Habits That Lead To Debt
Avoiding debt isn’t hard but if you make common errors that a lot of people do make, you can find yourself going down the wrong path in life ... the fine print before you start using it. Get your free credit report The government allows all of us Americans to get a free credit report every year with no strings attached. I would highly advise [more...]
Date: 2008-12-08 20:43:02
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Ovation Credit Services
Having a bad credit report has so many disadvantages specially here in the U.S. That is a hard reality I've realized ... help from the experts. Ovation Credit offers one of the best credit repair programs. Attorneys ... a place to live. Why? Because companies, governments, and others always checks your credit history [more...]
Date: 2008-12-04 03:59:39
freecreditreport.com scam exposed AGAIN
I've often written about the freecreditreport.com scam. The website is run by the credit bureau Experian. Over at Smartmoney ... being locked into the $14.95/month credit report monitoring service that the company sells is down ... to the government-mandated annualcreditreport.com site where you can get an actual free credit report required [more...]
Date: 2008-12-07 12:49:45
States, Cities Hit Hard by Credit Crisis, Falling Revenues
Even though the markets are looking for a boost from the expected passage of the bailout bill, ... office projects tax collections to fall $1.3 billion below what it expected in a July 30 report ... in the credit markets. Some government bodies have gone as far as cutting spending. California is at risk [more...]
Date: 2008-10-03 17:41:43
Lousy retail sales report sends stocks lower
The NYT reports: The government reported on Wednesday that retail sales fell for a sixth consecutive month in December, as Americans holstered their credit cards and cut back on spending, even as stores offered discounts of 80 percent to entice shoppers. Sales at department stores, restaurants, gas stations [more...]
Date: 2009-01-14 16:59:32
Wash. Post uncritically quoted Bush assertion that "there can be little debate" his policies kept us safe
A January 16 Washington Post article reported that in his January 15 address, President Bush " ... attack on our soil." The Post did not point out that a Government Accountability Office (GAO) report ... credit for a lack of additional attacks on U.S. soil. While "most Americans were able to return [more...]
Date: 2009-01-16 13:27:34
Banks? Credit Quality Expected to Worsen
Kerry E. Grace reports: Although government support has buoyed U.S. banks, the industry will likely experience overall credit quality deterioration at least through this year, according to a report published Tuesday by Standard & Poor’s Ratings Services. S&P [more...]
Date: 2009-01-06 09:09:00
It Is The Bank of AMERICA After All
Just nationalize the lot of them and end this. Bank of America, the largest U.S. bank, is seeking billions of dollars of government aid after it realized that credit losses ... to report its quarterly results on January 20. "Bank of America appears to be in meltdown," said Anton [more...]
Date: 2009-01-15 16:38:00
DrumBeat: October 19, 2008
Gazprom Debt Priced as `Distressed' Amid Russian Market Turmoil (Bloomberg) ... .'' Credit-default swaps on Gazprom, the state-controlled monopoly for natural gas exports, climbed 79 ... because of the risks from the global credit crisis, Interfax reported. The government will invest 175 [more...]
Date: 2008-10-19 13:59:58
U.S. Government Default?
Greg Ip reports:Thanks to the advent of credit derivatives -- financial contracts that allow investors to speculate on or protect against default -- we can now observe how likely global markets think [more...]
Date: 2009-01-13 12:36:00
Higher Ed Roundup: Week of July 14 - July 18
Dept. of Ed Requests Emergency Survey on Credit Transfers Few Colleges Join TEACH program New Repayment Program for Borrowers May Not Help All Who Need it, Report Says Dept. of Ed Requests Emergency Survey on Credit Transfers ... to give the federal government more authority to regulate traditional colleges' transfer of credit [more...]
Date: 2008-07-19 00:31:00
Housing Bill a Major Threat to Privacy
Shares in stricken government-chartered mortgage giants Fannie Mae (FNM) and Freddie Mac (FRE) ... up in the final version of the bill: 1) Nearly all credit-card transactions will be tracked and reported ... fingerprint registry. Let's start with the credit card (and debit card) provision first. Former [more...]
Date: 2008-07-24 14:03:21
Caterpillar’s infrastructure prospects
Standard & Poors rates Caterpillar a strong buy because of its potential to sell a lot of tractors as governments around the globe build bridges, ... the purchase or lease of equipment or on major repair and maintenance, according to a recent report ... frozen credit markets was evident in September 2008 at the height of the credit crunch [more...]
Date: 2009-01-06 16:47:51
William O’Donnell and others at financial giant UBS issued a report earlier in the week noting some reluctance by investors to buy government bonds ... the credit crunch, investors have demanded a greater premium on securities backed by mortgages, which means [more...]
Date: 2009-01-08 17:39:53
Solar Cell, Module Costs to Fall Dramatically
Good news for home and building owners considering installing solar systems: ... credit for homeowners that was included in the Federal government's $700-billion financial industry ... Industry” report. Adding in expected production of thin film PV will add another 10% a year to this growth [more...]
Date: 2009-01-14 16:34:25
DrumBeat: January 14, 2009
DrumBeat: January 14, 2009 Obama energy goal hard to meet: Bodman WASHINGTON (Reuters) ... in energy prices, but this would not affect its $2.3 billion credit facility, the independent oil ... (Bloomberg) — Crude oil fell after a U.S. government report showed that stockpiles climbed [more...]
Date: 2009-01-16 17:22:13
N.J. man learns modifying mortgage to cut payments may impair credit rating
by Moe Bedard on September 29, 2009 · 0 commentsin American Nightmare To confuse consumers even more, not all lenders follow the guidelines.That may change on November 1, when lenders can use a new code to report them as a “loan modification under government program.” The code will clarify which borrowers have taken modifications, but because the modification process itself is not streamlined, it won’t be the only worm squiggling out of the can.The bigger impact on credit scores may depend on how [more...]
Date: 2009-09-29 13:48:05
Flotsam and Jetsam
Flotsam and Jetsam Jennifer Rubin - 11.25.2008 - 8:12 AM Bloomberg reports: “The U.S. government is prepared to lend more than $7 ... last year, to rescue the financial system since the credit markets seized up 15 months ago.” ... its opponents mistakes and fumbles in order to score, that team probably will lose.” The smartest take I’ve [more...]
Date: 2008-11-25 13:12:53
FDA Failing on Food Safety, Needs Money
by Joaquin Sapien Credit: Rosi Maslarska As the Food and Drug Administration continues its investigation on the source of salmonella-tainted tomatoes that have sickened 228 people across the U.S., a Government Accountability Office report ... a letter to Leavitt, stating this "submission undermines the work we have been doing to obtain [more...]
Date: 2008-06-13 16:43:00
Tories versus loan companies
Tory Housing Spokesman Grant Shapps recently published a report entitled Pay-Day for Loan Sharks which complains that companies lending small sums of ... 10,000% APR. The big conclusion here is that lack of competition in the Payday credit market ... , but if the government thinks that the problem will be solved by lower official interest rates then this re [more...]
Date: 2009-01-09 12:08:03
DrumBeat: January 14, 2009
Obama energy goal hard to meet: Bodman WASHINGTON (Reuters) ... prices, but this would not affect its $2.3 billion credit facility, the independent oil and gas ... (Bloomberg) -- Crude oil fell after a U.S. government report showed that stockpiles climbed [more...]
Date: 2009-01-14 13:55:13
Second Bailout US$20 million for Bank of America
Bank of America gets fresh fund from government bailout Troubled Assets Relief Program (TARP) ... , executive board compensation, modification on residential credit program implementation. With $20 ... report and also before senates do vote for $700 millions USD for second bailout as the President proposal [more...]
Date: 2009-01-17 19:32:44
3rd Wave of Foreclosure Hits The Jobless
People With Traditional Mortgages Who Have Lost Their Jobs Are Now Facing Foreclosure (CBS) ... up. With a government job, good credit, and a 30 year fixed rate loan on her southern California house, Judy ... swept up are not greedy investors, or people who got in over their heads with bad loans, reports CBS [more...]
Date: 2008-11-29 06:00:20
Stocks fall as retail sales show steep drop
NEW YORK (AP) -- Volatility battered Wall Street again Wednesday after a disappointing retail sales report reminded investors that country is either ... on the faltering economy following stepped up government efforts to revive the stagnant credit markets. "Even [more...]
Date: 2008-10-15 16:06:23
ATMs Are Signs of Progress in Iraq
The first ATMs have opened in Iraq since the invasion five years ago -- an encouraging factoid contained in a new by-the-numbers Defense Department report about progress in the country. In fact, there are now 20 ATMs in Baghdad, where the banking ... with dollars to pay government employees. Some restaurants even accept credit cards these days [more...]
Date: 2009-01-16 15:24:00
Read FDA Failing on Food Safety, Needs Money
FDA Failing on Food Safety, Needs Money by Joaquin Sapien - June 13, 2008 11:43 am EDT Credit: Rosi Maslarska ... tomatoes that have sickened 228 people across the U.S., a Government Accountability Office report ... a letter to Leavitt, stating this "submission undermines the work we have been doing to obtain [more...]
Date: 2008-06-16 22:07:35
Bank of America reports $2.39 billion loss
Escalating credit costs forced Bank of America Corp. to report a $2.39 billion fourth-quarter loss Friday, hours after it convinced the government it needed a multibillion-dollar lifeline. [more...]
Date: 2009-01-16 15:16:20
Few following DIAC in Gershon hiring drive
Most large federal government agencies this week said they had no plans to follow the Department of Immigration and Citizenship's lead in hiring a ... recommendations. Razor: Gershon and Tanner Sir Peter Gershon and Lindsay Tanner (Credit: Brian Hartigan) The Gershon report, which has been endorsed as an action plan by Federal Cabinet, found [more...]
Date: 2009-01-15 05:57:02
The Administration’s Latest Critic: The Chamber of Commerce
by Jake Bernstein - Aug. 13: This post has been corrected. It's almost rote by this point ... and is designed to help employers confirm the work status of new employees. (Credit: ProPublica) On Aug. 11 ... . The program has been beset by troubles. A June 10 congressional hearing and a report (PDF) by the Government [more...]
Date: 2008-08-13 14:45:00
Bailout Nation: "If we bail out Detroit, where do we stop?"
The unprecedented government takeover of Fannie Mae and Freddie Mac has ushered in a new era of government intervention in corporate ... is a bad credit risk -- the corporate equivalent of a subprime borrower looking for a huge mortgage ... billion in low-interest loans, the L.A. Times reports. There are also whispers on Wall Street [more...]
Date: 2008-09-11 00:30:25
Russia’s oligarchs queue for loans
Russian oligarchs are lining up for $78bn of Kremlin loans to survive the credit squeeze, handing Prime Minister Vladimir Putin the opportunity to increase government control of the nation’s biggest companies, reports Bloomberg. More than 100 business leaders are vying for loans [more...]
Date: 2008-12-22 05:32:23
The Garrett, Watts Report (Oct. 16, 2008)
To Our Clients, Colleagues and Friends, · As we look at the global credit freeze, ... billion. The government has taken over the banks and gone to Russia for a bail-out loan - but Putin ... Atlantic for his Navy, so now, Iceland will get the loan and Putin will probably get a re-fueling [more...]
Date: 2008-10-16 11:48:24
Corporate Execs, Boards & Climate Change: What, Me Worry?
Climate change adaptation and mitigation is largely a non-issue for executives at the world's largest apparel, pharmaceutical, ... concludes its report with a list of recommendations for corporate executives and boards of directors. *Image credit: Norman Mingo, MAD Magazine A Corporate Governance Framework for Climate Change [more...]
Date: 2008-12-11 20:40:59
Treasury’s Handling of the Bailout: “Bad News and Worse News”
This is how Barney Frank characterizes the the Government Accountability Office’s (GAO) first oversight report on Treasury’s administration of TARP (aka “$700 Billion Bailout” ... s decision to use TARP funds entirely to recapitalize banks and consumer-credit companies rather than [more...]
Date: 2008-12-11 18:51:33
Bank Bailout Puts Taxpayers At Risk
ABC News' Betsy Stark reports: It all feels less frantic than the government's rescue of the financial system a couple of months ago -- and we can ... , it is reasonable to expect more loan defaults on everything from mortgages to credit cards. And if banks ... these bad assets that are draining bank reserves and investor confidence. In other words, [more...]
Date: 2009-01-16 19:01:22
CDS report: Banks suffer as market rallies
European banks were under pressure in generally more positive credit markets on Friday, after the German government's €10bn capital injection for Commerzbank underlined the difficulties still faced by banks even after widespread bailout packages. Credit default swap spreads widened [more...]
Date: 2009-01-09 12:19:19
Third quarter results to dictate trend
The ongoing quarterly reporting season may dictate the market trend in the near term. Investors are bracing for poor quarterly earnings as high input costs, credit crunch, high ... billion in fresh government cash and a federal backstop against $118 billion of bad assets to help [more...]
Date: 2009-01-16 14:34:00
BizLinks and Open Comments | 1.16.09
Bank of America getting bigger bailout, reports new losses -- a rapid return to the trough Creative TARP Counting and the BAC Bailout -- the government floats a $20 billion check Credit Markets Showing Some Signs of Revival Analysts... [more...]
Date: 2009-01-16 13:48:48
The Government of Dubai Will Need $19 Billion Dollars in Loans to Stay Afloat This Year
Dubai’s refinancing needs to touch $15b http://archive.gulfnews.com/articles/09/01/16/10275943 ... refinancing requirements in 2009 are expected to touch $15 billion (Dh55 billion), according to credit rating agency Moody’s in its latest report. This is nearly half of the total refinancing requirements [more...]
Date: 2009-01-17 06:42:07
Bush signs controversial Anti-piracy Law
(Image Credit) After what seems like series of bad decisions and autographs to important government documents, ... . The law creates an intellectual property czar who will report directly to the president on how to better ... that the creation of this position would undermine its authority. The law also toughens criminal laws [more...]
Date: 2008-10-14 23:08:33
Bank of America loses $2.39 billion; gets more aid (AP)
Escalating credit costs forced Bank of America Corp. to report a $2.39 billion fourth-quarter loss, hours after it convinced the federal government it needed a multibillion-dollar lifeline to survive [more...]
Date: 2009-01-16 13:58:55
AMEX and CIT get bailout funds
GMAC is not alone in converting itself into a bank holding company in order to qualify for federal bailout money. Bailout Sleuth reports that American Express (NYSE:AXP) and CIT Group (NYSE:CIT) have done ... $3.39 billion in preferred stock to the government. Although it is known primarily as a credit-card [more...]
Date: 2008-12-29 15:17:32
CDS report: EU nation default risk touches record high
The cost of insuring debt issued by the Irish government leapt higher this morning as Europe's beleaguered credit derivatives traders swallowed hard ... to record highs according to credit default swap data provider CMA.... [more...]
Date: 2009-01-16 12:19:32
TOPWRAP 1-More economic pain seen in 2009, govt’s to pump up aid
Investors said good riddance on Wednesday to one of the worst years on record and prayed that massive government rescue plans will pull the global ... -term as bleak economic reports roll in, signalling more bankruptcies, bad debts and layoffs through ... struggling to pay off mortgages and credit card bills. “It has been a shocking year, hardly anything [more...]
Date: 2008-12-31 05:44:34
Oversight Panel Knocks Financial Rescue Plan's Lack of Transparency
A lack of transparency and the guidance of Treasury Secretary Henry Paulson have hobbled the federal government’s $700 billion financial rescue plan, ... losing their jobs and families unable to pay their credit cards.” ... by Harvard Law Professor Elizabeth Warren, in its monthly report, said the financial rescue program’ [more...]
Date: 2009-01-09 16:45:47
GM reports $2.5B 3Q loss, says running out of cash
DETROIT, Mich. (AP) -- General Motors Corp. said Friday it lost $2 ... to $6.9 billion, and government aid will be "essential" because of the slow economy and credit crisis ... closure of credit markets created a downward spiral in vehicle sales," Chairman and CEO Rick Wagoner said [more...]
Date: 2008-11-07 18:59:52
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
It's Getting Hard for the Porn Industry
TMZ reports that porn moguls Joe Francis and Larry Flynt are asking the government for a $5 billion bailout, ... of free porn on the Internet than the credit crunch. In any case, I will now take this opportunity to open the comments section to bad puns incorporating pornography and Congressional bailouts. [more...]
Date: 2009-01-07 16:32:00
Despite The "Sudden Stop" Kazakhstan Won't Be Calling On The IMF For Help
by Edward Hugh: Barcelona"The Kazakh government is ready to step in, ... Markets in Toronto say in a report only last week that, along with Latvia, the country's $100 billion oil-led economy is among the most vulnerable to the present global credit crisis and the skid-row [more...]
Date: 2008-10-21 10:17:00
The Note: Obama Waits on Change for January
ABC News' Rick Klein reports in Friday's Note: Change doesn’t have to wait until January. Sen. Ted Stevens, R-Alaska, is gone. ( ... has chosen not to play in the current crisis: “With the stock market plunging and the credit market entering a new freeze, cries are being heard for a new government intervention to prop up major financial [more...]
Date: 2008-11-21 13:21:47
