The Crisis of Credit Visualized. Understanding Credit Card Debt & Credit Card Late Fees | Mint.com Blog | Personal Finance News & Advice. When used wisely, credit cards can be the cornerstone of a sound financial strategy. A solid credit history makes you a good credit risk and that in turn allows you to purchase the necessities of life.
But credit cards can also be a slippery slope. One misstep and you’ll tumble into the abyss of credit card debt hell, a mounting spiral of missed payments, fees, high APRs, and rate increases that will take years to recover from. Only by remaining vigilant can you hope to avoid this fate. Here’s our guide to what you may experience on the way down. Here’s Mint’s credit card guide to help you lift yourself out of the abyss.
Don’t let credit card debt consume you. For more personal finance visualizations see: WallStats.com Interested in mortgage rates canada? Making the Grade: A Guide to S&P’s Latest Credit Ratings by Country. Financial Scandals. The largest section, Classic Financial and Corporate Scandals, in the collection of links above, includes the best known cases of recent years, e.g. Parmalat, Enron, Barings Bank, BCCI, BRE-X, etc. and some other very large ones that have received less publicity. In addition there are sections on related topics such as political corruption, money laundering, organised crime, official regulatory and anti-fraud organisations, other bodies fighting fraud, and financial scandals in fiction.
That section is about the work of my sister, the novelist and former banker Linda Davies. Among the links from that page is one to a set of pages on the financial crime genre in general. Disclaimer The Financial Scandals site contains links to sources of information on various frauds, scams, swindles or corporate scandals in banking, finance and related areas, and on corruption involving governments and business. It is maintained by Roy Davies. The Largest Heist in History. October - December 2008 When the financial crisis erupted at the end of September 2008, there was an unusual sense of incredible panic among banking executives and government officials. These two establishment groups are known for their conservative, understated approach and, above all, their stiff upper lip. Yet at the time they appeared to the public running about like headless chickens. It was chaos.
But what really caused such an incredible panic in the establishment well known for its resilience? Money Making Machine In order to answer these questions we have to examine the basic principles on which the banking system operates and the mechanisms that caused the current crisis. Therefore, the same money is re-lent over and over again. Fundamental to this deposit creation principle is the percentage of deposits that a bank lends out. Building a Pyramid In a City bar back in 1998, an academic was discussing modern banking with his City colleagues from university. Epilogue. Banking Crisis Timeline. Infographic: Most Disruptive Companies in Tech - ReadWriteCloud. Focus has pulled together an infographic on the most disruptive companies in tech. It should come as little surprise that many of the innovations are cloud-powered, or cloud-dependent.
Consider the iPad, for instance. Apple's the clear leader in the tablet market, and eating away at the traditional computing market. Apple owns more than 68% of the tablet market, and is replacing laptops, e-readers and handheld games. What's that got to do with cloud? Focus also highlights Netflix. Finally, there's music service Pandora. The Financial Crisis Timeline.