By John Pelletier
November 12, 2012
Since the financial crisis began in 2008, Americans have witnessed a constant stream of scandals and settlement by the financial services industry. Banking, securities, consumer protection, commodity, asset management and brokerage regulators have all fined and penalized large institutions for putting profit and personal economic gain ahead of the law and doing the right thing for their clients.
Commentary: Good for loan-seekers, not for savers
October 1, 2012
Interest rates are like the seesaw you played on as a kid. Savers are on one side and borrowers are on the other side. In a normal economy, you want there to be a balance between these groups. The person taking a loan gets a fair deal and the person lending money through their savings makes a fair return.
Commentary: Because not getting a degree is much worse
August 23, 2012
Late summer is when parents bring their children to college. As they drive to campus they're worried about tuition increases, the burden of student debt and whether their children will find jobs when they graduate. Some parents and high-school students are beginning to question the value of a four-year college degree in this post-Great Recession world.
Strategies for college grads to start on the right financial footing
May 9, 2012
Not being a best-selling author, film star or U.S. senator, I won't be giving commencement speeches this spring. But as I imagine myself at the podium in front of eager young college graduates, I know exactly what I would say.
Start saving early; avoid your parents' problems
April 16, 2012
The majority of this spring's college graduates are not ready to take on the world financially. On average, two-thirds of students will graduate with student loans of $25,250 and more than $4,000 in credit card debt.
Commentary: Few of us are trained to deal with our own money
Published July 26, 2011
This summer marks the fourth anniversary of the beginning of the financial crisis that led to America's recent Great Recession. In the summer of 2007, the first warning tremors were felt in our credit markets, and U.S. citizens began to learn about terms like mortgage-backed securities, sub-prime loans and credit default swaps.