The easy availability of credit has created what Robert Manning calls our Credit Card Nation, where we are encouraged to shop until we drop In the aftermath of the terror attacks of September 11, 2001, President Bush made that point shamelessly when he told the American people that the best way to help in that traumatic period was to go shopping again

If there's a word that is universally invoked in the world of finance, it’s “transparency” The word comes to us from the 16th century with the connotation of “shining through,” The idea is simple

1 IT WAS NOT A MISTAKE: IT WAS A SCHEME Many people thing the economy is in free fall because some businesses made mistakes or because “everyone’s to blame

According to a Senate report, the starting point of this crisis was in 1997, during the reign of the Clinton Administration It was then that a period of housing price appreciation began – increasing by nearly 85% until 2006