Thursday, February 12, 2009

Suze Orman still doesn't get it.

Suze Orman has a new book called 2009 Action Plan. I listened to the first part of the audio version and wasn't surprised when her "action plan" consisted of learning how to maintain your FICO score.

To her credit, she outline the whole process of bad mortgages and greedy/stupid borrowers, lenders, and investors got into this mess. She even talked at length about how leverage broke everything.

So why does she insist on telling people to maintain their FICO score by keeping credit balances low? Maybe consumer debt got us into this mess. Maybe she sells FICO score kits.

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