Bailout Strategy—Rip Off the Little Guy?

Who needs TARP to bail out financial institutions? Your local supermarket carries a retail version at the checkout counter. We know the program as “gift cards.” Last week while I was grocery shopping, the gift-card display piqued my curiosity. So I took a...

41 Percent Interest Rates: Believe It or Not

The US Senate just rejected a 15 percent ceiling on credit card rates. Here’s the link to The New York Times article. Ordinarily, I would agree with the decision. Senators, let the markets run their course. In this case I’m outraged. Senator Bernard...