The Current Financial Crisis

You know, I’ve spent pretty much every waking minute for the last week trying to figure out what happened, why it happened, ... and Freddie were required by law, for entirely noble reasons, to make riskier home loans. The bad ... lots of cash, and couldn’t get it. this led to a “freeze up” of credit among banks, which [more...]

Date: 2008-09-25 22:45:54

Blog posts (458) | Videos (197)
 

The Great Unwind

flickr (TW Collins) In “The Arabian Nights,” the beautiful princess Scheherazade buys one day of life at a time by recounting fantastic fables that ... diminishes the capacity for further credit creation in the future. The second phase of the cure is the higher cost and lower availability of credit. This forces corporations to sell assets, reduce [more...]

Date: 2008-10-10 10:00:06

With no one in charge, Illinois grinds to halt

Illinois is facing a deficit of several billion dollars, is behind on payments to healthcare providers, has understaffed agencies, ... say. “He was a bad governor before the arrest, but now we have no governor,” says Dick Simpson ... is watching to see what Blagojevich does and how the impeachment plays out, but no one is tackling [more...]

Date: 2008-12-31 18:42:26

Homeowners come up empty in bailout

For people facing foreclosure — and for the housing and community development groups trying to help them — there’s been little to ... loans didn’t make it in the final version. Nor did a proposal to set aside for affordable housing ... are to blame. It doesn’t get any better from there. The credit crisis is likely to make it even [more...]

Date: 2008-10-09 12:05:41

Alternative Solutions Diverge From Administration’s Approach

By Anthony Faiola and David Cho Washington Post Staff Writers Wednesday, September 24, 2008; Page A01 To hear Henry M. Paulson Jr. and Ben S ... up a profit-driven investment fund with the aim of infusing the financial system with cash without taking on bad debt. Still others suggest radically different tactics of directly helping homeowners [more...]

Date: 2008-09-24 14:09:01

Review: ‘The Alphabet Killer’ Is A Dyslexic Thriller

Ten year-old Carla Castillo is found raped and murdered in Churchville, NY, a suburb outside of Rochester, and Det. Megan Paige ( ... , implausible actions… And that’s really too bad, because I’m a fan of the Dushku.  She was the best ... for a weekly fix of the girl.  Her movie career has more lows than highs, but one of her best was [more...]

Date: 2009-01-06 22:34:04

You know, maybe “vulgar” libertarians have a point on this one?

By Thoreau I don’t claim to understand all of the intricacies of the mortgage crisis, ... directly or indirectly through various financial instruments) the risk of too many bad mortgages ... , and then it will be harder for people to get credit, whether for consumption or starting new businesses or going to school [more...]

Date: 2008-09-24 04:27:15

Simplify Your Life With A Credit Repair

by Dina Salinas Having bad credit can be a nightmare for most, because we live in a world that is fast-paced, costly, and always requires credit. It goes without saying, credit repair can make your life simpler if you’ve had some problems with your credit. The manner in which you use the available credit at your disposal is plain for creditors to see when they check your credit score. [more...]

Date: 2009-09-27 18:20:07

Blame to Go Around

I was ranting the other day about the evils of the finance sector and its denizens, and one of the people I was talking to, ... . Because I genuinely don’t understand why people say things along those lines. Someone who takes out a loan ... consequences for their actions. Much as the person who issues a loan the borrower can’t pay [more...]

Date: 2008-11-15 13:45:47

Cell Phones For People With Bad Credit

by Chuck Stone Are you looking for cell phones for bad credit? Well the good thing is that you will not have to look very far. That is correct even if you have not so good credit; you will still be able to get a cell phone. This article is going to reveal how anyone can have a mobile phone; even if your credit is not so “hot.” Everyone seems to be searching for the latest phones; however they do not want to sign a contract; well you just found the answer. [more...]

Date: 2009-09-26 17:58:21

Dow Falls 730 on Deteriorating Fundamentals, Evidence Rescue Efforts Not Taking Hold (Updated)

Boy, that was short lived. The massive EU and US rescue efforts to pump equity into banks, the TARP, the increase in the Term Auction Facility ( ... the market to revert to its old lows, because the economic bad news has only just started. Even with these unprecedented efforts, a successful fix to the banking system does not mean lending will resume [more...]

Date: 2008-10-15 21:07:44

The Shadow Gold Price

“The Shadow Gold Price” Paul Brodsky & Lee Quaintance run QB Partners, a private macro-oriented investment fund based in New York.” ~~~~ Conclusions: Spot Gold is fundamentally cheap versus its intrinsic monetary value by a factor greater than 10 Stocks are empirically very cheap versus the current quantity of paper money bank reserves [more...]

Date: 2008-12-10 13:00:25

Essential Credit Repair You Need Know For Successful Self Credit Repair

Credit Repair The DIY Way . Credit repair is a great way to improve your credit scores and get a fresh financial start. However many people cannot afford the cost of a credit repair service. The good news is that you can do credit repair yourself and get the same results as a credit repair company would, you just lose the convenience of not having to do anything. This article will discuss a few important DIY credit repair tips that you can use to get started. [more...]

Date: 2009-09-28 06:50:28

Credit Repair Can Make Your Life Stress Free

by Dina Salinas Having bad credit can be a nightmare for most, because we live in a world that is fast-paced, costly, and always requires credit. It goes without saying, credit repair can make your life simpler if you’ve had some problems with your credit. The manner in which you use the available credit at your disposal is plain for creditors to see when they check your credit score. [more...]

Date: 2009-09-27 18:18:14

What would Greg Swann do? Integrity, transparency and Web 2.0

Hey, y’all! Are you in the mood for a truly incredible offer? You’ve seen the kind of single-property web sites we do at BloodhoundRealty.com ... , taking a huge profit every time you pull out your credit card. You get pitches like this every day ... to promote and protect your brand identity. That’s actually not a bad business, and I already [more...]

Date: 2008-12-26 06:07:00

It’s Your Money

It was, anyway. Remember when you had some? Dow plummets on opening, Wall Street rout drags everyone else down. Look on the bright side ... the credit markets more quickly via capital infusions from the Paulson facility. And unlike the Paulson ... that the Treasury could receive some kind of equity kicker in the refinance. Thus a homeowner [more...]

Date: 2008-10-10 13:45:35

Monday: Bi-Partisan Bank Robbery?

I don’t pretend to understand Credit Derivative Swaps and financial ‘instruments’ and it looks like the people who have been playing with them for ... like the Home Owners Loan Corporation (HOLC) where the government would restructure and refinance bad mortgages from individual homeowners and make them affordable.  The theory goes that if those [more...]

Date: 2008-09-22 12:26:24

Hank Williams Jr. sings McCain's praise

by Frank James Country star Hank Williams Jr. has penned a tune for Sen. John McCain and Gov. Sarah Palin callled "McCain-Palin Tradition ... Fannie Mae N Freddie Mac Just like 1, 2, 3 The bankers didn't want to make all those bad loans ... , that the Democrats caused the financial meltdown by pressuring bankers to give loans to helpless bankers [more...]

Date: 2008-10-14 12:37:42

Bail Me, Stimulate Me

In a week that signaled much worse is coming, perhaps the more dismal indication on the financial front was that Democrats finally had a chance to ... the kind of behavior that got us here: more bad loans to the wrong people won't en our crisis; they make ... . If that sounds bad, it shouldn't; this week's debate on TARP had essentially the same contours [more...]

Date: 2009-01-16 20:24:10

Links: Jennings vs. Rubio, Round One

by Lang Whitaker I mentioned in the Dirty Thirty that I’ve been on the road, but I didn’t mention where I was. Well, I’m in Barcelona. For now. By the time you read this, I’ll be on the way back to the US of A. I arrived in Barcelona early Wednesday morning, spend all day and night Wednesday working on some secret ish for a future issue of SLAM, [more...]

Date: 2008-12-12 04:27:32

It Wuz Always 'Bout Tha Numbahs

With apologies to Herbert Kornfeld for the robbed title.I'm really busy, but the bottom line is that we are beginning to see some positive signs ... trajectory has shifted into a leveling pattern, aside from the bad debt issue. That is a big issue ... shake-out in industry coming, especially in parts of Asia. And there's still a lot of bad debt [more...]

Date: 2009-01-16 19:11:00

From the Archives: On Being a No-Name Blogger Using Her Real Name

As we’re facing a bit of a blogging slow-down here at Shapely Prose, we thought we’d occasionally repost some pieces that you might have missed the first time around or that might warrant a second look. If you’ve got suggestions for posts you’d like to see again, email me! This post was originally written by Kate and posted on April 14, 2007 [more...]

Date: 2008-09-24 16:18:39

Next Year's Budget Deficit

It's already looking ugly: California lawmakers and their budget advisers estimate that the Legislature, ... with what's happening nationally - the credit crunch, people spending less money - projections of state revenues ... loophole, and done pretty much everything except what's necessary - fix the structural revenue [more...]

Date: 2008-09-22 19:53:30

19th Finance Fiesta!  I hope you checked them out, if not be sure to look at all the great posts ... t dream anymore“, and I gotta agree Mrs Micah talks about throwing good money after bad, for me it’ ... want to because my DH is feeling the itch before the weather gets bad! My grandmother [more...]

Date: 2008-10-09 13:00:05

Keep Digging!

It would be nice to think that one good thing to come out of the current disaster would be a rethinking of some of ... up pushing people to over-invest in their own homes. It’s bad economics, and it’s bad ... up its sales pitch for a $250 billion stimulus package called “Fix Housing First,” arguing [more...]

Date: 2008-11-24 13:13:33

When Watchdogs Snore: How ABC, CBS and NBC Ignored Fannie & Freddie

The two mortgage giants Freddie Mac and Fannie Mae — seized by the government September 7 before they went completely bankrupt, at a potential cost to taxpayers of more than $25 billion — have been in obvious trouble for much of the past five years — with criminal investigations, accounting scandals, firings, resignations, [more...]

Date: 2008-09-25 21:05:52

Revisiting the Supply-Side Thesis

Everyone’s attention has temporarily shifted away from the automaker bailout, to consideration of a vast Keynesian stimulus program, with some side-distractions relating to the personnel of the US Senate. Don’t worry about the automaker situation: it’ll be back on the front-burner next month as both GM and Chrysler LLC will have burned through [more...]

Date: 2009-01-06 10:46:00

House passes bailout

After a week of wrangling, lawmakers give final approval to historic $700 billion bailout. NEW YORK (CNNMoney.com) ... markets and ensuring an uninterrupted flow of credit to households and businesses,” he said ... catastrophic credit meltdown. There is no liquidity in the market. We are out of time. Either [more...]

Date: 2008-10-03 18:22:30

Parallels

Op-Ed: The Second Great Depression? Minyanville Staff Oct 06, 2008 2:45 pm This country has been living in false prosperity since the early 1980s: ... recent flow of funds data shows that total credit market debt is $51 trillion; our GDP is $14.3 ... by the Federal Reserve in the 1920s, leading to an unsustainable credit driven boom. Both Friedrich [more...]

Date: 2008-10-10 19:17:30

Battle Over Bazooka Point Lending

Paulson asked for and received the right to do damn near anything he wanted with the $700 billion bank bailout money appropriated by Congress ... it."The operative words in that sentence were "For now".Because of rising unemployment, rising credit card defaults, rising foreclosures, and the need to increase loan loss reserves, banks are sitting [more...]

Date: 2008-11-11 05:05:00

Bailout Passes Senate

Senate votes 74-25 to approve the measure in a dramatic desk roll call vote. The infamous twenty-five are listed here ... highway caused by bad mortgage loans,” Alexander said. “This should get economic traffic moving again and restore confidence so that Americans can get auto, student, mortgage, business, and farm credit [more...]

Date: 2008-10-02 02:31:10

Everyone Needs a Messiah

Superman, Batman, Spider-man. However you want to slice it, we need heroes in our lives ... , not us personally, but we contributed to it. We bought a house at the wrong time, using a loan that would be considered “sub-prime”, ramped up our credit card debt, and we would love to see a Deus ex Machina come [more...]

Date: 2008-11-03 05:00:50

In defense of borrowing short and lending long

Maturity mismatch is taking something of a beating in the comments, including from smart people like former co-blogger Winterspeak ... . A wheelbarrow is simpler than a car. It is less likely to break, and less expensive to fix when it does break. But I would still rather have a car to do my shopping. So what are the reasons [more...]

Date: 2008-09-23 23:16:20

Windows Vista Tips - How to Recover to an Earlier Point in Time!

Today, I decided to buy a new laptop since my previous two $2000 HP laptops keep dying on me constantly ... mode. (image credit) 2) Select “System Restore” and you will be able to select which “time” ... to restore to a point in time.  But the bad news is that I should have been able to boot my Vista at least [more...]

Date: 2008-10-08 04:22:04

What People Are Forgetting About Bailouts

Jerry Remmers recently had a guest post on TMV that summarized what is at stake in the Big Three Bailout ... of ideas is credit availability and solvency. I don’t think I have to waste many words describing how we are a credit driven economy, as that’s obvious. What is of more importance is that nearly [more...]

Date: 2008-11-16 18:55:18

Motorola Credit Rating Downgraded to Junk Status

It’s been a long time coming, but Motorola’s struggling mobile phone manufacturing business has finally caught up with its finances. Citing Motorola’s “operational challenges” that are not expected to fix themselves in the intermediate term, the Standards & Poor’s (S&P) Ratings Services has cut its long-term credit [more...]

Date: 2008-12-07 20:19:50

GWAS Playlist

This week's pick of pop culture, magazines & pretty things...1. The Confessions of a Shopaholic publicity machine is in full drive with Isla Fisher battling it out with the babes of Bride Wars (Kate Hudson for Australian InStyle and US ELLE), He's Just Not That Into You (Scarlett Johansson for US Harper's Bazaar) and Gossip Girl ( [more...]

Date: 2009-01-16 00:50:00

Now is Not The Time to Panic

“I know people are scared watching the markets unravel. Don’t panic. That is the worst thing that you could do in a market like this. Think about it ... and remember this too shall pass. We will not fix decades of overspending, a housing bubble and credit ... was one approach to fixing the financial institutions that we need to remain healthy [more...]

Date: 2008-10-07 16:39:05

Deal Journal] Bottom Feeding: Banco Santander of Spain is in advanced talks to take full control of Sovereign Bancorp, ... the credit crisis? Look to a measure called Value at Risk, or VaR, explains Gordon Crovitz. WSJ ... a program to buy mortgage-backed securities. The United Arab Emirates will guarantee domestic bank [more...]

Date: 2008-10-10 14:10:24

How Could You NOT Talk About It?

Everywhere in the blogosphere you’ll see people writing about finances and couples. The advice is the same, to be honest, etc. Here’s the thing ... on some of my ideas for fixing stuff. Usually he’s got an idea of what stuff costs and his own ideas about what he’ ... about my credit card debt about 8 years ago. Even then, that boyfriend wheedled it out [more...]

Date: 2008-11-18 14:33:33

SMX East: Give It Up

SMX East: Give It Up Give It Up: White Hat Edition - This session has SEOs sharing favorite, little-known and powerful techniques that wont get you banned in search engines from trying. Moderator: Danny Sullivan, Editor-in-Chief, Search Engine Land Speakers: Michael Gray, President, Atlas Web Service Kimberly Krause Berg, [more...]

Date: 2008-11-07 17:00:00

Healthy Cookies?

essere sano/being healthy I am so excited the weekend is here! My only wish is that it was more than two days ... when I get in my car to go to work on Mondays and disappears when I leave Friday nights). But, I am excited ... t get credit and would have to wait until the spring. Ugh! Luckily, we have a new member of our staff [more...]

Date: 2009-01-10 12:53:31

What’s the Opposite of Leadership?

When last we spoke, the Dow was starting Friday in freefall while all eyes turned to a meeting of the G7 called by the chief executive of the United ... it all up with, “splunge!” The next day, the IMF mostly followed the G7’s “lead.” That was all very bad news ... up the credit market (and, ideally, provide time for more and better long-term changes to [more...]

Date: 2008-10-13 12:21:38

Wednesday's comment from the papers in...

Daily_fix_top_20 Today in Times Comment Daniel Finkelstein: If he looks like a cop, it's a problem Alice Miles: One bank crisis + 33 ministers = indecision Andy Martin: Why you can bet that a good read will be truly bad Robert Crampton: Getting a green light for feeling good Magnus Linklater: Don't worry [more...]

Date: 2008-10-08 07:12:15

The Fed Translated….

The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 1 percent ... Greenspan is being blamed, in part, for causing the credit crisis by leaving interest rates too low ... the world is damping the prospects for U.S. exports when other countries are in bad economic straights [more...]

Date: 2008-10-29 20:41:31

Refinancing When You Owe More Than The Home Is Worth

I've been looking around for an answer to this but my searches haven't returned anything useful ... ? Was all the refinance hype only because the markets kept going up? Is this the reason why people who got an bad loan ... to the utter limit for 100% financing could refinance into more favorable loans as their equity picture [more...]

Date: 2009-01-08 09:54:12

Economic Potpourri December 13, 2008

Once again news is flying out of every corner at record speeds. Here are a few headline news reports of interest from the past couple days ... in March than they are now. This is a bad decision by Citadel.Natural Gas Falls on Demand Concern After Auto Bailout RejectedNatural gas futures in New [more...]

Date: 2008-12-13 22:34:00

The Obamamercial Live

Live blogging the Obama Infomercial .... so you don't have to. (see this, this, this) Wheat .... Flags .... Fans in slow motion ... of energy independence. The Green Economy. American built hybrids and a tax credit to buy them ... for it all without raising taxex, line by line fixing of the budget. Iraq. OH, nice job. Segue [more...]

Date: 2008-10-30 01:00:00

Does Short Term Financial Fix Can Really Solve Financial Problems?

Most people would do anything to solve financial problems, as financial problems almost always come along with relationship problems ... as a solution by family facing financial hardships. Come in the form of payday loans and cash advances ... are installment loans - a certain amount of loan should be paid back at the definite due date until [more...]

Date: 2008-09-22 09:27:15

The choice: getting out of the credit mess, or sink into a depression

One of the most alarming things about all the bailout talk is that the Community Reinvestment Act is still in the books . Why should this matter? ... or employment history and little or no savings or credit history. The intellectual start of this mess ... Because it’s at the heart of the current credit crisis. Harvey Golub writes in today’s Wall Stret [more...]

Date: 2008-12-09 14:27:33

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