Crisis

Surviving a financial panic -- lessons from the past

Posted October 13, 2008 - 05:44 by Philip Brewer

Personal Finance

Don't panic

Financial panics used to be quite ordinary. In the century or two prior to the great depression, there was a panic every 15 or 20 years. Since the great depression we haven't had a classic financial panic, until now. There's a thing or two that we can learn from panics past to help us survive the current one.

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Download the 451-page bailout proposal

Posted October 1, 2008 - 11:08 by Paul Michael

Personal Finance, Credit Cards, Consumer Affairs

tired of reading

Well folks, I hope you have plenty of time on your hands. The initial 3-page document that Bush and Paulson put forward has grown somewhat. It's hardly surprising, considering how much of a broad sweep the initial bailout plan was. However, you have to wonder how many people out there have the time, patience and understanding to read a 451-page economic document. But, if you want, you can download it right here.

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What's the big deal about banks refusing to lend?

Posted September 30, 2008 - 13:15 by Philip Brewer

Personal Finance, Small Business Resource Center

Men sitting on the steps outside a bank

Anybody--but especially frugal people--can be excused for thinking that the whole credit crisis thing is being overblown. After all, we get along without debt. In fact, we strongly recommend that others do so as well. If getting along without debt is the way to go, why make such a big deal over a credit crunch?

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