Archive for July, 2009

House OKs $2 billion more for ‘cash for clunkers’

After a surge of car sales drains the program’s funds, legislation is rushed through to provide additional money. The Senate still has to act.

Reporting from Washington and Los Angeles — The House today approved an additional $2 billion for the government’s “cash for clunkers” program, moving unusually quickly to replenish the program after overwhelming demand [...]

Chase dumping former WaMu card holders

Steven Lobdell points out an image on Chase bank’s Web site that says “Welcome WaMu customers. We’re here for you.”
But, apparently not for him. Lobdell is one of a group of former Washington Mutual credit card customers who were abruptly dumped by Chase in recent days. He holds two Chase cards; both were canceled as [...]

Network Solutions breach exposes nearly 600,000

Network Solutions is investigating a breach on its servers that may have led to the theft of credit card data of 573,928 people who made purchases on Web sites hosted by the company.
Networks Solutions notified 4,343 of its nearly 10,000 e-commerce merchant customers on Friday about the breach. It affects 573,928 cardholders whose name, address, [...]

Kucinich on CNN: How banks spent your bail out money

COULD YOU SURVIVE WITHOUT MONEY? MEET THE GUY WHO DOES

In Utah, a modern-day caveman has lived for the better part of a decade on zero dollars a day. People used to think he was crazy

DANIEL SUELO LIVES IN A CAVE. UNLIKE THE average American—wallowing in credit-card debt, clinging to a mortgage, terrified of the next downsizing at the office—he isn’t worried about the economic [...]

One Trillion Dollars Visualized

The Daily Show with Jon Stewart: Pyramid Economy (Video)

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Congressman Stearns: Mr Paulson How Do You Have Any Credibility?

Cheaper Mortgages Spark Lower FICO Scores for Payers

Victor Stern thought his money troubles were over when he got approval to modify his home loan. Then his credit score dropped 121 points.
Stern, a business development director at an information technology company in Charlotte, North Carolina, said he was shocked to see his credit score drop to 619 from 740 after entering the trial [...]

Money as Debt (Video)

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