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Article posted: 1/19/2013 6:00 AM

Personal finance industry gets drubbing in new book

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"Pound Foolish: Exposing the Dark Side of the Personal Finance Industry" by Helaine Olen

ASSOCIATED PRESS/PORTFOLIO/PENGUIN

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After the financial crisis began in 2008, it suddenly became OK to talk about the illogic of ballooning borrowing and runaway stocks — and the inevitability that bubbles pop. Author Helaine Olen discusses this in "Pound Foolish: Exposing the Dark Side of the Personal Finance Industry." In it, she takes on the sellers of an insidious form of snake oil, the idea that if you try hard, you, too, can achieve financial success.
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