Archive for the ‘Video’ Category

I am a huge fan of Jon Stewart and The Daily Show and the following clip is one of the funniest things I’ve ever seen on the show.

To celebrate the dawn of the CARD Act era, TDS devoted a third of their show to kicking Bank of America and the credit card industry squarely in the teeth. This is truly must-see IP.

If you have any chance at all of getting out of debt you need to realize that paying just the minimum balance on your credit cards is a recipe for eternal debt servitude.

Don’t believe me (debt guru that I am?) then maybe you’ll trust the folks at the humor site Cracked.com, who have put together the following graphic that shows just how long it takes to pay off credit cards at a 2% rate.

Credit Cards on Cracked.com

Terrible things happen when common people feel pushed to the limit and unable to win in a game where the deck is stacked against them. This appears to be the case in the recent events that took place in Austin Texas where a man deliberately crashed a small aircraft into offices used by the Internal Revenue Service.  As it turns out, violence directed against the I.R.S. is all too common.

The same feelings of helplessness and anger boil over when people are put out of their homes as a result of foreclosure.

In the latest incident, an Ohio man took a bulldozer to his home instead of letting the bank get it in foreclosure proceedings. Terry Hoskins owed $160,000 on a mortage on the home, which was valued at $350,000. He told a local news affiliate that “As far as what the bank is going to get, I plan on giving them back what was on this hill exactly (as) it was. I brought it out of the ground and I plan on putting it back in the ground.”

Check out the video of the home before and after, and hear from Terry in his own words describe why he did it.