American Gold IRA Report: Fed bets $800 billion on consumers
Central bank and Treasury announce a massive plan to jumpstart lending. By Chris Isidore, CNNMoney ... to make $200 billion available for a range of consumer loans - including credit cards and car loans ... how much additional credit the program might make available to consumers in time to feed purchases [more...]
Date: 2008-11-25 17:26:54
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Financial stocks hit new lows despite U.S. cash infusions
If the government’s financial-system rescue plan was supposed to give investors comfort about holding stocks of banks, ... . But that obviously isn’t making shareholders feel better about the credit card giant’s prospects ... that Goldman will report its first quarterly loss since came public in 1999. Meanwhile, Newport Beach [more...]
Date: 2008-11-11 19:26:16
Paris Hilton’s Web Site Hacked And Infected
Poor Paris. She sure isn’t having a very good start to the new year ... to obtain login information to their online bank accounts. On Wednesday Garry Scott, a spokesman ... and credit card numbers.” photo: wenn.com Related Stories: Paris Gets Denied A New Pup Paris [more...]
Date: 2009-01-15 02:47:03
The Best Audience Ever
Farai Chideya Geoffrey Bennett, NPR You guys are the best audience ever ... in the bank; sometimes I've run myself into credit card debt when a check didn't come. In other [more...]
Date: 2009-01-16 21:15:36
Japanese stocks gain on optimistic view of US economy
Japanese stocks gain on optimistic view of US economy Japan stocks continued to gain Tuesday morning as investors become optimistic about a massive U ... , thieves and foreign agents, according to a new report from a panel of leading government ... ' from banks, governments Ad forecaster expects mild recovery in Q3 of 2009 Credit card interest rates [more...]
Date: 2008-12-09 04:42:16
Getting Out of Debt Quickly pt 1
You are probably familiar with this feeling: Your bills are constantly piling up, but you feel so far behind that you simply cannot bear to even open them. When you do open them, you quickly realize that there is only enough saved up in your bank accounts for you to make the minimum monthly payments and nothing more. You have plenty of other company all over the country. The average family in America is carrying between $8,000 dollars and $9,000 dollars in debt on their credit cards alone. [more...]
Date: 2009-09-25 11:16:53
MortgageNewsClips: On Risk Models, Dow Chart, Credit Cards and Colleges, OC Prices Off, Russian Socialism, David Merkel, Cram Downs, Buying Bonds, Bank Spreadsheet, Fannie and Indy, Mark Perry, Protect Me, 4 more, Ira 3-Fer
Risk Modeling Section - models don’t always work! - 2 important articles: 1 ... Trap Unspoken Link Between Credit Cards and Colleges - JONATHAN D. GLATER - … Hundreds of colleges [more...]
Date: 2009-01-06 00:15:07
More Financial Turmoil Ahead: A Stock Market Bear Rally Built on Sand
Bob Chapman TheInternationalForecaster.com Monday, June 8, 2009 A recovery is supposed to be in the works in the midst of increased savings, declining debt balances on credit cards, more bankruptcies, higher unemployment and new wave of foreclosures. Consumer participation in GDP is down from 72% to 70.4%. Bank and other financial firms’ balance sheets are what they say they are and we have a stock market bear rally built on sand just as we had in 1931. [more...]
Date: 2009-06-08 11:12:36
An Anonymous Bank Executive Speaks Up
I was tipped off to an article late last month, but I neglected to blog about it right away ... . For some reason, we had (and still have) more credit limit available to us than our annual income ... to check a credit report to see limits. They were definitely enablers when it came to our credit card [more...]
Date: 2008-12-22 06:18:42
Citibank Cuts Back To Serve Only Rich People, Large CIties [Banks]
True to its name, we suppose, Citibank will be focusing on six major U.S. metropolitan areas and on wealthy customers, and not the rest of us deadbeats. Citigroup, the third-largest U.S. bank behind Bank of America Corp and JPMorgan Chase & Co, also plans to limit its consumer lending business in the United States primarily to credit cards and "jumbo" mortgages, catering largely to affluent customers, the Journal said. [more...]
Date: 2009-09-26 20:00:10
Consumer Alert: Incredimail Fraudulent Charges
Please, anyone who visits my homepage: do not use, install, give money to, give credit card information to, or associate with this company. I am so disgusted with them I’m about to report them to the BBB. First off, the program ... their contact form and still have not heard back from them. I had to call my bank and dispute the charge [more...]
Date: 2009-01-06 16:30:10
MAYBANK PENIPU?
Perhatian kepada pengguna maybank 2u: Hari ni aku terima satu email seperti attachment kat bawah nih...aku pon x sangka aku gak hampir menjadi mangsa... sebelum ni aku pernah dengar la pasal org hilang duit kat maybank bila dia login pakai link ... banking ID or PIN or credit card information. We advise customers not to log in to any website [more...]
Date: 2008-12-24 04:34:00
New blame emerges for mortgage crisis
Researches from the Federal Reserve Bank of New York have issued a report blaming the 2005 bankruptcy reform act for our current mortgage crisis ... . They say that the legislation, (which forced more well-to-do households, filing for bankruptcy, to file under Chapter 13 instead of Chapter 7), took the risk away from credit card lenders, shifting it [more...]
Date: 2009-01-13 22:03:02
Australia has nationalised fund raising for Banks ~ Needham
If there is a disconnect, it is in Australia where housing prices have fallen just 5% year on year ... at the different lending regimes which prevail. In Australia and New Zealand, all home mortgage ... of guaranteeing real estate, credit card and auto loan securitization. In other words they have effectively [more...]
Date: 2009-01-16 22:29:09
Bank of America (BOA), Wells Fargo (WFC) End 2008 with Major Buyout Deals
Two major U.S. banking deals were completed yesterday (Thursday), enabling the suitors to finalize the deals before 2008 came to a close ... buyouts worldwide, and not lending at home, as a Money Morning investigative report demonstrated ... in merger advice in 2008, Thomson Reuters reported. The combined company’s brokerage, credit card [more...]
Date: 2009-01-02 12:36:15
Where's The Happy Medium?
The other day, I noticed that the finance charge on one of my credit cards had gotten a lot higher, ... been more than $1,500), and in the last six months, my salary has increased about $10,000. My credit score hovers somewhere around 700, give or take. I have to wonder: Where's the 'increased risk'?The banks [more...]
Date: 2009-01-15 20:39:00
No, that e-mail isn’t from your new bank
Scammers are taking advantage of recent bank failures and mergers in an attempt to get personal information from account holders ... institution. The scammers hope that you’ll enter personal information, such as your credit card ... your assets. The FTC offers the following examples of these phishing messages: We recently purchased [more...]
Date: 2008-10-22 15:01:07
Banks’ Loan Losses Could Reach $2 Trillion
It is little wonder financial markets are taking a beating ... U.S. loan losses. In a report released late Tuesday night, Goldman economists estimated that losses ... , up from an earlier estimate of $780 billion. Add in losses from commercial real estate, credit cards, auto [more...]
Date: 2009-01-15 18:04:50
Banks? Loan Losses Could Reach $2 Trillion
It is little wonder financial markets are taking a beating ... U.S. loan losses. In a report released late Tuesday night, Goldman economists estimated that losses ... , up from an earlier estimate of $780 billion. Add in losses from commercial real estate, credit cards, auto [more...]
Date: 2009-01-15 17:06:33
Economic Crises Deepens: JPMorgan Chief Says 2009 Will Be Bleak
Jump to CommentsBy Francesco Guerrera in New YorkThe Financial Times The US financial and economic crisis will worsen this year as hard-hit consumers default on credit cards and other loans, Jamie Dimon, chief executive of JPMorgan Chase, has predicted in an interview with the Financial Times.Mr Dimon, whose bank will report fourth [more...]
Date: 2009-01-15 18:20:12
Media Digest 12/2/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, JP Morgan (JPM), Bank of America (BAC), and Merrill Lynch (MER) will cut a total of almost 20,000 jobs ... that frugal Asia will dodge most of the credit card problems which will hit other regions. The Wall ... Street Journal writes that Bernanke says that he can do more to ease credit crisis. The Wall Street [more...]
Date: 2008-12-02 08:51:40
How 20 designers charge their clients - part 1
I asked some of my graphic design contacts three questions about their financial practices: How do you charge clients? ... credit cards or PayPal, as I might get one or two requests a year. Most of my clients pay by bank [more...]
Date: 2008-11-11 23:42:56
Beneficial Finance - Mortgage Review
Beneficial Finance, does personal, auto, and mortgage lending as a retail subsidiary of mega-bank parent HSBC Group (NYSE: HBC) ... ) 466-8222 (630) 617-6569 Address: 961 N Weigel Ave, Elmhurst, IL 60126-1058 Beneficial Finance ... of Beneficial Finance should be avoided. They are big pushers of credit cards, home equity loans [more...]
Date: 2009-01-14 22:05:31
Citigroup Bailout Raises Viability Questions For Entire Banking System
Still more details are emerging from the weekend bailout of Citigroup ... are Citigroup's giant credit-card business, where defaults have been rapidly piling up, and its overseas [more...]
Date: 2008-11-25 04:10:00
The Big Bank Job: The Insanity of the $700 Billion Giveaway by Michael Hudson
Dandelion Salad Sent to me by Jason Miller from Thomas Paine’s Corner. Thanks, Jason ... will get rid of their bad mortgages, and also their bad car loans, furniture time payments, credit-card loans [more...]
Date: 2008-09-28 10:05:07
Grand Theft Wallet
So someone stole my wallet on Wednesday. They got my debit card, my IDs, some cash, all of the photos of the nephew, ... has been cancelled, a claim has been filed with my bank’s fraud department, and a case number ... m not worried about someone trying to open credit in my name, because I can’t even open credit [more...]
Date: 2009-01-16 21:42:00
Best 0% APR Credit Cards
Gone are the days when you couldn’t walk to your mail box without a credit card offering 0% on balance transfers or 0% on purchases hitting you in ... for it. There is absolutely no reason why anyone should pay an annual fee to use a credit card, unless it offers ... the face. With the recent credit crisis and all the bank failures, credit card issuers [more...]
Date: 2009-01-15 12:09:25
2007 J.D. Power Satisfaction Ratings in Finance
J.D. Power & Associates puts out annual customer satisfaction surveys in all types of industries from automobiles to finance to insurance to travel ( ... I used more - retail banking and credit cards. While I don’t discuss the mortgage ratings, go check ... banking, mortgage related, and credit card groups. At the time I first wrote this, I didn’t think [more...]
Date: 2008-08-10 19:27:39
Beware of “Fishy” Emails…. Protect Yourself Against Identity Theft
By: LINDSEY O’NEILL, ESQ. I get them all the time - those pesky emails that appear to come from my bank, credit card company, ... confidential information so they can run up bills on your credit cards, take out loans, obtain new credit ... fraud alerts on your credit files. Monitor your credit files and account statements closely. • Report [more...]
Date: 2009-01-02 13:42:02
Boehner Column: Don't Become a Victim of Identity Theft
As you shop for gifts this holiday season, you should be aware that unscrupulous people are doing another kind of shopping – for your identity ... information; Skimming in which credit/debit card numbers are captured by a special device when your card ... stealing a purse, wallet, mail – including bank and credit card statements, pre-approved credit [more...]
Date: 2008-12-12 17:00:00
Mint monitors our credit-crunched spending
Mint.com balance service As consumers watch what they spend more closely in these credit-squeezed times, services such as Mint ... automatically categorises users’ bank and credit card transactions, give it some fascinating ... on credit card balances - one institution topping the table with its members having an average balance [more...]
Date: 2008-11-19 23:50:18
Protect Yourself from Identity Theft
Several steps can protect against identity theft There is no real way to prevent someone from stealing your identity or swiping financial and ... sites - check them daily Order a free credit report once a year from annualcreditreport.com Debit cards ... personal information, unless you have no bank accounts, credit cards or Social Security number [more...]
Date: 2009-01-08 20:07:11
Banks Supposedly Will Cut Consumer Credit Card Lines by $931 Billion if Reforms Mandated
There is a rather amusing story at the Financial Times tonight, "Credit card reforms ‘to cost banks billions’". Let's look at the particulars ... that banks will lose $10 billion in interest annually, reduce credit lines by $931 billion, and put ... not get anyone well known for banking expertise to put its name on a self-serving report [more...]
Date: 2008-12-15 01:59:42
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
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