Collection industry changing, debt collectors multiplying.
Have you ever been contacted by a debt collector? Chances are growing that you will, especially if you're among the millions of Americans in arrears on credit card debt, facing mortgage foreclosure or defaulting on student or auto loans...
The crisis is likely to make traders take riskier decisions to avoid losing money
IT HAS long been known in financial markets that people are so reluctant to lose money that they will take big risks to avoid it. If you give the average person a 90% chance of winning a little money or a 10% chance of winning a lot, he will most likely take the option that offers him at least a little bit of cash. But offer him a 90% chance of losing a little money or a 10% chance of losing a lot, and he will opt for the latter. A recent study finds that stress exacerbates this...
In a guest article, Raghuram Rajan argues for a regulatory system that is immune to boom and bust.
AS THE G20 summit showed, we typically regulate in the midst of a bust...
Is the US Russia? The question seems provocative, if not outrageous. Yet the person asking it is Simon Johnson, former chief economist at the International Monetary Fund and a professor at the Sloan School of Management at the Massachusetts Institute of Technology...
Three money managers who invested during the Great Depression offer perspective on today's markets...
As long as the system worked, few questioned it
Japan’s booming economy suffered a sharp shock in the 1990s. Ten years on, despite greater prudence, the current world crisis has caused another tumble due to the drastic drop in its exports...
Bloomberg reports that, according to analysts over at Oppenheimer (clearly trying to jump into the shoes left empty by Meredith Whitney), Bank of America will need to raise $36.6bn in equity, after a slew of expected additional writedowns...
Ask about our services info@cmspeople.com
® CMS | Credit Management Solutions S.A. | All rights reserved