I want to wish everyone who reads my blog a Happy New Year!
I think 2009 is going to be a much better year for me—economically, that is. I have lined up several “ducks in a row” for the new year.
I hope you have as well, and will be making things better for yourself in the [...]
One of the websites I like to visit often is the Daily Reckoning. These guys are the author of the book Empire Of Debt. A book I recommended on my blog post titled Paper Money.
This I think sums up how bad government bailouts are for the economy:
It is amazing to us that so many people [...]
Joe Nocera has a post on his blog by an anonymous banker who tells the truth about the incoming credit card business crash.
The Worst Is Yet To Come: Anonymous Banker Weighs In On The Coming Credit Card Debacle
The line that I like best about that article is when the anonymous banker wrote:
And credit card rates, [...]
But! “regulators would give card issuers until mid-2010 to comply with the rules.”
Just like the government to finally move to take care of an egregious problem but not put protections in place until 18-months later!
New Limits Imposed on Credit Card Companies
This is the reason why the voters always get shafted by those we vote for. [...]
Back in May I posted about the new changes being proposed by the Office of Thrift Supervision and Congress to curb credit card abuses by credit card issuers: Do I Dare Hope?
Today I read this news:
Fed moves on credit card crackdown
Bank regulators approve proposal to eliminate industry practices like ‘double-cycle billing’ as banks push back. [...]
The biggest changes discourage piggybacking and penalizing infrequent delinquencies.
By Renuka Rayasam, Associate Editor, The Kiplinger Letter
By next spring, two of three credit reporting bureaus will use a new model. Fair Isaac, the developer of FICO scores, has made the biggest change to its mathematical credit score model since it was introduced in 1989. Scores will [...]
Recently my server got hit with three nasty rootkits.
I know how it got infected, I turned off the firewall to help me setup a particular program and I forgot about it. I also opened up the ports to use with that software on the hardware router. Oops.
I know, I should be shot.
To help [...]
Just like the big banks to take TARP money and then not even use that money for what Congress had intended it for; extend credit to the markets and small businesses. Instead the big banks, like Bank Of America, have taken that money to buy other banks in trouble and they have played Congress just [...]
I haven’t posted at all since July. I can’t believe time has flown by so fast. The year 2008 is coming to an end in a few weeks. Wow.
I haven’t done that great a job posting on this blog. I want to change that for the new year.
I just came to the realization that I [...]
