Perspectives
A roundup of editorials and thought pieces from weblogs, think tanks, and elsewhere on the Web.
Credit cards are not helping the nation
07/23/08, HoumaToday.com
There was an eye-opening article in the newspaper recently, and boy, did it open these eyes. It was a discussion about credit-card debt. It seems like a lot of people are going under because of credit-card debt. The interest rate on that kind of loan is outrageous. I’m not saying credit-card use is bad.
Anti-RAL efforts continue
06/07/08, Don't Mess With Taxes
High tax season is over, which means that the rush for refund anticipation loans, or RALs as they are usually called, also has quieted down.
Eakes!
03/12/08, Columbia Journalism Review
Clearly, Forbes wants its readers to know there’s something wrong with Eakes...Trouble is, Forbes can’t find any facts—not even one—that even remotely qualify as mud. To support its premise, the piece crosses the line from tough to unfair by trying to cast benign or irrelevant facts as somehow sinister.
Ads Touting Risky Mortgages Still Plentiful
09/07/07, Red Tape Chronicles
Not only are such mortgage loan ads enduring, despite all the bad publicity surrounding the problems of the subprime mortgage market, they seem more aggressive than ever.
Over Drafted
07/11/07, Washington Monthly
friend of mine was recently telling me the story of how he had been automatically signed up in the fine print of a new credit card for some sort of insanely abusive overdraft protection from his bank. He eventually got rid of it, but then was forced to construct some kind of monstrous Rube Goldberg scheme to protect him from overdrafts without bankrupting him.