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- Working past retirement (Contra Costa Times)
What do movie actor-director Clint Eastwood, oil man T. Boone Pickens and college football coach Joe Paterno have in common? They are all well past age 75 and still working. www.contracostatimes.com
- Why banks are squeezing credit card holders (Daily Record)
Tommy Newsom was shocked when his bank nearly doubled his credit card interest rate this year, to 27 percent, for no apparent reason. A customer rep told him the law allowed the bank to do so, and that was all the justification it needed. www.dailyrecord.com
- Coming to the house party? - Guardian Unlimited
They are Britain's luckiest mortgage borrowers. In September last year, Cheltenham & Gloucester, the home loan offshoot of Lloyds TSB, told borrowers they could remortgage to a deal set at Bank of England base rate minus 1.01%. Interest rates had ... www.guardian.co.uk
- Mortgage crisis: We had it coming (The Triangle Online)
Some years ago, my son was thinking of buying a house in the San Fernando Valley and asked my advice about getting an adjustable rate mortgage. I told him to stick to the old fixed rate. Happily, he did. Recently, Alan Greenspan was asked about the adjustable rate mortgage - and sub-prime-driven housing bubble that has brought capitalism's house of cards crashing down all over the globe. www.thetriangle.org
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