Consumerism Commentary

This informative group blog was honored by Kiplinger as a “must-read” blog and named as one of Yahoo!’s “Ten Money Blogs Everyone Should Read.”

Profile of Consumerism Commentary

Latest Posts from Consumerism Commentary (page 186)

Opening an SFGI Direct Savings Account Earning 2.25% APY (Updated)

It’s not every day that I find a bank account offering more than 2% APY, but as of October 30, 2009, I’ve discovered one thanks to a reader. “Ski Naut” contacted me yesterday to ask about SFGI Direct’s offer of 2.25% APY. I had not heard of the bank, so I looked into it. SFGI Direct is the online banking division of Summit Community Bank, based in Moorefield, West Virginia. […]

$50 Bonus for New Prosper Lenders

Peer-to-peer lending institution Prosper is offering a $50 bonus for new lenders who sign up for for the service and bid on two loans. Peer-to-peer lending is an interesting way for people to qualify for loans and to lend money to others. In an economy where savings account interest rates are under 3% or 2%, it’s tempting to put cash to better use through these direct loans. […]

GMAC Asking for a Third Bailout From Taxpayers

Through today, GMAC has received government bailout funds totaling $12.5 billion. The company is asking the Obama administration for $5.6 billion more. One might say that in a true democracy, GMAC would need to ask permission from each taxpayer whose funds would go towards shoring up the company’s balance sheet, a move that would make GMAC appear more stable on paper. […]

ING to Sell Online Bank ING Direct By 2013

Here in the Untied States, ING Direct, a banking arm of the large financial company ING Group from the Netherlands, offers more than just high-yield online savings accounts. […]

Hulu and the Subscription Model

This is an editorial by Smithee and a plea for your help in shaping the future of entertainment. At our house, we enjoy some Hulu programming on occasion. […]

List of Failed Banks, Updated October 26, 2009

As of October 26, 2009, over 100 banks have failed this year. Most of these are smaller regional banks who, in order to compete with larger banks, offered risky loans and are now facing customer defaults. […]

Seven Zen Principles to Guide Your Money and Your Life

A few years ago, I visited the Japanese Tea Garden in Golden Gate Park in San Francisco. Japanese gardens are designed precisely to appear natural, resulting in an interesting collision between nature and man. […]

Podcast 27: Man Vs. Debt and Frugal Travel

The Consumerism Commentary Podcast has now completed six months of broadcasts without missing one week. This is as good a place as any to declare the “First Season” of the podcast complete and begin the “Second Season.” In the premiere of Season 2, Tom Dziubek and Flexo speak with Adam Baker, the creator of the website Man Vs. Debt. We discuss Baker’s war on debt and its origins. […]

Net Neutrality Simplified

Depending on how you get your news, the topic of network neutrality can seem boring, or confusing, or both. Possibly you haven’t yet heard about it, or you’ve already formed an opinion. The reports I see are too often complicated, lacking reasoned arguments and full of hyperbolic guesses as to what the future might hold. […]

Pay Czar Ordering Bailed Out Companies to Reduce Pay

The executives of these companies had to see this coming. When a company is “too big to fail,” it becomes a public institution in senses of the phrase but the most literal. And for a number of banks and other financial companies in the past year, the public has become a partial owner thanks to infusion of cash from the government bailouts. […]