Debt Rattle, November 23 2008: How can I convey to you?

National Photo Co. Happiness 1919 A child holding the Thanksgiving turkey. Ilargi: It may seem sort of hard to decide which idea is sillier. But then again, that's not really fair. The nonsense oozing from Bush and Canadian PM Harper in Peru about how free trade will solve all our problems within the next 18 months goes way beyond silly [more...]

Date: 2008-11-23 20:47:32

Blog posts (474) | Videos (260)
 

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

When will the Recession end? Here's a collection of opinions.

This is the subject of my Mini poll which I invite you to vote in just below my Web site clock to the right ... , they are preoccupied with cleaning up their balance sheets after seven months of credit turmoil ... as the government had earlier reported.Economists even found bad news in the fact that the unemployment rate fell [more...]

Date: 2009-01-04 07:44:00

Prediction For The Local Atlanta Real Estate Market For 2009

Likely To Be A Year Of Few Winners And Many Losers The housing slump - which led to the financial crisis - is likely to get worse across the ... into expensive homes by using unconventional financing, often wondered where all of these buyers were ... prices - the damage spread to the auto makers. While the U.S. economy is resilient enough to handle [more...]

Date: 2008-11-08 19:07:49

Easy steps to get guaranteed used or new car loan

Amazon.de Widgets If you’re thinking to go for a guaranteed car loan, then you have two main options. You can find this guaranteed auto loan through finance companies or through online. Let’s explore each car financing option in detail.Car loan through finance companiesNormally individuals have a soft spot for credit unions when it comes to availing a guaranteed car finance loan. People want to have there car loan through finance companies because they can get chance to talk face to face with lenders. [more...]

Date: 2009-09-24 11:10:18

GMAC Auto Loans

11 of the best sites about GMAC auto loans. Know of another site that should be listed here? Leave your suggestion at the bottom of this page. (Related searches: Auto Loans ,  GMAC Smart Lease , GMAC Auto Insurance ) 1. GMAC Automotive Financing - Home page of GMAC financing for car loans, truck loans and leases, including information on their SmartBuy and SmartLease programs that allow you to get into a GM vehicle for a lower monthly payment. [more...]

Date: 2009-09-28 14:59:09

Fast Bad credit car loan for new and used car special financing

Amazon.de Widgets Most people think that having a bad score on their credit record will shatter their dream of buying a car but the fact is just the opposite. Of course poor credit score is one of the worst disadvantages that a person can have when they have to apply for a loan but it does not mean you cannot fulfill your dream. Today things have started to change and people with bad credit ratings can easily get a car loan to buy their desire car. [more...]

Date: 2009-09-19 11:11:59

One Story to Embody 2008, Two Ratios Show Room to Fall for Stocks, Death of the Euro, and More!

by Addison Wiggin & Ian Mathias A fitting end to 2008… an easy money crisis “fixed” with more easy money Equity bottom still out of reach… ... , maybe credit shouldn’t be so easy!” Today, they’re back. Never mind that GMAC is borrowing money ... t have to worry about making bad loans until they’re at least 30 days past due. If there’s any [more...]

Date: 2008-12-31 20:05:01

Loan Calculator Tips To Save You Money

Current info about simple loan calculators is not always the easiest thing to locate. Fortunately, this report includes the latest loan calculator info available. An unsecured bad credit loan does not require you to use your property as a guarantee or security for the loan either. As it is unsecured, the loan offers a little more flexibility to the borrower that does not wish to put their home at risk. [more...]

Date: 2009-09-23 15:13:30

Where Any Sale Is A Prized Event

The Associated Press reports on Florida. “Al Ray is so strapped for cash, the only time he eats out is on Wednesday or Sunday, ... $250,000 a year and had an impeccable credit history.” “Then he lost his job. Provost missed one $10,500 ... condominium market. Nearly 400 condo owners have defaulted on loans since the beginning of the year [more...]

Date: 2008-09-23 13:38:07

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

Saturday sniplets

Been a wild week. We have seen the housing bill continue debate in congress to the point that they are meeting today(yes a Saturday!) ... auto leases through its lending arm Chrysler Financial, people familiar with the matter said Friday ... banks to renew a $30 billion credit facility -- backed by car loans, leases and loans to dealers [more...]

Date: 2008-07-26 00:24:00

Daily Market Preview (1/13/09)

1. Wind of change U.S. President-elect Barack Obama said he will put the second half of the $700 billion Troubled Asset Relief Program toward ... is bad news for investors because it means the troubled financial institution knows it needs a lot ... distressed Detroit Three automakers proudly displayed their energy-efficient models at the Detroit auto [more...]

Date: 2009-01-08 21:45:29

"A 1-yr tax break on capital gains is being floated," reports Wall St Pro, S-W shareholder

This investment expert who feared violence in the streets has turned positive.  First, he wants this disclaimer issued: "The surge Tuesday of 889 ... earnings are down but if gas prices stay down and the 0% financing continues long enough, the auto ... some light. "It's little things.  On Sunday, my wife and I saw the 0% financing for five year sign at [more...]

Date: 2008-10-29 05:05:17

More Holiday Cheer

Long time readers of the blog remember my obsession with freight and port traffic last year ... to set up trade financing by government bank or quasi-government credit. I found this article ... into disaster. You cannot compensate well for bad loans after they are written, which is why we are seeing [more...]

Date: 2008-12-23 20:25:00

Bubbles and The Current Financial Crisis

"Bubbles! Bubbles!... My bubbles!" -a cartoon character from Finding Nemo Is there an end to the current financial bloodbath that is plaguing the ... is the proverbial headlight of an approaching express train. Folding banks, closing auto ... , not an economic one." ' I don't know what weeds these people are smoking. A lot more bad news awaits [more...]

Date: 2008-10-21 18:47:44

AEI Subprime IV.3: Roubini Presentation

Here is Housing Doom’s third installment of our unauthorized annotated transcript of the American Enterprise Institute’s September 30, 2008 seminar " ... in terms of output contraction are not going to be as bad as the Great Depression because ... there much more generalized asset bubble and credit bubble in the economy. It was subprime, it was near [more...]

Date: 2008-11-17 07:01:46

12 Steps to Short-Circuit the Fundraising Marathon

Fundraising always demands patience and grit, but passing the hat in the current environment will test your founder’s mettle unlike any time in ... to work, now have grown skittish over the frozen credit markets and are knotting their purse strings instead. If you’re looking for financing, be prepared to work very, very hard for it. This is true [more...]

Date: 2008-10-12 16:00:09

Obama's Job #1: Save Big Three (Perhaps)

After soliciting the support of the automobile industry during the current election cycle (as Democratic candidates for president typically do) ... (usually foreign) cars after oil prices went up, all carmakers now have to deal with scarce auto financing. With over three-fourths of cars sold in America on financed terms, this is no minor problem [more...]

Date: 2008-11-06 13:13:00

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

GMAC Bailout

by Larry LevinToday was almost a carbon copy of yesterday; it was slow, suffered from low volume all day, ... economic data was in a word: bad. According to the monthly Conference Board index, consumer confidence hit ... . You know GMAC as the financing arm of General Motors, now Government Motors. A large portion of it (51 [more...]

Date: 2008-12-31 15:43:00

The Great Pretender

Sorry for the lack of posting. Back to work after two weeks always is rough and I was in the process of having all the trees that fell down in the ... that are part of a serious economic contraction, credit extension contracts as the ability to repay debt ... hands of the credit impaired. South Korea, after decades of exposure to American culture, has [more...]

Date: 2009-01-05 23:43:00

No Cash Yet For Chrysler; Treasury Favors GM?

Although I don’t necessarily agree with The Wall Street Journal’s editorial this past Friday (January 2, 2009, pg. A14) ... government’s handling of the $17.4 billion loan package for the auto industry is a curious one. Ford isn’t receiving a penny of the funds, which is okay with them as they only wanted a line of credit to keep [more...]

Date: 2009-01-05 07:11:23

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

Study More About Unsecured Debt Consolidation Loans - Avoid Being Rejected

Unsecured loans with bad credit can be the answer for anybody who is having problems managing their expenses and does not have anything to offer as ... people find that they have many small debts on credit cards, store accounts, plus car loans, etc ... get a consolidation loan at a lower rate of interest than many of your other bills. Credit cards and [more...]

Date: 2008-12-29 15:51:16

Lehman Monday

Lehman Monday This blog was updated during the day, with the newest items at the top to enable returning viewers to see what is new ... it is still above the July low is a signal that worries are not as bad as they were then. Here ... p.m. Enlarge this image. (Credit: Associated Press) Richard Fuld dominated Lehman for many years [more...]

Date: 2008-09-15 09:56:21

What is a bear market rally?

As the global financial crisis plays out, Report on Business writer Richard Blackwell examines and explains the economic outlook and the turmoil in credit and stock markets. Here, we answer your questions daily, with the most recent at the top ... plants. However, some of the gas consumed in Ontario is imported from the United States [more...]

Date: 2009-01-08 11:05:51

From Bad To Worse To Horrible To Holy Crap!

It’s Friday desk clearing time for this blogger. “After years of making Canadians feel steadily richer, ... said even more cases are coming as banks take bad loans off their books. ‘That’s when we’ll see why these loans went so bad, and there will be criminal investigations,’ said Curt Novy, a California [more...]

Date: 2008-11-14 20:26:25

My Frugal Story by Green Panda

The following is a guest post by Green Panda of Green Panda Treehouse.  If you like this post, consider subscribing to her RSS feed ... financial mistake was getting a auto loan for my current vehicle. I had one car loan before but got ... a nominal amount for rent at my mom’s place. I got a credit card in college and like many of my friends [more...]

Date: 2008-09-02 11:00:16

Debt Rattle, November 11 2008: The Words ain't as Good as the Music

Lewis Wickes Hine Easy ‘Nuff October 1913 John Huggins. Said he's 14 years old, been doffing for 8 months in Guadalupe Valley Cotton Mills ... managed to get a $1.1 billion temp loan to carry it over till after January 1. It is then suppsed to use the proceeds from the shopping season to pay off the loan. Bit of a gamble, I'd say. They'll run [more...]

Date: 2008-11-11 19:51:56

Parallels

Op-Ed: The Second Great Depression? Minyanville Staff Oct 06, 2008 2:45 pm This country has been living in false prosperity since the early 1980s: ... recent flow of funds data shows that total credit market debt is $51 trillion; our GDP is $14.3 ... by the Federal Reserve in the 1920s, leading to an unsustainable credit driven boom. Both Friedrich [more...]

Date: 2008-10-10 19:17:30

Everything they tell you is false

Early errands so I listened to some of Keri Miller’s show on MPR, figuring that with fundraising over for the time being I might actually hear some news. Not even close. A call in show so I was buffeted with the spectacular ignorance of undecided voters (i.e., the politically retarded — excusifying by the usual apologists notwithstanding) [more...]

Date: 2008-10-28 16:40:44

January 6 - Microsoft Mum? - Logitech Trims 525 - No Apple for 3000 LA Teachers? - Wind Blows Cold for 20% at DMI - 350 Gone at R.L. Stowe - IRS Files Away 711 - Brunswick Sinks 275 - Alcoa Cans 15,200!

Mike: States throughout the country are facing difficult financial times. Some states are running low on operating funds, such as CA ( ... : Missouri’s unemployment fund is broke and needs to be replenished:   * JEFFERSON CITY | Missouri ... Director Todd Smith said Monday that Missouri may have to borrow about $40 million from the federal [more...]

Date: 2009-01-06 13:18:38

Beige Book’s Midwestern Summary

From the Federal Reserve’s Beige Book (HTML, PDF). Economic activity in the Seventh District declined further in December, ... market conditions weakened. Construction declined, and manufacturing activity moved lower. Credit ... . In agriculture, field work was limited in December by bad weather. Consumer Spending Consumer spending [more...]

Date: 2009-01-15 01:00:38

Debt Rattle, November 21 2008: Treading Lukewarm Water

G. G. Bain Wall Street Blood September 16, 1920 Aftermath of the explosion that killed dozens of people in New York's financial district, when a horse wagon loaded with dynamite and iron sash weights blew up in front of the J.P. Morgan bank at 23 Wall Street. The attack, which was attributed to Italian anarchists, was never solved [more...]

Date: 2008-11-21 21:39:31

Global Financial Crisis Special: Main Street Should Care About Wall Street

EDITOR’S NOTE: This column with a controversial title was written by Michael Kao, CEO and portfolio manager of Akanthos Capital Management, ... to punishing the “bad guys” on Wall Street. The farcical showdown in Congress regarding the passage ... the moral hazard hawks. While there is no doubt that there were “bad apples” on Wall Street [more...]

Date: 2008-10-15 16:01:09

”No Buffer, No Resiliency”? Maybe. But What Does That Have to Do with the Current Economic Crisis?

On his blog for The Atlantic, James Fallows appears to be supporting “the argument that today's lean, hyper-efficient, ... that a financial crisis leads to a credit crunch that deprives a cash-starved, lean-production auto ... , but how does it stack up against statements from sages such as Alan Greenspan—okay, bad example— [more...]

Date: 2008-12-26 03:49:00

Enemy at the Bank of America’s Gate

If you have ever wondered what specific incident might bring about martial law, here it is front and center, brought to you by Bank of America. The first flash point of the credit crisis occurred when Bank of America refused to extend a line of credit to Republic Windows and Doors. The factory failed and sent disgruntled workers home [more...]

Date: 2008-12-10 15:46:22

Gates of Vienna News Feed 10/5/2008

USABailout Bill Loops in Green Tech, IRS SnoopingCrowds Again Gather to Pray Before Image in WindowElection Precinct in Islamic Center That Hosted Extremist’s VisitMilitant Obama Youth March to ‘Alpha, Omega’ ChantN.Y. Times Whitewashes Obama-Ayers ConnectionRacism Without Racists Europe and the EUExtradition Bid Raises Fears of ‘Thought Crime’ [more...]

Date: 2008-10-06 00:49:00

Why Houses Weren’t The Only Bubble

Jake at EconompicData.com put up this chart this morning. Like a lot of his work, it makes a point with little need for a lot of elaboration. We all know auto companies like a lot of other retail merchandise relied on financing to goose ... the financing that underpinned this growth had become. A close look at the chart shows that round about 2006 [more...]

Date: 2009-01-14 21:56:58

Bush's Going Out of Business Sale

We all know the scam: Wall Street, having pillaged and plundered the global economy, isn't done with larceny, ... handout would be transformed into new credit for the bank's customers as intended. The answer was chilling - that money, given to free up credit facilities, wasn't going where intended. The bank instead [more...]

Date: 2008-11-12 17:42:27

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

Building a Financial Panic Room

When exactly the share market bottoms and rallies now depends on the depth and severity of the recession Australia faces ... was one of them. We were wrong. The tightness in credit markets that originated with bad subprime loans has gone global and moved across the whole portfolio of credit-related securities. Corporate bonds [more...]

Date: 2008-11-21 02:56:27

To Finance, or Not To Finance?

Well, it finally happened. Our car has imploded. We knew it was coming, it’s had problems for a while. We do have some money saved ... our credit score ever since, but we’re not exactly “prime borrowers”. So, here’s the question: Do we try to get financing on a new car? It would help our credit scores to have an auto payment [more...]

Date: 2008-10-25 09:45:28

Dealership Financing Gets Hurt By Looming Auto Bankruptcy

Troubled times have hit the nation, with the current biggest issue being the financial quagmire that the big American automakers are facing, ... and limited credit lines, not only do the dealers get hurt, but also the consumer. Financing a vehicle today ... from automotive bankruptcy in this mess is the dealership. Dealerships have long depended on finan [more...]

Date: 2009-01-01 16:36:26

Triple Financial Whammy Afflicts Newspapers

If the newspaper industry was on thin ice a month ago, the financial meltdown has meant that the creaking and cracking is getting more audible ... turndown, with real estate, recruitment and auto all down in significant double digits for companies ... an awful 2008. Reduced cash flow -- the bete noire of the industry -- is only getting worse. Credit [more...]

Date: 2008-10-16 04:34:06

Good News for Detroit and GMAC

The auto lending arm of GM, known as GMAC has been granted status of bank holding company by the Federal Reserve ... , significantly improves GM’s chances of survival and provides an immediate sense of relief to auto ... credit markets brought on by the meltdown of the nation’s financial institutions. “General Motors [more...]

Date: 2008-12-26 02:51:08

Potential collapse of Big Three Automakers caps turbulent year

The potential collapse of the Detroit Three carmakers capped a turbulent year in the global automotive industry in which worldwide sales crashed ... at this point,” auto analyst Gregg Lemos Stein of Standard & Poor’s credit rating service told AFP ... of a global credit crisis, rapidly falling demand for vehicles and a global economic slump. “Friday’ [more...]

Date: 2008-12-28 22:04:09

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

Nouriel Roubini - Madman to Prophet

If you've never heard of Nouriel Roubini, don't worry, chances are his name will soon become a household word.“He sounded like a madman in 2006, He was a prophet when he returned in 2007.”He recently said that "things are going to get much worse" with the unemployment rate going above 9% next year which according to the Bureau of Labor [more...]

Date: 2008-12-26 13:38:00

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