The Motor City’s Burnin’
Today, the executives of the Big Three return to Washington to pitch their case for federal assistance ... dominated by three auto plants. You can take the boy out of Detroit, but you cannot take Detroit ... words, it includes all the famed legacy costs. Whether those legacy costs are good or bad/right [more...]
Date: 2008-12-02 20:34:48
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Bankruptcy Reform Caused More Foreclosures
This research is from the NY Fed. It finds that bankruptcy reform shifted default risk from credit card lenders to mortgage lenders and in doing so ... just about falling home prices, bad mortgage decisions, and weak economic conditions? No and no. Indeed, we would ... in subprime foreclosures by shifting risk from credit card lenders to mortgage [more...]
Date: 2008-12-12 22:43:00
January 10 2009: Hornswoggled Absquatulation
Russell Lee Tobaccy Candy 1940 Pool hall, Shasta County, California Ilargi: The revolving doors between Washington and Wall Street are swinging like never before. Lawrence Summers and Robert Rubin are the finance powerhouses in the upcoming Obama administration. They were in the exact same place 10 years ago [more...]
Date: 2009-01-10 16:28:00
Lost In A Sea Of Stark, Empty Houses And Vacant Lots
It’s Friday desk clearing time for this blogger. “Record numbers of Sonoma County homeowners are seeing property taxes fall, ... have been a little hard to swallow.’” “Bob DeKeulenaere says junk cars in his neighbor’s yard prevented [more...]
Date: 2009-01-02 17:57:28
Satan Has A 350 Credit Score
By John Rasor indulgence, greed and envy can take over and send your credit in a downward spiral. The lowest credit score you can have is a 350 ... , gluttony and being a debtor with outright disrespect to the creditor can earn you a bad credit rating. I have personally never seen a 350 credit score but supposedly they do exist. If you have bad cred [more...]
Date: 2009-01-16 22:01:48
O.C. homes appraise 18% cheaper in a year Slice of Nixon’s Western White House? Only $15 million Bankruptcy sought for ocean-view homes in San Clemente Crystal Cove homesellers stubborn on pricing Higher-priced O.C. homesellers continue to discount Calif. home prices off 28.9%, nation’s worst drop O.C [more...]
Date: 2008-12-08 08:22:21
DrumBeat: December 12, 2008
U.S. Northeast Heating-Oil Delinquent Bills Top $100 Million (Bloomberg) -- Heating-oil dealers in the U.S ... -credit debt that is ranked in credit-reporting agencies and that affects their credit directly,” ... Petro-Canada in no rush to find U.S. refining space CALGARY, Alberta -- Petro-Canada will not look [more...]
Date: 2008-12-12 13:55:16
Fear and Loathing in Detroit
Fear and Loathing in Detroit Posted by Guest Poster Published: December 8, 2008 - 7: ... as the auctioneer); Bad Loan Department (no explanation required) and Workout and Restructuring Group ... who had seen more than his share of bad loans and dumb business decisions. This fellow was an anomaly [more...]
Date: 2008-12-09 00:27:43
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
Qualifying For a Used Car Loan
A used car loan is given to those who wish to purchase a car that has had a previous owner. The car may be purchased from the owner or used car lot ... will be lower. This can help a person keep their car. For those with bad credit, a used car loan ... credit report, although there are lenders who are willing to grant loans to those who have filed [more...]
Date: 2009-01-17 09:34:44
AEI Subprime IV.5: Whalen Presentation
Here is Housing Doom’s fifth installment of our unauthorized annotated transcript of the American Enterprise Institute’s October 30, 2008 seminar "The Deflating Mortgage and Housing Bubble, Part IV: Where Is the Bottom?" This is the presentation by Chris Whalen. He makes use of a slide deck. Here is the official transcript [more...]
Date: 2008-12-02 07:01:48
Borrowing Beyond your Limit can Result in Consumer Debt
Consumer debt has risen to worrying percentages in the past few years ... debt can be acquired in various forms, including through a credit card or a payday loan. There are many ... of the loan, how much the borrower is able to pay back per month, their current credit score [more...]
Date: 2009-01-17 00:24:29
Yet More Retention Bonuses at AIG
Over a weekend, word leaked out that AIG is paying yet more retention bonuses ... bonuses to deter the giant insurer. A few Congressmen saying bad things hasn't put a dent exhorbitant ... to be in the business of saving private enterprise from its bad decisions. There were hardworkng people [more...]
Date: 2008-12-14 01:56:17
Fixing Bad Credit
Fixing Bad Credit With the current economy situation many people have bad credit due to losing jobs, poor money management and unforeseen medical expenses. We all know having bad credit makes ... college funds intact. Legally Fix Your Bad Credit Now you can help take your stress away from bad [more...]
Date: 2009-01-18 00:40:11
Deals of the Day: Goldman Recommends Fannie Mae Bonds
Deals of the Day, compiled by Stephen Grocer and Heidi N ... , bankruptcies, financing and private equity. You can bookmark Deal Journal for easy visiting throughout ... billion rescue package for the nation’s imperiled auto industry Wednesday night, but the emergency [more...]
Date: 2008-12-11 13:33:58
Tips For Buying, Giving, and Using Discount Gift Cards
As a stereotypical male, I seem innately handicapped when it comes to performing certain tasks - “confusing activities” that include shopping and ... the person a gift card instead, you liberate the recipient from having to make the frugal choice [more...]
Date: 2008-12-01 08:17:36
General Motors and the Insolvency Epidemic
General Motors is in a bind, and bankruptcy will help. General Motors is in a bind, and bankruptcy will make it worse ... has been avidly debating the fate of the teetering auto maker. But does the debate about GM tell ... are you in? Sean Mathis: There are many more headlines to come, but one of those won’t be the auto [more...]
Date: 2008-12-03 09:00:00
Madoff Scam: "He’s a person of integrity..."
A: Waking up this morning here to plenty of news; Senate votes down auto bailout as Harry Reid states "No more talks on auto bailout..." & Bernard Madoff admits to employees of running a $50Bln Ponzi Scheme, using new principal from new investors to pay out returns to existing investors [more...]
Date: 2008-12-12 14:24:37
Book Review and Giveaway: Rich Like Them
In Rich Like Them: My Door to Door Search for the Secrets of Wealth in America’s Richest Neighborhoods, author Ryan D’Agostino decided the best way to learn how the richest people got that way was to simply ask. So, he did. Traveling through almost 2 dozen of the richest zip codes, [more...]
Date: 2009-01-12 06:01:25
Payday Loan Quotes
Search online to know that the money urgently and the lender’s fee ... deals. Bad credit borrowers too can approve payday loan quotes their - ambassador collection payday loan ... by different loan companies are relentless when you do not need to go through any credit checks [more...]
Date: 2009-01-17 20:21:13
Find Out Now Useful Knowledge - Car Loans
Find Out Now Useful Knowledge - Car Loans Posted on January 16, 2009 (0) Comments Show Bookmarks [ ... if you have a bad credit, although at a higher interest rate. Having finalized a deal, you shall ... . Even if you have bad credit, these companies will be happy to consider your car loan application [more...]
Date: 2009-01-16 12:40:10
I said all this a million times but now that it is too late, a believable source: Martial Law, the financial bailout, and war by Prof. Peter D. Scott!
Global Research, January 8, 2009Paulson’s Financial BailoutIt is becoming clear that the bailout measures of late 2008 may have consequences at least ... about its own bail-out (using government-backed loans) that amounts to trillions. This lack of transparency [more...]
Date: 2009-01-12 13:00:00
Anything That Could Go Wrong Did Go Wrong
The Gazette Times reports from Oregon. “After a months-long struggle to move through the city’s planning department and overcome objections by ... of the $27.8 million in cash it owed to clients. The company said its problems are a result of loans [more...]
Date: 2008-12-29 17:24:14
Student Loan Default: How to Deal with It
by William Blake If you fall behind in your student loan payments and end up in student loan default, ... eligibility and recover your credit score. This option is only available to people who arrange ... financial aid eligibility, make your credit rating better, and possibly have your student loan default [more...]
Date: 2009-01-17 20:48:52
Home Loan Owner Personal Secured – Pros and Cons Of Personal Homeowners Secured Loans
Do you own a home and you need money for unforeseen situations? Home loan owner personal secured loans can help you in that regard ... personal unsecured. These loans are of the secured type, and just as the name says, your house ... or bad credit score. Even in the case of bankruptcy, IVAs, arrears or CCJs, you can still apply [more...]
Date: 2009-01-08 04:06:14
Two crises for the price of three
We are living through two crises, for the price of three, thanks to the authorities. The first crisis was the massive overextension of borrowing in the Credit bubble, which low interest rates and loose banking regulation, off balance sheet financing and a culture of buy now pay [more...]
Date: 2009-01-16 06:52:36
Bailing Out American’s Credit Card Debt
We have been hearing a lot of talk lately about bail outs. We bailed out Wall St ... . Let’s start with a couple of facts: The average American with a credit file is responsible for $16,635 in debt, excluding mortgages, according to Experian. The average credit card interest rate [more...]
Date: 2009-01-09 08:20:46
Auto Sales Plunge To Lowest Level Since 1982
MarketWatch is reporting Automakers post steep sales declines. Here are some of the highlights from the report.Ford, Lincoln and Mercury combined car sales fell 31.5% to 37,272 units. Ford truck sales slumped 29% to 81,546 units with sales of the flagship F-Series pickup down 18.6% to 37,911. Volvo sales tumbled 46.5% to 4,404 vehicles [more...]
Date: 2008-12-03 05:02:00
Words from the (investment) wise 12.15.08
Words from the (investment) wise for the week that was (December 8 - 12, 2008) ... that liquidity was still being hoarded. (Also see my “Credit Crisis Watch“.) 13-dec-v1.jpg Source ... of the biggest industrial failure in US history caused a sell-off on global stock markets, a widening of credit [more...]
Date: 2008-12-14 12:42:13
End debts without Security - Unsecured debt consolidation loans
Debts, loans, unpaid bills, increasing expenditures, your lenders calling you again and again and troubling you, ... of debts. Unsecured debt consolidation loans are personal loans, which are for combining ... in the minds of borrower while taking an unsecured debt consolidation loans is the higher interest rates [more...]
Date: 2009-01-17 06:24:32
Words from the (investment) wise 12.28.08
Investors spent the holiday-shortened Christmas week in an un-merry mood, digesting more gloomy economic data and taking stock of a tumultuous 2008 ... s exuberance), but also still be battling with the implications of the credit crisis for the global economy [more...]
Date: 2008-12-28 12:31:33
Can China Avoid a Post-Olympic Economic Downturn?
By Adam Kritzer Economic analysis indicates that countries that host the Olympic Games typically suffer from economic decline and currency ... toys, medicines, and most recently, dairy products. Then came the credit crisis, which exploded [more...]
Date: 2009-01-12 14:39:56
The Student Debt Dilemma
mediocre student, so I can understand why I wasn't accepted there; but the other school that rejected me was a huge state school ... . This is too bad, because variable tolling is an excellent public policy. Here’s why: the basic economic [more...]
Date: 2009-01-08 06:59:00
THE FALL OF CHRYSLER
from the DETROIT FREE PRESS:Life on the sinking USS Chrysler BY SARAH A. WEBSTER FREE PRESS AUTOMOTIVE EDITORIs it ever too late for a rescue? ... auto show, starting Sunday, will probably even be the automaker’s last. A foregone conclusion [more...]
Date: 2009-01-09 00:06:15
Owner of Black Angus Steakhouse files for bankruptcy
the bottom line for this personal bankruptcy: $2.7 million in assets and $345.3 million in debts. Deeper inside the schedules Gantes discloses that he potentially owes millions in unpaid payroll and sales taxes for his restaurants: $5 million to $7 million to the Internal Revenue Service in unpaid payroll taxes [more...]
Date: 2009-01-15 19:15:42
Posts about Tri-State Real Estate (FL, GA and AL) as of January 13, 2009
Who’s #2 - carbonefamily.com 01/13/2009 Nematode update. Since I first mentioned the nematode problem, I’ve been religiously implementing the sugar solution … and in fact, one particular strain of French marigolds is the real killer. The variety is called “Calif [more...]
Date: 2009-01-13 14:21:36
Reviews Of The Best Capital One Credit Cards and Offers
Updated List Of The Best Capital One Credit Cards Below What’s In Your Wallet? ... , from subprime bad credit credit card applicants to high FICO score candidates. Since its decision to re ... - So goes the motto and promotional tag line from those zany Capital One credit card ads we’re [more...]
Date: 2008-12-18 20:46:00
Paquin Predicts Sales Bottom for 2009
From the Stockton Record:Question: It's been the slowest year yet for home builders. When do you anticipate that the market will hit bottom?Answer [ ... , the stabilizing of the overall economy and the easing of credit markets - a swing of the pendulum back [more...]
Date: 2008-12-09 02:10:00
Avail Debt Consolidation Loans To Recover Your Bad Credit Score
Is bad credit score messing up your life? Now solve this problem by combining all your debts into a single debt ... you an opportunity to overcome the trouble of bad credit score. Now the question is how debt consolidation loans will help you to improve your bad credit score. The process is very simple. These loans [more...]
Date: 2009-01-16 10:02:55
Big Three to Shutter 59 Plants – Chrysler Forces Dealers to Sell at a Loss
Chrysler LLC stunned its employees and dealers early yesterday (Thursday) ... credit terms to dealers. By the end of the day, Chrysler was joined by its two other Big Three brethren ... in the wake of a stubborn credit crisis and debate over the government bailout for the Big Three [more...]
Date: 2008-12-19 12:46:43
Free Guidebook to A Few Tips To Improve Your Credit Score
Your credit rating can be your most valuable asset or your most annoying hindrance. The fact still stands that you can not live comfortably without having a good credit score. There is no way to avoid the issues of your credit score, one way or another your credit score report [more...]
Date: 2009-01-08 23:50:54
Are You Half Full or Half Empty?
A: Which are you? If you are half full, you are choosing to look at the fact that the fed took on a ZIRP policy for rates, threw in the kitchen sink, and that the treasury just bailed out the automakers with a $13.4Bln bridge loan. The half full ... empty you look at the fact that things are so bad, that the fed had to take on a ZIRP policy [more...]
Date: 2008-12-19 16:01:47
Permanent Link to 87. Subprime mortgage bubble
87. Subprime mortgage bubble The housing bubble, its collapse, subprime mortgage crisis. Since about 1998, subprime mortgage loans have accounted for about 1/4 of US home sales. Such mortgages allowed people with low or bad credit ratings to purchase homes. Easy credit resulted [more...]
Date: 2009-01-08 08:57:43
Wayne Root: ‘California Nightmare: Why California leads the nation in deficit, debt and out-migration’
By Wayne Root RootForAmerica.com The latest reports are out- and there’s good news and bad news for California. The good news is that California leads the nation. The bad news is that California leads ... A that liberal “tax and spend” fiscal policy is a terrible failure. It is an experiment gone bad. VERY [more...]
Date: 2009-01-15 14:04:13
Wall Street Journal reports on causes of the housing bubble that burst our economy and in the long run helped no one out...
From the Wall Street Journal.... Housing Push for Hispanics Spawns Wave of Foreclosures-"California Rep ... with loans that often didn't require down payments, solid credit ratings or documentation of employment [more...]
Date: 2009-01-08 08:01:00
Best Guidebook to A Few Tricks To Raise Your Credit Score
Raise Your Credit Score Your beacon report can be your most prize possession or your most annoying hindrance ... . The is no way to avoid the issues of your credit score, one way or another your credit score report ... score. A copy of your credit report will let you know what you need to do in order to raise [more...]
Date: 2009-01-13 14:14:02
Bad Credit Loan
Bad Credit Loans are specially designed for individuals who are facing problems with their credit history ... such as bad credit car loans, bad credit personal loans, bad credit home loans and more. However, most ... bad credit loans and unsecured bad credit loans. Secured bad credit loans are offered only after [more...]
Date: 2009-01-16 12:47:59
Some Facts About Repairing a Bad Credit History
Many people do not know the facts about bad credit ... get a credit card with bad credit. They think they cannot qualify for a home mortgage with bad credit ... a credit application. You can get a credit card with bad credit, but you will pay higher interest rates [more...]
Date: 2009-01-17 00:08:25
December 2008 - Net Worth Update and Personal Finance Status
Honestly, I’m starting to regret posting my financial numbers online for all to see ... To Family and Friends Is A Bad Idea - Don’t Give Money To Others That You Wouldn’t Feel Comfortable Giving [more...]
Date: 2008-12-20 02:54:38
GOPUSA ILLINOIS Daily Clips - December 14, 2008
GOPUSA ILLINOIS Daily Clips for December 14, 2008 includes news and commentaries on the following topics: Republican Party candidates, ... /local&id=6554372 NBC5 -- 'SNL' Bleeps With Blagojevich Saturday Night Live skit parodies bad week [more...]
Date: 2008-12-14 14:08:28
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