May 22, 2012

More Money is Not a Good Thing

Friday Rant! Did you hear the good news about the 2009-2010 academic year? In addition to the increase in Pell Grant money (which is great for students), Federal Stafford loan funds have been increased by $2,000! Terrific, let’s poor more student loan debt on the children of tomorrow. Do you know what happens when the federal reserve [...]

Medical Bankruptcy

Consumer Debt Rose $21 Billion Last Month Thanks to Credit Card Use

The total amount of consumer credit circulating in the United States rose by more than $21 billion last month, raising concerns that more people … [Read More...]

ResCap Files For Bankruptcy, Eyes Paying Back Taxpayer Bailout Money

Ally Financial Inc’s mortgage unit, named Residential Capital (ResCap for short), filed for bankruptcy on Monday, according to Reuters. Ally … [Read More...]