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Recent Interview
San Francisco KGO
with
Ronn Owens
Podcast link
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Quoted on
front page:
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Consumer advocate Nicholas Carroll is author of three previous self-help consumer books. He has been a writer for The Chicago Tribune and The Times (of London). He is interviewed on financial and legal issues on BBC, CBC, CNN, CTV, KABC, KGO, KIRO, NPR, PBS, WABC, WGN, and WOR. |
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By the same author: |
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Worksheets
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Economic stimulus for Main Street rather than Wall Street
Nicholas Carroll quoted in USA Today, May 16, 2011
Mortgage Debt Falls At Record Pace; Low interest, defaults leave cash to spend – May 16, 2011
"Americans are reducing mortgage payments at a record clip, directing cash that once went for debt into consumer spending and savings.
"Low interest rates, defaults and refinancings have shaved more than $100 billion off the nation's annual mortgage bill – an amount comparable to all unemployment benefits for one year or this year's Social Security payroll tax cut.
"This is a form of economic stimulus that goes to Main Street rather than Wall Street," says Nicholas Carroll, a journalist on consumer finance and author of Walk Away From Debt for a Better Future. When freed from a mortgage payment, people's first purchases tend to be necessities, such as socks and underwear, he says."
Full article at USAToday.com....
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