We Tracked the Last Time the Government Bailed Out the Economy. Here’s What to Know About the $1 Trillion Coronavirus Plan.

Never in U.S. history has there been a moment like this: Trillion-dollar proposals are pouring forth from Capitol Hill in a mad bid to save the economy from the ravages of a pandemic. On the other hand, 2008, when toxic mortgage assets made “bailout” a political buzzword, wasn’t so long ago. Back then, Congress, to … Read more

Federal Housing Finance Agency Just STICKING it to Homeowners

by Cora Currier ProPublica, Last week, ProPublica and NPR raised questions about a risky investment strategy at Freddie Mac that would pay off if homeowners stayed trapped in expensive mortgages. It’s just the latest example of how government-owned Freddie Mac and Fannie Mae have frustrated many by not putting homeowners first. Fannie and Freddie are … Read more

Husband Deserted Me While I Was Being Treated for Breast Cancer. – Wendy

“Dear Steve, Recovering breast cancer, single mom. (Husband desserted me during treatment). Able to buy a house on my own after borrowing from my retirement. In credit card debt over $20,000 now before I realized it. Emotionally wanted to make myself and kids happy. Mistake Do these debt bailouts ruin your credit? Can I get … Read more

I Read Your Book. Is Debt Settlement Really the Way to Go? – Denise

“Dear Steve, I’m trying to determine the correct path to follow to reduce $40,000 in credit card debt. I see so much “marketing” on the internet, media, and tv. I have read your book “Eliminate Your Debt Like a Pro”. From that book and other articles I get the impression that debt settlement is not … Read more

Consumers More Intelligent Than Automakers Think

“Little Three” Detroit automakers seem to be consumed with fear that people would not purchase a new car from an automobile manufacturer that was or has gone bankrupt and that the fear of bankruptcy is scaring buyers away. I think this just shows how out of touch that Detroit is with the American buyer. It … Read more

So What If GM Goes Bust. Let’s Just Hope You Don’t Own a New GM Vehicle.

There is more to worry about if GM goes bust. Sure, nobody likes yet another bailout but the repercussions in job losses will rocket through not only the car company but all the suppliers, local economies, GM dealers, and so much more. But here is a subject that I have not heard talked about. If … Read more