Dec 3 2009

FICO and the Credit Card Financial Prison: How a Three Digit Credit Score Reflects Consumerism and not Financial Independence.

Americans carry $900 billion in credit card debt.  Approximately 75 percent of all those eligible for credit, those that are 18 years or older, have a credit rating score at any given time.  This mysterious three digit score named a FICO Score is the basis for loans, interest rates, and should reflect your ability to […]

Nov 30 2009

American Financial Dream Deferred: How the U.S. is Mirroring the Japanese Lost Decade after the Heisei Boom.

This weekend I decided to take a trip to a couple of local stores to pick up some food that didn’t involve turkey so I wouldn’t be fatigued of eating the same thing for the entire week.  A chain grocery store had about five people on a Sunday when it typically would have many more.  […]

Nov 27 2009

Credit Card Monopoly: Top 5 Issuers Hold $550 Billion in Credit Card Debt Taking up over 60 Percent of the Entire Credit Card Market.

As Americans rush out to shopping centers around the country on Black Friday many retail outlets have their fingers crossed that consumers will spend money that is clearly not on their balance sheet.  The average American is maxed out.  In fact, the typical American family has been subsidizing a decade of stagnant wages with credit […]

Nov 24 2009

13 Million Negative Equity Homeowners and Negative Equity FDIC: The Shackles of Debt Leverage on the American Economy. FDIC $8.2 Billion in the red with 552 Troubled Banks on the Revised List.

The third quarter was devastating for banks and homeowners.  To show the growing divide between Wall Street and the American economy, the FDIC just released its third quarter banking profile.  The FDIC fund is not only broke, it is now in the red to the sum of $8.2 billion.  We’ve been warning that the fund […]

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