Thank you china for exterminating your own people

Wahooo China has once again shocked the world.  This time they are very proud of it.  They are literally the most polluted country in the entire world according to the U.N.  Guess it is a good thing their embasitor is thrilled about giving his people health problems and cancer.  How cute they brainwash children into [...]

Fannie and Freddie Mac Mortage Lending Window Set Free

Federal regulators have eased the lenders’ capital surplus requirements, to inject some much-needed money into the mortgage market
Another stone fell into place in the federal government’s plan to build a path to credit market recovery. On Mar. 19, the Office of Federal Housing Enterprise Oversight, or OFHEO, said it was reducing the amount of capital [...]

Citi splits consumer banking, card units

Citigroup Inc. plans to split its consumer banking unit from its credit-card business as part of a broader reorganization to cut costs and simplify the large financial institution’s structure, the company said Monday.
Citi said named Teresa Dial, 58, global head of consumer strategy and chief executive of consumer banking in North America. That business will [...]

What type of rewards card is best?

Only responsible credit card users should mess with rewards credit cards. These cards typically have higher interest rates than nonrewards cards, so they make sense only if you can pay your balances off each month. Otherwise, those interest payments will negate the rewards. Defaulting will also zap your earnings, so you have to keep your [...]

It’s time for a credit card revolution

After paying at least $600 million a year in excessive card fees, consumers in the U.K. are getting money back. We Americans should demand the same.

A couple of years ago, consumers in the United Kingdom got a break when the country’s Office of Fair Trading told credit card issuers that their late and over-limit fees [...]

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