credit crisis

Credit card is really handy, but I will pay cash so I have nothing to worry.

The truth is credit card is really very handy especially when you are in need of something but your cash is not sufficient. Everytime I have something in my mind to buy I see to it that I have the...

Credit Crisis Visualized

I came across this video the other day while trying to search for some information about the current global financial crisis. I was greatly impressed by its graphic explanations! If you are looking...

Does Mylot have soothing quality's?

There is a global credit crisis but frankly i have not seen much sign of it in Mylot discussions. I work in a factory that laid off 1 today, 3 last friday and 5 the friday before. But i come on...

And so the credit crisis comes to town.... .....

And probably it will land right on my doorstep. We all know the state our economy is in right now, some of us being affected more than others. We are lucky in that in the past couple of years, we...

Credit card delinquencies improve

This may not signal great times are here but it's definitely a positive sign that Americans are not falling behind on credit card debt.For the first time in a decade, more people paid their credit...

Citi really does deserve to be broken apart

The stupidity at Citi never ends. Tolerating it though is hardly much better. Shouldn't the owner (the US government) do something about it?For Citibank credit card holders, there is one way to...

Wall Street on target to beat 2007 bonus numbers

That year would be the last year of the credit bubble before it burst. Is there anyone in Washington who cares to step up and side with the American public here? This is a sham and everyone knows...

Inspector General Report: Yes, Goldman Sachs was highly exposed with AIG

For the millionth time, why does Goldman Sachs get a free pass from Congress and the White House? The American taxpayer saved them from ruin so there is no reason why Goldman Sachs should not be...

Dr. Black asks, AngryBear Answers

The question:How much was credit being funneled away from all other sectors in the economy?The answer: Very little if any. Neither the general consumer lending:nor the specific Real Estate...

Senator Dodd introduces bill meant to immediately freeze credit card rates

From the Hill's blog:Credit card rates would be immediately frozen under new legislation introduced on Monday by Senate Banking Committee Chairman Chris Dodd (D-Conn.).Dodd will introduce the bill in...

Scariest Irvine Foreclosure

Dr. Black had a link to foreclosures in Irvine, California. This one especially caught my eye:5031 Alcorn Lane, Turtle RockAmount owed: $298,876.14Last sale: July 2001, $485,000Auction date & time:...

Credit card defaults hit new record high

Predictable and not encouraging news for the banks who are also eying commercial real estate problems. Whether the gentle handling of the banks have delayed the banking pain (as some suggest)...

YouTube video woman gets Bank of America to lower credit card int. right, but they still haggled wi

The woman made an enormously successful YouTube video (nearly 245,000 viewers) calling out Bank of America for raising her credit card interest rate from 12.99% to 30%. Because of all the press she...

Obama finally slams banks

It's certainly not related to the central problems caused by the banks nor is it related to the outrageous bonuses that they have reinstated but it's a start. After months of dawdling Obama is going...