Posts Tagged ‘debt’

Book Review: I.O.U. by John Lanchester

Book Review: I.O.U. by John Lanchester

By The Banker | Book Reviews, Wall Street

In reading and reviewing John Lanchester’s I.O.U. – Why Everyone Owes Everyone and No One Can Pay I continue my quest for the best contemporary histories of the 2008 Crisis. One reason to study and understand a crisis like 2008 is to avoid repeating it.  George Santayana’s pithy justification for historical review – “those who [&hellip

Ask an Ex-Banker: Medical Debt

Ask an Ex-Banker: Medical Debt

By The Banker | Ask an Ex-Banker, Blog Posts, Personal Finance

Dear Banker, I have a question about medical debt. My 36-year-old sister just suffered a brain hemorrhage, collapsing at work and sent to the hospital. I am happy to say that she is expected to make a full recovery, but the treatment and ensuing hospital stay involved a week in intensive care, a neurosurgical “procedure,” [&hellip

Ask an Ex-Banker: Home Loans and Home Equity Lines of Credit

Ask an Ex-Banker: Home Loans and Home Equity Lines of Credit

By The Banker | Ask an Ex-Banker, Blog Posts, Personal Finance

Q. Dear Banker, My wife and I are planning an addition to our house. We need the additional space, but I do not want this project to stretch our overall budget. Since I have a specific idea of how much I want to pay, a rise in interest rates would cause us to make different [&hellip