Underlying Demand During a Housing Shortage

There is an impressive amount of garbage in today's headlines to sift through. Most of it, of course, is rubbish. But there are probably two main takeaways from the last 24 hours: don't fall for the earnings recovery story, and housing is still a sucker's bet in country's whose names begin and end with the letter "A". Let's take the earnings recovery story first. Tomorrow we're going to have a look at the outlook for Aussie bank earnings. [more...]

Date: 2009-09-30 04:58:24

Blog posts (551) | Videos (361)
 

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

Latest Tips For Using Loan Calculators To Save Money

September 28, 2009 | By John Boone In Finance | by Ann WhittakerImagine the next time you join a discussion about simple loan payment calculators. When you start sharing the fascinating loan calculator facts below, your friends will be absolutely amazed.Financing your dream car and keeping bad credit at bay is as simple as 1-2-3. Financial institutions are increasingly becoming flexible about bad credit personal loan applications. [more...]

Date: 2009-09-28 20:24:26

Makers of Crap Sandwich Now Pitching It With 10-Percent More Corn

The big three automakers are back in Washington, trying to convince Congress to give them your hard-earned money so they can keep afloat businesses ... under the weight of an economic meltdown, the worst auto sales in decades and a tight credit market ... refinance their companies' debt, cut executive pay, seek concessions from workers and find other [more...]

Date: 2008-12-02 12:57:12

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

Things To Remember In Choosing A Credit Card

by Eric Jilson If you have a low credit rating, you will most likely not be offered an unsecured low interest credit card. This requires faith on the part of the credit card company that you will repay your debts on time. People with good credit are able to get these cards because their credit history shows that they have been capable of paying on time in the past. If you have good credit and plan to continue making timely payments, then you will probably qualify for these low-interest credit cards. [more...]

Date: 2009-09-28 09:44:37

Coherently Yours: Professor Krugman’s Track Record of Economic Commentary

Let me start with an anecdote: a friend of mine, whose opinions I respect, confessed to me two weeks ago that he went to his bank  and withdrew a couple of months worth of living expenses, because he was very concerned about potential restrictions on accessing his money; I have to admit he nearly scared me into doing so myself [more...]

Date: 2008-10-25 15:54:03

Bad Credit Car Refinance Options

Your bad credit car refinancing is very easy to do if you act fast after first getting your loan. Once a car loan drops below about 8,000 dollars, it is hard for even people with great credit scores to find refinancing options. Although, when car loans do drop below that 8,000 dollar mark, there are alternative methods of refinancing available so that all monthly bills can be lowered into a range that can be paid easily if income drops unexpectedly. [more...]

Date: 2009-09-29 17:57:47

Need a Payday Loan? Important Tips are Here!

Do you looking for a same day payday loan? The financial help through a no fax payday loan will be a best option for you. Getting a loan on the same day of application is not that complicated because of the increase in payday loans available today. This will help you to manage your unexpected expenses without any delay. You don’t have to waste your time on faxing documents and proofs. If you are not getting approved by one lender, don’t be panic. You can try with other lenders. [more...]

Date: 2009-09-29 18:16:13

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!

by Addison Wiggin & Ian Mathias Ghosts of the fourth quarter haunt global financials… so begins the second act of the credit saga Even the ... -Ukraine gas dispute not yet over… a reader provides firsthand account And… action ... $30 billion to stay afloat, analysts at Morgan Stanley predicted today. According to Morgan’s report [more...]

Date: 2009-01-14 07:36:46

No Credit Check Loans – Help and Advice

by Jimmy Tyrrell Thinking about a no credit check loan but not sure of all the facts? If so, you should invest a few minutes reading this. By the end of this article you should be better informed to decide if no credit checks loans are for you, and as there is more than one type of no credit check loans which one you should consider. Firstly, we must address the subject of no credit check payday loans. Because of the reasons described below these loans might not be an option. [more...]

Date: 2009-09-29 11:35:37

Storm warning

One little example of why this ain't over yet. I expect my next book, due out in a couple of weeks, will earn me grief ... strategies, actually. It all comes down to risk. If the risk of something bad happening is zero ... so. But if you did, you’d probably take out insurance against loss. At the moment, very few people are doing [more...]

Date: 2009-01-05 03:05:00

Two clubs for small mortgage banks; Freddie pushes back 10/1 changes; GMAC steps in to TBW role

  Out here in California, some in the business have been following the case of 28-yr old Garret Gililland III. Originally from the Sacramento area, he was just captured in Spain and brought back to California to face charges of a $100 million mortgage fraud ring. In yet another example of what seems to make the headlines for mortgage brokers, Gililland fled in June 2008 with at least $250,000 in cash. [more...]

Date: 2009-09-28 14:40:26

Fast Student Loans Master Key- Pointers to Reveal the Good Colleges

Fast Student Loans Master Key- Pointers to Reveal the Good Colleges by Andrea SouthIf you are requiring bad credit student loans, you have fought with ruined finances in the past, or have not had time to get a great credit rating. Both of these aspects contribute to what is known as bad credit history, and acquiring student finances under both of those categories can be difficult at best.There are a few methods you can utilize to make bad credit student loans possible to gain. [more...]

Date: 2009-09-29 17:21:06

U.S. Banks Refuse to Detail How They’re Spending Federal Bailout Money

After receiving hundreds of billions of dollars in taxpayer-funded federal bailout money, the biggest U.S ... up right now, and we’ll send you an important new report for free: “The Three Best Investments in Asia ... . Some of those buyouts deals are being done in markets as far away as China. Meanwhile, credit remains tight [more...]

Date: 2009-01-06 15:56:33

What's triggering decline?

A PORTFOLIO manager described the market’s recent plunge to economist Ed Yardeni as “Greatest Margin Call of all times”. Indeed ... and Goldman Sachs—are becoming much stingier with lines of credit. As stocks plunge, hedge funds must ... for liquidation to meet cash calls. It is no coincidence that the dollar and yen have rallied against [more...]

Date: 2008-10-10 18:30:00

A 90?s Flashback for Commercial Property

Angela Pruitt reports: Commercial property is bracing for a tough time that could morph into a crisis similar in scope to the free ... in history. But with the credit markets in lock-down mode, consumer confidence battered ... on investment-grade corporate debt,” Kirby said. “Those rates have gone up north of 9%. That’s bad news [more...]

Date: 2008-11-26 15:40:57

The Cause of Bubbles =Investment vs Financial Engineering

Let me get this straight.  In 2008, funds trying to squeeze out another basis point or two thought they were being conservative  buying insurance on heavily leveraged portfolios of sub prime loans and other debt. Once those loans started to default, it  created a cascading deleveraging event which lead to major financial institutions failing [more...]

Date: 2008-10-11 20:12:06

Profiting from Payday Loans in 2009

On an otherwise normal evening in 1964, a woman known as “Miss Witness” received a disturbing telephone call from alleged loan shark Frank Sacco ... . Prices are still crashing - currently sitting about 35% below a year earlier. Credit is nearly frozen. Banks and credit card companies alike are buckling down and leaving very little money free [more...]

Date: 2009-01-16 19:38:12

An Anti-Masterpiece Of Timing In California

The Mercury News reports from California. “John Gronley bought his dream home nine years ago for $625,000. Its paper value peaked at $1 ... through people such as a former loan agent at a small San Leandro brokerage.” “‘We called them ‘ ... who could never afford a loan on a $400,000 house. At least once a month we’d all look at each other [more...]

Date: 2008-10-04 17:43:14

Holiday Cheer: Reality is Not All It's Cracked Up to Be

I am currently on blog holiday, and am re-posting some refreshing concoctions from Christmases past.Life. It's deep, right? ... surrounding (i.e. Shaolin), that credit card debt and those student loans aren't mundane, they suddenly ... told, cash ruling everything around me. These geniuses accomplish the impossible: they make Staten [more...]

Date: 2008-12-29 16:00:00

The Bank Life: Isn't It Swell

With banks getting preferred treatment by governments across the world, one wonders what life as a bank might be like ... of this former Dire Straits hit. Does a bad credit score hike your borrowing costs in real life? Again, better ... the drunk driver can crash into a wedding party, killing most attendees and wrecking the car. At that point [more...]

Date: 2008-11-28 16:28:23

Progressives Have Come Up With A Bill Worth Backing But Will Rahm Emanuel And His Allies Kill It?

Yesterday Alan Grayson, the Blue America endorsed candidate for the Orlando congressional seat held by pathetic Bush rubber stamp Ric Keller, ... bad choices, then "credit" (mortgages, car loans, business loans, etc.) will disappear ... was created, whenever there was a need to ease credit, the Federal Reserve lowered interest rates and bought [more...]

Date: 2008-10-01 09:30:00

The Past Is History

It’s Friday desk clearing time for this blogger. “Since she put her Norfolk rental home on the market four months ago, ... against their home equity through subprime loans will find it virtually impossible to refinance ... , now their loans are adjusted and they can’t make the payments,’ said Daniel Murphy, owner of Seaside Mortgage Co [more...]

Date: 2008-10-10 20:55:09

Bill Maloni: You Want to Blame Who?

Doom friend and former long-time Fannie Mae Chief Lobbyist Bill Maloni has once again given us permission to re-post his most recent blog article ... ,” (Mischief Makers for McCain). This fact came home to me this past week, when last Sunday I drove ... of the residential real estate and everything else bad in the US markets. ATTACKING THE GSEs [more...]

Date: 2008-10-06 07:05:57

Bad Credit Payday Loans: Meets The Instant Needs Comfortably

If we have been using reduced of finance management during a really consequential juncture, it can be a lot frustrating. Along with it, a past credit problems creates barrier that serve reduces a possibility of availing loans. This credit complaint diminishes your credit and lenders have been not during all meddlesome to suggest any financial assistance. [more...]

Date: 2009-09-29 04:23:53

Bad Credit Mortgage Refinance Options

by Natalie Totty Many people that have bad credit are looking to refinance their home. They should know that it is really not that hard to do and is not impossible. Contrary to belief, there are lenders out there that are bad credit mortgage lenders and offer bad credit mortgage refinance to consumers. They can tell you about all the many types of loans that you could qualify for, even if you have bad credit. If your credit is not too bad, they can also help you finding financing options as well. [more...]

Date: 2009-09-28 09:37:26

Could the Satyam/PwC fraud be the visible part of an iceberg? Where are India’s “Generally Accepted Accounting Principles”? Isn’t governance rather poor all over corporate India? Bad public finance may be a root cause

  In a March 5 2007 article in The Statesman, I said: “Our farmers are peaceful hardworking people who should be paying taxes and user-fees normally but should not be otherwise disturbed or needlessly provoked by outsiders. It is the businessmen wishing to attack our farm populations who need to look hard in the mirror – to improve their [more...]

Date: 2009-01-08 07:40:36

Good News

There's a change, but it didn't come as a complete surprise considering how packed the Keys have been with cars and gasoline around $1.80 a gallon ... and no one wants to kick their neighbors out of the Keys. The bad news is that locals looking for secure ... . Naturally bridge loans and credit extensions aren't available as banks hoard their (taxpayer) [more...]

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

I'm still mad about the economy-especially Michigan's

----- Original Message ----- From: Senator Debbie Stabenow Sent: Friday, December 19, 2008 7:04 PM Subject: Auto Bridge Loans "Last week . ... . I am pleased that they have taken action to provide the necessary bridge-loan to help our automakers through this global credit crisis, and preserve jobs here at home. While today's actions may [more...]

Date: 2008-12-22 21:31:17

Leveraged Finance Defined

Leveraged finance relates to funding a business, a company or another investment using more debt than would be considered normal ... -out, to repurchase some shares, or to fund a dividend. Although different banks offer different options ... loans that offer a high rate of interest in order to reflect the higher risk that is posed [more...]

Date: 2009-01-05 13:08:44

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

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

Mixed Trading as Citi Plans To Restructure Loans

Well, well, another interesting day of trading while the world sits and waits for our dreaded employment numbers to be announced ... into it. Not me, I expect the number to be very bad and as a result it reminds me of just how big of a mess ... to participate in mortgage adjustments for distressed housing loans. Are you serious? I don't [more...]

Date: 2009-01-08 03:06:15

Congress expected to pass financial rescue package

Key lawmakers who struck a post-midnight deal on a $700 billion bailout for the financial industry predicted Sunday it would pass Congress, ... when Democrats agreed to incorporate a GOP demand - letting the government insure some bad home loans ... as much as $700 billion into beleaguered financial firms that are starving for cash, taking over huge [more...]

Date: 2008-09-28 17:17:17

The Great Unwind

flickr (TW Collins) In “The Arabian Nights,” the beautiful princess Scheherazade buys one day of life at a time by recounting fantastic fables that ... diminishes the capacity for further credit creation in the future. The second phase of the cure is the higher cost and lower availability of credit. This forces corporations to sell assets, reduce [more...]

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

A Hint Of The Nightmare To Come

It’s Friday desk clearing time for this blogger. “For four years the Neal family called a two-family house in New Haven, home ... that really hurts people. We’ve had a lot of people say ‘We love the house,’’ but they just can’t find ... trying to sell her home. ‘It’s hard to find people who can get financing,’ said Moore. ‘It’s getting [more...]

Date: 2008-10-31 21:25:41

Short Term Funding

Readers Question: There appears to be a lack of credit to companies whereas there are huge amounts of money in money market funds ... of recession. A corportate loan has become a lot more risky because of the economic downturn. e.g. ... funds / finance institutions have had to write off bad loans meaning their balance sheets are pretty bad [more...]

Date: 2009-01-17 09:51:39

Feeling A Bit Of Deja Vu

It’s Friday desk clearing time for this blogger. “Gresham and its working-class neighboring cities have caught more than their share of the housing pain. On the north end of Main, real estate broker Darren O’Halloran’s sign hangs in front of a vacant lot. O’Halloran bought the plot with a partner and hoped to resell it for a profit [more...]

Date: 2008-09-26 19:21:04

Six Simple Steps to Avoid Credit Problems in a Bad Economy

The New York Times ran a story today that says the next consumer crisis is credit cards — a sobering fact in a nation that has racked up massive amounts of credit card debt. Unfortunately, when times get hard, many people turn to credit cards ... this myself, buying things on credit when I had no other way to pay for them. I’m not talking about [more...]

Date: 2008-10-29 23:20:31

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

Unique Banking Needs? Hogwash.

A topic I have become increasingly consumed with is the misconception and overestimation of financial services market fragmentation ... with a very stagnant set of customer/member needs and wants.This isn't exactly a bad thing for credit ... are all that "unique" and "distinct" as they pertain to financial services. We need loans, payment vehicles [more...]

Date: 2009-01-11 15:17:00

Banks and Bad Behavior

So far it seems those banks and financial institutions fortunate enough to receive billions of dollars from the government are showing their ... accounting problems, analysts say. The company could be taking the $85 billion line of credit ... , just after getting its loan. The securities industry isn’t the slightest bit apprehensive about doling [more...]

Date: 2008-10-30 13:23:09

FACING SOUTH INVESTIGATION: How did Republicans get an $8 million bailout from failing Wachovia?

UPDATE: A version of this story is now the top-ranked diary at DailyKos -- go visit for more information and discussion Wachovia Corp ... charges of favoritism, as Wachovia denies credit and freezes assets for thousands of other customers ... back on making loans. By July 2008, Wachovia branches were turning down most loan requests that came [more...]

Date: 2008-10-09 19:33:45

MARKET WATCH: Quik’s Annual and Quarterly Report

Rossignol Gone, Leverage Issue Being Managed They filed this thing on December 30th. I, having no life, read all 89 pages New Year’s morning. I strongly recommend Proseco (Italian sparkling wine) over champagne. It seems to do fewer bad ... out when I wrote about the press release, non cash charges of $65 million. $10 million [more...]

Date: 2009-01-05 19:10:36

Economy in Shambles, Times are Tough: Oh Really?

Yesterday, the Dow Jones Industrial Average lost 514 points, making October 22 yet another day among the top ten worst days on Wall Street. But it’s the credit crunch that we’re feeling on Main Street. Until the banks start lending to each other again, it’s difficult for small businesses and individuals to find loans necessary [more...]

Date: 2008-10-23 14:47:55

Lessons Learned From Losing a Quarter Million Dollars

About the author: This guest article is presented by Debtkid, who recently begun working part-time for LendingClub ... that day, I made over $15,000 in a few hours with my laptop. I was 22 years old. Too bad I was already ... first with stocks, then options, then currencies. I gained access to capital from credit cards, personal [more...]

Date: 2008-11-26 12:30:53

Mortgage Market Week in Review

Well, here we are on Friday again. Are you getting motion sickness from all of the news and rumors that are flying back and forth? ... credit, but at least good credit, 3) sufficient verifiable income to support the loan request ... about today: The Bailout/Rescue Plan, some very weak economic reports, the credit markets and do bankers [more...]

Date: 2008-10-03 18:26:32

Get Money Quickly With Online Payday Advances

by Rose Martin Payday advances have helped millions of people get the cash that they need in a small amount of time. When people are looking to get something in a hurry, the typically tend to turn to the internet. Especially if you need money in a rush, you should make sure that you get online to get an advance first. Here are the ways that you too can benefit from a payday advance. The money that you get from a loan company needs to be paid within about two week’s time. [more...]

Date: 2009-09-29 20:53:06

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