The Money Show

“…though as you start at the beginning of the show saying that Massachusetts is ahead of the curve which it is itself and it's gonna be slow Massachusetts to. …”

“…and if you see -- front page of the globe this morning. Massachusetts effect too recovers -- the rest of the country in terms of the recession job losses this slowing faster housing housing. Still …”

“…Let's go to Rhode Island and talk to pack era in 96 -- WTKK aipac. …”

“…you you are filling out a document which is going into a black hole. . So if you're gonna depend on this you know maybe flat five years from now that get back to you. Who knows …”

“…because she said love -- 20000 dollars you don't have to pay taxes on that. Candy you yeah. …”

“…My daughter is a freshman in high school but she'll be going to college in four years and then my son is since seventh grade -- begun to contradict your. …”

“…the top financial players in the country our very -- queen of mutual funds Einstein and investing -- Susan -- how are you Susan. …”

“…dean I think in his -- it is passing off of Cape Cod where. It would it would to blog by Senator Kennedy so maybe there's some. It may be distant connection who knows. But …”

“…article -- using an overview one in my. Biggest complaint about the credit card industries that they can market. Two. Students well they're gonna be and the cut back on that but the fact that. Parents lets -- get him get away with the city is is is amazing to me this this is from the -- McClatchy Tribune news service. Students and college this fall facing new financial landscape. When it comes to managing money not only if families and tighter budgets by credit card legislation passed this year. Begins to challenge how students handle credit. And that requires parents and students to rethink on pay expenses probably the biggest point there is that parents are always thinking about how they. They use credit cards so they pass the bad habits on to the kids. Starting in February credit card companies can no longer hand out cards to students younger than 21. The student must -- the age thing viscerally. -- is kind of a non issue and the student must now have an adult cosigned our show proof of income. Why that wasn't always the case is just insanity. On easy solutions have mom or dad. Cosigned the risk is high that in any mismanagement by the student such is not paying the bill reflect on the parents. . Credit history and her parents ability to get credit. In the future that the that the real solution is tell your kids you can have a credit card I mean. Kids kids in the -- college generation think it's their god given right. Democratic I never credit -- I had a job. Now I must admit I've abuse credit -- but I abuse and I co sign on him I had to make good and good on the my parents never cosigned. . On a credit card and and of and I asked -- you know -- Mexico signed on a credit car they would have looked at me like I have to to head snapped kids go off to college. And the parents you know say well we have democratic no kids don't have democratic art kids need spending money -- at at school let -- work I didn't I don't know why other people can AM back the article. If this is the only after the parent. Should make the bill -- Not the student. But the -- Again this is parent this is the the and they called the -- a helicopter. A generation of parents are hovering over the kids. One of the problems of kids these this generation nine arsenal adult part but. Is the -- are not. That the boomer generation won't let -- kids take responsibility grow up. It's also help monitor the student's expenses and holds the student comfortable. To a budget the bottom line is it it's gonna get a credit card than the parent for stuff kids in college have no right having credit -- If the parent wants them to have a credit card in lieu of sending them you know 500 bucks a month for all whatever for four. Spending money they use it that way but frankly. 500 bucks and -- month's spending money is probably a lot of money for any. Maybe this law. Is not such a bad idea in that opens the conversation. A budgeting between parent and child that's. Of all the things in the article is the one thing I agree with -- will get parents and children to start talking about that the problem again is far too many parents and if you -- you know that part too many parents are themselves not aware of the best way to use credit cards so. They may be passing along. Misinformation to the kids. One final note is that the new credit card bill doesn't start until February. Meaning the car and we've talked about this before the car companies have one last semester semester. …”

“…It's -- The credit card this is an article it was in the Boston Herald. Tuesday. Of this week and we talked about this before that the …”

“…for two year two years ago I would intelligent. To get a bankruptcy attorney. . And play hardball they don't they act like they're being nice and then they play hard ball so he can play hardball back one of the things that your home is in Massachusetts. -- one of the things that is. Possible that gonna guarantee this but one of the things is possible we talked about this back and we have one of the bankruptcy attorneys that we regularly and on recently on we talked about this where there isn't new. Its case -- in Massachusetts where if a bank or lender wants to file from -- Foreclosure than they have got to be it was show a definitive. Basically a line of ownership. In tape that. On paper not …”

“…Yeah attorney. . General -- have a bankruptcy attorney. . -- Seriously. In my experience. And the bankruptcy attorneys I've talked to in basically everybody I've talked to -- industry but who …”

“…it's across the board it's all kinds of things plus. On the housing market they feel the drop this over single family homes sales drop is over consumer confidence is -- In unemployment claims have stopped growing. On new homes Elton John and so united one after the other but basically that's now. …”

“…years market index CDs. Unlike traditional CDs which -- present interest rates for specific term. And index CD link to one or more financial indices that is the S&P 500. Is the index. To …”

“…of them are actually. Connected with the credit card of the company's creditors which means that your your. They act like there and we you're working your best interest but they're not. Panel and and even the ones who are neutral I've not not never found one that did a really good job the ones who people rave about it. -- look closely at what the debt so it's it's you know solution company has suggested is something that these people could have done themselves so -- let's just start start with that and this is I haven't come to this lightly but I've you know I've studied this and looked at -- over -- over ten years and I'm not -- all of the debt settlement -- debt. . Either solution companies I think you're much better off. If if if you're. Situation is relatively difficult but not terrifically difficult you better off doing yourself at your situation is terrifically difficult thing. What you gotta do is get it -- a bankruptcy attorney. . And by the way I'm not a bankruptcy -- an -- all I'm I'm just I I loved bankruptcy attorneys on the bankruptcy attorney I'm not. I've never having never will practice like you say never well but I I used to meet practicing. Bankruptcy -- is about one and one million so I just at. Bottom line is you better a few situations bad enough that you really need representation. In debt. . Settlement companies not to look before you -- …”

“…don't first -- call up. I yeah would deal with a yet debt such solution copy. …”

“…you do right eat it too quickly and we had the same. Health insurance problems the last. All eighteen years old week if it if in fact the government and fix the health care system which they yet. They can make some changes to state besides -- would be -- relatively easy and would would would save a ton of money but the fact that matter is it takes some time. What's the difference if we got a new good. Health Minister health insurance -- reform bill eight by September or by December or buy it by sept September or December of 2011. What's the difference …”

“…file when they wanna get paid for through insurance for some medical procedures they did and make them the the exact same just means that they. The top. And make him the exact same questions …”

“…to get higher returns absolutely not -- we have a vulnerability of interest rates going up and this. …”

“…That's been incredibly true. Is that our Massachusetts security regulators headed by William Galvin have done incredibly good job. And many many issues starting. …”