February 16, 2009


Posted: 07:36 PM ET


Hi Everybody!,

Welcome to Monday.  Now the markets were closed today, but that doesn't mean the economy news stops.  Tonight we focus on ways the economic stimulus bill will affect you.  Do you have a question about your own personal financial goals?  Ask away.  We're going to be blogging during the show, and look for answers to your questions on the air.

Got a question for Suze Orman?  You're in the right place.

Filed under: Larry King Live

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Fisherman153   February 16th, 2009 8:16 pm ET

I have a $42,000.00 house mortgage, at 6%, I can pay it off tomorrow if I wish. I have a few bucks saved, and I wish to know, where is a safe place for those few bucks that I have saved. I'am 65yrs old, and I'am looking for a monthly income from my investments. I' have no other debt other then my mortgage.
God Bless Always
Fisherman 153

Bill   February 16th, 2009 8:30 pm ET

The best way to save money and make money is to

Maureen   February 16th, 2009 8:31 pm ET

C + I + G + X = GDP

Let's stay focused on the macroeconomics of the stimulus package and educate the electorate rathers than inflaming the masses.

angelina from nj   February 16th, 2009 8:43 pm ET

never had credit card debt, Larry..what happened? who do we blame? the people who overspent? wall st ? not understand..2.....80 yr old seniors...retirement fund is almost gone.

richard   February 16th, 2009 8:57 pm ET

sorry my question is "where is lou dobbs"? darn it; is he on cnn? when?

Jo Ann, Ohio   February 16th, 2009 9:03 pm ET

Larry, Ask Suze why we should listen to these financial experts when they didn't even see this coming?

angela   February 16th, 2009 9:05 pm ET

This octo mom situation is beyond OBSCENE. She is getting all the media attention she wanted. What normal mother has a PR person? The PR rep justs wants media too. Again, totally obscene and immoral, beyond my comprehension.

Jo Ann, Ohio   February 16th, 2009 9:05 pm ET

Larry, This is off topic, but why don't you ask this publicist why she lied to you about Suleman being on public assistance?

angela   February 16th, 2009 9:06 pm ET

Yes, we do KNOW HER, you know people by their actions.

tani perinoni   February 16th, 2009 9:08 pm ET

There is a public outcry over the octuplets because it is US – the taxpayers – who will bear the financial burden of delivering these children and raising them. It is irresponsible to perform fertilization procedures on someone who is unable to financially support the resulting child or children in this case, and pass the responsibility on to the taxpayers.

Joe   February 16th, 2009 9:09 pm ET

This woman treats her uterus like a "clown car" by deliberately going out of her way to have 14 kids on the public dime, and she doesn't understand why working taxpayers have a problem with that? Does she have a clue about reality?

Anna   February 16th, 2009 9:10 pm ET

The interview with the octomom PR person is a joke. Ask her about the website she has begging for money, what's this bs about Nadya not having an email. Ask her about Nadya getting foodstams and 3 of her kids getting money. Ridiculous.

Roger   February 16th, 2009 9:11 pm ET

Why does CNN have the non-stop flipping/twisting/box at the bottom of the screen? It takes your eyes away from you and your guests and is so unnecessary and distracting! Give it a rest!

Chris   February 16th, 2009 9:12 pm ET

What assurances do future and existing clients have that you stick by them when the going gets tough?

Sounds like you care more about your pocket than your clientd

angela   February 16th, 2009 9:14 pm ET

She doesnt really have a "story", per se, she let a vulgar immoral Dr put something in her uterus, end of story. She clearly wasnt thinking about the kids she already had, why is this PR woman defending this? This is why our country is a mess.

James in Kamiah Idaho   February 16th, 2009 9:15 pm ET

Dear Larry,

Since you started off with Nadya Suleman, I will start there...

It IS unconsciounable that she had so many children as a single mother, and it is terrifyingly unconsciounable that she did so under her retired and aging mothers roof, without a job to reimburse her mother in her golden years, as well as her father, and to have so small a home for so many children. She doesn't deserve death threats as noone does, but she should have not only the new 8 taken away and placed in PROPER care, but also have the two or three, I can't remember which, with disabilities so that THEY may receive PROPER care.

What IS sick, is that she speaks the truth in her thoughts, and that truth shows only obliviousness on a gross scale of what life she's forced these children to take on.

Her mother and father won't always be around, then what will she do?

My personal opinion is this..

There is a growing movement among young women to use their bodies to gain money, whether through sex or fleecing the government for goods and services and it is promoted through vsarious websites, or at least those websites do really nothing to stop such assinine conversations, and then you have things liek the pregnancy pacts at that high school that has just gone under the radar, and may likely remain there.

Bill   February 16th, 2009 9:16 pm ET

I'd rather see this Mom get a few dollars than baseball players getting 150 million dollars. Baseball players could fix the economy and pay off the national debt if they all chipped in a small part of their salary.

godwin   February 16th, 2009 9:17 pm ET

hai larry,
We are not against all the cute babies of nadya...All media should stop giving pubilicity to this mentally challenged lady.American people are not going to kill anyone and all are only against this mentally challenegd mum who want to make some money.If she normally gave birth to 8 or 10 child we are all ready to support her.we americans are not against the kids or getting pregnant ..but only against this mentally challeneged woman.if she dnt have any kids and its ok for every one to go for IVF .This all look like not anyone else mistake all this happen and only becouse of her all this happened

thanks and pls stop giving publicity for this woman..

Jennifer Leigh Neufeld   February 16th, 2009 9:19 pm ET

If you are going to make reference to Canada's Dionne Quints then do your research please! The reason that people are up in arms about this mulktiple mom are three fold. One, she CHOSE to have so many babies. The Dionne Quints were not invitro. She is going to make money off of the multiples. The Quints lives were ruined by being put in display for the woreld to gawk at. And three, you cannot possibly give enough love and attention to 14 babies – especially without a patner and outside help and in the end analysis, Nadia's coices were ALL about her!

Mark   February 16th, 2009 9:19 pm ET

I already mailed Arnold . We need to go in and take all 14 kids
away from this sick women. I also believe in making the doctor
help pay for the kids. He had no business helping her have eight
kids. I believe taking the kids away and giving them to parents
that can afford to take care of them will help the kids and taxpayers
in the long run.


Larry...Big Fan...

Pat, Miami   February 16th, 2009 9:19 pm ET

Larry , You and the PR person need to take a V8. Are you kidding me, you don't understand why America is so upset with this woman. She has spent thousands of dollars to have children she can not afford. Now do you get it.

Ellie   February 16th, 2009 9:20 pm ET

Please tell Joann – while I think it is terrible that people are sending death threats.... It is also repulsive to her to pint to America as the culprit!
In response to these threats she says "What is wrong with America?"

There is nothing wrong with America Joann - You have had a minuscule portion of the population respond to you. Again I think it is terrible but it is certainly not representative of America!!

Carol   February 16th, 2009 9:20 pm ET

There was a website set up for the octuplets mom for the public to donate money. Now, the pr woman just said she gets death threats and so does the mom, but it does not matter because the mom does not have a computer or email-Who was to get the donations?

lucille   February 16th, 2009 9:20 pm ET

Hi Larry and Susan

I am wondering if investing in gold is a good thing right now?


brian kenney   February 16th, 2009 9:21 pm ET

Suze" Don' you think that some stimulus should be given to households in order to help pay off debt (this could be a proviso) This would in turn help the little guy and the banks

James in Kamiah Idaho   February 16th, 2009 9:21 pm ET

Dear larry,

Question for Suze Orman...

If a person has the choice between an affordable and recently foreclosed property, and a new, or unendangered, but relatively inexpensive one, which direction do you recommend they go in? Do they opt for the foreclosed one, possibly putting themselves in a position for that foreclosure to be "saved" and returned to the previous owner/buyer, or the unendangered one that's just been available and inexpensive?

gerda   February 16th, 2009 9:21 pm ET

i am almost 40 years old. i contributed the max in my retirement 4. 1k. right now 70percent in safe plan. 30 percent in stocks. what changes should i make with my retirement invesment right now.

John   February 16th, 2009 9:21 pm ET

How long will the economy stay like this? How long do you think the markets will stay down?

susan haas   February 16th, 2009 9:22 pm ET

susie what would you do with your money now!

Ed St. Clairsville, OH   February 16th, 2009 9:22 pm ET


How do you stay out of debt if the car breaks down, the furnace goes on the fritz or you lose your job and have to refinance? Just some thoughts.

thank you,


Deborah   February 16th, 2009 9:22 pm ET


Since Valentines Day, I am credit card debt free! I paid off all my credit card debt after years of being in debt. I am secure in my job and would be able to pay for a badly needed renovation in my condo, which is also an investment. The thing is I have not yet built up a savings, but the upgrade is quite necessary. Should I go ahead and finance it for this year? I have very good credit and still have access to good credit.


Rob   February 16th, 2009 9:22 pm ET

I am a 28 year old... college degree and with a job that I have had since I graduated in 2004. I currently save around 500 or so per pay check (every 2 weeks) Where is the best way to start putting my savings, esp since the stock market is so unsteady right now?

– Rob

Bonnie   February 16th, 2009 9:22 pm ET talk about not getting into the stock market with money
you can't afford to lose. What if you are a senior who has already
lost 30%. Do you get out at the bottom OR stick it out?
I am 65 and have lost over 1/4 million with a total retirement
that WAS 750,000.

Yolanda   February 16th, 2009 9:23 pm ET

What does this stimilus package mean for individuals who may apply for cobra insurance. How much will it lower the current cost for a individual?

Myworld33   February 16th, 2009 9:23 pm ET

My mortgage interest rate is currently 7% what can I do to lock in a lower rate when my lender is not willing to work with me and can't afford to refinance?

Alyson Zildjian   February 16th, 2009 9:23 pm ET

Please tell me, how were the credit card companies allowed to charge such outrageous interest rates? My WAMU card increased my APR for no reason that they will tell me. Due to the merger coming up, no one will talk to me. I have had the credit card since 1999 and never had a late payment. How are they able to get away with this. My credit card monthly payment is more than my car loan.
Please help

Lisa Adams   February 16th, 2009 9:23 pm ET

What does Suze think about Exchange Traded Funds for new investors? I have the equivalent of a $10,000 401k (in Canada we have a different name for them). Am I too new at investing to get involved with ETFs?

Joe Golla   February 16th, 2009 9:23 pm ET

CNN has had experts on saying these bailouts will cost each family/household over $100,000.00 and will take generations to pay off. Why give this money to the corporations? Why not give directly to us the taxpayers. Can you imagine getting $100,000.00 to pay bills? Everyone would be out of credit card debt! I could be totally debt free! Give the money to the people who need it! They could pay off their homes!

Susan Truscott   February 16th, 2009 9:23 pm ET

Back to NadialSuleman and the issue of "welfare" vs not using welfare. Please ask her how she intends to pay her hospital bill?

Without a doubt her hospital bill (and the ongoing medical care that will be required for the premi- babies) will be picked up by the American tax payer.

Some one please ask her that question and let's be done with is issue!

Chris   February 16th, 2009 9:24 pm ET

I'm a 22 year old college grad working in a live-in position with no living expenses (except for a car payment). With a salary of 21,000 I want to know the best place to begin my savings and investments. My employer offers a 10% match for a 401k but I have yet to contribute anything. I have no student loans either.

Dave   February 16th, 2009 9:24 pm ET

Suzie if we used the stimulous and bailout money to pay every american's mortgage off wouldn't that stimulate the economy?

JIM   February 16th, 2009 9:24 pm ET


Doug   February 16th, 2009 9:24 pm ET

My daughter purchased a house first time home buyer In July of 08.
Will they make the new 8000.00 credit retroactive to 08?
What they offer now in 08 is a 7500.00 no interest loan.

Sue   February 16th, 2009 9:25 pm ET

Ms. Suze Orman,
Love your show on CNBC. My question to you is that I have no credit card debt and lately I use cash or debit . If I do use the debit card and it has not happened but if it is negative account, does my FICO score get affected?
Thanks for all your advice.

Cheryl   February 16th, 2009 9:25 pm ET

My husband and I have been advised by a wealthy friend to get a cash-out refinance. Our plan is to borrow $200,000 on top of the $130,000 mortgage and then invest the money is NY State bonds and index funds. Our income here in New York is about $160,000 and we have no debt. plus $120,000 in a 401K. Would we be crazy to get a cash-out refi or crazy not to?!

Jennifer Leigh Neufeld   February 16th, 2009 9:25 pm ET

If you are going to make reference to Canada’s Dionne Quints then do your research please! The reason that people are up in arms about this multiple mom are three-fold. One, she CHOSE to have so many babies. The Dionne Quints were not invitro. Two, she is going to make money off of the multiples one way or another. The Quint's lives were ruined by being put in display for the world to gawk at. And three, you cannot possibly give enough love and attention to 14 babies – especially without a partner and outside help. In the end analysis, Nadia’s choices were ALL about her needs and not her children. The poorest reason for being a mom but one that many women choose to do altho one at a time...

Amy   February 16th, 2009 9:25 pm ET

My parents are considering buying a second home in Arizona. The foreclosure market has made buying a home a possibility for them now because of the price decrease. They have the ability to pay cash for the home but are wondering if they should wait because of the current economy. They are age 62 and 59. They have other money in retirement but the home will take about 30% of their savings. Should they wait or buy now?

Amy in Flagstaff, AZ   February 16th, 2009 9:26 pm ET

Hi Suze. I'm a college freshman at Northern Arizona University and I love what I'm studying and my new life and all the people I've met, but my tuition is so expensive that I don't know if I can afford it. With my FAFSA loans I still have to pay $14,000. Any ideas on how to be able to stay at my school? I can't imagine having to leave. Thank you.

Renee Mathison   February 16th, 2009 9:26 pm ET

During his campaign Pres Obama stated he did not agree with taxing unemployment benefits. When the stimulus package was first talked about it was proposed 2008 unemployment benefits would not be taxed with a break on taxation in years 2009 and 2010. Now all I hear is the relief in 2009 and 2010 – what about all those people who got hit hard in 2008 when this whole mess started? Why not help those who have been struggling for months.

Julie   February 16th, 2009 9:26 pm ET

I am a single mother of a freshman college student. I have $1000 extra each month after my bills are paid. I was advised to invest more ( above my matched 3%) in my Simple IRA through work to reduce my taxable income for financial aid purposes. What do you think?

Dr. Tom   February 16th, 2009 9:26 pm ET

Hi Larry,

The reason that the world was so enthralled with the Dionne quintuplets (who were born in Ontario Canada) was that they were 5 identical girls! Only one egg was fertilized the natural way and it kept splitting into 5 identical girls. Society seems irritated that, in the current case, the 8 children were all in-vitro and that supports were not in place.

Diana   February 16th, 2009 9:26 pm ET

We have a mtg. with a $117,000. bal. @ 5.2% . Should we pay it off? Have an IRA med. 5fig. Living on pension/soc.sec. Diana

Jo Ann, Ohio   February 16th, 2009 9:27 pm ET

Suze is not being realistic. If people only bought what they needed the economy would be even worse than it is now!

Larry should ask Suze if she only buys what she needs.

Carolyn Wilson   February 16th, 2009 9:27 pm ET

I lost about 40,000 in my Mutual fund account. Do I need to take the remaining 75,000 out and where should I put it. I'm 54 and still under the retirement penalty , Where can I put it.

Monica   February 16th, 2009 9:27 pm ET

My husband lost his job and our family of 4 is trying to survive on $45K a year. We are unable to pay on our credit cards right now. Is there anything we can do or should we just file for bankruptcy?

Gary   February 16th, 2009 9:27 pm ET

I have a Capital One Credit card for more than 10 years with the interest rate @ 7% and now suddenly, got a notice saying that they are increasing to rate to almost 17% without any reason. I have never been late in making payment, always paid in full, has never paid an interest for late payment for the last 33 years. Moreover, I am even paying $19 a yearly fee but stop using for a while since they completely changed the mileage accruing plan however, kept it active. What would you be your advice, should I close the account since I have other credit card that I been using regularly? How much would it effect my credit rating?

Please advise

Pete   February 16th, 2009 9:27 pm ET


Do you "really believe" and I mean deep down believe, that Washington and Wall Street, with the banks, can really lead us out this recession??

H Hart   February 16th, 2009 9:28 pm ET

I have an investment property with a 10 year interest free mortgage $315,000.00 and the value of the home has decreased. to about $190.00. It is hard for me to rent the property. I want to sell the home but I will still have about $115,00.00 dollar in debt if I sold for the market value. What should I do?

Clint   February 16th, 2009 9:28 pm ET

My wife & I are retired–I'm 80 & my wife is 68. And we don't WANT to have to go back to work! No mortgage, no credit card debt (beyond this month's). But we've already lost about 1/3 of our savings/investments, & every month the remainder gets smaller. What can we do to stop the bleeding?

Joanne   February 16th, 2009 9:28 pm ET


Mrs. D. Welch   February 16th, 2009 9:28 pm ET

If the BANKS want a bail out – then require them to go through
the fine tooth questions/answers and all other requirements
that every (other) citizizen has to experience... In essence, we have to prove that we don't need the money... And must have collatoral..

sean brizendine   February 16th, 2009 9:28 pm ET

hi larry please ask suze if a person has a million dollars what should he or she do with it?
"sean in santa rosa"

Deborah   February 16th, 2009 9:29 pm ET

I would like to know if I should file for bankruptcy. I am $240,000 in debt with $189,000 of it in my mortgage, the rest being credit cards and a HELOC. I am a single mom who makes $60,000 a year. What options do I have?

H Anderson   February 16th, 2009 9:29 pm ET

Hi Larry / Suze,

Suze, I know you don't encourage loans from 401ks. Here is my question: I have 4700.00 @ 9.90% line of credit, 4900.00 @ 13.9 credit card and 18,000 @ 13.9 timeshare (which I am trying to sell/rent). I am considering taking a loan from my 401K to pay all these off and pay back the 401k loan in 5 years @ 3.55%.

Thanks and regards,
– Heidi

randy   February 16th, 2009 9:29 pm ET

My wife and i are 56, no savings and a 150K house with a 8 percent mortgage with 50K left and 2 car payments. I just inherited 120K. Should i pay everything off then invest or invest?

Rob   February 16th, 2009 9:29 pm ET

CNN.. i think you should air Bonnie's question and mine together. It would be a great contrast to viewers for the different type of investing and savings that various generations will have to apply their thinking. My situation is of a 28 year old trying to start a savings for the future, while Bonnie is trying to save the money. re-invest for the future!

please!! Rob!

Sam Hason   February 16th, 2009 9:29 pm ET

I have significant disposable monthly income. Should I stay liquid or start contributing to a Roth IRA. I already contribute to my 401k and maximize my comany match.


Martin   February 16th, 2009 9:29 pm ET

Do you suggest Mutual funds at this time?

mary   February 16th, 2009 9:30 pm ET

Like Fischer – we have 40,000 left on our house. But we have it under a line of credit wherein we pay 150 -160 a month interest only when we can't make payments like now. Our small bus. is really struggling. Should we take money out of our 401K to pay it off? We may need to draw from our 401K just to make it through the hard times. Thanks. mary

Julia in Fremont, CA   February 16th, 2009 9:30 pm ET

Question for Suze,

I have a gift trust that was bought for me when I was a baby and it matures when I turn 25 which is this May. My grandparents bought it in Kansas and I live in California. They tell me to wait to take it out until the Economy gets better. I on the other hand disagree and should take it out in May. What should I do take it out in May or wait until it the economy gets better?

Suzi Treganza   February 16th, 2009 9:30 pm ET

My husband and I bought a condo a little over a year ago in Stockton, CA. Our finance company has been very uncooperative in discussing loan modification – we lost over $70,000 in value. Where can we look for legitimate help for loan modification?

MARIA KANTO   February 16th, 2009 9:30 pm ET


Mark   February 16th, 2009 9:30 pm ET

Suze!!!! What do you think will happen with the price of oil
and other commodities with this $800 bailout cutting the value
of the dollar ??? I bought Euro's at the IPO of the currency and
now I been buying more oil....

Lee Cook   February 16th, 2009 9:30 pm ET

I need to know about recharacterization . I tranferred 25,000. from
an IRA to A Roth IRA and lost it all. Can I do the recharacterization
in 2009 for something donein 2008? What forms do I need to do this?

Rob   February 16th, 2009 9:31 pm ET

How are you going to pick BONNIES right next to my question! come on!!!

Jennifer Leigh Neufeld   February 16th, 2009 9:31 pm ET

Vis a vis Suzy Orman's mother founded a hospital thrift shop 40 years ago so we all grew up with 'hand-me-downs'. But I was always and continue to be one of the best dressed and fashionable women around and at a fraction of the cost. All those women who cast off a two hundred dollar designer piece after wearing it once falls in my lap for a dollar.!

My motto is everything used and one comes in (of anything) one goes out. Works like a charm. Try it.

Elaine   February 16th, 2009 9:32 pm ET

My husband and I are both 60yro. I am reitred but my husband isn't. Should he still be putting money in his 401K?

Carmella   February 16th, 2009 9:32 pm ET


Are EE Savings Bonds an oky investment. I never hear you talk about them?

Tom L   February 16th, 2009 9:32 pm ET

Suze.. do you think it is a good idea to sign-up for whole life insurance with cash value build-up or invest in funds outside 401K, when it is fully funded. Also, do you advice variable universal life insurance investing in the funds would be a better option.

Chris   February 16th, 2009 9:32 pm ET

when you say good interest rate. What is the magic number. I currently am at 6.7% what reduction would benefit the most?

Lois   February 16th, 2009 9:32 pm ET

Hey Suze,
I have about $100,000 in cash and $20,000 in mutual funds. I am 25 and have no debt. Would this be a good time to invest in the stock market? How should young people diversify their portfolios?


Diane Williams   February 16th, 2009 9:32 pm ET

Hi, I am 64 years young; was laid off from my job in May 2008; I have less than $100,000 in an IRA; I have $12,000 credit card debt and owe $48,000 in student loans; and I'm about to file for social security; I have my own not-for-profit business which is funded by the state of NYand currently earn less than 1/2 my prior income; I've lost approximately $15,000 in the stock market, so I moved my money into a money market until I can decide where it should go.

Where should I put my money? How should I use my social security income? You can notify me my email or, if possible, via TV.

I am hopeful that my business will grow and I will be able to become debt free. Thank you!

R   February 16th, 2009 9:32 pm ET

Does the PR woman really believe that Nadya is using good judgement. She had 6 children; 3 with special needs. If the other eggs took so fast, why would you think that placing 6 eggs would not take. Nadya said on one of the other procedures, it took the first time.

When King asked the PR lady about the plastic surgery thing,she said I have to believe what my client tells me. So you other clients must know she is still representing Nadya. I feel the children best interest should be consider. Nadya can not take care of 14 children under the age of 7 even if aid is provided. CPS should look into this for the safety of all 14 children.

Peggy   February 16th, 2009 9:32 pm ET

Larry, I can't understand why there was much opposition passing the stimulus package. The fact of the matter is that the so-called "pork" spending is actually going to help the U.S. Who do you think will benefit from the money the government is spending to refurbish the infrastructure and making buildings energy efficient? Small businesses, people! This is NOT rocket science, it just makes sense!

john dunbar   February 16th, 2009 9:33 pm ET

With all the borrowing for the stimulus, wha5tbare the chances we'll get hyperinflation?

Shauna   February 16th, 2009 9:33 pm ET

Hey Suze!

My name is shauna from Nutley New Jersey. I have what seems like a simple question, but as a first time renter is a bit confusing. My college roommates and I recently recieved our lease aggrement for a house next year, and in the agreement our landlord states that he will be holding our security deposit in a personal account of his that will in turn gain interest. We were wondering if this is common practice or if we should negotiate a different way of holding this desposit?

Shauna Ammendola

Chris   February 16th, 2009 9:33 pm ET

Suze.. I'm one to save my money, but dont you think we should be spending money to keep jobs and the economy moving?

milton   February 16th, 2009 9:33 pm ET

Hi suzie,
Is there going to be any relief for upside down mortgages? Pls do tell

Chad Hoover-White   February 16th, 2009 9:33 pm ET

I have a few thousand dollars in collections and credit card debts on my credit report. I find it hard to get them paid off so my credit score can go up.
Is there any place I can go for help?

Tasha   February 16th, 2009 9:35 pm ET

I understand that Suze did not directly address the part of Larry's question about tipping no more than 15%, but she did agree that people need to start cutting back on spending (obviously). I would like to SCREAM that if you cannot afford to tip your server, don't go to a restaurant where you have to tip! Servers are feeling the economic strain just as much as everyone else, and they also need to tip out from your tip, so at the end of the night if their tips average 15%, they have to give away approx. 3% of those tips, so they only make 12%. A lot of people don't understand that although servers make $2.83/hr, their paychecks are rarely over 20 dollars, due to taxes and claiming tips. So, please, do not go out to eat if you cannot reward your server for the work they are doing–it's how they pay their bills, just like you, except they don't have a fixed salary.

ted   February 16th, 2009 9:35 pm ET


waiting for your Madoff show!!!

would be a great financial show...what's the hold up?

thought this would be a great concept, could have tons of shows...

let us know


Carole   February 16th, 2009 9:35 pm ET

The banks wanted the public to stop using cash and start using credit card to pay their bills back in the 70's. They use to stress it when I worked as a collector for a major bank, one of them that is looking for a bail out from the government today. I think that was a stupid move 30 yrs and I haven't changed my mind. I knew it was just a matter of time when the bottom was going to drop out of the market and the greedy CEOs were called on the carpet.

Deb Cuddhy   February 16th, 2009 9:36 pm ET

I have a couple of hundred thousand in cash. Afraid of the banks. Do I buy gold? It's so high right now but could end up even higher. How safe are the banks, anyway?? This is all the money I have and I have no home since being laid off!


MARIA   February 16th, 2009 9:36 pm ET


Christiab   February 16th, 2009 9:36 pm ET

Hi suzie
My wife and I bought a house in 2006. We put down more than 20% upon the purchase.When we bought the house we looked carefully and find that we could afford it without spreading ourself too thin. We both have good jobs and are very careful with our money.

Now things have change, the economy in Hawaii as taken a turn for the worst, people are cutting there vacations and also all the incentive group that use to come are now canceling in fear of being criticize by the taxpayers. My wife and I have seen our wages reduce dramatically and we are now living paycheck to paycheck. It is absolutely terrible, the only thing I can think about is "am I gone a be able to make enough in the next 2 week to cover our expenses" so far we are barley scraping by, thanks to our safety net which is now depleted.
I have now a few more months and then I will start being in trouble. I notice the rate for mortgages being about 11/2% lower than my present rate, I talk to my broker and he calculate a $500 to $600 saving per month if I was to qualify, but because my house has dropped in value, I can no longer qualify for this rate. Can you in your package include a clause for folks like us. If I was just able to refinance(I would pay for the charges) I would not have any trouble to stay a float for the next few years until the economy restart..
Will this bill help us, We really want to keep our home

Howard   February 16th, 2009 9:36 pm ET

how much money, would go into the goverment purse, if the penny
( 1 cent ) was eliminated example; any thing costing $5.92, would
cost $5.90--anything costing $5.93, would cost $5.95 etc.
I think it would help alot, and no one would really feel the difference.

Alyson Zildjian   February 16th, 2009 9:36 pm ET

You say make every penny count! My husband and I both work. I am always trying to work extra jobs on the weekend just to be able to pay all my bills and feed and cloth my kids. We don't make enough money to save. How do you propose we save money when there is barely enough to pay our bills ever month

Sean   February 16th, 2009 9:36 pm ET


You often talk about having an emergency fund. I have saved some money which will pay 6 months of my monthly expenses should I lose my job. However, this money is in my checking account. Where should I keep this money? What kind of savings account would you recommend to keep this money?

Thank you for your time.


jim salim   February 16th, 2009 9:37 pm ET

SUZE I'M 50 now and have a whole life insurance policy what should i do with it now since you said that whole life insurance is bad what should i get as soon as possible thank you

Dave   February 16th, 2009 9:37 pm ET

What does Suze think about the msn article written about her this past week criticizing the advice she gives?

Ellie   February 16th, 2009 9:37 pm ET


I'm 31 years old – I'm currently working as a Physician Assistant making 65K yearly. I only have about 20K in savings. Is it a realistic/reasonable goal for me to still go to medical school at this point in my life?? I have no school loans, no car payment/debts- they only money I owe is on my 141K home.

Thanks Suze.

Ralette C.   February 16th, 2009 9:37 pm ET

I am a retired teacher and my heart breaks for each and every one of these future students. There is just no way this woman can "parent" all of these children. My mind is spinning thinking of all of these children asking for homework help and parental support. Each child should sit in the lap of a parent to listen to stories. Is she Superwoman? This woman who made this unfortunate decision to drag all these babies in this world has absolutely no clue what it is going to take to actually become a mother. Birthing babies is not the litmus test for being a mother. Taking care of and supporting children lovingly begins the long journey. Ask Suzy what she would tell this woman and budgeting her money. Oops, does she have any ? How many days would it take to go to all the parent/teacher conferences?

Stephan   February 16th, 2009 9:37 pm ET

Suze, do you buy lottery tickets?

Lynn   February 16th, 2009 9:37 pm ET

i own a home – payy all my bills on time. I went on a vacation this week and bought a Marriott timeshare for $16,000. The deal is you earn points that can be traded each year for hotels, plane fares and the lkike I have 10 days to back out of it. Should I back out or go through with purchase
Lynn from VIrginia

Gary Chandler in Canada   February 16th, 2009 9:38 pm ET

Other day on CNN Ormand was BEGGING credit card companies to lower intereste rates.
She is RIGHT they are part of the problem; BUT
why is she NOT IMPLORING Obama to legislate an end to LOAN Sharking???????????

Colleen   February 16th, 2009 9:38 pm ET

Hi Larry....I am from North Bay Ontario,Canada 10 miles from Corbeil Ontario,home of the Dionne Quints...Larry, remember the famous Dionne Quints were born in 1934.Mrs.Dionne did not have any control of the number of babies she was all happened naturally,which is alot different from the way multiple births happen nowadays.

lisa ali   February 16th, 2009 9:38 pm ET

Dear Suze,

My husband and I are arging over paying off $17,000 credit card debt vs investing in a retirement plan!

What do you suggest?

Daniella   February 16th, 2009 9:38 pm ET

I am a military spouse. My husband was scheduled to leave the service and due to the economy has recently dedided to reinlist in the Army. We are due to get about 6000 back in taxesd and 7500 for his bonus. What is the best use for the money? We are currently renting and would like to buy a house within the next year. We have 40,000 in car loans, 15,000 in credit cards and 10,000 (247/mth) owed on a time share which we have unsuccessfully tried to sell. Thnaks Suze..You are amazing and I have seen you and continuously look to you for advice. Thank you for all you do to empower families and women looking to financial freedom.

Bill   February 16th, 2009 9:38 pm ET

Suzy: I currently have a 30 fixed mortgage at 6.5%. Additionally I have $14,000 in credit card bills at 14% and student loans of $40,000 at 8.5%. Should I take advantage of refinancing all of these loans on a 30 year fixed at 4.25% with loan fees of $15,000?

shelley   February 16th, 2009 9:38 pm ET

Hi Suzi,
I am turning 50 yrs old this year. My company is not going to contribute to our 401K this year. They were matching. Should I continue to contribute? I own my home but have heavy credit card debt.

Please help!!!

Jody Britz   February 16th, 2009 9:38 pm ET

Hi Larry,
I had $70,000.00 in a retirement account that I never rolled over. It has lost 30% or more. Should I leave it there or should I roll it over into my current 403 or 401 account that I am dollar-cost averaging.
Does it make sense to move it now?

Lisa   February 16th, 2009 9:38 pm ET

Military family struggling – pls advise. We've gotten ourselves into $50k unswecured debt/$94knet income/$2500 mortgage(this include prop tax & ins)/ no savings/extremely high interest rates and both our credit scores have plummetedinto 500'sb/c of it. We have 3 children middle school age with high extra expenses and 2 car payments. We're responsible for debt & want to pay it off. What's the best way to get out from all of this/pay it down. People say go to credit counseling – how bad does that affect you in long run???

Jackie Guillot   February 16th, 2009 9:39 pm ET

A widow age 65. I have Mutual funds, and Bonds as a result of the
passing away of my husband. I am losing about 25,000. I don't need the money now, but would not like to lose it all. What is my next step? Thank you.

Scott   February 16th, 2009 9:39 pm ET

Just bought a foreclosure, I'm 23 making good money in IT with no debt.. my question is with the 7500 tax credit from Bush now part of Obamas plan. How does it work is it a loan or tax break or a rebate check?

John in Ohio   February 16th, 2009 9:39 pm ET

My wife has her retirement in Janus Contrarian fund. It was about $22 a share months ago. (1200 shares) Now it's around $8. I tell her to continue to buy, but she wants to stop contributing now. She's 56. On the other hand I'm almost 62 and froze mine after losing $4000 in 3 days. Any advice? Thanks, John

Kay   February 16th, 2009 9:39 pm ET

Suzy, I have high six figures in cash at present earning around 1%. Where would you put this cash?

Elizabeth   February 16th, 2009 9:39 pm ET

I'm trying to help a friend in a terrible situation.
She is in her sixties, has a serious illness she is fighting, a tax liability from a business sale, huge medical bills, and a divorce settlement that she will be paying on for 4 more years.
She has used up all her savings but earns enough to pay monthly bills. How should she prioritize her financial responsibilities? She doesn't know where to start!

Jo Ann, Ohio   February 16th, 2009 9:40 pm ET

Why doesn't the government crack down on these credit card companies? They are robbing people without a gun.

Miguel   February 16th, 2009 9:40 pm ET

I'm 25 and I recently seperated from the armed forces and i was contributing to the Thrift Savings Plan, the military's equivilate to a 401k, should i transfer my money to a ROTH IRA and if not what is my best option to maximize my money?

Crystal Griffin   February 16th, 2009 9:40 pm ET

My husband and I are 65 yrs. old. We inherited stock from my husband's parents that were worth 300,000. Everything we own is paid off. Should we divest ourselves of our stock portfolio? We don't need it to live off of.

Frank Lopez from California   February 16th, 2009 9:40 pm ET

Larry ask suzy. We want to get married in October budget around 25k. should we buy a house and invest 25k instead and just get married at later date?

K Marshall   February 16th, 2009 9:40 pm ET

Hi Suzie
I am an educator and I want to restart a retirement account – 403b. Do I need a broker or a representative from the specific company (usually insurance) to open up an annuity or mutual fund account? I don't want to pay any extra fees that I don't have to.

Davina Perraglio   February 16th, 2009 9:40 pm ET

I say shame on everyone who is judging this woman for having these children!! What about just one generation ago when it was the norm to have 10 children and women stayed home and men went out and worked? She didn't plan on having 8 children but in my opinion God wanted those humanbeings brought into the world and he entrusted her to bring them into the world. I would be honored. God will provide, life is a gift and everyone needs to get down on their knees and thank God that they can even get up out of bed everyday and go to work and make money anyways!!!!!!! I am sick and tired of the almighty dollar reigning over a human life!

Miriam from Philly   February 16th, 2009 9:41 pm ET

Hi, Suze. I turn 60 next month, single, on Social Security disability and have started getting my pension. I paid off my house in 10 years and have 1 credit card which I keep current. I just purchased a pre-owned 2006 car to replace my 10 year old car. It had body damage that wasn't going to pass inspection, or I would have kept it. I put a large down payment on it ($15000) and only financed $10000 because of the money I've lost in my IRA. I have enough to pay it off, but wanted to keep some emergency funds since I do have a home.
My IRA is "expensive" money because I do have to pay taxes when I withdraw it. So, I have a Money Market that is cheaper money, for emergencies.
Is this a good strategy?
thanks, Suze

Moe   February 16th, 2009 9:41 pm ET

Hello Suze, I am a big fan you are great I always watched your show in public T.V.
I am 59 years old & I lost my job I have my 401k in money market acct. should I invest that in mutual funds/etc. or play safe & leave it as is. 2nd question is that my husband is working & we have $100,000.00 left from our 15yr mortgage with 5% int. should we refinance now with lower interest?

Carl Lange   February 16th, 2009 9:42 pm ET

I am 77 working part time and putting all of my paycheck into the 401. Last quarter I gave $8,000. and lost $9,000. is it a good idea to keep putting in this money?

Mike S   February 16th, 2009 9:42 pm ET

Hi ,$uzie,I am 37 years old.I've lost half of my 401k and have 3 years of house payments put away.What should I be doing with my income that I can afford to invest at this point ? P.S My job depends primarily on the automotive industry.THANK YOU !!!!!!!!!

Jilson   February 16th, 2009 9:43 pm ET

I have home which we bought it for 724000 and the value is only 419000 and the rental home is bought it for 384000 and it value only 218000 . We have tenant at our rental house and we bearly making the payments for both homes. We lost about 450000in value, what we will do.

Lisa K., Kentucky   February 16th, 2009 9:43 pm ET

SInce December people are saving more, but at the same time it would be in our economy's best interest to spend.

How do you reconcile the difference? At what point does it become recommended to spend – on a personal or national level?

Jo Ann, Ohio   February 16th, 2009 9:44 pm ET

The government doesn't care about what the credit card companies are doing. For years I have been constantly emailing and calling my Senator Sherrod Brown and my Congresswoman Betty Sutton about cracking down on these companies, but they just ignore my requests.

Shawnte   February 16th, 2009 9:44 pm ET

Suzie, i'm a single 32 year old woman that have students loans and credit cards. What should I pay off first?

Diane   February 16th, 2009 9:44 pm ET


My husband , after almost 25 years suddenly lost his 6 figure job. I work out of my home and make a reasonable living. We lost over 150K in our 401K last year and now with less income, would it be better for us to roll all or most of what is left in the 401k to an IRA wih CDs, that are lower interest , but guarateed? Or wait it out?

We are both 58, own 2 homes, 1 mortgage with about 4 years left, the other with 30. We have no other debt, no cc debt, no car debt, and probably have close to that 8 months emergency fund.


Ree Ro   February 16th, 2009 9:45 pm ET

Suzie I think you are great I gave my daughter you book when she grad from college and she is doing great. But you just said Pres Obama do you hear this I think you need to understand he has always been there for us. Please tell the Republican to cooperate and stop trying to proof a point. We are hurting out here Thanks you are great

Candace Farmer   February 16th, 2009 9:45 pm ET

Why won't the lenders just short sale to me, the owner, who has a vested interest in the home? Why short sale to a complete stranger? I had to be 3 months behind in my mortgage before they would even talk to me and it is a joke. The lenders are creating monsters out of people who were good about paying their bills. We are angry, help !!!

emmy   February 16th, 2009 9:46 pm ET

Hi Suze: I am mid thirties, single, no kids. I have a secure job, no debt and have a substantial amount of money saved in the bank. What do you think I should do with the money (after retaining emergency fund)? I currently rent and don't need/want real estate. Some have told me to invest it in mutual funds.

Darlene Lawley   February 16th, 2009 9:46 pm ET

Question for Suze Orman:

I am in my early 50's and am unemployed. My mortgage payment of 10 years is $800 per month, no car payment, two credit cards with a total balance of $12,000. I have no other debts.

I am currently living off my IRA with a balance of $40,000. My taxes this year will be approximately $20,000, which will have to be paid using my IRA since this is my only source of income. I have lost approximately $50,000 of my IRA because of the stock market. Should I close my IRA and move the monies to a regular savings account or should I leave it alone?

Mike   February 16th, 2009 9:46 pm ET

The stimulus package will not work as long as credit card companies are charging mafia rates. I have not bought anything in 3 years and wont be able to buy anything in the future because of credit card CEO"S need to make million dollar salaries on the backs of the American public.
Even those who have never been late on a payment are now seeing what is happening to those of us who might have been a day late here and there...GOOD LUCK AMERICA .... we are going to need it !!!!

Jenny Diaz   February 16th, 2009 9:47 pm ET

Hi Suze,

I am currently unemployed and on Cobra. What do I need to do to be able to get help with my Cobra monthly payment? Also, do the extended unemployment benefits kick in on their own, or do I need to file paperwork?

Thank you.

Irene Russo   February 16th, 2009 9:47 pm ET

Suzie, I am 58 and had to move my husbands annuity money into in Ira account. It is in a cash core account getting under 2%. Should I leave it there or should I invest it in a balanced portfolio of different conservative and some bond funds. This scares me, what should I do?

T Lancaster   February 16th, 2009 9:47 pm ET

Can you define a mortgage equity accelerator, and what do you think of that idea?

Kevin, Columbus Ohio   February 16th, 2009 9:47 pm ET


I am going to loose everything I've worked for in the past 30+ years.I was in building & real estate.

I have 5 properties in foreclosure and over 5 million dollars of debt. I listened to all of the experts to try to work out our financial problems and just can't pull us out. I don't think everyone is in a position get out of this mess.

What is left for someone like myself. How can I statr over or get back to what I've done my whole life?



Serge   February 16th, 2009 9:47 pm ET

Someone has a mortgage that has to be refinanced after 5 years. Five years is approaching and the house value has devaluated. What should that person do The lender is not willing to negotiate and proposing forclosure. What is your solution in this case?

Diane Williams   February 16th, 2009 9:48 pm ET

My credit card interest rate has been increased to 21.99%. I have been given the choice of accepting the increase, or rejecting it. I would like to reject the increase because I no longer use the card. I'm trying to pay it off. If I reject the increase, however, the bank will cancel my credit card and close my account. Will this affect my FICO score?

Diane Williams

Ofelia Mullen   February 16th, 2009 9:48 pm ET

This suggestion is for private banks, mortgage companies and federal government-Freddie Mac and Fannie Mae. The Feds should reduce mortgage interest to four percent (4%) fixed across the board for all mortgage holders on new and all existing loans. This will enable those in trouble to more than likely afford there new mortgage payment as well as create more disposable income for those who may be barely making payment relieving banks of toxic loan defaults on their books.
Financial Institutions that have received TARP funds should be required to modify all home loans over 4% moving any arrearage owed to the back of loan. This will encourage purchase from new home buyers, immediately help the “little guy” and creates a win-win for everyone.

Amanda Worley   February 16th, 2009 9:48 pm ET

Suzie, I'm a 77 year-old female and have a 96,500 mortgage. In 2007 I invested 160,000 in mutual funds which is now down to 119,000. What should I do?

vicki Lehmann   February 16th, 2009 9:49 pm ET

Hey Suze, when you say to pull out of the stock market (when you talk about retirement within 3 years or just in general) what do you mean? Put your $ in Bonds and CD's? Please give basic definitions to a beginner. thanks Larry and Suze.

janet alexander brown   February 16th, 2009 9:49 pm ET

Enough hatred America, I know you are better than this and that there are others, like me, out there that are profoundly concerned for the welfare of these children.
These are not choices that I would have assisted anyone with or recommended, but the fact is there are 14 children who are very much in need of our support. WE ARE THE VILLAGE.
Significient research, studies and practical experience have shown that the very best outcome for children is when we keep them in their family. if you do not consider the physical and mental health of the children, then consider that it is more cost effective for the tax payer to keep the children in the home than to place them in the foster care system. I work with foster youth and I know of what I speak, if you don't believe me look at the statistics.
Does it not make sense to assist the grandmother and others in community to take part in this care of these children? Where are the loving good people in churches, temples and synagogues??
This bad press sets these children up for bullying and being shamed. Where are the loving good people? Somedays when I get up, long after I should have retired, and go to my non profit to assist young homeless, untrained, discarded youth – I wonder where is the rest of America. Media you have the life of these children in your hand, educate and be kind. Thanks
ps: Larry King ask Angelina to quietly without fanfare or press, financially assist this woman, including serious therapy for her. She is most certainly attached to Angelina in an unhealthy way.

jose santiago   February 16th, 2009 9:50 pm ET

I lost 30,000 in equity in my home none of which was my fault, how come the banks are so stuburn to at least reduce my interest rate from 6.975 to at least 5.975, after all they screwed us. I was and have always been loyal to our banking system and they made alot of money off of me. Why are they not believing in the american people?

ellen in texas   February 16th, 2009 9:50 pm ET

I am almost 2 years divorced; 36 years old with a 4 year old daughter. I sold my half of our company to my husband during the divorce and ended up with $300 K cash, no debt. As a result, I also had no job and had to relocate to the US (we lived overseas). I put $250,000 into the markets ($100 in money market acct and $150,000 into well diversified mutual funds which have dropped 50% value since Nov 2007.) I am college educated and a certified teacher. I don't want to teach and am thinking about going to grad school to help open my options and eventually go back into private sector. What do I do? I am renting an apartment now bc I am afraid to invest any more money- I don't want to have to pull the money out of the markets. As of today, I am debt free, own my new car and have about $25,000 in IRA and Roth IRAs, maybe $103,000 in the money market acct, and $80,000 in a checking account and the value of mutual funds is riding around $75,000. How can I make this money go the farthest while I figure out 'what to be when I grow up'?!?!

angela   February 16th, 2009 9:50 pm ET

Gm gets more money? WHAT? Why dont we all just get the down payment for a new car, then we can keep GM in business?

Dr. Unemployed   February 16th, 2009 9:50 pm ET

I'm 30 years old. I began investing in a 401K in 2007 and built up to over a couple thousands. I left the company this summer for a job that did not workout. So no I've been unemployed for about 5 months. I have depleted everything, and have enough to pay only my mortgage in April. The money I put into the 401K has now gone down to barerely $1500. The last statement showed my year to date account performance at 44%. I need the money now, but the person the agency had advising us on the 401k advised me not to cash out because I would lose too much. Should I cash out?

Craig   February 16th, 2009 9:50 pm ET

Suze, I am a 39 year old government employee with a thrift savings plan. My balance has taken nose dive. I have 15 years of service left. Should I transfer the money into more conservative stocks in the plan, or should I keep buying the higher risk stocks while they are cheap? -Craig

James in Kamiah Idaho   February 16th, 2009 9:51 pm ET

and by the way I am a first time homebuyer

DAN   February 16th, 2009 9:51 pm ET

Who listens to this advice?? It is the most obvious drivel I’ve ever heard. Pay off your credit cards and watch what you spend – OOOOOhh what advice! Get me Gene Chatsky

Stuart-Nashville   February 16th, 2009 9:51 pm ET

Suzy , it appears to me that the word credit has been a part of every negative conversation throughout this economic downturn. Shouldn't we take a strong look at how our grandparents lived and take some personal responsiliry, dump debt, and eliminate credit from our lives. It appears to cause nothing but pain. What am I missing?

antonio dicembrino   February 16th, 2009 9:51 pm ET

My lender Litton will not even return my call. If i call, i am transfered to a voicemail that nobody ever answers. i am several months behind and grossly upside down with a foreclosure sale date set for March 5th. the attorney for the lender will not help me either. what should i do?

mimi   February 16th, 2009 9:51 pm ET

What do I do with my pension fund my husband a firefighter for 20 years and I have lost about 120.000 so far with our mutual funds. Do we put the rest in savings before we lose anymore. Please help. We are both 45. Owe about 120.000 on our home worth about 600,000. NO other debt. We hope to have a decent retirement. We still have 130.000 in our mutual fund account. from a worried american.Sincerely mimi

Dr. Unemployed   February 16th, 2009 9:52 pm ET

OOOps I meant a -44.77%

adrian   February 16th, 2009 9:52 pm ET


YOU TOLD THAT LADY TO "KEEP HOPING", well last time I checked,


antonio dicembrino   February 16th, 2009 9:52 pm ET

ps. to that message. i can now afford my mortgage again.

Kelly, Kansas City   February 16th, 2009 9:52 pm ET

Please explain to me, Suze, how does one save money when one lives paycheck to paycheck? We do not buy unnecessary things, only things we absolutely need. We understand the difference between needs and wants. But at the end of the month, after all our bills and expenditures, we have very little to save. How in the world do we save up enough for 8 months' worth of salary? Do we stop eating? I think your financial advice is more appropriate for the rich, but what about the rest of us?

barbara burton   February 16th, 2009 9:53 pm ET

hello too you both my question : we got upset with our money market account lossing money . so we cashed it in started a saving account . we were told by our bank that we had a gain.our income went from 51,000 to 93,000. we never took the money just cashed it in why did it become income ?

Colleen   February 16th, 2009 9:53 pm ET

I would like to thank Suze for all of her expert common sense advice ....
Canadians love Suze! I cannot understand why the BIG BANK CEO's do not have to pay back the" BALE OUT MONEY" did they not steal this money from the American people?

adrian   February 16th, 2009 9:53 pm ET

the governement shouldn't FORCE any bank,,,

thats how this whole thing started, cause the forced the bank to give

bad loans.

Vic   February 16th, 2009 9:53 pm ET

Hi Suze,
the only way we can avoid a crisis of this magnitude in the future is to have a backed currency. Why don't people in the main stream media talk or push for gold backed currency?


Keith Borde   February 16th, 2009 9:54 pm ET

Hi Larry and Suze,
Great show,
I am a Mortgage Broker, its like pulling teeth to get cooperation from Lenders to Modify mortgages for my clients/homeowners, the culprits are Countrywide, Bank of America, Wells Fargo, etc, etc.
Here is my suggestion for solving the Mortgage/ Foreclosure predicament.
Now that the stimulus will be sing tomorrow, the next thing the President should consider doing is: All homeowners pay 50 percent of their mortgage, in addition to the 50 percent payment send $100.00 payable to the treasury toward helping paying down the country’s deficit.
What do you think?
Keith Borde
Palm Bay Florida

Christine   February 16th, 2009 9:54 pm ET

If you have over 200K in student loans and cant afford to make payment?what can i do to avoid messing my credit?

winnie nwankwo   February 16th, 2009 9:55 pm ET


Interest rate on our mortgage was 9% with HSBC and in December it was increased to 10.5%. Now we pay $2650 on our mortgage and are now struggling to make the payment. We are thinking about not making any more payments and walk away from the $300,000 home purchased about 3 years ago. HSBC has refused to work with us. My husband works with the auto industry. What do we do?

Dana Cope   February 16th, 2009 9:55 pm ET

we owe $250,000 in credit card debit. we have 1 house we cant sell and have racked up this debt to pay bills. we moved into a new house before we sold the other. we make $ 160,000 per year. credit card companies are lowering our credit limits and raising interest rates on us. we are using other credit cards to pay minimum payments.

what can we do?

Shelia Carrasco   February 16th, 2009 9:55 pm ET

My son, an active duty Marine officer who has served three combat tours in Iraq, now has orders to move again. He owes more on his home than it is worth. There are hundreds of houses for sale in his geographic area. Is his best option to try and rent or take a quick sale and essentially foreclose on this his first precious home? How can the Obama stimulus plan help him?

Thank you,

Joyce Carrasco
Elgin, IL

marianne   February 16th, 2009 9:55 pm ET

I'm ahousewife for31 investment, no savings, no nothing. y husband .s pay simply pays the bills week to savings or pension. I work for free! Taking care of grandchild and sickly parents, and house chores ...24/7. what can I do

ted   February 16th, 2009 9:55 pm ET

Hi Suze,

so you think not giving GM is a good idea....

imagine if they went bankrupt, how many more people would be unemployed, how much of a drain that would be upon our state's that are already close to many more peripheral industries would be destroyed....

then again, w/o a car manf. who would make tanks, jeeps and other military equipment, Toyota, Honda, Mercedes, Fiat?

for someone who thinks long term, this is a very short term comment

Ed   February 16th, 2009 9:56 pm ET

Hi Suze I am single 43 have a mortgage with $22,000.00 left on it. I
refinanced in 2001 for 45K at 6.5%. I have $1,100.00 in credit card debt. I put about $142 a week in my 401k matched at 50% for the first $64.00 and the rest unmatched and I went from 110K to 84K in the last 9 months. I put 40% in income the rest in equity. Should I throw it all in income or just ride it out. Right it seems I and losing almost 500.00 a month going into my 401K since it is going down instead of up. Help!!!!

Julian   February 16th, 2009 9:56 pm ET

Suzy, Larry,

Why are we (media, government) not talking more about what the SBA can do? It seems we have ignored where a large part of the GDP comes from... Shouldn't that program be bolstered now to help America invent and create like we do best?

Barbara Harrison   February 16th, 2009 9:56 pm ET

PLease send me the phone number so I can call Suze Orman next week with my question.

Sarah   February 16th, 2009 9:56 pm ET

Hi, Suze!

I'm among the young, fabulous and broke! I have over $7,500 in credit card debt, and my fees are outrageous, and really make it difficult to put a dent in the debt.

I tried to get a balance transfer card, but was recently denied. Should I try again or look for plan B? And if B, what does that look like?


Peg   February 16th, 2009 9:57 pm ET

Suzie, I am 62 year old female and have a credit card debt of 9000. I have enough money in a money market fund to pay it off. Another 55,000 in a CD. Should I pay my credit card off with the money market? My husband and I receive around 4000 per mo. and I have been paying more than the required payment on the card.

catalanosusan   February 16th, 2009 9:57 pm ET

Suze, How can the banks help people in foreclosure when they no longer even own the loans? Investors all over the world actually own these mortgages so how does the bank have the right to renegotiate payments or principal?

steven   February 16th, 2009 9:57 pm ET

I'm wondering what to do about my deffered compensation account which is now loosing money – should i move it to stable value? It has started to pay out and will do so for the next 9 years.

adrian   February 16th, 2009 9:57 pm ET

WOW,, is this lady for real,,, CAN SHE SAY SOMETHING



Mary Ca   February 16th, 2009 9:57 pm ET

I saw an infommertial on TV the other night (of course they were selling a book) on how you can pay your home off in 5 years. How does this work? How is this possible? Please explain.

mrs A   February 16th, 2009 9:58 pm ET

what about senior's that have to live on int. that has gone down to 2 per cent... DO WE invest in the stock markent to give us more income ? and which one investment.. Please Please tell us

Sarah ellis   February 16th, 2009 9:59 pm ET

How safe are annuities?

ken   February 16th, 2009 9:59 pm ET

Hi Suze, Why is it again that President Obama is planning on helping the bank when they're not helping the people? Bank of America credit company had given me a loan at low interest rate about 6 months ago. I paid them more than the minimum every month and always on time. My balance is now half of what I owe 6 months ago. Now I got a statement from them with high interest rate. That's what I don't get. I'm taking care of my credit and they're not taking care of their consumer. The economy is in crisis and they shouldn't make it any worse by raising the interest rate.

Keith Borde   February 16th, 2009 9:59 pm ET

The Fisherman 153, should payoff his mortgage, then apply for a reverse mortgage adn get 65 percent of the value.

adrian   February 16th, 2009 9:59 pm ET




Al Turner   February 16th, 2009 10:00 pm ET

Larry, why do you have more tv commericals than other cnn show?

Jen   February 16th, 2009 10:00 pm ET


I am in the process of a loan modification through my mortgage company which is America's Servicing company. Tell me what the odds are that they will help me. I have a 7.875% and its an arm which will adjust in two years. I have not lost my job but with my profession I work 9 months and have 3 months off so as of now i am laid off. I can not afford my mortgage I thought that i could refinance but my debt to income ratio is too high. do you have advise for me.

Kelly   February 16th, 2009 10:01 pm ET

what about those of us who were resposible. My husband and i have a house, 2 rental properties, three kids, two cars and no credit cards. He is in the military and i work for the school system. What do we get for doing it rite? We have to work harder to pay for those who screwed up. survival of the fittest. they shoudl have given the money to all the tapayers to do with what they wanted, stopped all welfare and what will be will be. only protect the young and the elderly. let the rest suffer if they make poor choices again. I am tired of paying ofr all the srewups from those who over morgaged to the car comapanies. Enough already!!!

Bill Andrew   February 16th, 2009 10:01 pm ET

I have lost my job. It takes both of my wife's income and my income to pay our mortgage and second mortgage. Should we take money out of our retirement to pay off our second mortgage so that we don't lose our house?

Stanley Pratnicki   February 16th, 2009 10:01 pm ET

I have been unemployed for 8 mos. I was two days late in paying my initial COBRA payment. I have been denied Health benefits.

The country is bailing out industries. Who is the ombudsman for a citizen who actually tried to pay for his entitlemen?

donna   February 16th, 2009 10:02 pm ET


zoe   February 16th, 2009 10:02 pm ET

I have 7500 debt oon my visa with a 2.99 percent interest rate. My mortgage is 7 percent interest rate. Do I pay down my mortgage or pay off my visa.

Billy   February 16th, 2009 10:02 pm ET

Is Securities Investor Protection Corp. a good place to invest money?

bob   February 16th, 2009 10:04 pm ET

i am 60 years old i am still working i have 401k that matches iam taking 10% out or should i be in a ruth ira?

adrian   February 16th, 2009 10:05 pm ET

THIS OBAMA should be know as the WELLFARE president

Billy   February 16th, 2009 10:18 pm ET

Good Evening Larry,

I have a fair Question for you, I have a 401-K Retiremet opened through the company i work for but its trough merrilh lynch. The Question is I am 21 years old and no credt history but is it to early to start saving???? Ifi am not mistaken Merrill lynch received sme money from the bail out plan and if so would it affect me??

Thank you,



lawrence from ca   February 16th, 2009 10:22 pm ET

someone told us yrs ago, "do not trust Merrill Lynch",,we did not our retirement money is almost gone...we do not know what out future holds..pray ....

Susan R. Schapiro   February 16th, 2009 10:26 pm ET

I am 78 and my husband is the same. jBoth of us are under obligation from the IRS to take money regularly from our IRAs. As our money is withdrawn, we are obligated to pay income taxes. I f we file our taxes together, my income is taxed at the top of our combined income although I no longer have more than my social security and my IR A income to report. To add to our pressure, our Medicare B monthly payment due will go up this year from $34 a month to $350 a month because of the enforced income tax on the IRA . Both my husband and I have to pay the higher amount even though I have only a small income. We have lost over 50% of the value of our funds because of the government's policies. Our IRAs were saved to assure us a proper, independent old age. Any suggesetions?

Elsa   February 16th, 2009 10:32 pm ET

I'm a 47 year old divorcee. I didn't land a great job until I turned 40, I'm 47 now, my job has a pension, benefits. I have $10,000.00 in credit card debt, which I'm paying $1000.00 each month to get rid of it. I contribute $350.00 every month to an RSP contribution, which I've been doing for the last three years. Am I too late? Is that enough? I am considering suspending my contributions for a year, and just pay off the debt that much faster. Our house will be paid off in three years (fingers crossed) Please advise

Ben   February 17th, 2009 12:23 am ET

I am a college student attending a private university and my demographic is clearly not as affected as most of the general population. I watch and read and the news but am wondering if the economic crisis is as bad as the media portrays it to be? CNN needs to pay the bills too.

paul anderson   February 17th, 2009 12:25 am ET

Larry, just becasue she had death threats against her doe snot diminish the "insatability" of the mother. She is seriuosly in need of help and if EVERY FEMALE di dwhat she did would be and IS criminal. You liberal media tyes need to get a grip and get a handle on what this is ALL about. the fact that SHE , th emother , planned this event is a act of GRAND LARCENY of the tax payers. If the guest was sooooooo eager to HELP the mother of 14 kids why does he not just HE|LP her without any publicity? What a bunch of crap. She was hoping to make millions on this story down th eorad. let's get real LARRY!!!!!!!!

Lori, San Antonio   February 17th, 2009 12:25 am ET

Im 46 years old and have a mortgage on a home of $67K at 7.0 interest rate but $25K in credit card debt. With credit card companies using the encomony as an excuse to increase terms on credit cards should I refinance at a lower rate with money out to pay credit cards off? Lori

Carry   February 17th, 2009 12:25 am ET

I want to buy my first home. Will the stimulus plan offer a tax credit that I can use for the down payment?

Al   February 17th, 2009 12:26 am ET

Should I refinance and take out a home equity loan to pay off my daughter's college loans?

Rosa   February 17th, 2009 12:28 am ET

Our broker just moved his group from Merril Lynch to Morgan Stanley.....
They have all our potfolio. Should we stay with them and keep trusting them or should we take out the money and put it under our mattress?
Thank you

Elyse St Laurent   February 17th, 2009 12:30 am ET

Hi Suzie,
My brother has been laid off last week. He and his wife have no debt. They put a sizeable amount down on a house they purchased five years ago. If they go through HUD refi do you think they should refi to lower their mortgage? His wife works part time. They do not have a surplus in savings. Thank you for your response

Kelly   February 17th, 2009 12:34 am ET

Hi. I am in a first-time fortunate position where I came into money in the October 2008: $500,000.00 I am 38 years old, I have a daughter heading to college this fall at $13,000 per year. I have another daughter that will graducate high school in 2011. I am a retired teacher due to disability (had to file bankruptcy in 2005), so my retirement monthly stipend and SSDisability are my income. I never purchased a home (I didn't have the money being a single mom just making ends meet). My eldest dcaughter also will need her own car. Please tell me how much to invest and where. Should I pay outright for college or take out loans? How much should I be putting away for my retirement in a ROTHA IRA? How should I go about purchasing a new home (20% down or more, or pay for the whole thing...) I jsut don't know how to proportion the money Suzie...this is the first time I've ever had such a cushion.

michelle   February 17th, 2009 12:35 am ET

Can I get out of a 2nd mtg? I sold my home to a investor, he took out all the equity, put it in a land trust and end up selling it back to me 3 years later, but he attached a 30K 2nd mtg. I'm on disability and the bank wont let me refinace the 2nd mtg? Please advise!!

michelle   February 17th, 2009 12:36 am ET

My daughter wants to know how will the stimulus package help RENTERS?

Connie   February 17th, 2009 12:37 am ET

I retired due to my health, my husband works but is near retirement age. When he does we will have no insurance more then likely as we have been checking and it is expensive. How is this current package from the Obama plan going to help the little people with kids, those who are senior citazens. It seems it is all going to the upper class and to the banks and car manufactures. The middle and lower class will not have anymore money to spend then they already due. Are we not bailing out these people and probably will again if those who could spend don't have it to spend. Seems to me that this new plan does't really go down to the root of the problem and is only a quick fix that the majority of people I have talked with feel leaves a majority of Americans still out of work and in the cold. I know there is no quick fix and I feel we as Americans are strong and in the long run with lots of hard work and faith, we will come out of this, but it took us more then eight years to get into this mess. Thanks.

Dinesh Bhojwani   February 17th, 2009 12:37 am ET

I have lived in this country for 10 years now, and am sad to see people spending money that they dont have, and our President and other leaders not say anything about that!!!

Our leaders should be protecting people by advocating responsible spending and a lifestyle based on old fashioned hard work and saving for the future (and our kids).

Dinesh Bhojwani

Kelly   February 17th, 2009 12:38 am ET

Suzie, plus, I have no DEBT. I know this is important. And, yes, I am afraid to trust banks with it.

Elyse St Laurent   February 17th, 2009 12:39 am ET

I just blogged and left out some information. I essentially made a statement that my brother was laid off last week. He and his wife purchased a home five years ago and put down about 40%. They have no credit card debt. They are in their mid fifties. His wife works part time. They do not have any savings beyond a 401. They want to lower their mortgage payments. Should they refi through HUD to lower their monthly mortgage payment. Both cars paid off. Thank you for your time and consideration. Elyse

Terry Deppe   February 17th, 2009 12:42 am ET

The PR firm that has stopped representing octumom needs to get a clue as to why america is upset with her. Ask yourself this question and then you will understand. If you had six children at home under the age of eight, no father for the kids, no job and the only financial support coming in from welfare and disability, would you try and increase your family? This is what america is upset about. Why should we pay for supporting this woman and her family? Who is paying for the medical bills for these eight new infants? She collected disability for back injury, yet she gained 100 lbs. with this pregnancy. Makes you wonder about her disability claim. Her only new means of providing for her family is to start a web site asking for donations. Rumor has it she wanted reality show, or a movie, or a book deal about her life. Can't wait to see what scam she comes up with next, ( MAYBE CHARGE ADMISSION TO SEE HER FAMILY ), nothing would surprize me with this woman.

alice   February 17th, 2009 12:42 am ET

I owe 275,000.00 on my house which is financed at 6.50%. I have the money to pay it off. Should I refinance or pay this off? I currently write off the interest on my income tax.

Todd   February 17th, 2009 12:45 am ET

If you have set yourself up on a 7/1 ARM eventually those payments will be adjusting to the index. At the time the loan was approved I was on a salary income. I am currently paid on commissions and find it hard to re-finance. WIth the problems in the market is it likely that the bank will work with me to set up a fixed rate mortgage?

Carol   February 17th, 2009 12:45 am ET

I have an annuity fund that has lost a considerable amount of money in the last year. I am seriously considering cashing it out; however it has been strongly suggested that I transfer the money to a "guaranteed" investment account that will double my money in 10 years. What are your thoughts on this? Please advise.

yvonne johnson   February 17th, 2009 12:49 am ET

58-Divorced... New career of nurse... bring home about $1000.00 every two weeks. No mortgage, no car payment. BUT $26,000.00 in school debt w/about 6-7% interest rate... I have NO savings... DO I pay on school loan before I save 8 months worth of savings... or wait until I have saved?

%   February 17th, 2009 12:56 am ET

What do i do with a mutual fund value 659.22 and a roth valued at 2080.11. I am retired.

Carol   February 17th, 2009 1:15 am ET

Regarding the annuity that has lost money and transferring to a "guaranteed Investment" account. I am in my 60's and close to retirement.

Kylie   February 17th, 2009 1:25 am ET

Hello Suze,

We have $138,000 remaining on a 9 year loan at $4.75%. The monthly payment is $1,856. I am a few months away from retirement and considering refinancing to a 30 year fix loan which I think will provide more flexibility with our monthly finances. Retirement benefits will leave me with a $600 shortfall in income. I have $550,000 in a retirement savings account and could use the interest gained each year to meet any short fall in retirement benefits. I have spoken with two different financial advisors and one says to take advantage of the low interest mortgage rates and refinance with a new 30 year mortgage. If I refinance, I will not need to draw any funds from my retirement savings account. The other financial advisor recommends that we stay with the current mortgage and draw from the savings account to meet the $600 monthly shortfall.

After looking at the advantages and disadvantages, I think it will provide me with more flexibility if I refinance. I could also pay down on the principle without any early payment penalty.

What do you think I should do in this economy? I think refinancing is playing it safe.


maria   February 17th, 2009 1:29 am ET

dear larry why did my comment get displayed and is suzy going to ask my question..............thank you larry for readding this

Clifford Vance   February 17th, 2009 2:16 am ET

Hey Larry! Two trains of mother bloggin' thoughts tonight:
First: (and this is to your producers) Bring to your table representatives of the "Octuplet Mom", representatives of the "Right to Life" movement, and representatives of the "Right to Choose" movement. In this convergence of viewpoints is the converging challenge of Free Will, Religion and Science. There are implicit contradictions in each of these positions that can fruitfully be explored by honest, insistent journalism. There's truth to be mined here in our collective cultural dissonance.
Second: The blog is great; but how about a meritocracy of message? That is, permit your blog screeners to grade the quality of each blog comment and store that rating. This would allow worthy commentators to rise, like cream, to the top. Of course, this "system" would be subjected to opinions, but should be further guided by internally established standards. Commentators who offer compelling, honest comments consistently would be given "e-regard", which is their's to enhance or lose. Otherwise, quality voices may lose deserved volume in the din.
BTW I'm not advocating for me. I'm just a busy truck driver with a Mac looking for a higher level of discourse. TX Cliff

ed,vancouver canada   February 17th, 2009 2:34 am ET

Why is suzie not an economic advisor to the president?
For the same reason a doctor does not take his own kids to a certain doctor when they are sick.
at this point in the game,anyone selling stock unless it is an emergency,is an idiot

ed,vancouver canada   February 17th, 2009 2:40 am ET

Suzie,do you think Nadya Suleman was making wise informed decisions to have 14 kids under the circumstances,or do you think it was conjured up by her doctor to get free advertising and do you think the doctor should lose his license or be incarcerated?

ed,vancouver canada   February 17th, 2009 2:56 am ET

kelly,you have a house 2 rental properties and all the trimmings.
do not judge yourself against those not in your position.
you obviously do not make 2000 a month like 50%of americans
If you both lost your job,after a year or so let's see if you have what it takes to survive.Of course with 2 government pensions ,paid by taxpayers,that would not happen.

Luanna Manning   February 17th, 2009 2:58 am ET

I'm a 56 year old single woman with a 1st mortgage of $59000 @ 6%. I have an equity line with an available amount of $66000. @ 3.24%. Should I use the line to pay off my 1st mortgage?

ed,vancouver canada   February 17th, 2009 3:14 am ET

want to save money?don't have kids and then get divorced.
Since the child support equals half of what you earn,you will never have an money even if you make 60000 a year.

Justin   February 17th, 2009 3:23 am ET

Can you tell me who designs credit and mortgage products I have a solution to this whole credit crisis but can not find who the designers are of these products. We have recessions every 7 years at least and we have never considered the impacts FCRA and FDCPA policy have on the consumer. I want to talk with these people and propose a fix that will mitigate the fears and create real security in credit once and for all.

Please help me help others!!!!

Cris   February 17th, 2009 3:31 am ET

Everyone is getting bad credit due to the economy. Why isn't Equifax, Experian, and TransUnion pitching it to change the scoring system for credit so people can go out to buy...?

Jim   February 17th, 2009 3:39 am ET

Can u ask suie if a person ops-out on a credit card does this affect thier fica score, i'm sure many americans at this time would like to know because credit card companys are raising rates because of the amount of bad debit Please help me and ask my question

Donald   February 17th, 2009 3:39 am ET

I never took advantage of the Liar Loans when I knew how bad the could have turned out to be. How can I purchase an REO now from a Lender, especially with their current and growing inventories? Are they willing to carry their own paper on them?

David Neutzler   February 17th, 2009 5:27 am ET

Who cares what Suzie Orman has to say? It seems only CNN does. Please get this woman off TV. She is disgusting.

Aileen Twiggs   February 17th, 2009 5:47 am ET

I love that Suze draws attention to the need for government help for people. I just wish somebody would point out that people who are hurting need to contact their senator and representative. Tell the politicians what you want and need them to do.... especially if you live in a state with a republican senator or state rep!!

denise kelly   February 17th, 2009 5:48 am ET

I am done listening to Suze Orman and Nancy Grace. I predicted the
economy imploding before John Mc Cain rushed back to Washington.
Suze Orman and Nancy Grace are all about self glorification. Why do not have any real people on your show?

alan heisey   February 17th, 2009 5:55 am ET

these comments never intended for the show because they are too late! seems to me suze, whose comments are always solid, has bought into what one new york times writer calls the tendency of us all to over extrapolate: the market goes down, therefor the market will continue to go down. this writer suggested that a turn in the market was as possible as the opposite. he recommended some stocks and i bought his call including goldman sachs not three months ago and it is up from about 76 to about 95! i am a proponent that if the market can drop this fast it can recover just as fast. hold onto your hats.
i also particularly appreciated suze whacking el presidente about being too pessimistic on the state of your economy. he does not need to add to the apprehension, time for a more balanced presentation.
(trust larry knows the little story about the optimistic kid and the pessimistic kid!) cordially, hize, from toronto

Ernest Wraschek   February 17th, 2009 6:30 am ET

I am eighty years old and it bothered me to know that I am so much better off then most of the people at this stage of life.

Now I know!
After listening today to your show with Sussie Orman, it is because I lived most of my life the common sense way, she and you represent.

Thank you and keep up the good work you are doing.


Delphine   February 17th, 2009 6:36 am ET

@Larry; will you please, please ask Suzie to stop shouting when she talks? She talks if she wants to convince the whole world but it very very unpleasant to hear.

Rose   February 17th, 2009 11:24 am ET

The Octomom's ex-publicist was on LKL last night. She said she believed the Octomom's claim that she never had plastic surgery done and her face changed due to weight gain. What a crock!

A prominent plastic surgeon reviewed her before and after photos on Dr. Phil's show and said that she had about $30,000 worth of procedures done on her face. It's obvious!!! Just look at her old photos!

Spending that kind of money with no job and so many kids. Her ex-publicist needs a reality check about being so gullible concerning Ms. Suleman. The Octomom's self indulgence is the cause of the backlash against her.

James in Kamiah Idaho   February 17th, 2009 1:21 pm ET

Where did the money come from for the surgery then I wonder.

Rose   February 17th, 2009 1:45 pm ET

The Octomom received a sizeable insurance settlement for a back injury. That's most likely where she got the money from for her plastic surgery. She spent that amount of money on her face (about $30K), with children to feed and clothe at home. Shameful misuse of funds for someone in a needy position. That speaks volumes about her.

D. Howard   February 17th, 2009 5:59 pm ET

Comment to Chuck Norris and his article about Congress Cluless Credit System-

Hey Chuck, don't for about the $200 million in compensation to the Filipino World War II Veterans, most of whom live out of the country says Jack Cafferty. You sure hit the nail (Karate Punch ) on the head.

Enjoyed your article and I always enjoy "Texas Rangers".

Best wishes.

karen   February 17th, 2009 7:25 pm ET

I am not a fan of Suze Orman.

I feel she is condescending to the middle class that lives paycheck to paycheck. I have heard her say everyone should save. My husband was a blue collar worked for Polaroid( now out of work) I was a pat owner of hair salon that made a decent salary but had great place to workfor myself and al our workers (no one eve left to go work down the street). I loved my job. I now am out of work with Cancer. We have a 2K a month mortgage, a freshman in college a teenager who just turned 16 ( will now
be getting a job. Our unfortunate plan is to put our house up for sale and it is now 200,000.00 dollars down from what it was 3 years ago. We live in Massachusetts. The worse part is we added an addition for our relative who passed away before he moved in. Now what does Suze say we made our bed sleep in it

Lisa From Rhode Island   February 17th, 2009 8:23 pm ET

Hi Suzie,

We have been trying for over a yr to negoitate with our lender, they wont budge.

In Oct. they foreclosed on our prop. We then filed bankruptcy to protect us (relief from stay) well the Bankrupt Court granted their motion to lift it.

The bank supposedly owns the prop. now since Oct.. However they have not proceded to change the deed. ? how long does that usually take.

i'm not on the mtg. only the deed.Am i protected in any way as to retaining the prop. myself? Please advise.

Tim (Mountain View, CA)   February 17th, 2009 8:56 pm ET

What good is the stimulus package going to do for Americans who were laid off before September, 2008, and are facing $1,000 per month costs for Cobra? Did anybody tell these guys that the recession didn't start in September?

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