Bailout Bandwagon Full…Please Catch Another

The bailout soup line is getting longer and longer. Heck, it is around the block ... billion the government set aside for car, student loans, and credit-card debt.  We got ... “Pork” is Really Going to Cost Us! Mmmmm Pork. No not the kind you may find...The Fed: A Bad Game [more...]

Date: 2008-12-23 17:24:58

Blog posts (268) | Videos (436)
 

When America Sneezes, the Rest of the World Catches a Cold

Every day, we get more bad news about the global reach of the financial crisis ... banks worldwide, the global spread of the credit crisis from the United States has hit Iceland hard, particularly making it virtually impossible for the Icelandic banks to handle their foreign loans [more...]

Date: 2008-10-08 20:17:27

Another bad bailout idea — raising deposit insurance cap is regressive and counterproductive

As the Wall Street crisis has expanded, politicians are falling all over themselves arguing on behalf of the “little guy” against “fat cats ... less they had to lend out during the credit crunch, defeating the whole purpose. It also would ... get anything in a goverment takeover, because laws since the savings-and-loan crisis give insured [more...]

Date: 2008-10-01 07:59:18

Russian Stock Market Collapse Exacerbates Its Credit Crunch

Russia's stock market took a beating as foreigners started getting cold feet over the British Petroleum row, ... and companies with loans, cash auctions and tax cuts to preserve the boom a decade after a crash ... joint venture, TNK. But falling oil prices are also a bad harbinger for a resource-dependent economy [more...]

Date: 2008-10-08 15:32:51

China Spreads Aid in Africa, With a Catch

  It is not every day that global leaders set foot in this southern African nation of gravel roads, towering sand dunes and a mere two million people. So when President Hu Jintao of China touched down here in February 2007 with a 130-person delegation in tow, it clearly was not just a courtesy call.   And in fact, China soon granted Namibia a big low-interest loan, which Namibia tapped to buy $55.3 million worth of Chinese-made cargo scanners to deter smugglers. [more...]

Date: 2009-09-30 07:16:47

Bailed Banks

The Bush-Obama strategy of throwing trillions at the banks to solve the mortgage crisis has been a failure. The banks welcome public money to remove toxic assets from their books, insured by we-the-taxpayers, as well as the hundreds of billions in direct handouts, but they’ve hardly returned the favor. They’ve used these funds to pay mega salaries and prop up stock values, choices that obviously benefit them. They needed public support, no one wanted the system to collapse. [more...]

Date: 2009-09-30 21:58:57

Generating a Robust Recovery

Economic Policy Institute: Generating a Robust RecoverySeptember 30, 2009: 2:00 PM - 4:30 PM Officially, the Great Recession may be coming to an end, but it will leave in its wake historically high unemployment and a host of other serious economic problems. How will policy-makers promote a robust, employment-led recovery that will lay the foundation for strong, long-term growth?  Meeting this challenge requires both the will to continue investing in families hard hit by the recession despite [more...]

Date: 2009-09-30 15:48:44

Bad Credit Debt Consolidation Loan Advice

Before considering a bad credit debt consolidation loan, think very carefully about your financial status. Once a consolidation loan goes into effect, it often has to remain in place if bankruptcy is declared further down the road. In the past, it was a dishonorable thing to declare bankruptcy, but times have changed with our current bad overall economical situation. Consumers are wise to consider all options before deciding upon what the best option is for your unique financial situation. [more...]

Date: 2009-09-30 18:01:54

I.M.F. Calls for Overhaul of Financial System

The International Monetary Fund said Wednesday that “the global economy has turned a corner” after the harrowing start to 2009 but that only a thorough restructuring of the financial system could prevent a return to crisis and pave the way for solid growth within the next 18 months, The New York Times’s Carter Dougherty reports.In its Global Financial Stability Report, an assessment that has brought widespread praise from economists as a thorough analysis of the system’s health, the I.M.F. [more...]

Date: 2009-09-30 11:45:02

Student Loans Master Plan: Tips to Unearth the Easy Colleges

September 30, 2009 | By Barlena Axelsson In Finance | by Dorothy WestIf you are requiring bad credit student loans, you have fought with ruined finances in recent history, or have not had time to gain a good credit rating. Both of these aspects contribute to what is known as bad credit rating, and getting student cash under either one of those circumstances can be difficult in the ideal scenario.There are several processes you can utilize to make bad credit student loans possible to gain. [more...]

Date: 2009-09-30 18:56:02

How Can Lawsuit Funding May Help To Avoid A Bad Credit

Many lawsuit plaintiffs have financial troubles while they wait for a settlement problem that could make more low their credit level . Credit reports are piled up by firms named credit bureaus that get reports directly from lenders about their customers paying practices. Founded on a debtors history of paying bills and the amount of debt the man has , credit bureaus go with a credit score for each man . [more...]

Date: 2009-09-30 13:20:28

Banks want to keep Americans stupid and in debt. A lesson in economics.

The first lesson we learned from the current economic collapse is: The market does not solve everything. Despite what the neo-cons like Ronald Reagan and George Dubbya told us, turning all state responsibility over to the market means that the entire country is motivated by profit and therefore operates under a value system of greed. This market-first government has not benefited most of us. In fact, it's only really benefited the super rich, like Reagan and Dubbya. [more...]

Date: 2009-09-30 17:20:32

FSA introduces latest measures to protect PPI consumers

The Financial Services Authority (FSA) has revealed a package of measures to protect consumers in the Payment Protection Insurance (PPI) market and ensure they are better treated when buying PPI or complaining about it. Single premium PPI products have long been controversial, particularly with consumer watchdogs who claim that the policies are misleadingly front-loaded, accrue outrageous interest, and have strict pay-out terms and conditions. [more...]

Date: 2009-09-30 13:40:06

Wall Street Breakfast: Must-Know News

CIT on the brink. Sources say CIT Group ( CIT ) is preparing a sweeping exchange offer that would eliminate 30-40% of its $30B in debt, giving bondholders new debt with a later maturity, and nearly all the equity in a restructured CIT. The plan is likely to be more attractive to bondholders with near-term debt, and some insiders say competing bondholder interests are likely to thwart any deal and send CIT to bankruptcy court. CIT -24% premarket. IMF turns optimistic. [more...]

Date: 2009-09-30 11:20:04

In The News Today

Barrick and its OTC Short of Gold Derivative Obligations: I am asked constantly how Barrick can cover all their hedges. The answer is quite simple. Barrick does not have to buy one ounce of gold. You buy your way out of hedge contracts with paper money. The simple question is what does the long side want to release the obligation in light of future possible profits on the position? What a hell of a needlessly expensive mess. [more...]

Date: 2009-09-30 19:48:55

The Bank Short Sale – The Best Way Out Of Foreclosure?

by Anthony Mauwer A bank short sale is not the only choice we have to avoid foreclosure – but it is definitely better than some of the other possibilities. If a homeowner is already in this situation, they are already dealing with intense financial anxiety from every angle. If approved for a bank short sale, much of this stress will be alleviated because they’ll be in a great position to purchase another home. [more...]

Date: 2009-09-30 19:33:42

Home Loan Modification – Can You Modify to a Lower Mortgage Rate?

Getting a home loan modification can greatly help you avoid foreclosure and stay in your home.  By modifying to a lower mortgage rate or mortgage payment could go a long way to helping you save your financial career.  If you go through the foreclosure process you are going to find that it will be impossible to buy on credit for almost a decade.  This may not sound that bad but in all reality it makes life extremely difficult. [more...]

Date: 2009-09-30 19:19:52

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

If You Have A Debt Problem, Then Admit It!

You Can’t Solve A Debt Problem If You Deny Its Existence.  If you have a major debt problem and want to end it, then go look at yourself in a mirror and say, "I have a huge debt problem, it’s suffocating me, and it’s taking away my freedom", or whatever words feel right to you. If it felt real and you shuddered, then you’re most likely ready to start getting out of debt, but if you think that having overwhelming debts is: a) no big deal,b) something that everybody has right now,c) something [more...]

Date: 2009-09-30 20:42:18

Opting For Bad Credit Refinance Is Like Walking On Thin Ice

Opting For Bad Credit Refinance Is Like Walking On Thin Ice by Angus GuyWondering whether it is possible to get a bad credit refinanced or not? Well, you can most definitely get a bad credit refinanced as there are several people who take to this recourse. Normally, your credit ratings dictate the future prospects of availing a further credit. However, despite the low credit ratings; Bad Credit Refinance is definitely an option available.The bad credit situation is a result of various factors. [more...]

Date: 2009-09-30 21:56:17

Credit Repair Company

by Brent Hansen Bad credit history can bar one from getting a job, getting a loan, obtaining a lease or even in securing credit. Several people look for ways through which they can repair their credit in order to obtain or secure the credit they are looking for. This is because most of the lenders consider the credit history to be accurate and the best means that can help in judging an individual especially for prompt payments. [more...]

Date: 2009-09-30 12:07:14

Why would anyone buy a home today?

From MarketWatch: Home buyers advised to look before they leap Fox-Pitt Kelton home-builder analyst Robert Stevenson said Wednesday he thinks this year will turn out to be “a bad time to buy a home” as the U.S. economy loses more jobs ... or no down payment and shaky credit scores are long gone. For buyers, the big fear is purchasing [more...]

Date: 2009-01-07 18:21:09

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

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

Things You Need to Know Before Raising a Private Loan

Things You Need to Know Before Raising a Private Loan by Martin ElmerA personal loan (consumer loan, private loan) could be an option, if you are short on money. But before you are raising a loan, you better learn about concepts like security, fees and interest rates.A personal loan is defined as a loan rose by an individual. Normally it is raised to buy something (like a vacation or a television). But it can also be used to pay of other dept. [more...]

Date: 2009-09-30 11:41:02

Highlights and Lowlights of BofA’s Earnings Call

Bank of America moved its earnings announcement up to this morning to soothe investors after The Wall Street Journal’s report that BofA would need ... and $27 billion in credit costs. Many of the problems originated at Merrill Lynch, which had a loss ... Goldman Sachs research analysts noted wryly in a research report this morning. BofA CEO Ken Lewis [more...]

Date: 2009-01-16 16:01:30

Emotional, financial and legal advice on surviving redundancy

Keep calm Remember you're not alone Redundancy can be a devastating, sometimes brutal, experience but it's not your fault ... the credit crunch in your own backyard," says Phillip Hodson, a fellow of the British Association ... way as due to the western economic cycle, the bastard in charge of hiring and firing, or bad luck [more...]

Date: 2009-01-08 14:45:20

Employment Background Checks

by Ben Dave Background Checks are typically conducted discreetly. By that token, it is sneaky to some degree ... , Negligent Hiring being the big issue that it has become in human resource operation. Credit or loan ... . Employers, credit officers, landlords, lawyers, business partners and even prospective in-laws [more...]

Date: 2009-01-17 14:39:08

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

Emerald Marketing Payday Loans

Situations, a payday loan but actually these loans are made to save your salary. Sometimes, you just cannot wait any further misfortunes ... in their credit report. The money is short or the borrower to select emergency payday loans. These loans ... the repayment can cost you a substantial amount. Therefore, it is apt to submit the pay emerald marketing [more...]

Date: 2009-01-17 20:21:14

Refinancing When You Owe More Than The Home Is Worth

I've been looking around for an answer to this but my searches haven't returned anything useful ... ? Was all the refinance hype only because the markets kept going up? Is this the reason why people who got an bad loan ... to the utter limit for 100% financing could refinance into more favorable loans as their equity picture [more...]

Date: 2009-01-08 09:54:12

Free lunch? - What does UK government funding mean to startups?

This is a guest post by Nick Halstead, CEO and founder of fav.or.it As I am in the midst of raising another round of funding for fav.or ... funding for business that is meant to help SME’s survive through the credit crunch. The question ... SCHEME This is just a fancy new name for what you probably know as the SFLG (Small Firm Loan Guarantee [more...]

Date: 2009-01-15 09:25:59

Bad Credit Unsecured Loans-fast and easy to finance immediate

Bad loans unsecured fast credit and are particularly useful for those who are classified as loans and bad, but when you apply for a loan, they want the approval of loans to come quickly. The loan is designed for quick approval, despite bad credit. In comparing the various banks packages of loans, the loan can be used to interest rates relatively low. The article focuses on the different characteristics of the loan. read more [more...]

Date: 2009-09-30 10:34:35

I WANT MY BAILOUT MONEY

“I Want My Bailout Money” is the first song on the new hip hop album by NaturalNews.com editor Michael Adams (the “Health Ranger”) ... do you think we got runaway credit? Ain’t nothin goin down unless the crooks in Washington let it Now they regret it but they still don’t get it Cause the economy is crashin so bad it needs [more...]

Date: 2009-01-11 18:30:32

Credit Card Companies Are Closing Unused Accounts

Several GRS readers have written lately with the same credit card problem — but not the one you’d expect ... on to the accounts since they help my credit history. I just got some bad news about my oldest credit ... . And for my past loyalty they’re willing to potentially make me take a major hit on my credit score [more...]

Date: 2009-01-06 19:00:00

Take advantage of emergency funding from Fast Cash Personal Loans

Fast personal cash loans are very useful for immediate use in cash if it is an emergency situation. While rising interest rates and high cost lenders, the loans in cash, but the issues more quickly for an employee at the time of emergency. The loan will be used in a simple and stress-free, even for people who have bad credit. Read the article for the main characteristics of the loan. read more [more...]

Date: 2009-09-30 09:16:51

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

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

Your Credit Rating And You

by Steve Collins Credit ratings, at their most straightforward, are personal debt histories ... assessment of whether we are a good or bad risk. But what kind of information does a credit rating contain ... . Credit ratings can haunt us for our entire life, providing a often worrying picture [more...]

Date: 2009-01-17 22:23:20

Why Your Credit Rating Is Important

by Steve Collins Credit ratings, at their most straightforward, are personal debt histories ... of our financial behavior. Lenders and credit card companies look to credit ratings for the most simple assessment of whether we are a good or bad risk. But what kind of information does a credit rating contain [more...]

Date: 2009-01-17 22:27:43

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

Credit Crisis Watch: Gaining Positive Traction

In order to gauge the progress being made to unclog credit markets and restore confidence in the world’s financial system, ... in this “Credit Crisis Watch” review, one can ascertain to what extent the various central bank liquidity ... of the credit crisis in August 2007. 14-jan-1.jpg Source: StockCharts.com Importantly [more...]

Date: 2009-01-14 13:30:49

Links: 2009-01-16 - Banks, Ireland, and Africa

There is a lot of news out there so I have broken the links up into distinct sections. But, I have three topics of particular note today ... are imploding and that is bad ews for African economies. As bad as it is in the G-7 and the West ... $2.6bn - Times Online Bank of America Receives $138 Billion of Rescue Funds - Bloomberg.com Banks’ Loan [more...]

Date: 2009-01-16 14:45:49

?Foreclosure Auctions: A Bargain Hunter’s Dream

by Michael Geoffrey Buying a home at a foreclosure auction could be perfect for you if you are interested in purchasing a home for the lowest price ... these payments by credit card or personal check. The house will be resold immediately if the winning ... . The winning bidder will need to get a loan to cover the rest of the price of the foreclosure home [more...]

Date: 2009-01-18 08:34:36

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

Do you have bad credit?

I don't know how many times I have heard people talking about the reasons they were denied a loan but it seems that one of the common complaints was ... that they probably don't know why they have bad credit and that the report is most likely wrong. A lot of people do not even look at their own report and don't realize that there is probably errors [more...]

Date: 2009-01-07 04:45:00

Making Sense of Mortgages

Making Sense of Mortgages Posted by Dark Spider at January 17, 2009 Understanding mortgages is no easy task ... ?s market there is a loan for every type of situation. Short term, long term, good credit, bad credit, no matter. Just about anyone can find financing for their mortgage needs today. Keep in mind [more...]

Date: 2009-01-17 12:08:38

Fixed Mortgage Rate

Fixed Mortgage Rate January 17th, 2009 Subscribe To Our Feed Mortgage Loan Video Many people who are looking to buy a home consider ... a mortgage hanging around their neck forever but with home buyers entering the market later ... to be true. Loans agreed with a 15 year fixed mortgage keep the same interest rate throughout [more...]

Date: 2009-01-17 17:30:19

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