Are the Banks’ Credit Card Portfolios Really Improving?

Rising home foreclosures was of course the main catalyst of the financial crisis. But credit card debt was also a big problem for the banks as more people lost their jobs and were unable to pay back all the boats and xboxes they had rung up on plastic. So the news a month or so ago that credit card delinquency rates were falling was …

Shout Out: ‘Personal Finance Comics’

In this series, the superheroes are personal finance bloggers who battle the evil forces of lottery tickets and credit card debt, and who sometimes, in Inspector Gadget-like fashion, unleash extendo-scissors from their arms to chop up credit cards before they can do more harm.

Job-less re-cov-er-y

The U.S. gained 431,000 jobs in May, according to this morning’s release from the Bureau of Labor Statistics (BLS). That sounds great—until you take into account that 411,000 of those positions were for temporary Census workers. The private sector added only 41,000 jobs, which is a drop in the bucket.

The employment rate edged down to …

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