Clark Howard talks Madoff's ponzi scheme, good credit risks, foreclosures and Internet Explorer

Clark Howard talks Madoff’s Ponzi scheme, good credit risks, foreclosures and Internet Explorer

Interesting articles from Clark Howard’s website:

Bernie Madoff’s $50 billion Ponzi scheme

RIP-OFF ALERT: If Clark told you that he could serve as your investment manager and earn you a steady 10% year after year, would you believe him? That was the promise Bernie Madoff made in a $50 billion Ponzi scheme that he ran for decades. Read the full story.

Banks punishing even good credit risks with decreased limits

CLARKONOMICS: Our Consumer Action Center has been getting tons of calls from people complaining about big run-ups in interest rates on their credit cards and their lines of credit being greatly reduced.

In fact, one call came from a listener who had her interest rate raised to 58%! The old high we’d heard was around 40%. Read the full story.

Tenants can stay and pay in foreclosures until lease ends

Tenants in good standing are often unintended victims when a landlord faces foreclosure. You can pay your rent month after month, but what good does it do if the landlord isn’t paying the mortgage? You may come home and find you’re supposed to be out on the street in weeks or even days. Read the full story.

Internet Explorer has security flaw, use these browsers instead

If you’re like two-thirds of people, chances are you use Microsoft’s Internet Explorer to surf the web. But right now, doing so could pose a serious threat to your computer’s safety.

All versions of Internet Explorer have a security flaw that could allow hackers to gain access to your computer. Clark is advising people to stop using Internet Explorer until further notice. Try instead using Firefox or Google’s Chrome browser. Clark is particularly fond of the latter, which is designed to take advantage of the entire range of multimedia on today’s website.

Whatever you do, don’t access your bank or brokerage house from Internet Explorer until further notice. Once you get used to using Firefox or Chrome, you may not even want to go back!

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