Bailout Binge: Zombie Edition

You know, Keyser has been ruminating a bit recently about the implications of printing ungodly sums of money to bailout people and companies that made bad decisions in the past and would go into bankruptcy if they didn't get bailed ... , and the only problem is this "credit crunch." So give them a few hundred billion dollars (in return [more...]

Date: 2009-01-17 18:22:00

Blog posts (293) | Videos (18)
 

Bank Woes? Foreclosures? Credit Crunch? A List of Scams From Kiplinger’s

"Think of a headline about the financial crisis, and criminals have found a way to exploit it. Bad credit? Bank problems? Home foreclosures? ... companies are counseling their clients to ruin—falsely claiming they can help repair credit reports ... by creditors.How to Avoid It? Find a legitimate credit-counseling agency at www.nfcc.org or www.aiccca.org. [more...]

Date: 2008-12-14 02:30:00

The Democrat Comic Opera

By Alan CarubaThe Democrats have lusted for total power for eight long years since the departure of Bill (the meaning of 'is') ... to throw billions at the credit liquidity problems brought on by Democrat “social justice” programs that actually required banks and lending institutions to make bad loans to people who could not pay [more...]

Date: 2009-01-06 21:54:00

Motor General

Apropos nothing, but curious anyway, this idea popped into my head while reading an auto bailout column on Slate by ex-Governor Eliot Spitzer ... the marketplace with cars people want, the car co.s are really only having problems due to the credit ... on Blagojevich was. But I’m digressing. Spitzer thinks a bailout was a bad idea, and a Washington “Car [more...]

Date: 2008-12-14 13:13:03

Credit Card Companies Are Closing Unused Accounts

Several GRS readers have written lately with the same credit card problem — but not the one you’d expect ... on to the accounts since they help my credit history. I just got some bad news about my oldest credit ... . And for my past loyalty they’re willing to potentially make me take a major hit on my credit score [more...]

Date: 2009-01-06 19:00:00

Depression Watch: you don't say

Daniel Hannan points out the obvious: We tried to warn you. We said that the bail-out would fail. We pointed out that nationalisation never worked ... , is that they will be told to meet the government's ethnic quotas, to redistribute a proportion of accounts of more than £50,000 to customers with credit problems, and create a number of sinecures for [more...]

Date: 2008-11-21 16:26:00

Brian Wesbury on the Bailout Vote

When it comes to understanding the economy, it's always smart to find out what economist Brian Wesbury is thinking. Here's his reaction (PDF) ... by Treasury. Second, any immediate relief (if there was really any coming) to credit problems ... . President Bush said that that if the Treasury Plan was not passed very bad things could happen. He said, “ [more...]

Date: 2008-09-29 20:25:37

Is it smart to stop paying the mortgage?

For those investors who are always looking for loopholes or ways to “get over” the establishment, let me tell you: You can’t beat the system ... that happen? No. Simply put. Imagine if you default on your loan. Your credit rating will suffer ... problems. Another alternative: Refinance with an FHA mortgage. Third, review your current loan. By any [more...]

Date: 2009-01-14 03:14:12

Whining

by hilzoy Phil Gramm, McCain's "Econ Brain" said this in an interview published yesterday: ""You've heard of mental depression; ... all the publicity over losing jobs to India, China, illegal immigration, housing and credit problems ... the economy is not as bad as you read in the newspaper every day."" Really? The stock market [more...]

Date: 2008-07-10 20:26:29

July 15th: How does one get $1 million in bank stocks? Start with $2 million.

What Capital Markets employee hasn’t dreamed of being a rodeo clown? “They put themselves in the line of danger every time they go to work ... housing and credit problems could claim more banks after the failure of IndyMac. Suntrust, National City ... for upfront and annual mortgage insurance premiums (MIP) on FHA loans. The Fed approved a plan Monday [more...]

Date: 2008-07-15 13:37:18

Mortgage Loans

There are times when we were not able to fulfill our dreams at the right time ... and it is very vital to move a single day in this planet.Many people with bad credit are affected by financial problems a lot.Since most lenders will not sanction loans for people with bad credit [more...]

Date: 2008-10-15 00:28:17

Six Simple Steps to Avoid Credit Problems in a Bad Economy

The New York Times ran a story today that says the next consumer crisis is credit cards — a sobering fact in a nation that has racked up massive amounts of credit card debt. Unfortunately, when times get hard, many people turn to credit cards ... this myself, buying things on credit when I had no other way to pay for them. I’m not talking about [more...]

Date: 2008-10-29 23:20:31

GA Mortgages: FHA Refinancing With Bad Credit

by Brenda Puckett You can’t turn on the television or open a newspaper or magazine without encountering a new headline showing the meltdown of the ... loan. FHA loan guidelines allow refinancing with higher debt ratios. They allow you to qualify ... guidelines due to past credit problems or because your home’s value has not gone up as fast [more...]

Date: 2008-06-20 09:12:32

Please Pass the October Surprise

By Catherine Shaffer I've always believed that mastery of vocabulary is at least halfway to mastery of the subject ... they used money. Who knew? Credit default swap: Halfway between an insurance policy and a racetrack ... about whom they otherwise knew nothing. No job? No documentation? No problem. We have a credit default swap [more...]

Date: 2008-10-11 13:49:49

Fed Researchers: Credit Vertigo Bigger Problem Than Funds to Lend

Corporate borrowers are so unsure about the lending landscape, and bankers are so concerned about risk that a “credit vertigo” has been created, ... that the credit crunch is the result of banks being short of cash to lend is not accurate, the researchers found. Instead, there is a complex mix of lower demand, higher standards and poor credit quality [more...]

Date: 2008-12-17 11:55:00

November Prices Sparks New Deflation Concerns

By: Roshawn WatsonA couple of months ago in a post entitled Why Those Dropping Gas Prices May Not Be A Good Thing, ... cycle that can cripple an economy.Image Credit: ClanThe real problem is the psychology of deflation ... declines.Not All Bad NewsFor example, food prices are continuing to increase; they are up by 6 percent [more...]

Date: 2008-12-26 12:00:00

Loans

This is an opportunity to every individual who does not have capital to start with a business ... you have decided for a vacation. Usually business financing nowadays is not easy to avail due to rampant bad credit problem but this company is readily open arms for financing your business and no assets [more...]

Date: 2008-12-05 13:51:00

Help Me

This is an opportunity to every individual who does not have capital to start with a business ... you have decided for a vacation. Usually business financing nowadays is not easy to avail due to rampant bad credit problem but this company is readily open arms for financing your business and no assets [more...]

Date: 2008-12-06 01:15:46

Helping to Explain the Bailout Issue

   Helping to Explain the Bailout Issue to Jittery Clients/Consumers Most of the consumers you talk with will not have a good handle - I am not sure anyone does yet - of the nature of the credit problem. In this short article, I hope to give ... /Freddie issued and now holds in their portfolio is reported as a bad investment because the value [more...]

Date: 2008-10-03 13:49:54

I Need a Car Loan & I Have Bad Credit – How Can I Get Auto Financing?

If you’ve got credit problems and need a car loan, you’ve probably been to the dealership, they’ve told you that it’s going to be hard and maybe even impossible without a down payment. It’s aggravating and you need some answers. With so many hard wor… Share and Enjoy: [more...]

Date: 2009-09-22 23:31:47

No Turndown Payday Loans

The presence of large number of lenders offering the same loans, it raises the bar of competition ... . All this is possible for the online from the financial support. In fact those with credit problems to perceive ... expense, such as an urgent car repair for somebody that relies on the due date, if the borrower [more...]

Date: 2009-01-15 20:17:37

Ukraine Wobbles As The Financial Ground Beneath It Trembles

The medium-term outlook (for Ukraine) is sensitive to both external developments and policy responses ... 2006 Article IV Consultation Staff Report (February 2007) Ukraine’s economy is in trouble ... market and credit crunchg problems at this point in time (but here, of course, there is no strength [more...]

Date: 2008-10-12 12:15:13

Credit Repair For Yourself

by Mary Bush Having a bad credit rating can be a serious problem affecting people’s lives in all kinds of ways ... of websites claiming that it’s easy to repair your credit. Some of these claims are at best dubious ... to repair an impaired credit rating, at least while staying within the law. That doesn’t mean, however [more...]

Date: 2008-12-28 18:23:45

Credit Problems?

Have you ever really sat back and thought about what happens in the back round while you go on with your life ... ! Did you know that 25% of Americans contain errors on their credit report that are serious enough ... you live it. One of the those items that constantly over shadows you is your credit report. Good, bad [more...]

Date: 2008-12-02 03:50:00

Some Observations on Where We Stand In the Financial Situation

By Irwin Nowick I had hesitated to make too many observations about the financial sector because it keeps on changing daily ... McCain - is now talking tough on debt instruments such as credit-default swaps and wants ... . More importantly, they are also the one’s who have problems getting loans and maintaining lines of credit [more...]

Date: 2008-09-24 04:51:03

Maneuvering through the Confusing Field of Legal Credit Repair

Credit repair is an important issue for many people, if bad or inaccurate credit is keeping them from buying the home or car of their dreams ... are guilty of adding to the problems by misleading clients in credit repair that is unethical or even illegal. If you follow the advice of a less than reputable credit repair organization [more...]

Date: 2008-12-03 19:47:00

enter the giveaway. You have a great chance of winning and entering is easy! (c) 2007-2008, That One Caveman, http://www.thatonecaveman ... Your Local Library Is a Valuable Resource One Week Without Cable - The Good and the Bad Early Thanksgiving ... to let little receipts build up into a huge problem.  I just looked at our credit card [more...]

Date: 2008-12-01 13:30:35

Car Loans

by Amanda J. Keppel Buying a car needs a reasonable amount of money which many persons cannot afford ... face problem of an adverse credit history. The lenders hesitate in offering a car loan to bad credit ... . Taking help of the car financers or dealers does not work as a good option. They charge high [more...]

Date: 2008-06-22 22:33:47

if vince lombardi ever addressed members of the mortgage industryhis message: ma

Coach Vince Lombardi who led the Green Bay Packers to many football champio hi was a stickler for the basics and the specifics ... it will be interesting to see who is left standing. The auto y of this debacle will be debated for years to come ... , financial ruin, bankruptcies, credit destruction and medical problems grounded in stre may have their roots [more...]

Date: 2008-06-20 18:34:34

Global Bailout Linkfest

Lots of news breaking this weekend on the coordinated, global bank recapitalization and bailout. Here are a few headlines ( ... : Wanted: A Good Bernanke Speech • Roubini: Our Choice • Me: Fix the Credit Problem ... (FT) • Fixing Housing & Finance: 30/20/10 Proposal (The Big Picture) • Why We Should Let [more...]

Date: 2008-10-12 13:15:00

Become Versed On How A Divorce Can Ruin Your Credit Report

September 19, 2009 | By Mike Jones In Blogging | The amount of marriages that finish off in divorce is a discouraging statistic. A great deal too many people are subjected to these painful breakups. As one goes through a separation not only is there the emotional sting but all too often it harmfully affects their money also. Oftentimes there are individuals who have been conscientious and unfailing with their credit for years who end up with major problems following a divorce. [more...]

Date: 2009-09-19 23:28:34

Free debt counseling: helps you to resurrect your financial condition

It is near impossible to get rid of mounting debts and further, if you do not make any proper arrangements to fix the problems, it can surely affect your credit score. A conscious effort should be taken to settle the issue and for that there is range of solutions available. These programs are varied and it becomes extremely [more...]

Date: 2009-01-17 02:33:14

Highlights and Lowlights of BofA’s Earnings Call

Bank of America moved its earnings announcement up to this morning to soothe investors after The Wall Street Journal’s report that BofA would need ... and $27 billion in credit costs. Many of the problems originated at Merrill Lynch, which had a loss ... Goldman Sachs research analysts noted wryly in a research report this morning. BofA CEO Ken Lewis [more...]

Date: 2009-01-16 16:01:30

The credit card sized tool

Keep this in your wallet and you will be the toast of party whenever there are any problems with machinery or just about anything, that needs to be fixed. All you have to do is whip out your tool and fix the problem. Features: Convenient credit card sized multi-function Pocket Survival Tool Made of high quality Stainless [more...]

Date: 2009-01-14 16:04:56

Credit and Debt Consolidation

Winter is the wonderful time to travel to the beautiful and warm places like Florida ... to her as of now she encountered a lot of problems such as credit cards, personal loans and many ... their bills, taxes, foods, mortgage, tuition fees, car repair and many unexpected expenses [more...]

Date: 2009-01-14 07:08:16

Banks Look To Fourth Quarter Trouble

Hope springs eternal. For several months now analysts and investors have believed that the fourth quarter would be a reasonable one for banks. A lot of the bad paper on their balance sheets would have been sold off or at the very ... by trouble with LBO paper, commercial real estate, and credit cards. This wave of problems could [more...]

Date: 2008-12-02 11:09:12

The American Way of Debt

On Sunday, The New York Times published a series of articles on The Debt Trap, ... profiles a Philadelphia woman who made some bad choices, bought into the myth of easy credit ... are just one half of the problem. The other part is a financial industry willing to grant more credit than [more...]

Date: 2008-07-22 12:00:27

10 Ways Your Identity Can Be Stolen

Who’s in your wallet? It might be more than a some dead presidents and a few bank logos ... everyone has gotten an email from X bank or Y credit card claiming there’s a problem, and if you could ... - This is ultra low-tech snooping.  Ever anounce your credit card number and expriation or SSN over the phone [more...]

Date: 2009-01-14 16:04:47

Morning Briefing for January 16, 2009

1. The Obama Tax Cuts Are Just Bait for the GOP Obama’s whole model is to lead by being unthreatening ... , it has become apparent that the plan has not achieved one of its pivotal goals – making credit available ... the problems it purported solved? 4. Tim Geithner Did What Leona Helmsley Did. She Went to Jail [more...]

Date: 2009-01-16 10:00:00

Fix the Credit Problem, Not its Symptoms

Two weeks ago Monday, markets traded down 300 points at the open ... decided that a bad bailout would have been better than none. Fast-forward to the end of last week ... credit to each other. Why? Because they do not understand the liabilities of their counterparties [more...]

Date: 2008-10-10 11:30:00

debt on a holiday

one of the problems being faced by people nowadays are bad credit reputation, be it on credit cards or phone bills and from other loan institution ... . and this are for people who are looking to get emergency cash right to their checking account safely ... their credit capability and hopefully their future, financially speaking. [more...]

Date: 2008-10-27 14:03:42

Maybe housing is fixing itself

Just in case the economy needs any "piling on" at this juncture, Ruth Simon and Michal Corkery provide it in this (free) report at the Wall Street Journal on tumbling home prices and the absence of even more government ... the government needs to do more to address the underlying problems that triggered the credit crisis [more...]

Date: 2008-10-15 15:01:00

Repairing Bad Credit

If you are having troubles in terms of bad credits, I have some good news to tell you? There are actually sites that can help you in solve your problems through credit repair. The site ... , www.repairyourbadcredit provides quality service in affordable cost and price rate to solve credit dispute [more...]

Date: 2008-10-17 12:17:15

I Need a Car Loan & I Have Bad Credit – How Can I Get Auto Financing?

If you've got credit problems and need a car loan, you've probably been to the dealership, they've told you that it's going to be hard and maybe even impossible without a down payment. It's aggravating and you need some answers. With so many hard wor... [more...]

Date: 2009-09-22 23:31:47

How To Buy A House

There has been a lot written about the mechanics of how to buy a house ... again you might even need a down payment to get a loan. A bad credit rating no longer just means ... . But what if you can’t get preapproved? What if you have little income, bad credit or other serious problems [more...]

Date: 2009-01-13 02:01:00

Rules for the Kansas City Obama Rally

The Rally for Obama on Saturday is going to be huge. They're expecting tens of thousands of people ... sewers. Just like Mayor Funky, give him a lot of credit for pointing out a problem rather than holding him accountable for fixing it. Overall, despite bad parking . . . It should be a great time [more...]

Date: 2008-10-17 11:47:39

Placement and Data

We finally got some data from the folks in Outer Administan with information about how students have done in math classes ... biggest problem is students with transfer credit. Seems that we have a lot of students ... that they need to bring to class a grade report or other information showing that they passed [more...]

Date: 2009-01-10 12:54:00

Medical debt adding to credit crisis and economic problems

For me this is one of the most disgraceful aspects of the Republican control in America ... led them to amass a pile of credit card debt and forced them to refinance the mortgage on their house ... where someone either went into debt or feared going into debt so opted for no health care or a bad [more...]

Date: 2008-10-30 05:57:01

Get A Fresh Start After Filing For Bankruptcy

Get A Fresh Start After Filing For Bankruptcy Posted admin in Uncategorized Comments Off Because of a number of problems that can arise, ... . There is credit counseling available when people are overwhelmed with debt and sometimes they even ... to consult with a bankruptcy lawyer, or a credit counseling service at the very least. Many people try [more...]

Date: 2009-01-17 18:00:33

Fatherlessness & Educational Problems

From cartoonist Signe Wilkinson . To her credit, she does prominently include "Dadless" as one of the major problems. Going strictly by the research, "Dadless" would have taken up the whole front row of seats. The "No Discipline" seat in the second row is also a direct consequence of fatherlessness. [more...]

Date: 2009-09-30 18:55:26

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