Bankruptcy is the Cost of the Way the Credit Card Industry Does Business

Reprinted with permission from Huffington Post 7-13-11 One newspaper article in 1997 told me all I needed to know about the business model for the credit card industry. Beneficial National Bank, the credit card lender for BJ’s Warehouse, notified 12,000 of its customers that it was revoking their credit card privileges. A logical guess would be [...]

Bankruptcy of the Elder Class

Once the nation’s wealthiest class, today’s retirees are faced with unprecedented financial troubles that often lead to bankruptcy court.