AEI Subprime IV.3: Roubini Presentation

Here is Housing Doom’s third installment of our unauthorized annotated transcript of the American Enterprise Institute’s September 30, 2008 seminar " ... in terms of output contraction are not going to be as bad as the Great Depression because ... there much more generalized asset bubble and credit bubble in the economy. It was subprime, it was near [more...]

Date: 2008-11-17 07:01:46

Blog posts (159) | Videos (145)
 

Three Ways to Know When the Credit Crisis Hits Bottom

There is a growing body of data that suggests banks have recognized only a fraction of the overall potential losses - approximately $50 billion to ... t include the additional losses from secondary-prime mortgage loans, auto loans, credit card balances, student loans and the other credit-related flotsam and jetsam floating around in the debt markets [more...]

Date: 2008-12-08 13:42:23

The Poverty Business

Sorry if this appears to be an older article, and not latest headlines, just thought it was interesting - loki The Poverty Business Inside U.S ... into Byrider, Tsosie drove off, jubilant, in a 1999 Saturn subcompact she bought entirely on credit ... access to credit has put cars, computers, credit cards, and even homes within reach for many [more...]

Date: 2009-01-15 00:45:24

Bail Me, Stimulate Me

In a week that signaled much worse is coming, perhaps the more dismal indication on the financial front was that Democrats finally had a chance to ... the kind of behavior that got us here: more bad loans to the wrong people won't en our crisis; they make ... . If that sounds bad, it shouldn't; this week's debate on TARP had essentially the same contours [more...]

Date: 2009-01-16 20:24:10

A HUGE Currency Rally!

Gaza bombing has dollar on the run…  More proof we’re turning Japanese…  Adding to the debt burden…  What will deflation do for the dollar? ... they’re just going to get worse, and that spells bad times for the dollar… Eventually… I did a lot ... to dig the economy out of recession, said Akio Mikuni, president of credit ratings agency Mikuni &amp [more...]

Date: 2008-12-29 15:45:39

Guest Post: Obstacles or Excuses for Inaction?

Editor's Note: Last week, Treasury Secretary Henry Paulson said that he planned to expand the $700 billion bailout plan to aid private student loan ... of these loans and the current state of the economy. So why are student loan providers so unwilling ... graduate living in the Bronx, called our Student Loan Borrower Assistance phone line the other day [more...]

Date: 2008-11-18 16:20:09

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

Better Deals On Loans

Author : Melissa Kellett Whatever loan you may be looking for, there are some do's and dont's regarding the deal you close Secured or unsecured? Good or bad credit? Mortgage or personal? There is always an adequate loan for each situation, for each need and each taste Look into this concise but exact article that may enlighten you towards a good deal on a loan and a better ending at the end of the payment term Secured Or Unsecured? [more...]

Date: 2009-09-26 07:31:07

No Fee Balance Transfer Offers Rise Again

Research has showed that credit card providers are waiving balance transfer fees but charging higher interest rates . According to financial website MoneyExpert.com , the number of credit card providers that are offering credit card holders the chance to transfer outstanding debt from another card without having to pay a fee to do so has risen by nearly 20pc to 69 during the past year. [more...]

Date: 2009-09-29 15:20:06

Easy No Credit Check Loans

by Justin Finn No credit check loans are easier than one may think to obtain. For those of you with bad credit this may be the only type of loan that you will be able to get. You can get no credit check loans and rebuild your credit at the same time by paying it one time, every time. With these types of loans, bad credit does not affect your chances of getting the loan, nor does it hurt your credit rating as most of the time they are not reported to the credit agencies. [more...]

Date: 2009-09-29 17:16:25

For the Class of 2009, job prospects appear grim. As an employment alternative, which is better: heading straight onto grad school, ... , may be better solutions.The Case for and against Grad SchoolIn any economy, both good and bad ... school also will allow you to defer loans, and may offer more affordable health insurance options than [more...]

Date: 2009-01-09 18:10:43

How Could You NOT Talk About It?

Everywhere in the blogosphere you’ll see people writing about finances and couples. The advice is the same, to be honest, etc. Here’s the thing ... on some of my ideas for fixing stuff. Usually he’s got an idea of what stuff costs and his own ideas about what he’ ... about my credit card debt about 8 years ago. Even then, that boyfriend wheedled it out [more...]

Date: 2008-11-18 14:33:33

No Credit Check Loans

by Justin Finn No credit check loans are easier than one may think to obtain. For those of you with bad credit this may be the only type of loan that you will be able to get. You can get no credit check loans and rebuild your credit at the same time by paying it one time, every time. With these types of loans, bad credit does not affect your chances of getting the loan, nor does it hurt your credit rating as most of the time they are not reported to the credit agencies. [more...]

Date: 2009-09-28 19:06:42

Five Things That a Generation X Financial Planner Did, That You Can Too

This is a guest post from Jeff Rose, an Illinois Certified Financial Planner(TM) and co-founder of Alliance Investment Planning Group ... student loan and credit card debt at ease.  Luckily, I stumbled into a career as a financial ... students graduate with a combination of student loan and credit card debt. Most of us are just kind [more...]

Date: 2009-01-14 15:45:19

Wall Street Breakfast: Must-Know News

New acronym on the block... The government unveiled its newest initiative, called TALF, or Term Asset-Backed Securities Loan Facility. The $200B facility will support consumer finance, including student, auto and credit card loans ... $20B of credit protection from TARP funds. This is the first time the Fed and Treasury have stepped [more...]

Date: 2008-11-26 12:14:47

Bernanke Acts While Paulson Dithers

Today, in yet another transformation of the ever-changing Troubled Assets Relief Program (TARP) ... to creditworthy consumers,” by extending relief to holders of “auto loans, student loans, credit card loans ... to a plan being implemented by the New York Fed that is aimed at easing the current credit crunch. The NY [more...]

Date: 2008-11-25 19:26:04

No Credit Car Loans.

September 28, 2009 | By Don Ray In Finance | by Don RayA few things for first time car buyers to remember to get approved for a car loan, if you have a no credit history there are a few ways to get around it, despite your bad credit there are lenders willing to help you get a loan, no credit, repossessions, there are still lenders willing to approve you.Apply for a Major Gas Or Credit CardMost finance companies are reluctant to approve a loan application if you have no credit history, [more...]

Date: 2009-09-28 22:00:26

The Hardest MeMe Ever!

This is a Meme that Jim over at Irregularly Periodic Ruminations tagged me for. I must say it is a daunting list of interview questions! I however am going to tackle this list of interview questions like Lawrence Taylor did Joe Theisman. Yes I am gonna break it's leg! Oh don't watch that video if you are squeamish [more...]

Date: 2009-01-09 08:00:00

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

Naughty and Nice

It's undeniably been a busy year for higher education with financial crises, continued student loan controversies, ... followers of the student loan market this year. When credit and asset-backed securities markets froze ... , Pennsylvania, and others are all looking to slash spending on higher education. Student Loan Panic [more...]

Date: 2008-12-18 22:20:06

Does Paulson Have Any Idea How to Spend Our $700 Billion?

Does anyone else get the funny feeling that we’re going to discover very soon that the $700 billion has been spent and no one is quite sure what it ... Express, now that it has been characterized as a bank, as well as into the credit card, auto loan and student loan industries. Of course there was that purchase of another stake in AIG [more...]

Date: 2008-11-13 21:43:44

Catching Up

So.  I should really go over what I have accomplished last year (and this year, to date) in my quest to become debt-free. I managed to totally clear up my credit card debt, and, to my surprise, when I sent for my free annual credit reports, and ordered my FICO scores, I found that it had improved, over the time [more...]

Date: 2009-01-16 05:41:49

Instahoglets for Jan 2, 2009

By BJ And so now I have to remember to start putting '09' down when I sign and date things, just after I finally got used to using '08' ... card companies for profit at their students expense. I refused to get a credit card while ... card companies, bad for the students, (at least those without parents capable and willing to bail [more...]

Date: 2009-01-02 19:22:51

How to Get Rich

The full title of this essay is: How to Get Rich: The Sorely Needed Logical and Structured Essay That Won’t Be Found Anywhere Else Today. I wrote this because I figured it was something that was needed, something that would be fresh, new, and take an innovative approach to the subject aside from the usual spiel of “don’t drink that Starbucks [more...]

Date: 2009-01-09 00:10:27

The “good-bank, bad-bank” routine

In the latest saga of Citigroup, the enterprise plans to split into a more traditional banking operation and an operation to handle its assorted non-banking business. The latter will also be assigned the mortgage loans, including the potentially toxic sub-prime loans and derivative investments. Although this decision appears [more...]

Date: 2009-01-16 17:37:03

Common Types of Guaranteed Loans

by Trinity Townsend When you hear the term guaranteed loan, most likely you think of a loan that is guaranteed to be issued ... . This type of loan works well for people who do have bad credit and are unable to get other types of loans ... , a guaranteed loan can mean different things. In truth, there are several types of guaranteed loans [more...]

Date: 2009-01-13 11:29:21

The Important Things To Know Before You Invest

by Rahn Naro It’s doubtful there is any investor who doesn’t hope to profit, ... only. Mortgage Taxes Loans and credit cards Day to day living expense Emergency fund (make certain to put this in place) Transportation expenses Leisure activities Student Loans Other commitments [more...]

Date: 2009-01-17 08:39:05

Is there Good Debt?

by Michael Geoffrey Some people think that all debt is bad. But that is not the case. There is some debt that is actually good ... . The overwhelming majority of credit card purchases are things that lose value. Another bad debt is borrowing ... with the potential for a greater return in the long run. The money you spend is gone. * Credit card debt [more...]

Date: 2009-01-17 09:19:02

The U.S. as a Banana Republic?

Plane Ditches in New York River, All Aboard are SafeReutersNEW YORK (Reuters) - A US Airways jet with 155 people on board ditched in the frigid Hudson River off Manhattan after apparently hitting a flock of geese on Thursday and officials said everyone was rescued."We've had a miracle on the Hudson," New York Gov [more...]

Date: 2009-01-16 15:10:00

Take Out A Personal Loan If You Need Fast Cash

by Trinity Davidson Fast cash personal loans can be one of the quickest ways to get your hands on some needed money ... and many types of loans for people with bad credit. Related Articles Get The Best Home Mortgage Loans The National Student Loan Database: How to Conduct Searches Guaranteed Payday Loans - The Facts Home [more...]

Date: 2009-01-16 08:44:17

Student Loan Consolidation May Be The Answer To Your Debt Burden

Student loan consolidation may be the answer to your heavy debt burden and the many issues that come with having to make several loan payments every month. Student loans just like the other forms of financial aid are a service that is subject ... dropping below half-time enrollment. With this, the loans remain delinquent for 270 days or become [more...]

Date: 2009-01-17 09:03:38

The Economic Downturn and Student Loans: Some Practical Advice for Borrowers

Today's post is from Alan Michael Collinge, author of The Student Loan Scam: The Most Oppressive Debt in U.S ... page for book Student loan companies will soon be lined up at the Federal Treasury, seeking loans ... wracked by student loans in ways worse, even, than defaulting home mortgage borrowers. As we progress [more...]

Date: 2009-01-11 01:14:50

Noah's 2009 Predictions

A: Lets keep the tradition going and I apologize in advance for the length of this, hopefully you can find 5 min to read it all. Here were last years predictions for 2008, published December 27th, 2007; if you haven't read it yet and are new to this blog, please try to read it before continuing so you can see where I was right, [more...]

Date: 2008-12-24 15:28:05

How To Find Cash Advance Loans Online

by Trinity Taggart If youre not going to be paid for a while and you have bills to pay, youre probably trying to figure out how to make ends meet ... , how to find an online loan, and about how to find student loans for people with bad credit. ... . Unexpected expenses can cripple almost anyones finances. Sometimes a quick cash loan makes sense [more...]

Date: 2009-01-16 04:57:36

What the hell is wrong with these people?

By BJ We are in the midst of one of the worst financial crisis’s in modern history in large part because of a house of cards built on the prospect ... the availability of auto loans, student loans and credit cards, according to people familiar with the matter ... to investors who want to buy securities backed by credit cards, auto loans and student loans, [more...]

Date: 2008-11-25 17:45:42

A Greater Depression?

The record drop in consumer spending in October is clear evidence of a profound weakening of the US economy.  Even President Bush think thinks the situation is bad. At the G20 summit over the weekend, he said it was conceivable that the US “could go into a depression greater than the Great Depression“ [more...]

Date: 2008-11-17 14:11:33

Using Good Debt to Pay for a House, Car, or Education

Hello again! Cate here, talking, as usual, about debt. The point of my series here at Queercents is to talk about the dangers of getting into debt ... that will produce concrete benefits to your life. The bad kind of credit card debt that I’ve talked about often ... benefit. I’ve had both kinds: Bad Debt: $5,000 credit card debt from living beyond my [more...]

Date: 2009-01-16 02:45:14

A Commonly Believed Myth: The Little Guy Just Can’t Get Ahead

things should feel fine between us, Creative Commons License photo credit: tarahm ... they live in a third world country and are truly poor for reasons beyond their control?  Yes.   Bad ... , the problem is they’re bad with managing money [more...]

Date: 2009-01-11 02:01:28

Gates of Vienna News Feed 11/25/2008

Events seem to be shaping up for a major confrontation between Israel and its various Muslim enemies. Hizbullah now has three times as many missiles in Lebanon as it did at the start of the war in 2006. Hamas is challenging Abu Mazen and continues to launch rocket attacks from Gaza [more...]

Date: 2008-11-26 04:50:00

Balancing Good Vs. Bad Debt In This Economy.

Every headline you read about personal finance right now says to get out of debt ... , we are talking about credit cards. This is the bad debt that you should be working on full time to try to get rid ... and no - you do want to get rid of any credit card debt, for sure. But what about your mortgage, car [more...]

Date: 2008-11-26 14:00:56

Get a College Student Car Loans at low rate of interest

Amazon.de Widgets There are two different avenues that you can take to get a car loan if you are a student. These two avenues depend upon whether or not you have absolutely no credit at all and have never had any credit, whatsoever or, if you have had credit and you have bad credit.Let’s first, take a look at the options that may be available to you if you have never had any credit at all. [more...]

Date: 2009-09-30 13:45:36

An argument for forgiving consumer debt.

An argument for forgiving consumer debt. Looks like Bank of America needs more money to save Merril Lynch ... student loans; maybe even allow people to refininance their home at its current value and forgive ... bad investments and loaning money to people who have no prospect of repaying the loan. I don’ [more...]

Date: 2009-01-15 18:04:55

How to Become Debt Free and Secure Your Financial Future

There is no greater threat to your financial future then having to deal with overwhelming debt ... cash on yourself. That’s the problem with borrowing money through the use of personal loans, car loans, and credit cards; once you start paying that interest its money that is now working [more...]

Date: 2009-01-17 06:24:15

Transcript: President-Elect Barack Obama News Conference | The Economy and Paul Volcker | November 26, 2008

(Source: CNN) (JOINED IN PROGRESS) BARACK OBAMA (D), PRESIDENT-ELECT: … It has been increasingly clear in recent months, and we saw some additional reports this morning, that we’re facing an economic crisis of historic proportions. And at this defining moment in our nation’s history, [more...]

Date: 2008-11-26 18:22:41

Guinevere will now have less money

When I was in 11th grade, my English teacher, who we'll call Mr ... of not needing to pay back student loans. This same job ... in college, and I credit (or blame, depending on how you look at it) Mr. Z for that. I've always [more...]

Date: 2009-01-14 08:16:36

Finding Personal Loans For Fast Cash

By Trinity Davidson If you find yourself needing money quickly, fast cash personal loans can be a smart way to go ... for you. This is also a good loan option for people with bad credit. The lending institution usually ... individuals about how to find a personal loan and about many types of student loans for people [more...]

Date: 2009-01-16 08:47:13

Best College Values For 2008-2009.

For those of you either starting to look at colleges or for those of you with kids starting to look, ... for a student with need after subtracting grants (but not loans) Average cost for a student without ... was along with the majority of other comments there, that she was making a bad decision. If you feel [more...]

Date: 2008-12-12 18:50:14

Finding Personal Loans For Fast Cash

by Trinity Davidson Getting a small loan is sometimes a necessity ... advance loans can often do the trick. With these loans, the lender doesn’t check your credit. This means ... more than $1,000, you may need to find a different type of loan. Some lenders offer car title loans [more...]

Date: 2009-01-16 08:51:36

Insider Q&A: O.C. bank president on his $5 million in TARP funds

Simmons Commerce National Bank in Newport Beach is the latest O.C. bank to get funds from the U.S. Treasury Department’s $700 billion for aiding financial institutions. The only other bank headquartered in Orange County to get TARP funding is the Saigon National Ban in Westminster, which received $1.5 million [more...]

Date: 2009-01-15 10:00:55

Notes on the crisis

I’m standin’ in the shadows with an aching heart I’m lookin’ at the world, tear itself apart — Bob Dylan, “Mississippi” Here Dylan has given us a brilliant summation of the condition of the simple citizen in the face of the economic crisis that exploded in our faces in mid-September, [more...]

Date: 2008-12-13 21:12:38

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