Credit

Restoring Faith in Finance

Ann Pettifor | Posted 05.25.2011

Read More: Climate Change, Franklin Roosevelt, De-Regulation, Finance, Faith, Madoff Ponzi Scheme, Credit, Wall Street, Alan Greenspan, Business News

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.

Read Post

Where Are the Credit Unions?

Andy Sernovitz | Posted 05.25.2011

Read More: Banking, Marketing, Banking Crisis, Banks, Credit Crisis, Credit, Credit Crunch, Credit Unions, Business News

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.

Read Post

Credit Card Firms Back In Hot Seat

Politico | Posted 05.25.2011

Read More: Credit Card Reform, Credit Cards, Credit, Lending, Interest Rates, Credit Reform, Usury, Politics News

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...

Read Whole Story

Hug the Monster: 4 Secrets of Surviving the Recession

Ben Sherwood | Posted 05.25.2011

Read More: Sere, Situational Awareness, Bankruptcy, Credit, Unemployment, Survivor IQ, Economy, Survivor, Recession, Foreclosure, Air Force, Survivors Club, Recession Survival Quiz, 401k, Business News

Survival means adapting quickly and forging new plans. Tough times also create opportunities for those who can change their attitudes and actions.

Read Post

Biodegradable Credit Cards: The Good Kind Of Financial Breakdown

Green Inc. | Laura Shin | Posted 05.25.2011

Read More: Biodegradable Credit Card, Credit, Pvc, Waste, Plastic, Discover Card, Green News

While archeologists might someday value these relics, most credit cards -- which are typically made of polyvinyl chloride, or PVC -- outlive their use...

Read Whole Story

The President Must Heed Lincoln and Ignore Economists

Ann Pettifor | Posted 05.25.2011

Read More: Abraham Lincoln, Federal Reserve, Financial Crisis, Credit, Money, Bank Money, President Obama, Debt, Business News

We must once again make money work for the people.

Read Post

Just What Is a Credit Crisis?

Frank A. Weil | Posted 05.25.2011

Read More: Screen Actors Guild, Credit Default Swaps, Credit Crisis, Credit, Business News

The answer begins by explaining that the word credit is derived from the ancient word "credere" meaning to believe, to trust.

Read Post

Blaming the Victims: Heroic American Consumers

Ann Pettifor | Posted 05.25.2011

Read More: Debt, Foreclosure Crisis, Unemployment, Credit, Borrowing Money, Food Stamps, Wages, Easy Money, Great Depression 2.0, Consumption, Consumer Spending, Financial Crisis, Business News

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.

Read Post

Son of TARP: Don't Do "Bad Bank," Do Only "Good Bank"

Paul Abrams | Posted 05.25.2011

Read More: Liquidity, Bad Banks, Good Banks, Credit, Tarp, Business News

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.

Read Post

Credit Is Key To Stopping Financial Crisis In 2009

New York Times | ERIC DASH and VIKAS BAJAJ | Posted 05.25.2011

Read More: Debt, Credit, 2009 Economy, Finance, Economy, Banks, Financial Crisis, Credit Crisis, Business News

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...

Read Whole Story

TARP Not Easing Lending

Houston Chronicle | Posted 05.25.2011

Read More: Debt, Small Business, Credit, Bailout, Finance, Lending, Economy, Tarp, Business News

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...

Read Whole Story

Looking Out Online!

Roseanne Colletti | Posted 11.17.2011

Read More: Holiday Shopping, Credit, Shopping Tips, Economy, Consumer Safety, Online, Auction, Debit, Healthy Living News

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.

Read Post

Living Beyond Our Means

Alan Rosenblatt | Posted 05.25.2011

Read More: Financial Crisis, Credit, Bailout, Fiscal Responsibility, Politics News

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 ...

Read Post

Hi My Name is America and I'm a Credit Addict: 12-Step Program for the Financial Crisis

Hoyt Hilsman | Posted 05.25.2011

Read More: Debt, Recovery, Hank Paulson, Economy, Barney Frank, Congress, Obama, Mortgage Crisis, Credit Cards, 12-Step, Mortgage, Credit, Unemployment, Financial Crisis, Banks, Economic Recovery, Business News

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.

Read Post

The Bailout Goes South of the Border

Jeff Faux | Posted 05.25.2011

Read More: Financial Crisis, Bailout for the Rich, Mexico, Federal Reserve, Credit, Korea, Brazil, Economy, Business News

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.

Read Post

Layaway Is Making A Comeback Amid Credit Crisis

The Wall Street Journal | MIGUEL BUSTILLO | Posted 05.25.2011

Read More: Credit Cards, Credit, Poverty, Economic Crisis, Economy, Layaway, Credit Crunch, Recession, Style News

Layaway, a payment practice that was made popular during the Great Depression but nearly became extinct due to the instant gratification of credit car...

Read Whole Story

Banks Use "Farming Kit" Lists To Pitch To Troubled Borrowers

New York Times | Brad Stone | Posted 05.25.2011

Read More: Debt, Credit Cards, Credit, Finance, Financial Crisis, Banks, Farming Kits, Personal Finance, Credit Card Approval, Risky Borrowing, Business News

"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 ...

Read Whole Story

Credit: Man's Confidence in Man

Dr. R. Keith Sawyer | Posted 05.25.2011

Read More: Wall Street Bailout, Credit Crisis, Government Bailout, Credit, Bailout, Credit Crunch, Housing Crisis, Business News

"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.

Read Post

Schwarzenegger To U.S.: California May Need $7-Billion Loan

The Los Angeles Times | Posted 05.25.2011

Read More: California, Governor Arnold Schwarzenegger, Economy, $7 Billion Loan, Credit, Recession, Loan, Politics News

California Gov. Arnold Schwarzenegger, alarmed by the ongoing national financial crisis, warned Treasury Secretary Henry M. Paulson on Thursday that t...

Read Whole Story

Republican "Workout" Is A Cop Out

Ron Grande | Posted 05.25.2011

Read More: Washington, Main Street, House Republicans, Ideology, Ideological, Workout, Paulson, Wall Street Crisis, Credit, Bailout, Wall Street, Securities, Crisis, Financial, Republicans, Free Market, Political, Home News

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.

Read Post

Measuring The Crisis: Look Past Stocks

BusinessWeek | Ben Levisohn | Posted 05.25.2011

Read More: TED Spreads, Debt, Commercial Paper, Credit, Credit Markets, Finance, Banks, Personal Finance, Credit Default Swaps, Wall Street, Measure Credit Markets, Measuring the Crisis, Business News

With the financial system bailout plan derailed by the House of Representatives on Sept. 29, the resulting plunge in equities made headlines around t...

Read Whole Story

Teaching Kids About Credit While The Nation Learns Its Lesson

Los Angeles Times | David Colker | Posted 05.25.2011

Read More: Credit, Banks, Lehman Brothers Bankruptcy, Personal Finance, Credit Crisis, Young Investors, Business News

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...

Read Whole Story

GOP Brags That McCain Will Continue Bush's Economic Legacy

David Sirota | Posted 05.25.2011

Read More: Taxes, Phil Gramm, John McCain, Credit, Housing, Economy, George W. Bush, Politics News

Republicans still want America to believe that the way to steady the economy is to follow Bush's efforts to slash taxes for millionaires.

Read Post

How The Press Failed Readers On The Changing Credit Card Industry

Columbia Journalism Review | Dean Starkman | Posted 05.25.2011

Read More: Credit Card, Credit Card War, Credit Card Companies, Chase, Dean Starkman, Dean Starkman Credit Cards, Changing Credit, CJR Credit Cards, Changing Credit Card Industry, Hsbc, The Wall Street Journal, Discover, The Financial Times, American Express, Visa, Press Ignores Changing Credit Card Industry, Dean Starkman CJR, Dean Starkman Credit, CJR Credit, Business Week, Credit Card Company, Deam Starkman Columbia Journalism Review, Bank of America, Credit Cards, Fortune, Columbia Journalism Review, Citi, Mastercard, Credit War, Press Ignores Economy, Wachovia, Forbes, Credit, Cjr, Media News

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...

Read Whole Story

Fed Survey: Banks Tightening Credit

AP | JEANNINE AVERSA | Posted 05.25.2011

Read More: Mortgages, US Banks, Credit, Credit Markets, Fed Survey Banks Credit, Federal Reserve, Business News

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...

Read Whole Story