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From Diner’s Club and BankAmericard to the latest – and maybe – greatest offerings, visual article at: TheBigMoney.com)
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{Photography by B Rosen}
Archive for May, 2009
Plastic Flashback: A visual history of the credit card.
Posted by Staff Writer on May 29th, 2009
Graduates with student loan debt work many years before their net earnings equal those of workers without a degree, according to a College Board study
Posted by Staff Writer on May 27th, 2009
For most people, taking on debt to pay for college or graduate school is a good long-term investment. College graduates on average earn 61% more than those with just a high school diploma over the course of a 40-year career, according to a 2007 analysis of census data by the College Board. In 2007 the [...]
Is Your Home A Good Investment?
Posted by Staff Writer on May 27th, 2009
There’s the usual talk about what the latest Case-Shiller house price data mean for the next short term move in the real estate market. Has housing bottomed? If not, has the rate of decline slowed? And when will we see an upturn?
Human nature likes the short term. Which is why so little attention is paid [...]
U.S. home prices fall by record 19.1% in first quarter. Los Angeles area prices were down 41% from 2006 peak. Phoenix shows the most severe decline, 53%
Posted by Staff Writer on May 26th, 2009
U.S. home prices showed no signs they’ve hit bottom, according to a series of national indexes released today. The Standard & Poor’s/Case-Shiller national home price index showed a record 19.1% drop in home prices for the first three months of this year.
Los Angeles area home prices, which include Orange County, were down 41% in March [...]
New regulations signed into law by Obama could bring back the tight access and low limits of the ’50s
Posted by Staff Writer on May 26th, 2009
“I have never paid any interest,” said the 78-year-old retired teacher and salesman. “I clear the account every month, and I don’t run up a big bill.”
If the industry — and its customers — maintained the prudence of Hockett’s Depression-era upbringing, the new credit card law signed Friday by President Obama might never have been [...]
Posted in News 
Tags: Credit, Credit Card Articles, Credit Limits, Laws regulating Credit Cards 
No Comments »China warns Federal Reserve over ‘printing money’
Posted by Staff Writer on May 26th, 2009
China has warned a top member of the US Federal Reserve that it is increasingly disturbed by the Fed’s direct purchase of US Treasury bonds.
Richard Fisher, president of the Dallas Federal Reserve Bank, said: “Senior officials of the Chinese government grilled me about whether or not we are going to monetise the actions of our [...]
How much is your identity worth?
Posted by Staff Writer on May 26th, 2009
HOW curious. Early this year my bank sent me a replacement credit card. I hadn’t asked for one, and the bank did not elaborate except to refer vaguely to “security” issues.
I still don’t know why my card was replaced, but I have a hunch: a massive electronic heist at a New Jersey-based company called Heartland [...]
Job Losses Push Safer Mortgages to Foreclosure
Posted by Staff Writer on May 25th, 2009
As job losses rise, growing numbers of American homeowners with once solid credit are falling behind on their mortgages, amplifying a wave of foreclosures.
In the latest phase of the nation’s real estate disaster, the locus of trouble has shifted from subprime loans — those extended to home buyers with troubled credit — to the far [...]
Credit-Card Consumer Protection Law May Reduce Purchasing Power
Posted by Staff Writer on May 25th, 2009
Jack Krupansky declared bankruptcy three and a half years ago. Now he worries the credit-card legislation Congress passed this week will make his banks, including Barclays Plc, penalize him as a riskier borrower.
“This legislation could boomerang and hurt the same people it’s designed to help during the credit crunch,” said Krupansky, 55, a freelance software [...]
Not much change at Citibank. How can one expect anything different going forward?
Posted by Staff Writer on May 25th, 2009
Albert Einstein once said: “No problem can be solved from the same level of consciousness that created it.”
At the recent Citibank’s (NYSE: C) shareholders’ meeting there were no change in the composition of the Board of Directors, or anyone significant at the top, therefore . . . following a layman’s logic, so eloquently put into [...]
