Weekend Reading: August 24, 2008
I’m going to keep this round up nice and short since my family isn’t doing so well with cold and fever running rampant ... closer before forming your opinion. Credit Report Versus Credit Score at Free From Broke – A nice primer that distinguishes credit report from credit score. 4 Things That We Can Do to Fix Our National [more...]
Date: 2008-08-24 04:31:38
Blog posts
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Videos
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Are You On The Credit Bureau's Blacklist?
By John Rasor your credit scores are not based on personal information like race, sex, or national origin ... report make up your credit score. Pretend for a moment that you are an underwriter working through ... , and deserve this loan, right? Could you be on the credit bureaus blacklist? Since [more...]
Date: 2008-12-22 16:07:07
For General Motors (GM) the News Keeps Getting Worse
The manic-depressive trading activity continues to cause nauseating headaches for the investors brave enough to own shares of the nation’s ... to a report from Credit Suisse that says shareholders may suffer as the company restructures. The analyst that researched the report cut his outlook for the company’s shares to just $1 each, down [more...]
Date: 2008-12-23 13:56:56
Your Choice: Doom & Gloom or Strategic Marketing
Well, the reports are out. The National Small Business Association is reporting (based on its 2008 Year-End Economic Report) ... marketing plan. Image credit: gothicburg, on Flickr Tags: achieve success, Business, economy [more...]
Date: 2009-01-15 16:09:27
Recession Gets Worse - The Fix Won’t Kill Ya
Recessions have a ripple effect on countries. Problems that start in one sector quickly spread to another ... and the real estate bubble, is now affecting job (the highest unemployment level in 16 years), credit ... released a report today highlighting the crisis. Here’s the key finding: Nationally, to maintain [more...]
Date: 2009-01-09 22:08:39
The Forgotten Man
It is a time of great economic gain, with strong positive aspects and a high stock market ... are reporting profits. But there are monetary and credit challenges, and international trade ... about the future of the nation. And it’s an election year. And then the credit crisis balloons because [more...]
Date: 2008-10-15 19:59:26
Countrywide On Brink Of Losing Lending License In Washington State
Countrywide Office In the latest of what seems like bad report after bad report for Countrywide, ... in the nation, and in fact largest lender in some markets. With today’s tightening credit markets, acquiring a loan to buy a home is getting harder and harder--now take out the top lender and just think how [more...]
Date: 2008-06-26 20:07:00
Taxpayer Advocate’s Recommendation: Go Easier on Taxpayers Experiencing Economic Hardship
Nina Olson, the National Taxpayer Advocate, has released her Annual Report to Congress (PDF) ... their car loans, credit card balances, student loans, or medical bills probably do not realize ... -payment installment agreements, may be more effective at collecting liabilities from taxpayers [more...]
Date: 2009-01-08 02:37:42
Obama Stimulus Consigns US to ‘Banana Republic’ Territory
The Washington Times reports: The United States will “look like a banana republic” unless it gains control over its budget deficit and federal debt, ... one measure of America’s creditworthiness — credit default swap spreads — already shows some deterioration. The worse a nation’s credit rating becomes, the more its CDS spread rises. U.S. sovereign [more...]
Date: 2009-01-16 16:52:42
REPORT: Credit lines increasingly hard to come by for auto dealers
Filed under: Car Buying Like him or loathe him, George W. Bush's clearest, most salient speech came almost a year ago on September 25, 2008 when our Harvard MBA president explained to the nation and the world exactly how bad the economy had gotten and why so much federal money ($700 billion-ish at the time) was being hurled at America's banks. The full speech can be found here , but one little section bears quoting: The decline in the housing market set off a domino effect across our economy. [more...]
Date: 2009-09-03 15:02:57
October home sales beat forecasts
By Les Christie CNNMoney.com NEW YORK (CNNMoney.com) — Despite a meltdown in financial markets, a credit freeze and soaring unemployment, housing ... according to a report out Tuesday from the National Association of Realtors (NAR). Analysts [more...]
Date: 2008-12-09 15:37:04
MORE MILLIONS SEIZED FROM THE NARCOS
NATIONAL ASSOCIATION OF FORMER BORDER PATROL OFFICERS Visit our website: http://www.nafbpo.org Foreign News Report The National Association of Former Border Patrol Officers (NAFBPO) extracts and condenses the material that follows from Mexican and Central and South American on-line media sources on a daily basis. You are free to disseminate this information, but we request that you credit NAFBPO as being the provider. Tamaulipas en Linea – Cd. Victoria, Tamps. [more...]
Date: 2009-09-30 16:08:15
NUMEROUS COPS DISCOVERED WORKING WITH CARTELS ARE DETAINED
NATIONAL ASSOCIATION OF FORMER BORDER PATROL OFFICERS Visit our website: http://www.nafbpo.org Foreign News Report The National Association of Former Border Patrol Officers (NAFBPO) extracts and condenses the material that follows from Mexican and Central and South American on-line media sources on a daily basis. You are free to disseminate this information, but we request that you credit NAFBPO as being the provider. [more...]
Date: 2009-09-29 23:28:48
Despite turmoil, pending home sales stronger than forecast
By Les Christie CNNMoney.com NEW YORK (CNNMoney.com) — Despite a meltdown in financial markets, a credit freeze and soaring unemployment, housing ... according to a report out today from the National Association of Realtors (NAR), and were down 0.7 [more...]
Date: 2008-12-09 16:18:03
We’re Never Going To Go Back To The Heyday
The News Journal reports from Delaware. “For Delaware in particular, key industries are sensitive to national economic conditions ... a certain credit score. Deborah combined the No-Document Loan with another loan and was able to buy ... . That point has been hammered home in recent weeks with employers dumping bad news on workers. ‘” [more...]
Date: 2008-10-24 15:48:52
Crisis? What Crisis?
Dennis Kneale on the Housing and Credit Crisis, June 27 2008 Dennis ... an isolated problem and that we already are working to fix it. I have to give credit to Dennis Kneale ... National Association of REALTORS®Back to the President’s Report Voices of Real Estate – [more...]
Date: 2008-11-29 19:00:54
Economic Potpourri January 17, 2009
Here are a few headline news reports of interest from the past few days on banks, oil, pensions, bankruptcies, the Vancouver Olympics, ... credit crisis.Berkeley, Ill.-based National Bank of Commerce was shut down and he FDIC said ... deposits. 27 down another hundred or more to go.Fed May Purchase Treasuries in Days to Ease Credit [more...]
Date: 2009-01-17 11:05:00
Time for a Taxpayers Revolt
Congress will be voting this week on the biggest give-away of our tax dollars to the financial sector in our nation’s history ... , many are skeptical as to whether the bailout will even restore confidence – and credit – to the banking system. As one report notes, “Doubts remain as to how it could immediately thaw the frozen money [more...]
Date: 2008-09-29 01:05:28
Should a Venture Capitalist be Head of the SBA?
I was starting to get really impressed with President Elect Obama’s cabinet choices ... doesn’t provide credit access to enough small businesses. So my question is: how will we fix ... States, according to the MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital [more...]
Date: 2008-12-24 04:43:15
Kremlin Declares its Sphere of Influence in Business
It is rational and logical for some governments to declare certain sectors of the economy as sensitive to national security, ... and shareholdings. Today Reuters reports (see below) on the announcement of Russia's list for 2009 ... site www.government.ru. "The main objective...is supporting their stability using not only credit [more...]
Date: 2008-12-26 15:20:56
US Treasury to rely on China and the Middle East to finance bailout?
The Wall Street Journal is reporting Financial Troubles Humble U.S. The U.S ... by bad debt and market distrust. This is a bittersweet moment in U.S. economic history. In one sense ... their diplomats to reassure other nations on questions of credit-worthiness," says former [more...]
Date: 2008-09-29 04:20:45
US Treasury to rely on China and the Middle East to finance bailout?
The Wall Street Journal is reporting Financial Troubles Humble U.S. The U.S ... by bad debt and market distrust. This is a bittersweet moment in U.S. economic history. In one sense ... their diplomats to reassure other nations on questions of credit-worthiness," says former [more...]
Date: 2008-09-29 04:19:47
Program Note
Program Note A few notes on the upcoming week at the site ... , just click on the "Donate" button on the top right of any page, and you can use a credit card or PayPal ... . I promise to report on everything I can get to while I'm in our Nation's Capital. Tune in Monday through [more...]
Date: 2009-01-18 05:39:23
NFL considers reducing teams' borrowing cap; Patriots sue bond insurer
By Aaron Kuriloff Bloomberg The National Football League will consider reducing the amount each team can borrow following turmoil in the global ... " on cheap, available credit to maintain cash flow, expand business and pay players, said Marc Ganis ... and to provide working capital," Fitch Ratings said in a June report. Ganis said the credit crunch [more...]
Date: 2008-10-15 19:41:36
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
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
Federal court gags on gag orders
National security letters have been a stain upon the U.S ... oversight. Some oversight, implying a bit of restraint. In a 2007 report (PDF) revealing ... , and consumer credit agencies. In these letters, the FBI can direct third parties to to provide [more...]
Date: 2008-12-17 02:41:48
Obama Formally Announces Tim Kaine As DNC Chairman
ABC News' David Chalian and Sunlen Miller Report: President-elect Barack Obama made a quick appearance at the Democratic National Committee ... , Howard deserves enormous credit for helping usher in a new era in Washington,” President-elect [more...]
Date: 2009-01-08 22:48:55
US News and World Report: The End of the Shopaholic Nation? (pfblogs.org)
Ideas we've been presenting since blog inception i.e. the Pooring of America - are starting to gain fame in the mainstream media. Again, gas dropping 50 cents is not going to fix the consumers problem. I don't care ... credit, and that credit is drying up by the day. Then in the past decade as the middle class loses [more...]
Date: 2008-09-20 21:59:02
Cameron Turns Back the 'Do Nothing' Charge Onto Brown
David Cameron has just announced a plan to abolish income tax on savings for basic rate taxpayers. Good ... David Cameron's National Loan Guarantee plan, which would get credit flowing again to businesses ... of tax• Raising the tax allowance for pensioners by £2,000• Publishing reports, for consultation [more...]
Date: 2009-01-05 12:41:00
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
Columbia, South Carolina as Microcosm of the Nation
The NYT reports: …This city in the center of South Carolina is an ideal listening post ... as the toll continues to mount from an era of financial recklessness — as banks cut credit [more...]
Date: 2008-12-23 01:27:46
Potemkin Nation
Potemkin Nation Posted by Stephen Green on January 3, 2009 at 11:36 am Some good seems to have come out of the credit collapse: ... of Russians said that media reports on the economy were biased and minimized economic problems; 30 [more...]
Date: 2009-01-03 18:36:26
Voting Consumer Alert!: Voter Registration Scams Asking for Social Security Numbers and Credit Card Information
Washington, DC - Shaun Dakin, CEO The National Political Do Not Contact Registry - Sign up for free at StopPoliticalCalls ... consumers to a report from the Federal Trade Commission (FTC) of a voter registration scam involving ... to immediately report them to the FTC at www.ftc.gov. Consumers who may have already provided [more...]
Date: 2008-09-25 15:38:02
Black baby steps
Rare is the reporter who writes about blacks and abortion. So give credit to Julia Duin, a-friend-of-this-blog who covers religion for The Washington Times ... last week by black activists against the nation’s abortion laws. Here is how Duin began her story [more...]
Date: 2008-06-30 16:32:12
Tales from Bailout Nation
So what’s it called when lending institutions make loans to people without the necessary collateral or cash flow to pay off the loan? Of course, we all know that this is called a “sub-prime loan”.So what has GMAC, the “financing ... have thrown at them:The New York Times reports that GMAC has begun making loans to borrowers with credit [more...]
Date: 2009-01-10 00:59:00
CDS report: Issuance keeps lid on market
The recent rally in European credit markets looks like it's losing a little steam, as companies like VW and National Grid rush to raise money in the bond markets, creating a weight of supply and a lid on any further improvement in spreads. European credit derivative indices across [more...]
Date: 2009-01-08 12:09:45
More Unemployed Workers, Fewer Jobs
More Unemployed Workers, Fewer Jobs by Tula Connell, Jan 14, 2009 Photo credit: catinatree The U.S. retail sector has been the most immune to the nation’s year-long jobs free fall, but that has changed in recent months and likely will get much worse. Today’s Commerce Department report on retail [more...]
Date: 2009-01-14 21:06:36
One of Nation's top Liberals admits Surge worked, Bush was right: But Anti-War faction of the Libertarian movement still silent
by Eric DonderoOne of the Nation's leading Liberal spokespersons Peter Beinart is admitting this morning in the Washington Post, ... credit to Republican President George W. Bush, and uses the term "courageous" to describe ... over the past two years, the New York Times reports. Returning to Iraq after long absences [more...]
Date: 2009-01-17 17:37:00
Don't Blame the Internet
Credit: Technology ReviewLast year, after the social-networking site MySpace found that its members included some 29,000 registered sex offenders, the nation's top state prosecutors demanded a technological fix, asking that the industry "explore ... to any significant degree," says the report, written by the Internet Safety Technical Task Force [more...]
Date: 2009-01-14 18:44:00
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
How's everyone enjoying National Homeownership Month?
My long-time friend and colleague Petulant posted earlier about home foreclosures setting a record for the first quarter of 2008 ... in 2007. The report by the Mortgage Bankers Association also found that more homeowners slipped behind ... multibillion losses when their investments in mortgage-backed securities soured. A credit crisis [more...]
Date: 2008-06-06 06:39:31
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