Posts filed as “US mortgages”
Toils and troubles of a new housing bubble
The real estate market in southern California, like in many parts of the US, is hot again – but we should know better this time
It was while I was standing in the living room of a beach bungalow located about a mile from the Pacific Ocean in Los Angeles' Venice Beach neighborhood, that I heard the phrase "It's just like 2006" uttered twice in a 10-minute span of time by...Read more.
What caused the subprime mortgage crisis? Not our math skills
A paper published this week claims that the less competent at math, the more likely one is to default on mortgage in 2006-2007
There's a new culprit to blame for the subprime mortgage crisis.
Math – specifically, our lack of ability in it.
This news comes courtesy of a paper published earlier this week in the Proceedings of the National Academy of Sciences. A group of researchers determined that the less competent...Read more.
What caused the subprime mortgage crisis? Not our math skills
A paper published this week claims that the less competent at math, the more likely one is to default on mortgage in 2006-2007
There's a new culprit to blame for the subprime mortgage crisis.
Math – specifically, our lack of ability in it.
This news comes courtesy of a paper published earlier this week in the Proceedings of the National Academy of Sciences. A group of researchers determined that the less competent...Read more.
Payday loans: Washington needs to step in and regulate the industry
A bill to reduce Alabama's 456%-high interest rate failed this week, further proof that Washington needs to step in now
The latest evidence that we need Washington to step in and provide comprehensive reform of the payday loan industry came this weekend courtesy of the state of Alabama, where legislation that would have capped such loans at a 36% interest rate died in the final hours of the state legislative session.
Even...Read more.
Why ‘financial literacy’ is a bunch of hooey – and why the banks promote it | Helaine Olen
Companies and colleges say that if we all understand our finances, financial crises won't happen. This is simply untrue
April is National Financial Capability Month. You know what that means. We will be subject to many a tedious lecture, telling us how the financial crisis would not have happened if only those darn, irresponsible Americans knew how to handle their funds. And, of course, we'll believe it.
Almost all of us are...Read more.
About Helaine Olen
I am the voice of The Bills, a column about the intersection of money and life, at Slate. At Inc., I contribute to the Spread the Wealth personal finance column. My work on politics, economics, workplace culture and women’s issues has been published in numerous other print and on-line publications, including The New York Times, The Wall Street Journal, The Washington Post, The Atlantic, Salon, Pacific Standard, and The Los Angeles Times, where I wrote and edited the popular “Money Makeover” feature.
I'm the author of the critically acclaimed book Pound Foolish: Exposing the Dark Side of the Personal Finance Industry, and The Index Card: Why Personal Finance Doesn’t Have to be so Complicated, which I co-wrote with Harold Pollack.
What else? I’m a passionate bibliophile, a fan of 1970s pop music and a lover of rummage sales. I live in New York City.
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