Spreading the truth. Empowering the people.
by Samnits TLDR; Credit Card info was stolen and $999 item was purchased and shipped to my address. The thief then set-up a FedEx delivery manager account and rerouted the … Read more
by Danielle Park via Juggling Dynamite I have long noted that the leverage, securitization and off-book accounting gimmicks that imploded enery-giant-ENRON in the early 2000s were adopted far and wide over … Read more
by ZeDoubleD The Theory: The SEC is really just a tool for big banks and credit card companies to destroy competition. Their sole purpose and goal is to ignore real financial … Read more
by The Zman The Federal Reserve is making noises about cutting interest rates for the first time in several years. The reason is the trade dispute with China and now Mexico is potentially … Read more
Having less than perfect credit doesn’t mean obtaining a loan is out of the question. There are lenders who have plans designed for those who’ve been through some difficult times. … Read more
via MarketWatch: A bipartisan group of lawmakers have introduced legislation in both houses of Congress to expand a well-respected housing program. The Affordable Housing Credit Improvement Act of 2019 was … Read more
via Zerohedge: A Bloomberg report has revealed what it dubs the “secret source” of Tesla’s cash. Tesla has been pulling in much-needed extra cash from the same competitors that it criticizes for … Read more
via greenwichtime: Federal Reserve Chair Jerome Powell gave a speech a couple of weeks back that showed that financial regulators have learned many lessons from the 2008 financial crisis, but … Read more
by billFoldDog I just got an email from Chase stating that the credit card agreement was changing to include binding arbitration. I have until 8/10 to “opt out” of giving … Read more
via Bloomberg: Credit market risk is at an all-time high, according to Scott Mather, chief investment officer of U.S. core strategies at Pacific Investment Management Co. The investment firm is defensive on … Read more
DOW longest weekly losing streak since 2011… Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth. The Dow Jones Industrial Average ended … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Impact felt by the real economy and the most vulnerable consumers. In the first quarter, the credit-card “charge-off” rate at the 4,650 or so smaller US … Read more
Americans now pay their banks an average 17% interest on credit cards — the highest level recorded by the Fed. The rising monthly cost for U.S. consumers may be one … Read more
by east_off Credit Card debt is a SLIPPERY as hell slope. Manage it from the beginning. Here’s what I wish someone told me but nobody did… 1) DELETE the mindset … Read more
Total U.S. household debt is now $993 billion higher than the peak of $12.68 trillion in the third quarter of 2008, according to a new report by the New York … Read more
Imagine calling a friend. Only instead of hearing a ring tone you hear a police siren, and then a voice intoning, “Be careful in your dealings with this person.” Would … Read more