Time to reappraise system that's all too open to abuse

Oprah introduced money advisor Suze Orman with a depressing warning that too many American are in debt than ever before and are only steps away from financial disaster. Suze Orman said that people don't understand interest only loans and adjustable rate mortgages and many are starting to see their monthly payments adjust up.

Erica and her husband have two children and they purchased their first home in 2004 and got payments of $900 but now the payments are $1,600. They signed an adjustable rate mortgage and because of the payments that escalated, her house is in foreclosure and her husband left. She said that she was sad that her children had to be put through this. Suze Orman said that she needs to rise above this and show the children that mommy has what it takes to make it work. read more