One Of The Most Important Financial Tools For 2009…

The costs of the ongoing credit crisis have been well chronicled. But there’s a bright spot, too.

In a crushing blow to lobbyists, bankers, and loan intermediaries, the credit crisis and the accompanying collapse of the securitization market may actually force a top-to-bottom overhaul of this country’s much-maligned student loan system.

If that happens, prospective student borrowers may no longer have to face a lifetime of indentured financial servitude, and the U.S. higher education system may finally get a long-overdue makeover.

When it comes to the ongoing financial crisis – of which the frozen credit markets are a primary casualty – one of…

The Word on the Street

A lot to talk about today…

The “word” on the street is “subprime.” According to the American Dialect Society, it’s the most important new word this year. Along with “jingle mail,” “exploding ARMs” and “liars’ loans,” it came into the popular language recently…and now everyone uses the term “subprime” to describe anything that is cheap, low down, or deceitful…says the ADS.

We also want to talk about the collapse of gold and commodities…

About the coming surprise to investors…

And more about the fraudulent economic model America has been flowing for the last quarter century…

But first…something important:

“You’ve ruined my summer,” said Elizabeth over the…