Democrats have been trying to change the bankruptcy law so that judges could “cram down” mortgage amounts or terms to levels that would be affordable for the person filing bankruptcy. By threatening filibuster, …
Posted in Banks, Mortgages, Regulations February 29th, 2008 by Jack | Comments Off
In Dan Ariely’s fantastic new book, Predictably Irrational, he describes how traditional economics has failed us. Economic theory makes formulations and predictions based on an erroneous assumption - that human beings behave rationally. …
Posted in Banks, Credit cards, Debt management February 29th, 2008 by Terri | Comments Off
