Automakers struggle with tight credit market (pfblogs.org)

Filed under: Ford Motor (F), General Motors (GM)Shares of General Motors (NYSE: GM) ... to this? If you believe the auto industry, it's a taxpayer-funded "loan" of as much as $50 billion. That's right: no private lender is stupid enough to throw good money after bad at the cash-burning Detroit auto [more...]

Date: 2008-09-23 22:30:53

Blog posts (114) | Videos (64)
 

The Economy is a Lie, too

Dr. Roberts is a former assistant Secretary of the Treasury, so he knows whereof he speaks on economics issues. And, for the record, he was equally scathing of economic policy under Bush II’s regime. Flashback: US credit shrinks at Great Depression rate prompting fears of double-dip recession | Nassim Taleb on the economy: ‘We still have the same disease’ | Flaherty sees deficit, debt, and timetable to return to surplus all expanding | Investors dump money market funds | Scotiabank: [more...]

Date: 2009-09-22 12:19:52

What Obama's trying (Applause) to tell union folks these days (Applause)

After narrowly escaping a roundtable discussion with workers in Ohio today, President Obama flew into Pittsburgh to address the AFL-CIO convention. And he turned it into something of a pep rally. Or a coach's halftime locker room talk without the garbage can kicking. Obama needed 10 thank you's just to quiet the crowd before he said a word. He claimed to be blushing. Think they like him? We said Tuesday morning the president was returning to the campaign trail and, boy, did he ever in Pittsburgh. [more...]

Date: 2009-09-16 01:04:00

September 11 2009: Through the prism of fraud and poverty

Timothy H. O'Sullivan He sleeps where he fell May 1864 Spotsylvania Court House, Virginia. Dead Confederate soldier near Mrs. Alsop's house. Grant's Wilderness Campaign, May-June 1864 Ilargi: I’ll try to take a slightly different approach today, while remembering the dead, and let someone else do the talking for a change. Yesterday, I picked up the article below, written by an investment adviser named J. S. Kim, who puts his finger right where it hurts most. [more...]

Date: 2009-09-11 16:01:00

What Auto Lenders Look for While Offering you Car Financing?

Amazon.de Widgets Auto financing industry is growing leaps and bound with the increased demand for vehicles among people. They are no longer luxuries; rather necessities of modern life. Scores of auto financing lenders have cropped up in the loan market to help people in this regard. They are giant private sector banks, financial institutions, and individual lenders. The parameters of loan approval vary fro lender to lender. In this article we will talk about the common parameters required by all lenders. [more...]

Date: 2009-09-26 08:10:08

The Inflation/Deflation Debate is Hot

The inflation/deflation debate is hot... It crackles and pops like a pine fire. But it gives off little helpful light. Abe Lincoln may have read by the light of an open fire. But when tried it, we singed our eyebrows. It made us suspicious of Old Abe; maybe he wasn't quite as truthful as he pretended to be. Later, we realized he was a mountebank. But that's another story... Today, we light a candle and try to interpret the shadows on the wall... Yesterday, the Dow fell 81 points. [more...]

Date: 2009-09-25 05:38:25

How to find good auto loans

Author : Jamie Hanson With the ease of buying things where you need to invest a huge amount, there are easy ways to make the payments too Whether you are searching for a home, auto or education, you have to put in a huge amount And in the financially strained economy, people often apply for loans to ease their financial burden But at the same time they have to look for lending companies or financial institutions that present them the excellent offer Once you have purchased a vehicle for [more...]

Date: 2009-09-14 08:29:24

G20 nations meet as protests flare on issue of international banking regulation

Again, the summit is being presented as a way to get the bankers, when it is in fact a further centralization of banking power. The picture below tells you much of what you need to know about the G20. And for new readers, it’s not that banks are inherently bad. But at the international level, economies are being governed now by a syndicate of privately held central banks that operate above the law and print money with which to acquire real equity. [more...]

Date: 2009-09-24 22:35:28

ScamBuster 263

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Date: 2009-09-03 06:57:07

The Secrets Of Auto Refinance

The Secrets Of Auto Refinance by Alisa JohnsonHave you ever heard someone saying “refinancing my mortgage”? Do you know what that means? If your answer is “No”, it wouldn’t be shocking. There are so many people out there who would not know about this alternative. As we know that a personal finance help you always go for mortgage loans. These could be understood as loans that are taken against some collateral securities, more popularly understood as the secured loans. [more...]

Date: 2009-09-24 23:18:44

Obama's Empty Promise, GOP Introduced 35 Different Health Care Proposals That POTUS Won't Discuss

According to the Democrats, the opposition Republican party only knows how to say no. In fact one of the President's constant refrains is "where is their plan?" He also promises to meet with anyone to listen anybody who has other legitimate ideas regarding fixing the US heath care system, but that is an empty promise.  Since January of this year, the Republicans have introduced 35 different health care proposals, sadly President Obama is not serious about wanting to listen to alternative proposals. [more...]

Date: 2009-09-11 14:21:00

Frugal Bang For Your Buck: Easy Ways To Cut Expenses

In Step 3 of Simple Steps for Frugality , we talked about getting the most bang for your frugal buck. What are the quickest ways you can slash your expenses so that you don't lose momentum? Since everyone has different spending in different categories, here are several suggestions on ways you can simplify the madness, and find extra dollars to throw at your future. Housing 1. Rent A Room: Make sure you have a written agreement that details out responsibility, chores, etc. [more...]

Date: 2009-09-12 17:10:00

The Recession has Technically Ended: Surely You’re Joking, Mr. Bernanke!

by Bob Chapman Global Research September 19, 2009 To borrow from an old joke about politicians, we ask our subscribers if they know how to tell when Helicopter Ben Bernanke, the current Fed Head, is lying. Answer: Whenever his lips are moving. Now we hear from the Dollar-Destroyer that our recession has technically ended (heaven forbid that we should call our current Fed-caused calamity a depression, which is what it has been since Obama took office). [more...]

Date: 2009-09-20 12:02:50

What Everybody Ought To Know About Auto Refinance

by Alisa Johnson Some people talk about finances and use terms like “refinancing my mortgage”? But have you ever thought about the fact what it means and if you don’t know then don’t feel bad as a lot of people don’t understand it too. Mortgage loans are a good option when you are looking for personal finances to get things in order. These can be explained as taking loan against the collateral securities, which are termed as secured loans too. [more...]

Date: 2009-09-24 23:31:19

Where has the Bailout Money Gone? Good Billions After Bad

Where has the Bailout Money Gone? Good Billions After Bad Vanity Fair by Donald L. Barlett and James B. Steele As the Bush administration waned, the Treasury shoveled more than a quarter of a trillion dollars in tarp funds into the financial system—without restrictions, accountability, or even common sense. The authors reveal how much of it ended up in the wrong hands, doing the opposite of what was needed. Just inside the entrance to the U.S. [more...]

Date: 2009-09-28 06:17:36

The Recession has Technically Ended, Is Bernanke Joking?

Economics / Recession 2008 – 2010 Sep 19, 2009 – 12:37 PMBy: Bob_Chapman To borrow from an old joke about politicians, we ask our subscribers if they know how to tell when Helicopter Ben Bernanke, the current Fed Head, is lying. Answer: Whenever his lips are moving. Now we hear from the Dollar-Destroyer that our recession has technically ended (heaven forbid that we should call our current Fed-caused calamity a depression, which is what it has been since Obama took office). [more...]

Date: 2009-09-20 13:34:31

September 15 2009: Trumbull County Complaints

Esther Bubley Where’s the candy? July 1943 Spectators at the parade to recruit civilian defense volunteers, Washington, D.C. Ilargi: I don’t want to listen to those speeches anymore, I don’t want to hear Geithner say that it's "unfortunate" (as in: but necessary) that the man in the street has to pay for banks' losses. Most of all I don't want to hear Obama state that the salaries of bank executives should not be regulated because those of NFL players are not. [more...]

Date: 2009-09-15 16:01:00

Add Your Comment:

« PreviousLatest Column Next »Bipartisan Health Care Talks Push On How to Pay for Health Care Posted by Joe KleinThursday, September 3, 2009 at 10:06 am 66 Comments • Trackback (0) • Related Topics:health care I just had a thought: With the Republicans pretty much out of the health care picture now--although one or two (the women from Maine) will be necessary to get the President's proposals past the Senate--Barack Obamais free to reconsider how he'd pay for the expansion of coverage. [more...]

Date: 2009-09-03 14:06:13

ScamBuster 268

I am Mr.patrick chan,Director of the Hang Seng Bank Ltd, hong kong. An iraqi man made a fixed deposit of (30,millionUSD) and he died with his entire family leaving behind no next of kin, am ready to share 60/40 with you if you choose to stand as my deceased client next of kin.if you are interested please notify to send to me this information. 1. YOUR NAME: 2. YOUR RESIDENT ADDRESS: 3. YOUR OCCUPATION: 4. YOUR PHONE NUMBER: 5. DATE OF BIRTH: 6. [more...]

Date: 2009-09-10 08:10:54

Auto Finance News - How to Find Automobile Financing Lenders in US?

Amazon.de Widgets A vehicle has become a necessity in US for either commuting to your work place or any other place. However purchasing a car with cash is not everyone’s cup of tea. For which an auto loan comes out to be a best option to fulfill your necessity without using your saved money. Before few year people had to roam from one lender to another for loan approval with loads of paper in hand. [more...]

Date: 2009-09-19 12:23:17

That Giant SUCKUP Sound

Note: This column originally appeared at Pajamas Media on Thursday morning. _________________________________________________ Let’s see ... s separate from the bailout fund. Then there are the “efficient car” loan guarantees already on schedule ... had congressmen known how Treasury would really use the money. Too bad; now it’s too late. It’s not only [more...]

Date: 2008-11-22 13:40:51

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

Weekly Economic Potpourri November 29, 2008

Every week there are a numerous headlines that are worthy of mentioning but I simply run out of time. Here are a few headline news reports of interest from the past week.Japan’s Factory Output Falls as Turmoil Hurts ExportsJapanese manufacturers reduced production in October and plan further cutbacks as a worsening global financial crisis weakens [more...]

Date: 2008-11-29 18:46:00

Car Finance: The Many Uses Of A Payday Loan For Auto Loan

Amazon.de Widgets Car Finance: The Many Uses Of A Payday Loan For Auto LoanAre you interested in a payday loan for auto loan? This is a type of payday loan that is short-term in nature, easy to qualiify for, and involves auotmobiles in some way. For example, a person might consider taking out a cash loan in order to make a payment on a car. This is certainly not a bill to take lighty, as most car dealers (especially in their failing economy) will not hesitate before sending a repo man to pick the car up. [more...]

Date: 2009-09-15 22:02:12

10 Facts Every American should know about Baucus Health Plan

10 FACTS EVERY AMERICAN SHOULD KNOW ABOUT SEN. BAUCUS’ COSTLY GOVERNMENT-RUN HEALTH CARE BILL GOP LEADER: “THIS PARTISAN BILL IS THE WRONG PRESCRIPTION DURING THESE TOUGH ECONOMIC TIMES “ September 23, 2009 | House Republican Leader John Boehner (R-OH) | Permalink As the Senate Finance Committee gets set to begin its second day examining Senator Max Baucus ’ (D-MT) costly government run-health care bill, House Republican Leader John Boehner (R-OH) [more...]

Date: 2009-09-27 03:00:40

Blocking, Tackling & Running: Leveraging a Crisis Into Real Change

There's a fairly well known cartoon of two scientists working out a problem on a chalkboard covered with complex equations and down in the circle is a little circle with the key step inserted in small print - "and then a miracle occurs". Wouldn't it be nice if we could take the same short-cut to fixing the horrendous shopping list of significant [more...]

Date: 2009-01-16 20:07:11

Deals of the Day: Good Riddance to 2008

Today in Bailouts Everyone gets a car: General Motors sweetened customer incentives a day after the federal government committed $6 billion to ... stabilize auto-loan provider GMAC. WSJ Related: There were plenty of poorly handled bailouts ... , I don’t know.’” That is true of so many thing. Vanity Fair Mergers & Acquisitions Credit Suisse [more...]

Date: 2008-12-31 12:01:16

Top Tips On Auto Refinance

September 24, 2009 | By Alisa Johnson In Finance | by Alisa JohnsonDo you have any idea about “refinancing my mortgage”? Most of the answers will be “NO”. So many people around you do not know about this process. We all know that, personal finance loans will always help you when you are in need of financial help. The loans we take will help collateral securities that are called as secured loans. [more...]

Date: 2009-09-24 23:24:17

The Poverty Business

Sorry if this appears to be an older article, and not latest headlines, just thought it was interesting - loki The Poverty Business Inside U.S ... into Byrider, Tsosie drove off, jubilant, in a 1999 Saturn subcompact she bought entirely on credit ... access to credit has put cars, computers, credit cards, and even homes within reach for many [more...]

Date: 2009-01-15 00:45:24

Can I buy a car with bad credit?

Ownership of practically any form of property or investment, even that of a car, irrespective of your fiscal standing is possible today! However, in the case of one who is laden with bad credit, the challenge does deprive you of the chance to negotiate the interest rate, but it is definitely not one that is impossible. A car loan is possible for a person with bad credit. [more...]

Date: 2009-09-09 02:24:34

It Isn't Over Until the Fat Lady Sings

Big caveat: even though we have very strong opinions, we do not give investment advice. What we provide (aside from commentary) ... . ``The patient that got drunk on credit growth needs to go into rehabilitation. To give him more alcohol ... or not the market signal is correct, we don't see the credit/economic [more...]

Date: 2008-10-21 07:42:03

Better Deals On Loans

Author : Melissa Kellett Whatever loan you may be looking for, there are some do's and dont's regarding the deal you close Secured or unsecured? Good or bad credit? Mortgage or personal? There is always an adequate loan for each situation, for each need and each taste Look into this concise but exact article that may enlighten you towards a good deal on a loan and a better ending at the end of the payment term Secured Or Unsecured? [more...]

Date: 2009-09-26 07:31:07

Merry Christmas & Happy Holidays to All!

U.S. Falls Deeper into RecessionBy Alister Bull ReutersWASHINGTON (Reuters) ... a recession ushered in by a credit crisis in the United States, with Japan and Germany becoming the two latest ... and their incomes shrank, according to a Commerce Department report that pointed to deepening recessionary [more...]

Date: 2008-12-25 12:03:00

Bankruptcies, Bubbles & Bailouts

The latest round in the bailout bonanza is the ‘loan’ that was just announced for GM and Chrysler.  Those companies are running out of cash so the Bush administration decided to give them enough ... ?  What solutions were tried and how did they perform?  Ideally, we would respond effectively when bad [more...]

Date: 2008-12-23 19:14:04

Gates of Vienna News Feed 1/8/2009

The latest word is that an agreement with Russia has been reached, and the flow through the gas pipeline will resume.Also, look for the storming of the Israeli consulate in Montreal, as well as other Gaza-inspired violence around the world.Thanks to AA, Abu Elvis, Insubria, JD, Tuan Jim, Vlad Tepes, and all the other tipsters who sent these in [more...]

Date: 2009-01-09 04:49:00

The View From Southeast Michigan: Economy

When I wake up everyday, I wake up in Southeast Michigan the Macomb county part, the view isn’t all that great.  The gas prices may be down but are still high enough to put a hurtin’ on your pocketbook.  Jobs are constantly being lost, last month I heard a couple guys talking about how their plant just shut down with little notice [more...]

Date: 2009-01-02 18:52:25

Income Shares and Bubbles - Part 1

Not too long ago, I wondered if there was any connection between bubbles and the concentration of income, and if there is, which way causality runs, ... across the board, real rates went up), thus freezing the credit markets and destroying investor ... to the credit markets, this crisis will not devolve into the debacle that was the Great Depression. [more...]

Date: 2008-10-18 07:42:00

Bailout Fatigue Sets In

attorneygeneral.utah.gov Just as troubled borrowers are poised to become the next likely recipients of government help, ... mortgage-loan modifications — the anger over bailing out borrowers has been growing. Taxpayers ... saying, ‘I didn’t buy a house I couldn’t afford. I didn’t take out a home equity loan [more...]

Date: 2008-12-09 18:38:11

Deals of the Day: What if a GM Bankruptcy Isn?t So Bad?

By Stephen Grocer and Heidi N. Moore Deals of the Day gathers all the biggest news of the morning related to mergers and acquisitions, bankruptcies, financing and private equity. You can also bookmark Deal Journal for easy visiting throughout ... Wall Street rescue fund to bail out Detroit auto makers. WSJ Related: What if a GM bankruptcy isn’ [more...]

Date: 2008-11-12 14:39:47

The Bailouts? Not Much For the Common Guy

Trillions to financial Terra Incognita; So far very little for ordinary AmericansBy Sherman DeBrosse / The Rag Blog / January 8, 2008At this moment, ... billion guarantee for money market funds, $200 billion so far for credit card issuers, $345 to Citigroup ... money had to be spent covering bad investments that are nearly impossible to understand. No one [more...]

Date: 2009-01-08 02:42:00

AIG CEO Demands Apology from Mad Money’s Jim Cramer

WSJ Deal Journal Related: The credit crunch means that consolidation looms for Mirant and Calpine as well. Bloomberg ... its banks. WSJ More bad news: Banking bosses weigh in on bonuses and job losses. Times ... is wreaking havoc on a large but little-known corner of the credit markets, which could mean more write-downs [more...]

Date: 2008-10-20 12:57:00

Wolf Versus Pettis on US Stimulus, Fiscal Deficit (Not for the Fainthearted)

Martin Wolf has a very good comment in the Financial Times, "Why Obama’s plan is still inadequate and incomplete," which readers might tempted to ignore, since the headline suggests the piece reaches a conventional conclusion: the Obama stimulus plan is too small. That would be a mistake. The Wolf article (as others have done) [more...]

Date: 2009-01-14 15:43:00

More on Good Habits for Success in 2009

“Good Habits”. Lets delve a bit deeper: Constantly evaluate everything you are doing Develop the habit of constant awareness and evaluation.  Always be thinking: is this the best use of my time? Is the best way I could be doing this? Do the most important task of the day first This ties in with your daily goals, [more...]

Date: 2009-01-06 15:55:09

Does Paulson Have Any Idea How to Spend Our $700 Billion?

Does anyone else get the funny feeling that we’re going to discover very soon that the $700 billion has been spent and no one is quite sure what it ... Express, now that it has been characterized as a bank, as well as into the credit card, auto loan and student loan industries. Of course there was that purchase of another stake in AIG [more...]

Date: 2008-11-13 21:43:44

What Didn't Cause the Crisis?

Tyler Cowen, contradicting Anna Schwartz, says it was private sector imperfections, not government policy that caused the imperfection ... of that wealth through credit and the desire for additional risk. Note that if an increase in real ... , as modern Austrians are wont to do. "Bubbliness" is a private sector imperfection and relabeling [more...]

Date: 2008-10-21 22:06:00

Portugal Sustains

by Edward Hugh: Barcelona "Art has a function of teaching about the human condition. We live in hope, hope is fundamental" - Manoel de Oliveira Manoel de Oliveira (photo and quote above) is a living example for the Potuguese people of how to force their way out of the low growth/low per capita income trap into which they have [more...]

Date: 2009-01-12 19:22:42

The Wait Continues

The Eagle Tribune reports from Massachusetts. “The number of new homes being built in Salem has hit a 30-year low ... They’re waiting until the demand for new houses picks up,’ Mackey said.” “The bad economy has put ... and the rest of New England. ‘It’s clear that the market was overbuilt,’ he said. ‘Easy credit [more...]

Date: 2008-11-10 15:25:58

Video-Rama: Will Markets Bail You Out in ‘09? (December 27, 2008)

Despite a litany of bleak economic and corporate news confronting investors during the past week, ... that liquidity was still being hoarded. (Also see my “Credit Crisis Watch“.) 13-dec-v1.jpg Source ... to the US Senate’s failure to agree on a $14 billion loan to the troubled automakers. The prospect [more...]

Date: 2008-12-27 14:29:25

Portugal Sustains

“Art has a function of teaching about the human condition. We live in hope, hope is fundamental” - Manoel de Oliveira Manoel de Oliveira (photo and quote above) is a living example for the Potuguese people of how to force their way out of the low growth/low per capita income trap into which they have steadily stuck their neck [more...]

Date: 2009-01-12 14:37:23

Where to Find Finance to Purchase a Used Car

September 11, 2009 | By Stuart Cartright In Finance | When youre setting out to buy a used car, whether this be from a private individual or a dealership, you will want to be able to finance the car. If you havent got the cash to hand, or a generous set of parents, the getting a loan to buy your first used car could be the option to you, and shouldnt be a problem. [more...]

Date: 2009-09-12 00:00:33

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