Rick Newman


October 2008


How GMAC's Woes Foretell Consumer Pain

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A lot of people who have been hearing about the ubiquitous credit freeze are probably wondering where the heck it is, since their credit card bills and mortgage statements seem to keep coming, unabated. It's even harder to understand how this unseen credit crunch is supposed to bring down the ...

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TAGS:
loans
credit

How to Tell if You're Rich

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If your household income is $250,000, other people might consider you rich—even if it feels as if you're just getting by.

The big debate over tax cuts—and who, exactly, constitutes the middle class that should get most of them—usually focuses on a single income number. Barack Obama wants to target ...

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TAGS:
money
wealth

Bailout Will Help, but Pitfalls Remain

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The mammoth financial bailout plan is finally in place. But don't exhale just yet.

The $700 billion rescue bill that Congress finally passed will limit panic in the markets, since it gives the government vast new authority to take over sclerotic securities that have clogged the credit system and ...

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TAGS:
bailout

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