If we are to restore stability to the financial system and to restore our faith, we will have to first revive the ancient truths and regulations, including the truth about limits.
If credit unions were doing a decent job of marketing, they could grab a massive percentage of the market from banks. But I haven't been asked to switch. I haven't seen an ad.
Longtime supporters of credit card reform have a new weapon in their rhetorical arsenal: the $700 billion Wall Street bailout. "The big banks got bil...
Survival means adapting quickly and forging new plans. Tough times also create opportunities for those who can change their attitudes and actions.
While archeologists might someday value these relics, most credit cards -- which are typically made of polyvinyl chloride, or PVC -- outlive their use...
We must once again make money work for the people.
The answer begins by explaining that the word credit is derived from the ancient word "credere" meaning to believe, to trust.
High levels of debt and consumption were not the result of millions of individual decisions by consumers. They were the result of a deliberate economic 'regime change' in the 1970s.
There are many good banks, most of them regional or local, that did not get snookered by the financial chicanery upon which the 'Goldilocks' economy was apparently based.
The financial crisis began in the credit markets, and eventually it will end there. But as the financial industry rounds out one of the most wrenching...
Kurt Lieber feels as if he's had the TARP pulled out from under him. As the owner of Werther International, a Houston company that sells air compre...
By all accounts, yes even from the pessimists, online shopping Thanksgiving weekend was a blockbuster, up 13% from last year. But let's take a little time out for safety, security, and common sense.
I see a recurring theme that everyone is living beyond their means. People are over-extended on their credit cards and mortgages. The government runs ...
In light of all the six-step, eight-step and ten-step proposals floating around Washington, I thought I'd offer the following twelve-step program for recovery from the financial crisis.
The government's Fat Cats First program is going global: the Federal Reserve Board announced this week that it was providing Brazil, Korea and Mexico with a line of credit of $30 billion dollars each.
Layaway, a payment practice that was made popular during the Great Depression but nearly became extinct due to the instant gratification of credit car...
"It's like I've got some big tag: target this person so you can get them back into debt," said Ms. Jerez, of Jersey City, who still gets offers, even ...
"Commercial credit is the creation of modern times and belongs only to the most enlightened and best governed nations." I stumbled on this frieze after giving a talk at Harvard Business School.
California Gov. Arnold Schwarzenegger, alarmed by the ongoing national financial crisis, warned Treasury Secretary Henry M. Paulson on Thursday that t...
With the financial system bailout plan derailed by the House of Representatives on Sept. 29, the resulting plunge in equities made headlines around t...
The House Republicans will be to blame for any calamities that may yet be in store for our economy. Their objection to the modified Paulson Plan was not ideological, it was political.
See Sally. See Sally run from the bank. Run Sally run. In the midst of one of the worst banking crises in decades, the U.S. Treasury Department today...
Republicans still want America to believe that the way to steady the economy is to follow Bush's efforts to slash taxes for millionaires.
One of the paradoxes of the business press is that while everyone should read it, since we all live in the economy, not everyone does. In fact, most p...
Many U.S. banks have made it harder for creditworthy borrowers to get a mortgage, according to a Federal Reserve survey released Monday that underscor...
