UPDATED: Senate buys into the Wall Street buy out… Obama: John Q Public too stupid to know what’s good for country… George Soros says buy out won’t fix credit problem

Putting increasing pressure on the House “no” voters to fall in line, the Senate voted (74-25) overwhelmingly in favor of a $700 bil government purchase of bad debt from Wall Street … with lots ... (increasing FDIC insurance limits). The basics remain the same. The government will buy bad assets [more...]

Date: 2008-10-02 02:59:48

Blog posts (180) | Videos (199)
 

5 Fixes for Financial Woes Get Out of Debt Fast

This year we are not in a good shape when we talk about financial status. We expect too much of our farm crop ... . Put “bad” debts, such as unpaid high-interest credit card balances and payday loans – cash loans ... . 3. Lose the Flab ***Consider how much you spend on mortgage, rent, car payment, insurance, groceries [more...]

Date: 2008-12-10 04:04:12

in Corporate Management | Credit | Derivatives | Real Estate An amusing Bloomberg article details the difficulties that former Citigroup Inc ... U.S. real estate markets." It is sad and almost -- but not quite -- amusing. Don't feel to bad ... . Source: Chuck Prince Finds Selling Home No Easier Than Fixing Subprime Sharon L. Lynch Bloomberg, June [more...]

Date: 2008-06-18 11:07:38

Give Me a Real Fix

Well it was another down day on Wall Street. All of the news seems pretty gloomy, from Sands corp ... is to restore confidence and force banks to loan and get people purchasing again on credit ... was they were really advertising that the food was bad and the service mediocre, not something you want [more...]

Date: 2008-11-12 08:12:08

Bad News: Unemployment Troubles Looming

Is trouble around the bend for the unemployed in Kentucky? ... a line of credit to the Commonwealth as a temporary fix. [more...]

Date: 2009-01-15 19:54:33

What do you think about deflation?

The economy just might be on the way to “fixing” itself, if it doesn’t destroy itself first ... more businesses could go under. Bad. Of course, in the long term, lower profit points could mean ... their credit, etc. That would be good. The New York Times reports that construction on new houses [more...]

Date: 2008-11-19 15:22:55

DEADLY RESCUE

My cover-story for the new issue of National Review:The road to hell is paved with bad interventions ... , and the SEC have backfired. They were intended to ameliorate a credit crisis and to keep it from spreading ... had powerful unintended consequences, with the government fixing one trouble spot only to create another [more...]

Date: 2008-10-31 20:14:30

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

Toyota: Credit Not Responsible For Current Sales Slump, But Please Hurry Up And Fix! [Toyota Sales]

Jim Lentz, Toyota's US sales chief, told the Detroit News yesterday that consumer financing isn't their challenge right now; rather, ... are postponing car purchases. Dealers across the country are singing a similar tune, saying that well-qualified buyers can still get financing, but continuing bad economic news is keeping buyers [more...]

Date: 2008-10-10 14:00:00

BREAKING! **DOUBLE-UPDATED** This "Fix" Needs a-Fixin'

... . All credit to Bigus Dickus, whose beloved Canaries could end up looking pretty bad if this all bears ... , goalkeeper Roy Carroll. FA Chief Lord Triesman has, per the BBC, said that match-fixing suspicions [more...]

Date: 2008-10-16 22:40:04

Fixing the USA... or tilting at windmills?

Okay, I'm officially fed up, so this may be my first blog rant ... $700 Billion for the financial sector. Maybe it will be to buy bad loans, maybe not. We'll see ... tanks, mostly because there's no credit to buy cars since the financial sector closed up. So let's [more...]

Date: 2008-12-17 13:36:53

Fixing a Global Confidence Crisis

It's been called a crisis of confidence. It started with bad real estate loans and highly leveraged bets on those loans. Now it has frozen credit markets. Banks aren't lending to each other. Businesses can't ... credit, the financial crisis threatens to become a real economic one. And it's global. Welcome [more...]

Date: 2008-10-08 23:12:39

Bailout BS: Fixing the US auto sector in 3 easy steps

[ Three easy steps to fix the US auto industry: Bailout automakers to survive another 3 years, unlimited tax credits for hybrid cars,EVs, etc, ... and create a gas tax. Tough love for Big 3 includes giving the Prius some credit I've had enough ... , automakers have made many important changes, but a few years doesn't rectify decades of bad [more...]

Date: 2008-11-10 20:28:57

No end in sight

I feel bad for the next President with respect to our current economic prospective ... that it would “fix our economic woes” - a bailout that gave these financial institutions approximately 50% of the United States GDP, without any strings attached or requirements supposedly to “free up credit [more...]

Date: 2009-01-09 22:31:00

Dave Ramsey, Common Sense Fix Rather Than Congressional Rescue

Financial counsellor and syndicated talk show host Dave Ramsey---where credit card debt goes to die---presents an alternative to the $700 billion ... all prepayment penalties to encourage refinancing or the sale of the property to pay off the bad loan ... Ramsey's plan: "Years of bad decisions and stupid mistakes have created an economic nightmare [more...]

Date: 2008-10-01 13:11:41

Buy a New Car or Fix the One I’ve Got?

I knew it. I just knew my car was in bad shape. I’ve talked about it before, and I knew it was going to happen ... looking at about €4,000.” We don’t have €4,000. Not only that, but we won’t get approved for a loan ... of money, it’s going to have to be through tapping the open line of credit at a gazillion percent [more...]

Date: 2008-10-17 10:00:17

Friday's comment from the papers in...

Daily_fix_top_20 Today in Times Comment Gerard Baker: Only Americans could produce a result like this Michelle Obama: ... in a strange land (Florida) Ross Clark: The interest rate cut is bad economics and bad politics Joan ... the countryside Leading Article: (The Independent) - This rate cut is not just about credit [more...]

Date: 2008-11-07 08:01:03

Fixing the Unemployment Outlook

by The Mogambo Guru Mish Shedlock at globaleconomicanalysis.blogspot.com has looked at the latest Z1 Flow of Funds report, and found that "$7 ... of 2008, is also as bad as it looks, then "roughly $10 Trillion in household wealth ... !), PLUS give me a tax credit (which is cash in my pocket!) for, oh, say, 10% of what I spent, as a sort [more...]

Date: 2009-01-02 20:04:08

Up Again Fixing the Servers, Hating Life, Contemplating Colorado

Up Again Fixing the Servers, Hating Life, Contemplating Colorado 6 Days Ago | Posted to: ... ? What dream? I haven't made a penny in five years. The credit card companies call incessantly. I owe ... misery. And it keeps getting worse. Has been for years. My fault, bad decisions. One after another [more...]

Date: 2008-10-30 07:08:26

Was the Bailout Too Costly?

Was the Bailout Too Costly? Written by Credit Karma October 13th, 2008 at 10:25 PM CDT No comments According to numerous sources at this point, ... of the issue, which is fixing the housing crisis and creating jobs.” She was quotes as saying in a recent ... as $700 billion dollars to buy off bad mortgage security as well as other devalued assets that [more...]

Date: 2008-10-14 04:26:06

Department Of Really Bad Ideas

While I've been more than a little skeptical about Treasury and Fed shotgunning trillions to their rich friends, ... up its sales pitch for a $250 billion stimulus package called "Fix Housing First," arguing that financial markets won't recover until home prices stop falling. They are calling for a generous tax credit [more...]

Date: 2008-11-24 01:55:00

artist feature :: arabella proffer

“Arabella Proffer-Vendetta is a painter, designer, and co-founder of the indie label Elephant Stone Records. Her loose narrative themes revolve around a fascination with punk rock, aristocrats, Renaissance fashions, aging socialites, pre-code cinema, gothic divas and rock ‘n’ roll groupies. She attended Art Center College of Design in Pasadena, CA before receiving her BFA from California Institute of the Arts, and has participated in solo and group exhibitions throughout North America and Europe. [more...]

Date: 2009-09-26 21:23:38

What are you reading?

Labor Days Vol. 2 Welcome once again to What are you reading?, the weekly column where the Robot 6 team runs through what comics and other stuff they've been checking out lately. As Chris is in Bethesda this weekend, I'm filling in for him as your host. Our special guests this time are Philip Gelatt and Rick Lacy , creators of the Labor Days graphic novels published by Oni Press. Volume two, Just Another Damn Day , is now available in finer retail establishments everywhere. [more...]

Date: 2009-09-27 17:11:32

Michael Moore: Interview of “Capitalism: A Love Story”

Thanks to Radical Eyes for suggesting this interview, which appeared on Democracy Now, and is available in audio.Guest: Michael Moore, Academy Award-winning documentary filmmaker. His latest film, Capitalism: A Love Story, opened in New York and Los Angeles yesterday. It opens nationwide on October 2nd.JUAN GONZALEZ: It was a year ago today when President George W. Bush gave a primetime address urging Americans to support the $700 billion bailout of Wall Street. [more...]

Date: 2009-09-27 16:29:27

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

Never Show up to a Gunfight with a Knife

Why do so many people struggle with money? Why is it so difficult to get ahead in a time of such prosperity? Why do the rich keep getting richer while the poor and middle class seem to continually struggle? I’ll tell you the answer: Most people follow bad advice and mimic strategies of the financially unsuccessful rather than imitating those who are already wealthy. You see, every day you make money choices that affect all areas of your life. [more...]

Date: 2009-09-28 20:03:13

Coach's Corner: 10 reasons your team hates you

Got this link from our webmaster Todd Politz -- might be trying to send me a message!  Intersting post from http://thoughtleadersllc.blogspot.com/.  I'm guilty of a few...how bout you?10. You don't prioritize. Everything is important. When you do this, you remove your team's ability to say no to less important work and focus their efforts on critical tasks. The fix: write down all the tasks you have folks working on and FORCE yourself to assign a H, M, or L to each task (and treat it as such). [more...]

Date: 2009-09-29 21:26:00

Hullabaloo (2009-09-26 13:00)

Mr and Mrs Moral Hazzard by digby This is just brilliant . For those of you who are wondering what the hell happened and is happening with the banking bailouts,(and why some people who should know are saying the system is " shakier than ever .") Chris Hayes and Nomi Prins have put it together in a way that anyone can understand. Here's an excerpt: Imagine a couple living in a three-bedroom house outside the Twin Cities. Call them Joe and Katie Hazzard. [more...]

Date: 2009-09-26 20:00:00

AEI Interns’ Transcripts in Date Order: Their Own First Draft of History

First of all, I want to reemphasize everything Laurie just said. This is not a new threat, and this is not a threat we did not know about. Saddam Hussein has, in many ways, openly dreamed of mass death in the United States. He has shared his dreams with his nation and the world many times. We also know he has actively planned to do so many times, and Laurie’s book is a rather convincing argument that he is active and successfully implemented plans to do so as well. [more...]

Date: 2009-09-28 08:30:21

How To Obtain A Mortgage Loan Modification To Prevent Foreclosure

In today's economic environment, mortgage foreclosure hurts everyone. The homeowner's credit score is destroyed and, most importantly, they are forced out of their homes causing them to lose everything they put into the property. The homeowners' neighborhood loses as property values decline, crime rates go up, and the tax base evaporates. And the lenders lose because the cost of foreclosure is extremely high and they must report foreclosures as non-performing assets. [more...]

Date: 2009-09-28 15:17:38

President Obama And Congressional Liberals Get An ‘F-’ On Economy

The bad economic news keeps rolling in this weekend as we learn a generation of young people may have permanent scars as a result of the failed liberal stimulus bill and its moronic reliance on government jobs programs to lift this nation out of the Great Recession: The unemployment rate for young Americans has exploded to 52.2 percent — a post-World War II high, according to the Labor Dept. [more...]

Date: 2009-09-27 15:27:01

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 Problem Of Medical Homelessness

Please allow me to coin a new term: Medical Homelessness – Not having access to a consistent familiar medical setting.  Not having a care location where one is known or where the medical information is accurate. credit I think medical homelessness is one of the main problems in our system. Given the nature of care in the US, most patients are required to be their own homes.  They serve as the conduit where medical information from one provider goes to another. [more...]

Date: 2009-09-29 20:00:50

M's Racing: Kyle Busch Fall New Hampshire Advance

For Every Problem There is an Opportunity     HUNTERSVILLE, N.C. (Sept. 16, 2009) – In the face of bitter disappointment, one might be able to take comfort in the old saying, “For every problem there is an opportunity.”   Kyle Busch, driver of the No. 18 M&M’s Toyota Camry for Joe Gibbs Racing (JGR), is certainly disappointed since he now faces the next 10-race stretch of the NASCAR Sprint Cup Series schedule without being part of the 12-driver Chase for the Championship. [more...]

Date: 2009-09-29 01:32:17

Obtaining Bad Credit Home Loans

Obtaining Bad Credit Home Loans by Tony KidFinding bad credit home loans isn’t as hard as it once was. With a new administration in place, there are even more possibilities than before. They can get you approved, and make it affordable unlike in times past where only the people with good credit could get approved. Owning your own home is one of the biggest parts of the American dream.For many years, citizens of the U. S. have been chasing the American Dream. [more...]

Date: 2009-09-26 13:12:48

Five Years!

September 1st was my five year blogiversary. This silly littlle blog has been here five years. Of course, it seems like much longer, sometimes it feels like I've been doing it forever. That's probably because I put my first web page up on the internet way back in 2002 and it eventually evolved into the blog in 2004. But since that first page went up, there have been millions of visitors here at lindasog.com. So many of you found me somehow, and you keep coming back. [more...]

Date: 2009-09-27 13:00:28

Danish Mortgage System Rediscovered

Tyler Cowen has written a very positive review of Robert Pozen’s book about our financial crisis, Too Big To Save? How To Fix The U.S. Financial System. He seem to especially like the Danish Mortgage system. Key quotes….. The Danish model has another critical and innovative feature. Holders can retire their own mortgages by purchasing the same face amount of mortgage bonds at the prevailing market price. [more...]

Date: 2009-09-27 16:14:27

No surprise here; FBI and likely other federal agencies abuse the use of National Security Letters. Support the JUSTICE Act unless the Republicans can do better.

I have been railing against the Patriot Act (which is anything but) since its passage and I physically protested same back when AG Ashcroft visited Salt Lake City in circa 2003. Numerous provisions of that Act signed into law by the SOB (Son Of a Bush) were and remain egregious. The Patriot Act assailed our rights on so many fronts, not the least of which was broadening the use of National Security Letters (NSL). [more...]

Date: 2009-09-28 19:56:34

How to Replace Bad Financial Habits With Good Ones

This is a guest post from Leo Babauta of Zen Habits. His first book, The Power of Less, was recently published by Hyperion ... full of things we don’t need, bills we can’t pay, and low balances in our checking and savings accounts ... situation? Some ideas: Impulse spending. Overuse of credit cards or other debt. Spending without tracking [more...]

Date: 2009-01-14 13:00:09

Finding Bad Credit Home Loans

Sep 26th, 2009by Tony Kid. by Tony KidObtaining bad credit home loans is just not as hard as back in times past. There are loads of new programs available to help people with less than stellar credit. You have many options if you fall into the bad credit category today, and help is there if you look for it. You may not think you can get approved for a loan, but if you’ll seek it out, you may find that you’re perfect for the programs that have been put in place today.For many years, citizens of the U. [more...]

Date: 2009-09-26 13:14:42

The Failing TARP

The more one reads about basic problems in the handling of $700 billion in emergency economic stabilization funds--and the Treasury's stonewalling ... to enrich the people who work for it. Realistically, there is only so much that can be done to fix ... credit-default swaps. . . . Until very recently, companies haven’t had to provide even cursory [more...]

Date: 2009-01-06 13:44:56

At what point do we become over-stimulated?

Okay. So first we have a $700 billion bailout for the financial sector, then we have the auto-industry bailout, now the House has approved another " ... the problem. Every politician wants to be able to take credit for bringing us out of this recession ... that something will work. Maybe we need to step back and let bad companies fail. I know it sounds [more...]

Date: 2009-01-17 11:07:00

Bernanke Casts Doubt on Stimulus, Says Fed May Buy Toxic Assets to Loosen Credit

Warning that the timing of an economic recovery is “highly uncertain,” Federal Reserve Chairman Ben S. Bernanke said yesterday (Tuesday) ... about the continuing chokehold banks have put on credit to companies and households than he is about offering ... of the economy where liquidity has dried up for “credit easing”, reported the Guardian. “Credit sprea [more...]

Date: 2009-01-14 14:57:59

New Year?s Resolutions for the Credit Crisis

“Finish each day and be done with it,” said Ralph Waldo Emerson. “You have done what you could. Some blunders and absurdities have crept in ... institutions on mergers and acquisitions. The credit crisis exposed a major fault in short-term– ... when they couldn’t get any more credit lines. In November, banks afraid of a repeat performance of those [more...]

Date: 2008-12-31 10:02:00

Blocking, Tackling & Running: Leveraging a Crisis Into Real Change

There's a fairly well known cartoon of two scientists working out a problem on a chalkboard covered with complex equations and down in the circle is a little circle with the key step inserted in small print - "and then a miracle occurs". Wouldn't it be nice if we could take the same short-cut to fixing the horrendous shopping list of significant [more...]

Date: 2009-01-16 20:07:11

Media Matters: Conservative media peddle a raw deal

The conservative punditocracy that has spent the past eight years propping up a president who gave us an illegitimate war and leaves us with an almost unimaginably bad economic crisis apparently grows weary of defending this spectacular failure of a president. And so they have begun to shift their efforts to an easier task: trying to turn [more...]

Date: 2009-01-10 00:09:02

With no one in charge, Illinois grinds to halt

Illinois is facing a deficit of several billion dollars, is behind on payments to healthcare providers, has understaffed agencies, ... say. “He was a bad governor before the arrest, but now we have no governor,” says Dick Simpson ... is watching to see what Blagojevich does and how the impeachment plays out, but no one is tackling [more...]

Date: 2008-12-31 18:42:26

Simplify Your Life With A Credit Repair

Having poor credit can be as stressful as a debilitating disease, because we need credit in the way the world works today. Credit repair can make your life stress free, if you've had financial and credit problems. Creditors know you're having problems, by the way you use your credit. They use your credit score to see how many times you've applied for new credit, to see how you pay your existing credit, etc. If credit is being denied, it can make your life quite difficult. [more...]

Date: 2009-09-26 12:46:14

Simplify Your Life With A Credit Repair

by Dina Salinas Having bad credit can be a nightmare for most, because we live in a world that is fast-paced, costly, and always requires credit. It goes without saying, credit repair can make your life simpler if you’ve had some problems with your credit. The manner in which you use the available credit at your disposal is plain for creditors to see when they check your credit score. [more...]

Date: 2009-09-27 18:20:07

Cell Phones For People With Bad Credit

by Chuck Stone Are you looking for cell phones for bad credit? Well the good thing is that you will not have to look very far. That is correct even if you have not so good credit; you will still be able to get a cell phone. This article is going to reveal how anyone can have a mobile phone; even if your credit is not so “hot.” Everyone seems to be searching for the latest phones; however they do not want to sign a contract; well you just found the answer. [more...]

Date: 2009-09-26 17:58:21

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