Barack Obama’s role in the subprime lending mess

This Stanley Kurtz piece is something that will get little to no traction in the pro-Obama mainstream press, but it’s well-worth the read ... into a sinkhole of bad loans. And Obama has spent years training and funding the organizers ... Fannie Mae and Freddie Mac began buying up their bad loans and offering them for sale on world markets [more...]

Date: 2008-09-29 13:15:32

Blog posts (500) | Videos (317)
 

Online Payday Loan

Many of us are suffering financially, especially of today's economic crisis and sometimes we run out of budget and don't have enough cash until ... if your are qualified for payday loan because of your credit history? Don't worry about your bad or good credit ... information. You will really amazed at how quickly your payday loan application will be [more...]

Date: 2008-07-22 17:25:13

Q&A with the Banker Panel at the National Auctioneers Association

Here are my notes from yesterday’s Mortgage Industry Panel from the National Auctioneers Association’s Convention in Denver ... National Bank; Residential Mortgage Lending Ken West VP Commercial Lending Mountain Plains Farm Credit ... loan right now. A: (Wes) Underwriting guidelines will continue to get tighter. We have a few [more...]

Date: 2008-12-02 08:00:57

Does Short Term Financial Fix Can Really Solve Financial Problems?

Most people would do anything to solve financial problems, as financial problems almost always come along with relationship problems ... as a solution by family facing financial hardships. Come in the form of payday loans and cash advances ... are installment loans - a certain amount of loan should be paid back at the definite due date until [more...]

Date: 2008-09-22 09:27:15

What Is My Credit Score and How Is My FICO Calculated?

If you’re like most people out there, there’s inevitably going to come some point in your life when you’ll need to apply for credit and seek out ... prospects like mortgage loans either - even routine applications for things like credit cards, checking accounts, auto loans, and even new jobs are undergoing greater credit worthiness scrutiny. Both [more...]

Date: 2008-07-08 03:19:44

Fast Loans.

In need of fast and instant cash to buy the latest gadget you’ve been wishing to have or there’s an urgent obligation to pay but don’t have the hot ... to start with. They have a special financing program that is equipped to work with those who have bad ... cash to finance it? Personal Loan Market has a solution. Personal Loans are offered to customers [more...]

Date: 2008-09-19 00:24:23

Where will the money come from?

Via Iain Dale, it seems that the wheels really are looking slightly loose economy-wise, as the government's borrowing requirement soars. Public sector borrowing rose by more than expected in June, official figures have shown, suggesting the economic slowdown is hitting government coffers. Public sector net borrowing (PSNB) was £9 [more...]

Date: 2008-07-19 17:30:21

Race based social engineering led to current economic crisis

Race based social engineering led to current economic crisis Diana West is one of the few with the guts to say it: ... for minorities. To implement this policy, banks had to overlook traditional markers of good and bad risk--credit histories, employment, down payments, etc.--thus opening up the housing market to loan [more...]

Date: 2008-10-06 07:25:01

Badcreditloanshop.com

.fullpost{display:inline;} Running a small business seems to be the best way to make a better living. But running a business needs a lot of money ... in the Internet that help people looking for loans for their small business, home, autos, bad credits ... will help solving your problems. Besides that they also offer information on bad credits home equity l [more...]

Date: 2008-11-16 01:10:00

How Banks Decide Who Gets Credit

Now that I've worked my notice with HBOS I can talk a little bit more about my time there ... through everything and try to explain to the customer why they'd been refused credit - it'd ... as financial advise.When you apply for credit, there's two main factors. First is your "credit score [more...]

Date: 2009-01-05 18:30:00

Forecast for 2009

Introduction       There are two realities "out there" now competing for verification among those who think about national affairs and make things happen. The dominant one (let's call it the Status Quo) is that our problems of finance and economy will self-correct and allow the project of a "consumer" economy to resume in "growth" mode [more...]

Date: 2008-12-29 03:33:57

Carnival of Debt Reduction #151

Welcome to this week’s Carnival of Debt Reduction!  Since this is Carnival #151 here’s a debt reduction example based on a credit card payment of ... your debt snowball.  This list is a good way to ease into saving money and spending less. No Credit ... rate might give the biggest return on investment of all!) Credit Withdrawal talks about getting [more...]

Date: 2008-08-04 08:35:02

House Price Searches Soar as Prices Plummet

With the market tailspin continuing, we are seeing some interesting changes in consumer search behavior that point to opportunities for marketers ... . Bad Time for Borrowers At the same time, we have seen an increase in searches related to credit cards and loans. For example, share of US Internet searches for "credit cards" are up 107% in the past [more...]

Date: 2008-09-30 14:30:04

I know I did this meme last year, so twice makes a tradition, right?

I have some posts of actual substance planned for...sometime in the future, when I'm feeling more inspired. But till then, I give you the New Year's meme (latest seen at Dr. Crazy's): 1. What did you do in 2008 that you’d never done before Had surgery, started law school, crossed the Rocky Mountains. 2 [more...]

Date: 2008-12-30 20:54:55

PFBlogger Spotlight: Green Panda Treehouse

What color is US currency? It’s green. What’s one of the most content creatures on the planet? Well, one of them is a panda ... of it. I got a credit card in college and like many of my friends, I charged on it like crazy ... some of my friends (who would return the favor and use their credit card next time). I also thought [more...]

Date: 2008-08-07 16:28:03

The credit crunch (by Russell Roberts)

Alex (and others) have been debating whether there's a credit crunch. They are using data and anecdotes to measure whether credit is flowing or not ... not "frozen" or "locked up." It's just a lot smaller. Another way to say it. If you have good credit, I think you can get a car loan. But a lot fewer people (with both good and bad credit) want to buy [more...]

Date: 2008-11-14 20:00:14

Gates of Vienna News Feed 10/1/2008

USACalif. Lawmakers Get Free GasolineIMF Adds to Pressure on Congress to Approve Bail-OutNorth Carolina Man Pleads Guilty and is Sentenced for Federal Hate CrimesObama’s Assault on the First AmendmentObama and SlaverySchwarzenegger: Communism Still Bad IdeaThe Greenlining Institute: Does the Financial Crisis Have Its Origins in Berkeley [more...]

Date: 2008-10-02 00:29:00

An interview with Alan Greenspan

After repeated requests, at great personal expense, and after a series of logistical obstacles ... many individuals interpreted your comments as a sign of approval for those kinds of risky loans [more...]

Date: 2008-09-30 17:05:00

Germany guarantees all personal bank deposits

As the $700-billion U.S. financial system bailout gets underway, Europe still is struggling to contain its own banking turmoil ... bad loans and crumbling banks, German Chancellor Angela Merkel on Sunday said the government would guarantee all personal bank deposits -- a bid to prevent a meltdown of consumer confidence. "We want [more...]

Date: 2008-10-05 22:59:50

Finance Fiesta #7: Mamma Mia Edition

Welcome one and all to the 7th Edition of the Finance Fiesta!  This is the first carnival I have ever hosted, so hope it’s a good one for you ... she knows best.  I give these posts the thumbs up as the best of the week. Mr. Credit Card from Ask Mr Credit Card answers a question from a reader “A Collections Company Sold my Debt After it was paid [more...]

Date: 2008-07-17 13:00:20

Where’s My Bailout Money?

The supposed $700 billion bailout is the single largest rip-off scheme in the history of America ... foreign financial institutions while Democrats want to help homeowners and credit card companies ... are at least one month behind on their loans, while half a million homeowners are engaged [more...]

Date: 2008-09-22 21:14:57

No Fax Payday Loans-But Are They Hard To Get?

by Jacob Williams Frequently there is a circumstance in which you will run into an unanticipated expense ... , and employer. Some companies do not even require a credit check. This means even if you have bad ... in order that you get the best possible deal. Payday loans are not all the same. Some of them come [more...]

Date: 2009-01-16 17:49:40

What Are No Teletrack Payday Loans?

by Chris Novaczek When you apply for a payday loan, one thing you may not realize is that your information may be analyzed by Teletrack ... a loan. It may be more difficult to get a payday loan with bad credit, but it is certainly possible ... . The specifics of this process are not entirely clear however. Some payday loan applicants who desire [more...]

Date: 2009-01-14 12:46:36

Leveraging Upside Down

Listening today to some economists trying to make their way through the garbage that our economy has become, ... . That is what you aren’t hearing about. The toxic loans aren’t just mortgages, not just bad credit ... I was brought up short by that old familiar term, “leverage”. The term applies to use of loans [more...]

Date: 2008-11-01 16:57:17

Satyam: The End Game

Satyam's case: Now that we know Raju has defrauded the shareholders, on his own admission, it's time to face facts ... buy its bad assets (replace the non-existent cash, for instance) and take over the loans it was never ... electricity bills, rent etc., so it won't even be that much. But this is a bad job market, and 53,000 [more...]

Date: 2009-01-07 08:06:01

Pocket Profile: The Finance Buff

This week we spoke with The Finance Buff. His blog was named the Best Finance Blog for People Ready to Save or Invest by the CEO of Wesabe ... percentile! Credit Card Debt: None. Top percentile! What are your two favorite financial products? Why ... : Greater than 90% of Americans. Rent/mortgage: 34% of Americans pay more in rent. Credit Score: Don’ [more...]

Date: 2009-01-15 17:07:27

Obama’s Speech On The Economic Crisis

I’ll post McCain’s when he makes one available at his website. Transcript after the jump… Remarks of Senator Barack Obama Confronting an Economic Crisis As Prepared For Delivery Tuesday, September 16th, 2008 Golden, Colorado Over the last few days, we have seen clearly what’s at stake in this election [more...]

Date: 2008-09-16 22:00:42

Speeches, speeches... including Barack Obama's

(NOTE: The live blog of the events at Invesco, along with photos, video, and my personal thoughts are here. ) And the pull quote, a very public one that he could have easily left out because of the red meat the Republican Sexual Hypocrites love to chew on:I know there are differences on same-sex marriage, [more...]

Date: 2008-08-29 00:59:12

Personal Finance 101: Credit Reports, Credit Scores, and Hard and Soft Pulls

pf101 Over the last few days, I’ve received a ton of questions about so-called “hard pulls” and “soft pulls” on your credit report and how they affect your credit score. In order to get the full scoop, I did some extensive research on the subject, and here’s the best information I can find. Let’s start off with the basics. What’s a credit [more...]

Date: 2008-07-23 20:00:38

paying tuition to life

Have you ever loaned money to a friend or family member? Did you really loan it or was it borrow? ... student he ran up credit cards, drove a a fancy car, and took out student loans, etc.  He was a ROTC ... my parents weren’t helping me, but had preached no consumer debt. Plus I had student loans. Anyway [more...]

Date: 2008-10-21 13:00:30

The Frog and Scorpion (Millenium Edition)

Rod Blagojevich tried to sell the Illinois Senate seat, recently vacated by President-Elect Obama.  Blago is to public service what Bernard Madoff is to investment advisory; a modern day pirate, raping and plundering.  Their sociopathic behavior is exacerbated by their belief that position implies entitlement [more...]

Date: 2008-12-23 16:59:08

The Democrat Honeymoon Over Before It Even Starts?

The Obama, marketed as the man who would ‘change’ politics, America and the world has stumbled out of the starting blocks ... policies which brought down our economy, crushed by a sea of bad loans to people who were not capable of owning a home. A sea of bad loans a lot of rich democrats made their personal fortunes [more...]

Date: 2008-11-23 14:51:17

Don’t learn all the wrong lessons about creative mortgages

This is my column for last week from the Arizona Republic (permanent link) ... if their loans were properly secured by good credit, steady income and valuable assets ... market is in a state of incipient recovery. Will there be more bad news? Certainly. There are still [more...]

Date: 2008-07-15 17:51:06

Don’t learn all the wrong lessons about creative mortgages

This is my column for last week from the Arizona Republic (permanent link) ... if their loans were properly secured by good credit, steady income and valuable assets ... market is in a state of incipient recovery. Will there be more bad news? Certainly. There are still [more...]

Date: 2008-07-15 17:48:22

BusinessWeek Pronounces Auto Industry 'Needs' Bailout, Says Republicans Tell Industry to 'Drop Dead'

Well, I guess that settles it. We don't need any political discussion or economist's studies. The auto industry officially needs a bailout ... just doesn't want to fund the bad business practices and union malfeasance that has put Detroit ... . No Republican wants to see America's car manufacturers to go bankrupt. So, right off [more...]

Date: 2008-11-15 10:21:05

The California Budget Sequel

Have you felt something missing in your life? Tired of reading the news and not seeing competing screeds about the state budget, ... , because the California budget crisis is back, and with an all-new "the state can't secure short-term loans ... for dealing with the state's worsening financial picture. The state relies heavily on personal income [more...]

Date: 2008-10-07 02:15:00

The Path to Mediocrity: Doing What Works For You and Other Self-Limiting Philosophies

General advice for an imaginary average person Personal finance advice comes in many forms, ... qualifications of a larger group. Take, for example, the case of the best way to pay off credit ... there are exceptions, this method of debt repayment calls for credit card debt always being paid off by focusing [more...]

Date: 2008-08-20 12:30:00

Finance - Books on Personal Loans

by Jorg Maurer Personal loans and all the terminology that goes with it can make your head spin after awhile ... issues including fixing up homes, then this book will give you calibre information in both areas. “ ... you information on how to pay off debt, including credit cards and personal loans. “Live Debt Free” (3rd Edition [more...]

Date: 2009-01-16 11:31:03

How To Become A Millionaire and Get Rich In 10 Steps

So you want to be a millionaire? Well you know what? Me too - and I’m determined to get there in the near future ... of the credit markets, instead of just sitting on my hands and wishing upon a star, I’m taking active ... financing. Instead, they embraced its responsible use, viewing credit cards and balance transfer offers [more...]

Date: 2008-10-13 08:13:02

What To Look Out For When Shopping For Lenders On-Line

The lending industry will often resort to offering great benefits on some of their products ... conditions. They do exist. Quick Online Bad Credit Mortgage Approvals Now, do not rush. They are giving ... . Now, with bad credit, can they just approve your mortgage without digging into your financial records, job [more...]

Date: 2008-12-28 14:55:57

The 401k Debit Card: Is This a Good Idea?

Miranda Marquit edits information on debt consolidation for DestroyDebt.com. She also writes on personal finances for YieldingWealth.com ... secured credit card."  Unfortunately, it is yet another ... -penalty withdrawal it is fairly obvious what is going on here: You are actually getting a loan against [more...]

Date: 2008-08-06 15:30:18

The Economy Blame Game

“We are all to blame.” I read that once, then read it again ... . And there are excellent reasons not to. I didn’t encourage lending institutions to make bad loans ... a multitude of ethically bad choices by individuals or whether structural causes were at work. Was it greed [more...]

Date: 2008-11-06 05:00:38

Help Me

This is an opportunity to every individual who does not have capital to start with a business ... you have decided for a vacation. Usually business financing nowadays is not easy to avail due to rampant bad credit problem but this company is readily open arms for financing your business and no assets [more...]

Date: 2008-12-06 01:15:46

Gates of Vienna News Feed 11/13/2008

My favorite story tonight is the one about the Bedouin tribe in north Israel who claim Barack Hussein Obama as a long-lost member.Should be an interesting family reunion…Thanks to Abu Elvis, C. Cantoni, Diana West, Insubria, JD, Kahane loyalist, TB, and all the other tipsters who sent these in. Headlines and articles are below the fold [more...]

Date: 2008-11-14 04:59:00

Wall Street bailout plan to include more than bad mortgage debt: Feds to absorb unpaid bar bets, inadvertently laundered postage stamps, unredeemed soda cans and insufficient tooth-fairy disbursements

Totally absurd? Think twice: In the dark of night over the weekend when most people were snoozing, the Treasury dramatically expanded its bailout plan to include buying student loans, car loans, credit card debt and any other “troubled” assets held by banks. The changes, which were included [more...]

Date: 2008-09-23 06:05:06

Private Savings is the Federal Deficit

Jesse has a very nice post explaining the different kinds of money, and I recommend people read it. However, (s)he ends on an error, which I was prey to until recently also.Are credit cards or loans Money ... with conditions. You are receiving money that was not yours. Credit Is Not Money. Credit, or debt [more...]

Date: 2009-01-05 04:07:11

Mortgage Market Week in Review

I’ve got to tell you, I’d love to be able to write one of my Friday updates and tell you about some good news or tell you, “You know, ... side (the stock markets) and the debt side (bonds, loans, mortgages, Fed Funds, and all other types ...  to the government and paying over 12% interest on the money. AIG is basically paying credit card rates [more...]

Date: 2008-09-19 20:26:22

Shock & Awe! - NOI Gets Bombed

Noah and I have been talking ad nauseam about the imminent threats to the New York City land market, ... of the tentacles of the credit debacle going back quite a stretch. We opined over and over that job losses ... of the bad news, but sprinkled in with the positive sound bites are some honest comments [more...]

Date: 2009-01-09 00:25:02

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

Video-Rama: Will Markets Bail You Out in ‘09? (December 27, 2008)

Despite a litany of bleak economic and corporate news confronting investors during the past week, ... that liquidity was still being hoarded. (Also see my “Credit Crisis Watch“.) 13-dec-v1.jpg Source ... to the US Senate’s failure to agree on a $14 billion loan to the troubled automakers. The prospect [more...]

Date: 2008-12-27 14:29:25

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