If you've had any occasion to see the ugly underbelly of modern consumer lending, you may find this book worth a read. Using psychology and behavioral economics Vyse explores why Americans are increasingly finding themselves in dire straits financially.
I recommend getting it from the local library and giving it a read. You'll think twice about what you buy, when you buy, and why you buy it.
If you read it, drop me a line and let me know your thoughts. You can also chat online with the author on 3/20 with Michelle Singletary from the Washington Post.
You may know I'm not a huge fan of the current administration. However, today President Bush signed into law an act that will help to limit some of the out-of-control profits that Big Banks have been racking up with the privatization of student loans. I am especially interested in this topic because I will be paying of our student loans until well after my children start college.