In a week in which massive layoffs have taken place in some of America's biggest industries, three smaller signs of economic downturn: California's tax refunds are on hold, the Post Office is thinking of reducing delivery of mail by a day, and Starbucks is cutting back on decaf.
"This administration continues to strongly believe that a privately held banking system is the correct way to go, ensuring that they are regulated sufficiently by this government," White House press secretary Robert Gibbs said when asked about nationalizing the banks.
If the economy is taking its toll on your finances, and credit card bill collectors are calling you, or if you are facing foreclosure, help is here for you. Under the laws of the Fair Debt Collections Practices Act (FDCPA), creditors and independent collection agencies are under restrictions regarding their practices. If you are being harassed with threatening telephone calls, letters, and personal visits, The Baez Law Firm, P.C. can help.
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