End of The Year Market Report for Charlottesville Region

Copyright RealCentralVA.com, LLC. If you are not reading this at RealCentralVA.com the site you see is likely stealing content ... ‘em … wait! yes he does , Auto Bailouts, Investment Banking Bailouts, Credit Card companies ... - - Interest rates are ridiculously low, and loans are absolutely still available. - It is a Buyer’ [more...]

Date: 2008-12-22 14:00:36

Blog posts (170) | Videos (395)
 

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

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

Unilateralism Spells Cop Out - Olmert/Livni Buckle!

If these two reports below are correct, and I suspect they are reliable, it would be a travesty of justice perpetrated by Olmert, Livni and Barak ... , politicians must do something, be seen as pro-active for fear of being perceived as unresponsive. Bad medicine is bad medicine. (See 2 below.) Even if the two most powerful men in our tax system [more...]

Date: 2009-01-17 03:50:00

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

Fiscal Insanity Virus Strikes Canada, Sweden, Italy, IMF

The world health organization has confirmed new cases of the extremely contagious Fiscal Insanity Virus (FIV) that is rapidly spreading the globe ... a deadline of just a few weeks to get more loans out into the sagging economy, prompting the banks ... the banks to provide adequate credit in Canada,” Mr. Flaherty said at a news conference in Saskatoon [more...]

Date: 2008-12-24 22:38:00

Bailed-Out Banks Stiff Credit Card Customers

Since bailouts are so timely today, Bloomberg weighs in to point out that banks that have been recipients of government bailout money are reacting ... is it that my credit-card loan got pulled? Why am I being charged a higher rate?’” Wonder if Southern ... by charging higher fees on credit cards for consumers. Apparently, they’re trying to get ahead [more...]

Date: 2008-12-19 15:01:55

I Don't Get It

I hear this phrase so often that's almost a mantra. It's a little inside joke amongst teachers, too ... or Treasury buys "bad assets" from banks, why do the people that took out these loans still have to pay ... out the auto industry with a couple dozen billion dollars when they quickly gave the financial [more...]

Date: 2009-01-16 18:44:00

Strong Infosys results fail to lift market

Key benchmark indices extended losses for the fourth day in a row in what was a highly volatile trading session. Fall in index heavyweight Reliance Industries (RIL), telecom stocks and private sector banking pivotals offset rally in IT stocks on the back of stronger-than-expected Q3 December 2008 results by IT bellwether Infosys Technologies [more...]

Date: 2009-01-13 14:11:00

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

Jeff's 9 Predictions for 2009

So it's that time of year again, when bloggers and commentators the world over issue their predictions for the coming year ... that "We may already be in it." My timing wasn't bad. The National Bureau of Economic Research, the official ... of one than ever before. The dollar will continue to see inflows from wealthy people worldwide [more...]

Date: 2008-12-23 15:11:38

Welcome to the Wal-Mart Society: Why Republicans Want Automakers to Fail

Republican members of Congress who think autoworkers have "Cadillac" health care benefits should give up their health plans and take up a Wal-Mart plan, says columnist Mark Sawyer. George Bush, borrowing from author Jeff Gates, once trumpeted what he called the alm"ownership society." The ownership society was attractive in many ways [more...]

Date: 2008-12-22 17:33:25

Cerberus on Debt Markets: ?We Were Wrong?

Cerberus Capital Management is named for the three-headed dog that guards the gates of Hades, ... bondholders, which could hurt the auto maker’s chance of financing itself. Our colleague Jason Corcoran in Europe recently concluded that fund managers had predicted several false bottoms and bad buying [more...]

Date: 2008-12-24 09:12:00

Posts about Home Sales as of January 13, 2009

Want to Make Money Selling Info? 5 Basic Skills You Must Have! - stefsertich.blogspot.com 01/13/2009 Newcomers to Internet Selling are looking for ways to gain money. Many of them like what the “newbie cozenage artists” state them is an easy way … merchandising or gross sales in general is this…provide value!That’s always been the idea [more...]

Date: 2009-01-13 14:21:30

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

Bailouts Aggravate Financial Crisis

In the New York Times, economist Tyler Cowen of George Mason University argues that the $700 billion financial-system bailout is impeding an ... , bad loans mushroomed.” Unfazed by logic and history, the Bush Administration is implementing ... helped spawn the current financial crisis. “The financial crisis is a result of many bad decisions [more...]

Date: 2008-12-29 19:51:37

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

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

GM, Ford and Chrysler say sayonara, Tokyo

There were some notable absences at this year's Detroit auto show, including Nissan, Suzuki and Ferrari ... : A model poses with a Toyota concept car at the 40th Tokyo Motor Show in October 2007. Credit ... . It's the latest sign that a bad economy and crashing sales are disrupting the industry [more...]

Date: 2009-01-15 02:39:09

Wall Street Breakfast: Must-Know News

Treasury takes GMAC stake. The Treasury will buy a $5B stake in GMAC (GKM), owned by General Motors (GM) ... shortage earlier this year forced it to limit loans only to people with the best credit. GMAC, which ... will now have to greatly increase its debt to proceed with the Rohm acquisition. As such, S&P cut Dow's credit [more...]

Date: 2008-12-30 12:11:31

2008 Lookback: Where to Start?

It is not hyperbole to say that 2008 will go down as one of the more memorable years in the history of modern financial markets. Comparisons to the 1920s did not come across as ridiculous, and the unrelenting downpour of bad ... of people who have fundamental misgivings about the stock market, in contrast to the “buy and hold [more...]

Date: 2008-12-22 11:09:00

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

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

Secured Bad Credit Loans Make Sense

Secured bad credit loans were seen with a bit of contempt in times gone by. Now they make complete sense, and we should be glad ... by means of a secured bad credit loan. Now new lending sources are springing up which consider ... speak for themselves. The much higher rates of interest payable on credit cards, auto and retail [more...]

Date: 2009-01-17 00:00:02

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

The Next Step for the U.S. Bank Bailout

From the WSJ: U.S. Plots New Phase in Banking Bailout Officials at the Treasury, Federal Reserve and Federal Deposit Insurance Corp ... has a table of credit losses based on estimates from Goldman Sachs: $1.1 trillion from residential mortgages ... a government bank that would buy up the bad investments and loans that are behind the huge losses [more...]

Date: 2009-01-17 18:31:35

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

Flotsam and Jetsam

Thomas Frank sounds the liberal refrain that markets aren’t so smart ... of markets. If you doubt that, wait until you see government-run car companies. David Ignatius worries ... out his credit cards without a hope of repaying the debt? What the heck? We’re all living in bailout [more...]

Date: 2009-01-01 14:57:28

Repossessed Car Owners Shocked After Being Sued By Car Lenders

The latest in reality shows is Operation Repo, a team of “highly paid professionals” in the San Fernando Valley of California who repossess vehicles from dead beat car owners. Some of those who had their autos repossessed in Florida ... to the Tampa Tribune , those who had their vehicles repossesed believed their car woes were over until [more...]

Date: 2008-12-29 15:51:27

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

Is the other shoe about to drop?

According to a December 14, 2008 segment of 60 Minutesentitled “The Mortgage Meltdown, ... is that most of the air has already leaked out of this bubble, but the bad news is that another, perhaps ... option ARM” mortgages. (See below for a brief explanation of each.) Credit Suisse estimates [more...]

Date: 2009-01-16 23:43:00

Noah's 2009 Predictions

A: Lets keep the tradition going and I apologize in advance for the length of this, hopefully you can find 5 min to read it all. Here were last years predictions for 2008, published December 27th, 2007; if you haven't read it yet and are new to this blog, please try to read it before continuing so you can see where I was right, [more...]

Date: 2008-12-24 15:28:05

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

Automakers grab loans, look to Obama White House

WASHINGTON (AP) — The long-term fate of the auto industry rests with Barack Obama now that President George W. Bush has given car companies $17 ... , housing slump and financial credit crunch, Bush said in announcing the short-term loans and demanding ... .4 billion in emergency rescue loans. russia-sees-hope-with-obama Automakers grab loans, look [more...]

Date: 2008-12-21 17:18:00

2008 Lookback: Of All the Nerve

Market meltdowns have a way of revealing the true nature of many people ... a Ponzi scheme, and not just as a result of trying to cover a few bad bets in 2008. Mr. Madoff ... it was not in favor of an auto-industry bailout, saying that “the American people aren’t interested in just giving [more...]

Date: 2008-12-24 09:54:00

Rough going ahead

“Over the next 12 months, markets could experience sharp volatility swings ... money we do not have and not producing enough to pay back the credit,” says Yones. “It’s like luxury-living on credit cards, at some point the lenders want their money back. Not to forget that in a new [more...]

Date: 2009-01-14 19:19:52

Cheap Auto Insurance : Reduction of costs, Attorney, but with maintain protection

individual_ins If you’re the owner of the car, you must be having an auto insurance ... of experts recommend that you to always review insurance policy thoroughly. Apply online for bad credit ... . If you are looking to buy a car, consider buying a car that “looks good” to insurance companies. For instance [more...]

Date: 2009-01-14 02:41:37

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

Using Good Debt to Pay for a House, Car, or Education

Hello again! Cate here, talking, as usual, about debt. The point of my series here at Queercents is to talk about the dangers of getting into debt ... that will produce concrete benefits to your life. The bad kind of credit card debt that I’ve talked about often ... benefit. I’ve had both kinds: Bad Debt: $5,000 credit card debt from living beyond my [more...]

Date: 2009-01-16 02:45:14

A brief history of the beginnings of the Ford Motor CompanyWhy now? ... coming today from news outlets when:Government Loans Chrysler $1.5 Billion to Get Credit Moving ... and Chrysler CEO’s would you leave your private jets for sale in DC and drive home from Washington [more...]

Date: 2009-01-17 10:01:11

The Last Bastion of the U.S. Economy Is In Full Retreat

In previous economic slowdowns, it was always consumer spending that kept the American economy afloat. Millions of Americans continued shopping at malls, buying cars, ordering gadgets through the mail and TV and otherwise putting their wallets and purses on the line. It was always the brave American [more...]

Date: 2009-01-15 19:45:21

Weakened Credit Lines Have Eliminated 100 Percent Auto Financing Deals

In generous times, consumers were able to procure 100% financing on cars ... in order to purchase a vehicle, and others without stellar credit can find financing opportunities ... industry. Credit lines have shrunk, and lenders have imposed strict standards for borrowers to follow [more...]

Date: 2009-01-13 17:41:54

Insider Q&A: O.C. bank president on his $5 million in TARP funds

Simmons Commerce National Bank in Newport Beach is the latest O.C. bank to get funds from the U.S. Treasury Department’s $700 billion for aiding financial institutions. The only other bank headquartered in Orange County to get TARP funding is the Saigon National Ban in Westminster, which received $1.5 million [more...]

Date: 2009-01-15 10:00:55

How "Something For Nothing" Ideas Become Policy

Leaders all over the world are now in an Undeniable Shift to Keynes even though every such attempt in history has failed. Please consider the madness:The sudden resurgence of Keynesian policy is a stunning reversal of the orthodoxy of the past several decades, [more...]

Date: 2009-01-02 08:49:00

Deflation, Deleveraging, and the Stimulus Effect

Forecast 2009: Deflation and Recession January 10, 2009 By John Mauldin Where are we headed in 2009? We will explore that in detail over the next few issues of Thoughts from the Frontline, but today we will start with some of the larger forces which will have a major impact on the economies of the world, [more...]

Date: 2009-01-11 12:32:28

Blame the bailouts on Mr. Rogers???

Guest blogged by Dan I miss the "Outrageous Quote of the Week". I admit that I was never certain if an honest, but truly ignorant quote, was more outrageous than one that was just mean-spirited. Elizabeth MacDonald lets us have both. Ignorant and Mean-spirited. Blame the Bailouts on Mister Rogers? [more...]

Date: 2008-12-19 15:21:57

Economic Potpourri December 30, 2008

The barrage of noteworthy economic news continues as we head into the new year ... to buy bad loansJapan's government and central bank are considering a $110 billion scheme to buy bad loans and other financial assets from banks to ease a credit crunch gripping the country's businesses [more...]

Date: 2008-12-31 02:58:00

Car Loans

Like all sophisticates, ... a great job of detailing how the car loan business looked amidst the general credit madness: Here’ ... the financing, often because they advertise lower rates than banks. That’s when the scam starts. Many car [more...]

Date: 2008-12-22 18:56:16

Car Loan w/ Bad Credit!

Life is so difficult without vehicles, it can be considered as a primary use of transportation ... don’t worry about car loan with bad credit. Okay?Then if you register, you will not be given ... . I think it would be best to buy a brand new car with the help of the best car loan site [more...]

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

Russia: The Crisis and The Potential For Unrest

In mid-October, Global Voices published a roundup of Anglophone bloggers' views on the financial crisis in Hungary, Estonia, Latvia, Lithuania, ... likely - a rise in corporate and household defaults on forex loans, just how long will it take [more...]

Date: 2008-12-21 03:07:39

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