August 7th, 2015
Much attention was given this week to a recently granted Facebook patent that may open the door for the social network to create an alternative credit score system based on your social graph. In other words, the creditworthiness of your Facebook friends, could dictate your own creditworthiness. This system would leverage the old idiom that “birds of a feather flock together,” suggesting that people are friends with people that behave similarly to them.
There certainly might be some truth to this in some circumstances, but it is still a terrible idea with small chance of passing regulatory muster.
May 17th, 2012
This spring, more than 1 million new graduates will be thrust into the work force. And according to a recently published Rutger's study, more may come out of school with debt than come out with jobs.
October 7th, 2011
Ninety-three percent of consumers said they would not pay a monthly fee to use a debit card, according to a recent poll by the Wall Street Journal. Less than 3 percent said they will pay the fee.
September 23rd, 2011
With football season just around the corner, I’m still shaking my head at you.
I was there when it all went down. In the middle of the worst fiscal crisis in your history, the ax came down on every side.