Comments on: Consumer Financial Protection Agency or Sense on Cents http://www.senseoncents.com/2009/06/consumer-financial-protection-agency-or-sense-on-cents/ Navigating the Economic Landscape Tue, 16 Mar 2010 22:03:40 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Meagan http://www.senseoncents.com/2009/06/consumer-financial-protection-agency-or-sense-on-cents/comment-page-1/#comment-4211 Meagan Sat, 15 Aug 2009 00:56:56 +0000 http://www.senseoncents.com/?p=6431#comment-4211 How does the govt think they can manage other peoples finances when people in congress can't mangage their own checkbook... I think I prefer putting trust in my financial institution before the govt any day. When are people going to wake up and realize the govt wants control of everything in our lives. We might as well kiss our "freedom" goodbye. How does the govt think they can manage other peoples finances when people in congress can’t mangage their own checkbook… I think I prefer putting trust in my financial institution before the govt any day. When are people going to wake up and realize the govt wants control of everything in our lives. We might as well kiss our “freedom” goodbye.

]]> By: Larry Doyle http://www.senseoncents.com/2009/06/consumer-financial-protection-agency-or-sense-on-cents/comment-page-1/#comment-2539 Larry Doyle Thu, 18 Jun 2009 19:08:16 +0000 http://www.senseoncents.com/?p=6431#comment-2539 First things first, thanks for the praise. I am glad you enjoy and appreciate my writing. On the other topic, nothing changes as rapidly as we would like. While many parts of our culture are severely lacking on important financial topics, hopefully future generations will get up the curve. If <em>Sense on Cents</em> can help even a little in that process, mission accomplished. Thanks again for the kind words. First things first, thanks for the praise. I am glad you enjoy and appreciate my writing.

On the other topic, nothing changes as rapidly as we would like. While many parts of our culture are severely lacking on important financial topics, hopefully future generations will get up the curve.

If Sense on Cents can help even a little in that process, mission accomplished.

Thanks again for the kind words.

]]> By: Mike http://www.senseoncents.com/2009/06/consumer-financial-protection-agency-or-sense-on-cents/comment-page-1/#comment-2536 Mike Thu, 18 Jun 2009 18:54:20 +0000 http://www.senseoncents.com/?p=6431#comment-2536 It's a shame, but most Americans are too lazy to learn and are very easily distracted by other things. Everyone hates their bank because they're all raising credit card interest rates even though we give them TARP money. TARP may have been a good idea if it facilitated lending but it was nothing more than a tightened leash around the necks of banks, and why wouldn't they want to get out of it as soon as possible? The only hope I see for America in the future is to become a major exporting power. (LOL!) The extent of our problems due to our rapid rise in debt/GDP ratio can be terrible in the next 30 to 40 years. Not only will BRICs become the new superpowers but we may even see a division of regions, or absolute worse a civil war... maybe I'm getting ahead of myself. As far as Americans becoming smarter financially, good luck. Why watch Bloomberg when you've got American Idol? Also, I've been following this blog for the better part of 6 months and it has been the best economic resource on the internet. LD, I can't thank you enough for the insight and for the detailed paintings of the 'bigger pictures' in all this mess. Cheers. Mike It’s a shame, but most Americans are too lazy to learn and are very easily distracted by other things. Everyone hates their bank because they’re all raising credit card interest rates even though we give them TARP money.

TARP may have been a good idea if it facilitated lending but it was nothing more than a tightened leash around the necks of banks, and why wouldn’t they want to get out of it as soon as possible?

The only hope I see for America in the future is to become a major exporting power. (LOL!) The extent of our problems due to our rapid rise in debt/GDP ratio can be terrible in the next 30 to 40 years. Not only will BRICs become the new superpowers but we may even see a division of regions, or absolute worse a civil war… maybe I’m getting ahead of myself.

As far as Americans becoming smarter financially, good luck. Why watch Bloomberg when you’ve got American Idol?

Also, I’ve been following this blog for the better part of 6 months and it has been the best economic resource on the internet. LD, I can’t thank you enough for the insight and for the detailed paintings of the ‘bigger pictures’ in all this mess. Cheers.

Mike

]]> By: JP http://www.senseoncents.com/2009/06/consumer-financial-protection-agency-or-sense-on-cents/comment-page-1/#comment-2525 JP Thu, 18 Jun 2009 12:27:27 +0000 http://www.senseoncents.com/?p=6431#comment-2525 With the federal gov't looking to take on a larger role in education policy, isn't this the ideal time to introduce some sort of basic personal finance curriculum into the school system, at least at the high school level? Some basic financial literacy could go a long way toward creating a more transparent lending system. Has anyone seen / heard / read anything about a program like this? With the federal gov’t looking to take on a larger role in education policy, isn’t this the ideal time to introduce some sort of basic personal finance curriculum into the school system, at least at the high school level? Some basic financial literacy could go a long way toward creating a more transparent lending system. Has anyone seen / heard / read anything about a program like this?

]]> By: J Grants http://www.senseoncents.com/2009/06/consumer-financial-protection-agency-or-sense-on-cents/comment-page-1/#comment-2520 J Grants Thu, 18 Jun 2009 03:13:36 +0000 http://www.senseoncents.com/?p=6431#comment-2520 Well, financial companies looked at easy profits even at the expense of their customers. It's just plain greed. They failed to see that when the customer loses out and can't pay back their loans, the financial companies end up not earning at all. Hence, the economic bubble simply burst. Well, financial companies looked at easy profits even at the expense of their customers. It’s just plain greed. They failed to see that when the customer loses out and can’t pay back their loans, the financial companies end up not earning at all. Hence, the economic bubble simply burst.

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