The bailout may be killed by add-ons

The bailout may be killed by add-ons Posted Sep 22nd 2008 4:01AM by Douglas McIntyre Filed under: Deals, Bad news, Law, ... to potentially allow purchases of instruments such as car loans, credit-card debt and other devalued assets ... , if the plan is extended to include individual home mortgages and things like auto loans, the size [more...]

Date: 2008-09-22 12:35:18

Blog posts (192) | Videos (374)
 

Recession Friendly Auto Insurance Quotes

During the present recession it can be challenging to keep up money-wise to pay our bills and insurance premiums are no different, even though we have to have them. But not paying our everyday bills can affect our credit history, which in turn can make things hard for us when we need financial help. Bad marks on our driving [more...]

Date: 2009-01-17 11:37:56

At what point do we become over-stimulated?

Okay. So first we have a $700 billion bailout for the financial sector, then we have the auto-industry bailout, now the House has approved another " ... the problem. Every politician wants to be able to take credit for bringing us out of this recession ... that something will work. Maybe we need to step back and let bad companies fail. I know it sounds [more...]

Date: 2009-01-17 11:07:00

Honda, GS Yuasa to Build Batteries for Hybrid Vehicles

Despite a looming crisis in the auto sector, Japan’s Honda Motor is pushing ahead with plans for the next generation of cars, ... a sharp sales downturn amid the global credit crunch. The company now expects ¥185 billion in earnings ... . Norwegian electric car maker Think also announced some bad news this week, halting production and saying [more...]

Date: 2008-12-17 23:00:13

The bail-out may be killed by add-ons (pfblogs.org)

Filed under: Deals, Bad news, Law, HousingThe list of additions to the $700 billion Paulson bail-out plan could well kill it ... , "a change to potentially allow purchases of instruments such as car loans, credit-card debt and other ... , if the plan is extended to include individual home mortgages and things like auto loans, the size [more...]

Date: 2008-09-22 08:51:01

GM to Cut Production in Q1 2009 by 250,000

General Motors will start its new year with thinking bad thoughts. First quarter will see production cut by 250,000 units ... from production. The speed and severity of the U.S. auto market’s decline has been unprecedented in recent weeks as consumers reel from the collapse of the financial markets and the resulting lack of credit [more...]

Date: 2008-12-13 02:09:13

Why Detroit’s Woes Are Bad for Toyota

Nothing so cheers the soul of a hardened businessman as the sight of a competitor on his knees ... Congress for $34 billion in loans and lines of credit would be cause to break out the sake in Japanese ... from it. They are suffering mightily from the same massive decline in auto sales that is killing Detroit [more...]

Date: 2008-12-06 08:46:25

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

Credit Crisis Sequel, Global Bank Bailout, Emerging Markets Still a Buy?, Gas Wars and More!

Ghosts of the fourth quarter haunt global financials… so begins the second act of the credit saga… Even the IMF needs a loan… $150 billion to back ... advice… with S&P 500 price targets… Plus, Russia-Ukraine gas dispute not yet over… a reader ... predicted today. According to Morgan’s report, profits at HSBC will decline “sharply” this year [more...]

Date: 2009-01-16 15:28:24

TARP’s Original Mandate MUST be Executed

“This program is intended to fundamentally and comprehensively address the root cause of our financial system’s stresses by removing distressed ... they finally create an entity to bundle toxic and mostly illiquid assets, the credit crisis will continue ... demanded the creation of an entity to place bad assets under one roof. But the Treasury has since [more...]

Date: 2009-01-08 01:35:39

Relevance of ‘Atlas Shrugged’

Pound to Salinger Creative Commons License photo credit: igb I’ve finished reading “Atlas Shrugged” again, ... have been served up the $700 billion “Emergency Economic Stabilization Act” and the “Auto Industry Financing and Restructuring Act.” Now that Barack Obama is in town, he will soon sign into law with great [more...]

Date: 2009-01-17 17:07:50

Time for a Weekend

We don’t try to be a news site - it’s too much work to keep up with everything that happens on an hour-to-hour basis - and generally we try to ... , but we knew that already, and there were no major controversies or scandals since the auto bailout ... and that it is splitting itself into two banks, a “good bank” and a “bad bank” - but unfortunately it [more...]

Date: 2009-01-17 03:26:07

Survival Of The Weakest

There was a very interesting pair of articles over the weekend on the New York Times by Michael Lewis and David Einhorn called How to Repair a Broken ... that if you don’t prop up these banks you risk an enormous credit contraction — if they aren’ ... up failed banks and extending them huge amounts of credit has made business more difficult for the people [more...]

Date: 2009-01-05 17:48:00

Obama’s Big Chance

Albeit reluctantly, the Senate gave the go-ahead to release the additional $350 billion in TARP funding contemplated by the original plan ... to breathe life back into this economy.” To his credit, President-elect Obama acknowledged ... at companies receiving funds, provide more loans to small businesses and ensure “taxpayers can see [more...]

Date: 2009-01-16 05:01:00

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

Obama's Big Chance

Albeit reluctantly, the Senate gave the go-ahead to release the additional $350 billion in TARP funding contemplated by the original plan ... to breathe life back into this economy.” To his credit, President-elect Obama acknowledged ... at companies receiving funds, provide more loans to small businesses and ensure “taxpayers can see [more...]

Date: 2009-01-16 04:29:19

Guilty By Association

Many years ago, I used to run my sites out of an office building in an industrial part of Richmond. There were two other tenants in the building ... of association. The commentators asked me how many people I know who never run a Credit Card balance ... between good debt and bad debt. I don’t hang around people who are financially irresponsible [more...]

Date: 2009-01-04 23:45:11

How Bad Will The Bush Depression Be?

It looks like Bush is racing in his final days as occupant of the White House to see if he can beat Herbert Hoover's economic record as the most ... to the worsening credit crisis. That has put pressure on Congress and the White House to come ... to predicting that if GOP extremists are allowed to force the auto manufacturers into bankruptcy [more...]

Date: 2008-12-05 20:30:00

Interviews with Church Designers

Browsing the various CSS galleries is one way to gauge which industries place value on good design. I was surprised these past couple years to see a big surge in lavishly designed church websites. As a non-churchgoer, I wasn’t sure I understood why so many churches suddenly wanted a cutting-edge image for themselves [more...]

Date: 2009-01-08 02:32:50

1-17-2009 (Sat Afternoon) Fin. & Econ. Activity

At least 21,000 jobs were targeted for elimination yesterday as employers from Hertz Global Holdings Inc. to Advanced Micro Devices Inc ... -parts division. Hertz, the second-largest U.S. rental-car company, said it will cut more than 4,000 jobs ... by trading losses on mortgage bonds, the bank faces credit-card losses that surged to a record [more...]

Date: 2009-01-17 18:27:49

Thoughts On The Problems Facing America

I am not an economist, and I am not a political science major. In fact, I’ve never even stepped foot into a university for the purpose of learning ... , authorized up to $700 billion dollars to buy distressed assets and attempt to restore confidence in a credit market — a credit market that, in my humble opinion [more...]

Date: 2009-01-17 19:26:55

Things You Tend Not To Spend Much Time Thinking Seriously About When Making A Decision To Relocate

I have had this item on my blogging to-do list for probably 18 months now, without attempting to address it ... s start with credit history, something discussed in this blog a long time ago. Or, rather, your lack of such overseas, which will hamper your efforts to obtain auto financing or even apply for local credit [more...]

Date: 2009-01-15 20:29:06

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

Detroit Auto Show: Demonstrations inside and out

The contrast was striking: Featured at GM's news conference was a group of about 600 rowdy GM employees bused in to participate in a " ... the North American International Auto Show outside Cobo Center in Detroit. Credit: Mark Boster/Los Angeles ... circus over government-backed loans for the auto industry turned a harsh light on the United Aut [more...]

Date: 2009-01-13 01:06:54

Interesting Reads - 17th Jan 2009

I read a lot of interesting stuff during the week, but most of it was discouraging and sombre. However, such are the times ... Card Savings by The Digerati Life: Smarter Ways to use your credit card in this intensive post ... about the signs that come with a bottoming market. 10. Credit Card losses at Citibank by Plugged In Finance [more...]

Date: 2009-01-17 17:25:10

The United Socialist States Of America

I can't imagine any politician arguing against this on principle, can you? ... . And then there's this at Instapundit right now. Just as they want to do with bad mortgages, these GM vehicles sold ... from the government’s $17.9 billion bailout of the domestic auto industry, which Sen. Dodd supported [more...]

Date: 2009-01-14 03:19:28

The Endgame

The Endgame Employment Numbers Are Worse Than Posted Aye, Captain, I'm Giving Her All I've Got! Problem #1: Deflation Problem #2: Pushing on a String The Muddle Through Middle Conversations With John Deflation? Stimulus? Deleveraging? Recession? A soft depression? A return to a bull market? With all that is going on, how does it all end up? [more...]

Date: 2009-01-17 21:29:29

Doom - Part Deux

It's here. Finally. Doom. Doom Part Deux, actually, as the fine folks over there at The Wall Street Journal Online have informed us that the " ... . They don't really know exactly where all the money went and who did what with it. Bad answer ... Rican rum producers$128 million to auto racing tracks$33 million for corporations that operate [more...]

Date: 2009-01-17 08:34:00

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

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

HPI Interview: U.S. Rep. Mike Pence

By BRIAN A. HOWEY INDIANAPOLIS - HPI ran into U.S. Rep. Mike Pence - now the third ranking Republican in the House - at the Statehouse inaugural on Monday, which set in motion this interview mid-Tuesday afternoon as Pence prepares to become one of the key Capital Hill loyal opposition voices to incoming President Barack Obama [more...]

Date: 2009-01-17 15:00:23

Mortgage: 3 Tips On Finding The Cheapest Rates

There are a lot of things to do when looking to buy a home but the most important is to get the most interesting mortgage loan rates available on the market. When applying for a loan, having a high credit score allows you to have a number ... one. Important: in some countries there are only established only two kinds of credit score: the good [more...]

Date: 2009-01-17 12:34:42

Sunday Papers 18 Jan 2008

Pushed for time this week, so the Bloggosphere round-up is a little short - I’m off on another real-world assignment to the darkest corners of Asia this coming week, but I’ve left you with plenty to read below, and have scheduled a load of articles to appear each day while I’m away - have fun y’all [more...]

Date: 2009-01-18 06:41:32

DrumBeat: January 13, 2009

Analysis: Global power demand to languish in 2009 The outlook for energy commodities this year remains grim, says a new report from Merril Lynch. Neither cold winter temperatures in the Northern Hemisphere nor a steep fall in the price of energy have provided much support to the demand for oil, natural gas or coal [more...]

Date: 2009-01-08 01:35:34

WSJ: Bank of America to Receive $20 Billion Injection, Support for $118 Billion of Loans

The market's case of nerves this week seems a tad more justified, given that the details of the Bank of America rescue plan are apparently out, Previous press reports suggested the Charlotte bank might need $8 to $10 billion of additional equity to compensate for losses related to the Merrill acquistion. Yes, as Senator Everett Dirksen said [more...]

Date: 2009-01-16 06:21:44

Insanity, Insanity, and more insanity. When will it stop?

Financial Bailout:  This bill was passed under the auspices that the money would be used to purchase troubled assets from banks ... and at significant cost to the taxpayers.  Give Paulson credit for actually making the best use of the money ... , I authored a thread “Just say No” to the bailout.  But I give Paulson credit for actually using the money [more...]

Date: 2009-01-15 17:41:36

getting the best

In making a loan via inline, first thing we do is to read the site and you will find out that if this site can be trusted because money is involve ... recruits and have a large network of the auto lenders from where you will receive an car loan with bad credit. The lenders are also aware that the terms and the rates of auto loans will be receiving an [more...]

Date: 2009-01-16 13:26:07

CNN's State of the Union transcript

CNN’s State of the Union anchor John King traveled today to a manufacturing factory in Bedford Heights, Ohio, to interview President-elect Barack Obama for an exclusive interview before being sworn in as president on Tuesday, Jan. 20. Full Transcript THIS IS A RUSH FDCH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED [more...]

Date: 2009-01-17 02:08:27

You Need Credit Scores With A Credit Report

By John Rasor the importance of knowing and understanding your credit history and score I recently logged on to annualcreditreport ... that people with bad credit are more likely to file a claim than people with good credit. As a result ... .com to get my once a year free credit report but to my surprise there were no credit scores [more...]

Date: 2009-01-17 19:01:47

Live-Blogging the Hearings for Obama’s SEC Chairman Pick

Mary Schapiro, President Barack Obama’s vaguely controversial pick to head the Securities and Exchange Commission, is appearing on the Dodd & Shelby Show today (otherwise known as the U.S. Senate Committee on Banking, Housing and Urban Affairs, of which Connecticut Democrat Chris Dodd is the chairman and Alabama Republican Richard Shelby is the [more...]

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

Live-Blogging the Hearings for Obama’s SEC Chairman Pick

Mary Schapiro, President Barack Obama’s vaguely controversial pick to head the Securities and Exchange Commission, is appearing on the Dodd & Shelby Show today (otherwise known as the U.S. Senate Committee on Banking, Housing and Urban Affairs, of which Connecticut Democrat Chris Dodd is the chairman and Alabama Republican Richard Shelby is the [more...]

Date: 2009-01-15 16:37:43

Student Loan Consolidation May Be The Answer To Your Debt Burden

Student loan consolidation may be the answer to your heavy debt burden and the many issues that come with having to make several loan payments every month. Student loans just like the other forms of financial aid are a service that is subject ... dropping below half-time enrollment. With this, the loans remain delinquent for 270 days or become [more...]

Date: 2009-01-17 09:03:38

Ray LaHood and Changing our Thinking About Transportation

Today, the U.S. Senate will hold a confirmation hearing on the president-elect's choice of Ray LaHood for Secretary of Transportation. No one expects that hearing to be anything but easy for LaHood. That's too bad, because it shows that when it comes to greening the stimulus, we're not only missing the forest for the trees, we're [more...]

Date: 2009-01-12 23:32:23

Trends for 2009: Charles Hugh Smith

p2pnet news view Freedom | P2P:- “Oh you lucky, lucky Boing Boing readers,” says Richard Metzger in a guest post, going on: “I have a gift and I think it’s pretty special: For those of you unaware of the work of Charles Hugh Smith you are about to meet one of the finest thinkers and writers in America today [more...]

Date: 2009-01-02 18:04:29

Some Good News Peaking Through?

I've noticed a few piece of good news starting to peak through, though still a lot of bad news out there ... of the four bear markets analyzed, market bottoms did not come when bad news was at its peak. This sort ... . So just as bad news can get heavily discounted and ignored towards peaks, the author shows how [more...]

Date: 2009-01-12 18:07:17

Slumping Auto Sales Hurt Auto Loans

Perhaps the one market to see the heaviest damages besides the mortgage industry is the automotive industry ... a credit freeze situation that is making life difficult on multiple levels. It isn’t all bad news ... for this lies with the fact that automotive sales are down. In a vicious circle, the lack of auto sales hurts [more...]

Date: 2009-01-16 17:47:05

The Endgame

The Endgame by John Mauldin January 17, 2009 • Employment Numbers Are Worse Than Posted • Aye, Captain, I’m Giving Her All I’ve Got! • Problem #1: Deflation • Problem #2: Pushing on a String • The Muddle Through Middle • Conversations With John Deflation? Stimulus? Deleveraging? Recession? A soft depression? A return to a bull market? [more...]

Date: 2009-01-18 02:04:12

How One Couple Paid Off $30,000 Of Credit Card Debt

Eat Now, Pay Later photo credit: inkynobaka I came across an inspiring story about a couple that managed to pay off $30, ... people that I talk with could never get rid of a cell phone, cable tv, or internet. They also cut out gym ... 000 in credit card debt and is now saving $500 a month. The Dunleavey’s tackled the credit card [more...]

Date: 2009-01-16 13:00:09

Get Professional Advice - First Time Car Loaner

If the financial implications worry you and you dream of owning a car, then you still have many options left ... of loan. And even if you have a bad credit, you can still get a loan from a specialist provider ... ways; - find the right auto financing alternatives for you. - determine a car loans total costs [more...]

Date: 2009-01-16 15:50:00

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