Credit Crisis

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In Dependence Day 2009

Larry Gellman | Posted 08.06.2009 | Politics

Read More: Mark Sanford, American Revolution, US Military, Congress, Social Security, America, Economy, Cheney, George W. Bush, President Obama, Redistribution of Wealth, Obama, Democratic Party, Bush Tax Cuts, Dick Cheney, Deficit, Military, Wealth, Tax Cuts, Enlistment Bonuses, Financial Crisis, Medicare, Republican Party, Taxes, Credit Crisis, Entitlement, Democrats, Fourth of July, Barack Obama, Iraq War, John Ensign, Federal Budget Deficit, Independence Day, Sarah Palin, Military Recruiting, Iraq, Republicans, Politics News

We have never been more reliant on the generosity of others and less able to act like grown-ups and fend for ourselves than any time since the Revolution.

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Protecting Students From Credit Card Debt

Beth Kobliner | Posted 07.31.2009 | Business

Read More: Credit Crisis, Credit Card Debt, Credit Cards, Student Debt, Student Loans, Financial Literacy, Business News

Today, the culture of debt our children have inherited, and embraced, should be regarded as a national crisis and reacted to accordingly. To this generation, debt is far from a dirty word.

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Wall Street Logs Best Quarter Since Credit Crisis Erupted

Wall Street Journal | Posted 07.30.2009 | Business

Read More: Goldman Sachs, JPMorgan Chase, Best Quarter, Economy, Securities Firms, Financial Crisis, Credit Crisis, Wall Street, Business News

The securities firms still standing on Wall Street are about to close the most lucrative quarter since the credit crisis erupted. And instead of re...

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How to Live on $0 A Day: Taking Your Life Back From Creditors

Lesley Stern | Posted 07.24.2009 | Comedy

Read More: JPMorgan Chase, Humor, Satire, Amex, Economy, Economic Crisis, Bank of America, Citibank, Financial Crisis, Credit Crisis, Credit Card Debt, Credit Rating, Comedy, Personal Finance, Financial Advice, Bailout, Comedy News

Say you stop wasting your entire unemployment check on the hedonistic pleasure of protecting your precious credit rating. Instead, you're going to try eating, and maybe splurge on health insurance.

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Small Business Credit Card Cutbacks

nytimes.com | ANDREW MARTIN | Posted 07.20.2009 | Business

Read More: Credit Cards, Small Business, Credit Card Companies, Credit Crisis, Credit Crunch, Small Business Lending, Business News

Louis Licata has shelved plans to hire three more employees for his Cleveland law firm. Jeannie Macone, of Florida, is cutting back on inventory for h...

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Recession Hurting U.S. Cities At "Radically Varying Levels"

HuffingtonPost.com | Arthur Delaney | Posted 07.18.2009 | Business

Read More: Economic Recession, Foreclosure, Credit Crisis, Recession, Cities, Business News

The recession is hurting U.S. cities at "radically varying levels," which will lead to an uneven economic recovery, according to a new study by the Br...

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Once More, we get Killed by "Experts"

Pablo Triana | Posted 07.17.2009 | Business

Read More: Iatrogenics, Economic Crisis, L.J. Henderson, Financial Crisis, Nassim Taleb, Credit Crisis, Harvard, Aaa, Business News

The credit crisis was the result of rampant iatrogenics. The term literally means physician-induced. An iatrogenic death, or disease, would be one caused by the doctor.

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The Retreat of the Shadow Lenders: Why Deflation, not Inflation, Is the Order of the Day

Ellen Brown | Posted 07.17.2009 | Business

Read More: Depression, Deflation, Inflation, Collaterized Debt Obligations, Shadow Lenders, Money Supply, Federal Reserve, Banking Crisis, Ben Bernanke, Credit Crisis, Business News

The true path to economic recovery is to reclaim money and credit as public resources. Money needs to be transformed from private master to public servant.

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Down, Not Out: Porsche To Poverty

HuffingtonPost.com | Arthur Delaney | Posted 07.17.2009 | Business

Read More: Unemployment, Poverty, Unemployment Benefits, Economic Crisis, Credit Crisis, Business News

Jerry Wolters of Bellevue, Wash. wrote to say he's been out of work since November, 2008 and that his unemployment benefits will run out next month. "...

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B-School Professors, Not Students, Are To Blame

Pablo Triana | Posted 07.13.2009 | Business

Read More: Credit Crisis, Mba, Business School, Professors, Economic Crisis, B-Schools, Financial Crisis, Harvard Business School, Business News

Note to profs: what you did or didn't teach MBA's didn't cause the economic crisis, your indoctrination is not that important, relevant or influential.

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Debt Collectors: HuffPost Readers Report Harassment

HuffingtonPost.com | Arthur Delaney | Posted 07.13.2009 | Business

Read More: Debt Collectors, Debt Collection, Credit Crisis, Debt Collector Harassment, Eyes and Ears, Business News

The Tompkins County Public Library in Ithaca, N.Y. just can't get a break. Last week the Huffington Post reported that since November, the library has...

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Debt Collector Harassment: Coming To A Library Near You (VIDEO)

HuffingtonPost.com | Arthur Delaney | Posted 07.06.2009 | Business

Read More: Debt, Debt Collectors, Debt Purchasing, Payday Loans, Credit Crisis, Credit Cards, Business News

Since last November, the Tompkins County Public Library in Ithaca, N.Y. has received a "cease and desist" order from an attorney general or a lawyer i...

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Ignore the Scaremongers - Watch out for the Truly Scary

Ann Pettifor | Posted 07.06.2009 | Business

Read More: Unemployment Numbers, Job Losses, Debt, Bankruptcy, Consumer Debt, Unemployment, Investment, Banker's Recession, Government Spending, Green Shoots, Recession, Ben Bernanke, Credit Crisis, Borrowing, Interest Rates, James Bond Markets, Business News

Economists and their friends in bond markets are scaremongering in the hope of achieving cuts in government programs, rises in unemployment and lower wages. This is lunacy parading as economics.

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Introducing PLASTIC: A Series of Blog Posts on the Fifty Year Anniversary of Calling Debt Credit

James Boyce | Posted 07.03.2009 | Business

Read More: History of Credit Cards, Debt, Credit Crisis, Credit Card Debt, Credit Cards, Business News

How did debt become as much a staple of the American family as high school football or Thanksgiving dinner? Is it possible that this single piece of plastic actually molded our culture?

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Keynes and the Banking System

Alan Schram | Posted 07.02.2009 | Business

Read More: Business News, Financial Crisis, Deficit, Banks, Credit Crisis, John Maynard Keynes, Recession, Business News

Keynes-style fiscal policy which amasses debt to obscure our fundamental problems will only make matters worse.

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Five Reasons to Push Your Kids to Get a Credit Card

Jim Randel | Posted 07.02.2009 | Business

Read More: Debt, Congress, Finance, College, Economy, Financial Crisis, Credit Crisis, Credit Cards, Young People, Credit Card Industry, Barack Obama, Business News

Let's use our energies and experience not to prevent young adults from having access to debt but rather to educate them as to how to use debt responsibly.

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Dem Lawmakers Ask Fed To Curb Overdraft Abuses

HuffingtonPost.com | Arthur Delaney | Posted 06.29.2009 | Business

Read More: Carolyn Maloney, Banks, Credit Crisis, Debit Cards, Luis Gutierrez, Overdraft-Protection, Barney Frank, Business News

Three Democratic lawmakers want the Federal Reserve to curb charges that banks levy on customers when they make a purchase with a debit card and overd...

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How To Live On $0 A Day: Where To Put Your Remaining Assets

Lesley Stern | Posted 06.29.2009 | Comedy

Read More: Fdic, Bank Failures, Bank Fees, Piggy-Banks, Humor, Budget, Prada, Economy, Economic Crisis, Guns, Financial Advice, Mattress, Investing, Investment Advice, Insurance, Financial Meltdown, Banks, Financial Crisis, Booze, Comedy, Tarp, Stress Tests, Credit Crisis, Credit Cards, Bailout, Fees, Business, Living, Stock Market, Wall Street, Comedy News

Many banks won't accept deposits of less than $100. Those that do tend to get a little uppity when presented with a deposit in 20 lbs. of rolled pennies.

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Credit Card Paternalism: Redux

Jim Randel | Posted 06.26.2009 | Business

Read More: Education, Senate, Credit Crisis, Credit Cards, Finance, Barack Obama, Economy, Business News

To expect the government to cover all potential sink holes and then pull us out when we get in one, is silly.

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Free Visa -- and MasterCard, Too

Jim Jaffe | Posted 06.19.2009 | Business

Read More: Mastercard, Banking Crisis, Banks, Credit Crisis, Credit Cards, Business News

There's a word that describes people who spend money -- whether they use cash or cards. That word is customer.

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Reform in the Age of Plastic

Sen. Chris Dodd | Posted 06.19.2009 | Politics

Read More: Congress, Senate, Economy, Credit Crisis, Chris Dodd, Credit Cards, Credit Card Debt, Democrats, Credit Crunch, Consumer Protection, Credit Card Industry, Politics News, Politics, Politics News

Over and over we've heard that consumers should act responsibly when it comes to credit cards. I agree -- but it's time we held credit card companies to the same standard.

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Obama Calls for An Extreme Makeover of Our Culture: Are the Credit Card Companies Listening? [Updated]

Arianna Huffington | Posted 06.18.2009 | Politics

Read More: Elizabeth Warren, Economy, Economic Crisis, Obama Administration, Financial Crisis, Real Time With Bill Maher, Credit Crisis, Obama Economy, Credit Cards, Barack Obama, Credit Card Industry, Ryan Grim, Usury, Politics News

In The Divine Comedy Dante assigned usurers to the seventh circle of hell. The Senate obviously needs a refresher course -- since it overwhelming voted down Bernie Sanders' measure that would cap credit card interest rates at 15 percent.

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Credit Card Defaults Hit Record Highs In April

Reuters | Posted 06.18.2009 | Business

Read More: Citigroup, Wells Fargo, Credit Crisis, Credit Card Defaults, Credit Cards, Credit Card Industry, Business News

U.S. credit card defaults rose in April to record highs, with Citigroup and Wells Fargo posting double digit loss rates, as the recession slashed more...

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