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 (261) | 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

Need a Loan Modification? Here are Six Ways You Might Qualify

by Joshua W. Davidson Let’s face the facts, the San Diego area mortgage market and home market has had some wild declines over the past eighteen months to a few years, depending on the location. Along with other adjustment to borrowing rules, it is almost absurd for nearly all fighting to survive real estate owners to refinance their home loans into realistic specifications. Fortunately, worried homeowners still have a chance at getting their loan changed by their existing lender. [more...]

Date: 2009-09-29 19:23:47

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

Economic Outrage du Jour

Quite a few right-wing bloggers, including Glenn Reynolds, the Instapundit, got themselves snookered by a recent, lazily corrected article in The New York Post , written by Richard Wilner. Ampersand at Alas, a Blog provided the fact-checking application. Among other mistakes in Wilner’s Obama-slamming piece was this bit in the lede published on September 27: 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: 2009-09-30 03:18:05

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

Why Financing the RV Purchase Is Sensible

by Stephen Daniels Cash is king, and so, notably in these times, conserving money for emergencies and extra unanticipated expenses makes good judgment. Paying cash for the possession of an RV depletes currency that may well be desired later on. That is why financing the possession of an RV is the way to go, above all in these days of low interest rates. Using cash to get an RV turns that cash into an “illiquid investment,” not speedily on hand if and when the cash is needed. [more...]

Date: 2009-09-30 05:44:49

Bad Credit Used Car Loan Financing Tips

If we have prior credit problems on your jot down and need to squeeze a car, we might need to request for what is called a bad credit used automobile loan. A bad credit used automobile loan will concede we to squeeze a vehicle, though we will customarily be approaching to compensate it off in a shorter time support and during a aloft rate of interest.Today many normal automobile lenders have been charity lengthened remuneration terms; a little concede we up to 7 years to compensate off a vehicle. [more...]

Date: 2009-09-29 22:03:51

Guaranteed Loans For Bad Credit Are A Must For Your Cosmetic Surgery

by Riz Goodman Men and women equally are going for cosmetic surgery to change their looks and also to correct any abnormalities in their appearance. The motive behind all this is not very hard to fathom as in today’s world the main emphasis is always on the looks as opposed to the work and the ethics. A qualified board certified plastic surgeon is a must for the good cosmetic surgery to be done. That will happen only when you are ready to pay a big amount to the surgeon. [more...]

Date: 2009-09-29 19:30:27

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

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

Buy Here Pay Here Car Lots on Bad Credit

by John Knight Buy here pay here car lots, do not worry about bad credit. We all know how difficult it is to get auto financing if you have bad credit. For that matter, anyone can take just about any kind of financing. There is an estimated 100 million plus of Americans having bad credit. That makes a third of the populace of the United States of America, or over a half of the people considered to be in the car-buying age group. At least you will not feel alone. The economy is really bad. [more...]

Date: 2009-09-29 19:12:01

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

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

Bad Credit Unsecured Personal Loans – Credit Score Repair Helps

Bad credit unsecured personal loans can greatly assist you in making ends meet financially. The one thing that most borrowers worry about when it comes to personal loans is the interest rate. To lower your interest rate credit score repair greatly helps. It is very surprising how many borrowers attempt to get a personal loan without even knowing their credit score. To increase your credit score the first thing you need to do is to actually find out what your credit score is. By not knowing [more...]

Date: 2009-09-29 22:33:44

Time for a Weekend

We don’t try to be a news site - it’s too much work to keep up with everything that happens on an hour-to-hour basis - and generally we try to ... , but we knew that already, and there were no major controversies or scandals since the auto bailout ... and that it is splitting itself into two banks, a “good bank” and a “bad bank” - but unfortunately it [more...]

Date: 2009-01-17 03:26:07

Best Mortgage Refinancing Rates

When a homeowner refinances, they always want the best mortgage refinance rates possible. Getting the absolute lowest rates will save a homeowner a lot of money. Here is some help for homeowners who want the best mortgage refinancing rates available. See If You Qualify…….! Know The Current Average Mortgage Rates Newspapers, television programs, and the internet have daily reports on what the average interest rates are for a mortgage refinance . [more...]

Date: 2009-09-30 05:44:48

Best Mortgage Refinancing Rates

When a homeowner refinances, they always want the best mortgage refinance rates possible. Getting the absolute lowest rates will save a homeowner a lot of money. Here is some help for homeowners who want the best mortgage refinancing rates available. See If You Qualify…….! Know The Current Average Mortgage Rates Newspapers, television programs, and the internet have daily reports on what the average interest rates are for a mortgage refinance . [more...]

Date: 2009-09-30 05:34:57

Deals of the Day: Good Riddance to 2008

Today in Bailouts Everyone gets a car: General Motors sweetened customer incentives a day after the federal government committed $6 billion to ... stabilize auto-loan provider GMAC. WSJ Related: There were plenty of poorly handled bailouts ... , I don’t know.’” That is true of so many thing. Vanity Fair Mergers & Acquisitions Credit Suisse [more...]

Date: 2008-12-31 12:01:16

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

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

FHA chatter; News from MERS, Wells, Flagstar; Home price index not as bad as feared

  As my grandfather used to say, “If you find yourself in a hole, the first thing to do is stop digging.”* Apparently the folks at Sunwest Bank , out of Tustin, CA, felt the same way. Clients received a letter saying, “I regret to inform you that as of October 2, 2009, Sunwest Bank will be suspending its mortgage banking operations. [more...]

Date: 2009-09-29 19:04:07

16 months?

Jim Welsh of Welsh Money Management has been publishing his monthly investment letter, “The Financial Commentator”, since 1985 ... of 2007, and more credit losses for banks. In October, he noted that technical weakness in the U.S stock ... Most investors really don’t understand the credit creation process, and as a result, don’ [more...]

Date: 2009-01-05 20:05:11

Fed's Yellen supports "experimental approaches" to prevent deflation

Nearly everyone is hopping on the Keynesian bandwagon as the urge to try something, anything, to halt this economic slide is simply overpowering ... programs will be helpful in restoring credit flows,” Yellen said. “But many of the new approaches ... with vigorous Fed action to restore credit flows, an extended period of economic weakness is likely,” [more...]

Date: 2009-01-05 00:34:00

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

The End of Large-Bank Wholesale Lending - Time For the Mortgage Banker

The End of Large Bank Wholesale Lending - A Resurgence of Middle Market Mortgage Banking – Chase…a Leading Indicator This week Chase shut down ... t effectively manage its pipeline of locked and in-process loans. Of note, Credit Suisse recently shut down ... because NMN is subscription - sorry: “As the refinancing boom gathers steam selected residential [more...]

Date: 2009-01-16 18:23:12

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

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

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

Lending Woes: A Deeper Consumer Analysis

This may seem like an odd analogy, but I remember this story about my Mom when she was having her 7th baby ... for the Subprime Crisis.   Subprime loans did not come into being in late 2003.  2003 is the year more people ... You can’t get a good loan, but we can find you a BAD loan, if that’s what you want.”  Most people said [more...]

Date: 2008-12-29 21:19:46

Debt Validation And Collection Agencies

Under the FDCPA or the Fair Debt Collections Practices Act , you have the right to “debt validation”. This is a demand from the collection agency and the original creditor that the debt is really your responsibility and that the balances, terms of the loan and any other pertinent information is correct and accurate. A collection agency must also provide proof that they have the legal right to attempt to collect the debt. [more...]

Date: 2009-09-29 23:06:03

WSJ: "Housing Push for Hispanics Spawns Wave of Foreclosures"

From the Wall Street Journal:"Housing Push for Hispanics Spawns Wave of Foreclosures"By SUSAN SCHMIDT and MAURICE TAMMANCalifornia Rep ... with loans that often didn't require down payments, solid credit ratings or documentation of employment ... all congressional districts in percentage of home loans not tailored for prime borrowers. The caucus [more...]

Date: 2009-01-05 04:10:00

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

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

Is Personal Information Property?

Note: This article originally appeared on the Security Catalyst Blog A colleague recently asked me, “When did my personal information become someone’s property?” It’s a question with a vital answer, because if my personal information belongs to someone else, then they can do whatever they want with it [more...]

Date: 2009-01-17 19:59:52

Another Quasi-Nationalization, House Debuts Obama Stimulus, Russian Resource War Approaches, Prices Fall and More!

by Addison Wiggin & Ian Mathias Congress unleashes remainder of TARP… another $350 billion into the void Treasury wastes no time… Bank of America quasi-nationalized Dan Denning on the real issue plaguing American financials Obama’s fiscal tenure off to terrific start… $825 billion stimulus bill, [more...]

Date: 2009-01-16 20:25:19

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

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