April 2011
1 post
The US Wakes up - finally!
Expect Rep. Paul Ryan’s proposal that cuts federal spending by $6 trillion over 10 years to get shredded by his political opponents. Some aspects of it deserve to be shredded.
But first, Americans should commend the Republican from Wisconsin for having the guts to do what almost every politician from both parties has failed to do: Offer a serious and specific proposal that tackles the...
January 2011
1 post
Debt Relief Law not well received
As the saying goes, desperate times call for desperate measures. And in these difficult economic times, many are finding themselves falling further and further into debt, desperate for some relief. Unfortunately, the very companies that they turn to for help often turn out to be a scam, taking payment without proving any debt relief. For many, desperate measures turn out to be deceptive...
September 2010
1 post
Bank Debt Collection Methods come under Scrutiny
Bank Indonesia Governor Darmin Nasution told a hearing with the House of Representative’s finance commission on Tuesday evening that the country needed a law regulating banks’ debt collecting methods. ”There needs to be a basis; game rules for debt collecting practices. We need authorization in the form of a law similar to the ones used in the US and Australia,” he said before members...