Archives October 2009

In the News

Madoff Saga

October 29, 2009
The scandal's newest number? $21 billion lost by investors. View inside-the-operation stories as told by Madoff's earliest feeder (late '60s), Michael Bienes. One of our most fascinating interviews ever!
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Update

Still Waiting: Unfair and Deceptive Credit Card Practices Continue

October 29, 2009
"I think this new Pew report -- just out this week -- says it all." --Lowell Bergman, correspondent for the FRONTLINE/New York Times joint report The Card Game, airing November 24th. One hundred percent of credit cards offered online by the leading bank card issuers continue to include practices that will be outlawed once legislation passed in May takes effect next year, according to a new report by the Pew Health Group's Safe Credit Cards Project. The report also found that advertised credit card interest rates rose an average of 20 percent in the first two quarters of 2009, even...
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Inside FRONTLINE

The Making of 'Obama's War'

October 28, 2009
We've just put up some compelling behind-the-scenes footage and commentary from the producers of this acclaimed report. VIew it here--
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Flashback

Karadzic's War Crimes

October 26, 2009

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Update

Andrew Kahr's Response to Bubb and Kaufman

October 21, 2009
--Kahr is a financial services consultant Ryan Bubb and Alex Kaufman are wrong Whatever the merits of its other provisions, the new credit card legislation will not make bank pricing either more economical for consumers, or fairer to us. On the contrary, consumers will get less satisfaction from the more restricted set of card offers that will be available. Late payers will pay less in fees, and those who pay on time will pay more. People who borrow and don't pay are not, as Bubb alleges, paying for my vacation. Rather, they increase the rates and fees you and I...
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Update

A Fairer Credit Card? -- Priceless

October 21, 2009
--from Ryan Bubb and Alex Kaufman, doctoral candidates in economics at Harvard Industry representatives would have you believe that the Credit Card Accountability, Responsibility and Disclosure Act enacted in May spells the end of the credit card as we know it. President Obama's proposal last week to create a Consumer Financial Protection Agency to enforce the law has increased the industry's concerns. But the example of cards issued by credit unions puts the lie to these claims. Credit unions largely conform to the new rules already, while profitably maintaining the basic features that users know and love. The credit card...
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In the News

A Counter-insurgency War?

October 1, 2009
Should we be in one at all? A 24-minute rough cut of the first act from Obama's War. It's some of the strongest war reportage FRONTLINE has ever produced.
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