Tim Eriksen

No End in Sight to Banking Crisis

The only thing more illogical than the writing of the author is the fool who posted as credit-card cap.com. A quick glance of the site shows a person completely ignorant of finance. For example he says to look at your credit card statement if you carry a balance. If the amount of interest you pay exceeds the amount of principal then, he says, you are paying more than 100% interest. What??? Try looking at your mortgage statement, by his logic a new homebuyer is paying nearly 1,000% interest. Grab a clue about basic math, please.