Franken on Looming Credit Crisis

Al Franken’s been holding press conferences, roundtables and events around the state about where he stands on tons of issues ... in consumer debt, the average household’s credit card debt is over $8,500. I’m not sure why this isn’ ... said he would back a “credit card bill of rights,” crack down on predatory lenders and repeal [more...]

Date: 2008-08-14 09:21:12

Blog posts (8) | Videos (2)
 

Is It A Good Or Bad Thing That So Many Companies Are Going Out Of Business?

What exactly will 2009 bring us in terms of businesses closing down for good? ... $2.56 trillion in consumer debt, with the average household’s credit card debt amounting to $8,565 ... filing for bankruptcy or are already in it, so we won’t know if some of them make [more...]

Date: 2009-01-06 14:00:00

Why So Little Self-Recrimination Among Economists?

Why is it that economics is a Teflon discipline, seemingly unable to admit or recognize its errors? ... well know, prices rose at an accelerating pace), rising levels of consumer debt, stagnant average [more...]

Date: 2009-01-12 09:21:07

Keeping Up with the Joneses...Reader's Submission

“Keeping up with the Joneses?” By: Nicole Little Some may say that the quote, “Keeping up with the Joneses" ... -workers and or associates. Well, I guess now we all are paying for Mrs. Brown trying to be Mrs. Jones ... ' average credit card debt in 2007 was $8400 per household. By the end of 2007, consumer debt in America [more...]

Date: 2009-01-15 12:54:03

Erase 50% of Your Debts You Owe Legally and Ethically – Beat the Recession!

Fact: It is now legal to erase 50% of your debt that you owe to any financial institution, however Americans have been educated by their creditors and so they stay in debt until they retire. Card debts of $10,000 will take an average consumer 40 years to pay , interest rates are that high. [more...]

Date: 2009-09-15 06:01:19

Pensioners hit by spiralling credit card debts forced to take out loans as energy prices soar

One in four people is approaching retirement with thousands of pounds worth of debt because they cannot meet the rising cost of living ... for debt charity the Consumer Credit Counselling Service (CCCS) said the research tallied with its own ... to pay their bills. The average credit card debt for the age group is now just over £8,000, according [more...]

Date: 2008-11-23 00:05:36

Debt Consoldiation: The Benefits of Consolidating Debt

Amazon.de Widgets Debt Consoldiation: The Benefits of Consolidating DebtBy: Daniel Millions - Debt is a big problem for millions of Americans and other citizens around the world. Debtors who are in exceptionally deep often die with bills unpaid, and the debt is passed on to their relatives. When credit first became available, it was nearly impossible for the average consumer to acquire a credit card. Nowadays, companies want people who have trouble paying their bills, because that means they wi [more...]

Date: 2009-06-28 20:02:50

Weighted Average Cost of Capital Doesn't Include Everything

Or: Figures don't lie, but Liars Sure do Figure! We've got a lot of people with loans in the low fives, interest rate wise, ... : $350,000 first at 5.25% $100,000 second at 8.5% $50,000 consumer debt at 12% This person then used ... that there's enough equity in the property to absorb the full amount of excess debt without PMI. Robert [more...]

Date: 2009-01-11 17:50:23

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