Credit Finance

Charman bernancke (wed 2-25-2010) warned Congress that the Federal Reserve would not back US spending at current deficits. That means financing from overseas, tax hikes, or default. It also means a severe limitation on funds supplied to the system. Expect credit to dry up almost completely, and interest rates to rise as money becomes scarce…! Washington Post: Article www.washingtontimes.com Donate: Donate: www.s119320640.onlinehome.us

We break down what the government reform means for you.

Consumer “Bill of Rights” Looks to Ban Unilateral Changes, Apply Rate Increases to Future Debt, Prohibit Interest on Fees, and Prohibit “Universal Defaults”

Before filing for bankruptcy, try seeking credit counseling. Learn about the repercussions of bankruptcy with tips from a consumer credit counselor in this free video on personal finance management. Expert: Maria Enomoto Contact: www.gotdebt.org Bio: Maria Enomoto works as a credit counselor for Consumer Credit Counseling services in San Jose, California. Filmmaker: Bing Hu

Live! From Jackson Hole, WY: Interview with Carnegie Mellon Economics Professor Allan Meltzer

Analysis and Discussion with Emily Peters of Credit.com (Bloomberg News)

Feb. 22 (Bloomberg) — Bloomberg’s Monica Bertran reports on new credit-card rules that take effect today and their potential impact on card issuers. (Source: Bloomberg)

Credit.coms John Ulzheimer on whether new credit-card practices will benefit the American population.

Credit Suisse Cutting 55% of Investment Banker Bonuses; Deutsche Bank Cutting 60% of Bonuses; UBS Cutting Company-Wide Bonuses by 80% (Starting Bell)