Get Debt Under Control

Longview developer Charles Blevins had big dreams of creating jobs, homes and profits. Then came the mortgage crisis and the collapse of the housing market. When a large bank loan fell through this year for a subdivision he was poised to build at the foot of Mount Solo, Blevins’ dreams died.

by hilzoy From the WSJ: "All around Washington, policy makers are scrambling to figure out how to get banks lending again. Lawmakers have criticized banks for not using new federal money to make loans and have threatened to place conditions on additional money. Regulators last week sent out a directive, encouraging banks not to hold back on lending. But there's a flaw in that logic. Banks actually are lending at record levels. Their commercial and industrial loans, at $1.6 trillion in early

In his campaign, Obama’s plans to improve the economic condition of the US were certainly admirable and well thought out. His strategy was basically oriented towards the middle class (which have suffered the most due to the meltdown) and it was also an approach to give a boost to the now doomed businessmen and the new players who want to enter the industry. Looking at the recent monetary crisis, he, along with Biden, came up with fresh new pointers in his election campaign which can help impr

I have stated before that I am huge Dave Ramsey fan. I think his approach to debt destruction is the simpliest and most straightforward approach. It has broad application across all income levels and focuses on motivating people and changing their behavior. I used the baby steps and the and free access to Dave’s radio show to eliminate $70,000 in 4 years. There are officially 7 baby steps(1-7), but there is an unofficial pre-requisite that I like to put in there. Step 0 - Stop going into d

The end of a marathon presidential campaign cleared space in the news cycle this week for buffeted politicians to try to rehab images scarred by scandal or brutal campaigning. John McCain made an appearance on “The Tonight Show” on Tuesday and made light of his failed campaign. “The one thing I think Americans don’t want is a sore loser,” McCain told host Jay Leno. “I knew I had a headwind. I can read the polls. They tried to keep them away from me. But I knew we had a real headwind.” The Rep