Financial News

It Takes a Village to Raise a Blog

May 27, 2009

Two years ago today this intrepid soul launched himself on an unexpected adventure called the Dough Roller. I can still remember the feeling in the pit of my stomach when I hit the publish button on my first article, as if anybody was actually going to read it. Back then I knew absolutely nothing about [...]

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2009 Economic Stimulus Package FAQs

March 7, 2009

President Obama has signed into law an economic stimulus package that covers 2009 and 2010. The stimulus plan, which costs $787 billion over two years, is more than 700 pages long. To break it down for you and to summarize the key provisions, we have developed this 2009 Economic Stimulus Package FAQ. Economic Stimulus Payment [...]

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When will the Recession End?

February 18, 2009

As every day seems to bring more economic turmoil, people are asking one simple question. When will the economic recession end? Wrapped up in this question are three questions that affect most of us. When will real estate values stop going down? When will the unemployment rate stop going up? And when will the stock [...]

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An Interview with LendingClub’s Rob Garcia

January 14, 2009

LendingClub, a peer to peer lending site, brings individual borrowers and lenders together to fund loans up to $25,000. I got the opportunity of meeting LendingClub’s Rob Garcia when I was doing my research on how LendingClub and sets interest rates. Rob joined the founders of Lending Club and serves as the Director of Product [...]

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The Federal Reserve Approves Sweeping Credit Card Reform

December 19, 2008

The Federal Reserve yesterday approved final rules aimed at protecting consumers by prohibiting certain unfair acts or practices by credit card issuers. The new rules were adopted under the Federal Trade Commission Act, and similar rules were concurrently adopted by the Office of Thrift Supervision and the National Credit Union Administration. The good news for [...]

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Remembering A Good Soul–Dean Barnett (1967-2008)

October 28, 2008

I lost a good friend yesterday. Dean Barnett was just 41 when he died of complications from Cystic Fibrosis. Dean and I first met in 1989 at Boston University School of Law. We were both incarcerated in Section B, which included contracts with the distinguished and extremely tough Professor Clark Byse. Dean and I helped [...]

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Credit Cardholder’s Bill of Rights Act of 2008 – What it means for you

October 19, 2008

While the $700 billion bailout and presidential elections have dominated the news, the House of Representatives passed a major piece of credit card reform legislation. The Credit Cardholder’s Bill of Rights Act of 2008 passed the House on September 23, 2008 by a vote of 312 to 112 (with 9 members not voting). While the [...]

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How to Survive (and Thrive) in a Recession

October 12, 2008

Make no mistake about it, a recession is here. While we do not know how long or painful it will be, we do know that it has the potential to be the worst financial crisis any of us have ever lived through. The stock market has lost more than 20% in the last 10 trading [...]

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Emergency Economic Stabilization Act of 2008: What it does, what it will cost, and whether it will work

September 29, 2008

After a tense week of negotiations, the House of Representatives has put out a 110 page draft of the bailout bill, called the Emergency Economic Stabilization Act of 2008. Events leading up to the bill included late night calls to Warren Buffett to get his take on the crisis and the consequences if the Bush [...]

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