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Dwindling Consumer Confidence Is Not Helping the Housing Market

Image by Getty Images via Daylife Despite aggressive interest rate cuts by the Federal Government to maintain jobs and even a stimulus package sent out to assist with finances, consumer confidence is still lingering around its lowest level in close to two decades. With everything much more expensive now and the dollar still staggering to keep [...] [...more]

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Insiders Get Billions And The Common Man Continues To Suffer

The world’s financial system is as weak now as it has been in many decades. Federal Reserve Chairman Ben S. Bernanke has a huge problem on his hands: a very wide-ranging credit freeze up surrounding financial institutions. This is a problem that mere cuts in interest rates cannot cure. The exceptionally low interest rates of the [...] [...more]

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Credit Card Rate Caps ‘Interest’ Obama and Clinton

While both of the Democratic contenders for the November Presidential nomination have a lot of good ideas, here’s one that we, at Debt Hacker, really like: cap usurious interest rates on credit cards.Where the two could not seem to agree on what that cap should be (Clinton proposes the cap at 30% but Obama feels [...] [...more]

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Cash Advance Lenders Cozy up to Politicians

You’ve probably heard of the health care lobby, the firearms lobby and the tobacco lobby but did you know that the payday loan industry has a lobby, too? Of course they do. In an article on Myrtle Beach Online, Aaron Gould Sheinin details how politicians, especially Democrats, are getting “plied with contributions”. In fact, it [...] [...more]

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