I’m writing this as we wind up 2008 and head into the new year. This has been a very busy year here at ZipDebt, to say the least. This, of course, is a just sign of the times economically, and I’m expecting 2009 to break new records in terms of the number of people seeking assistance. It’s been so busy, in fact, that I’ve been delayed in writing about a few topics that I’d like to share my thoughts on. As time permits, I’ll be writing about the new rules imposed on credit card banks by the OCC. I also plan to write more about the financial crisis of 2007-2008.
For anyone looking to gain a better understanding of what happened to our economy, I highly recommend “The Trillion Dollar Meltdown” by financial writer Charles Morris. The book was published early in 2008, so it doesn’t discuss the stock market crash and panic that occurred in October 2008, but my understanding is that a revised edition will hit bookstores in early 2009, renamed “The Two Trillion Dollar Meltdown”! You won’t find a more lucid explanation anywhere, and if you’re wondering what the heck a synthetic CMO is (collateralized mortgage obligation), this is the book you want.
To my regular readers, clients, fans, (and critics too) — best wishes for a safe holiday and a Happy New Year!
Here Here, Charles. I’ve been meaning to leave you a comment or two and have been following your updates so this is one of my New Years’ resolutions, to do more!
Looking forward to more of your DIY Debt Settlement articles in 2009.
Here’s to hope for improvement in 2009.
Having said that, the reality is opportunists are like the whack-a-mole game, and every one you knock down seems to raise another to victimize people in debt.
If I had a dollar for every person who “discovered” the same old debt-elimination nonsense instead of taking your advice and dealing with the squaliformes head on on their own I’d be able to pay off my house.
Keep up the good work!
The Honorable Judge Roy Bean
https://www.loansharks.blogspot.com
Thank you, Your Honor. Keep up the good work yourself.
Readers interested in the debunking of debt elimination nonsense should spend
some time reading the “Advance Fee Fraud and Mortgage & Debt Elimination” forum
at http://www.quatloos.com, where Judge Roy Bean posts regularly, as well as his own blog.
Keep whacking those moles, Roy. Somebody has to do it…:-)
c omment by henry-1119am my wife and i are in our late 70,s our only in come is ss she is being suied by a credir card co . can they do any thang to collect this debe we are un able to pay both our in come is abt 1600 a month we need our money for meds and food what can they do they have judgement agence her now can they collect this debt thank u henry
Henry, income derived from Social Security is exempt from garnishment. However,
I still recommend you get some legal advice to deal with the judgment. See if there
are any legal aid services in your area that can advise you of any steps to take
to protect yourself, based on the rules for judgments in your state of residence.
Who is this Honorable Judge Roy Bean? I see him every where???
Edger, Roy is the “Hangin’ Judge” from Pecos, TX. 🙂
actually Judge Roy Bean wasn’t in Pecos, Texas. He was in Langtry, Texas, just west of the Pecos River, where the Pecos River intersects the Rio Grande. We was known as the “Law West of the Pecos” and issued decrees from his beer joint called “The Jersey Lily.”
joe the happy customer
Thanks, Joe. I stand corrected on my historical inaccuracy. 🙂