Americans have started buying again; this past December, they pulled out their credit cards, and charged their holiday gifts. There's currently $800 billion on credit cards. This may be good for the economy, but it is it good for your wallet?
A former Swiss banker facing charges back home says he has details on 2,000 account holders who allegedly are evading taxes. The former banker says he wants to reveal all, but he's doing it through WikiLeaks. The World's Laura Lynch reports from London.
Some insurance companies are offering microinsurance for the poor, especially for health matters, meant to protect the poor against financial disasters caused by illness, death or crop failure. Reporter John Otis has the story from Barranquilla, Colombia.
The last time bankruptcies happened so frequently was in 2004, when consumers were trying to preempt strict laws that would steer them away from the financial option last resort. Why is the 2005 law failing to slow the rate of bankruptcies?
We come back to an ongoing conversation as regards debt and unemployment in America. Southfield, Michigan bankruptcy attorney Clinton Hubbell joins us to discuss what exactly the federal bankruptcy code says, and how it protects you.
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