Market Update 01/19/2009

Market Comment Mortgage bond prices fell last week pushing rates higher despite continued signs of economic weakness ... the credit crisis. Consumer sentiment came in surprisingly better than expected despite headlines ... indicator of the state of our economy. This report, provided by the Bureau of the Census, takes [more...]

Date: 2009-01-16 21:27:51

Blog posts (252) | Videos (137)
 

The Fish Standard

The Wall Street Journal's Justin Scheck reports: There's been a mackerel economy in federal prisons since about 2004, ... on unregulated trading, and, um, limits on credit: The Bureau of Prisons views any bartering among ... a maximum of 40 cents an hour, according to the Federal Bureau of Prisons) or family members goes [more...]

Date: 2008-10-03 16:53:00

BOSSES RUNNING AWAY IN CHINA

Cao Jun of The Times’ Shanghai Bureau contributed to this report ... of his industrial gas business. Tao owed him $850,000, Mao said, about 60% of his annual revenue. “We cannot pay ... and environmental requirements. When the credit crunch took hold — prompting Western businesses to slash [more...]

Date: 2008-12-18 02:55:20

Piracy v. Private Equity: A Comparison

While every kind of legal deal making is down this year, one practice is up: Piracy ... Maritime Bureau’s weekly piracy report. (Who knew?) And they’re making good money — better money ... Images In these upside-down days of credit crisis (and in part because they just sound kind [more...]

Date: 2008-11-19 17:56:35

When our personal economy is more important than the US economy.

“You might not always get what you want, but you always get what you expect.” – Charles H ... , regardless of what the Bureau of Labor Statistics is reporting. Rather than sitting and stewing ... less on gifts this season than they did last year… or when our last credit card has been maxed [more...]

Date: 2008-12-26 13:44:08

"McCain Is The Real Health-Care Reformer"

According to the Wall Street Journal,"It's good politics for Mr. Obama. But it's bad policy. Mr. McCain's proposal -- to give every American the tax credit businesses get for buying health ... who get their health insurance at work has been shrinking. In August, the Census Bureau reported [more...]

Date: 2008-10-07 23:21:07

New home sales rise, prices fall

A short time ago, the Census Bureau reported sales of new homes rose 2.7 percent in September, from a 17-year low in August, propelled by a 9 ... have difficulty in closing due to the worsening of credit market conditions and tighter lending [more...]

Date: 2008-10-27 14:26:00

China Yeepay (Ease Pay) suffers large-scale hacker attack

Yeepay (Easy Pay), the leading e-payment service in China, confirmed that starting at 4:20 pm on January 14th, ... the site. The attack was reported to the Beijing Public Security Bureau and a suspect is currently ... . The challenge is that many of them don’t have traditional bank accounts or credit cards, so monetizing [more...]

Date: 2009-01-16 02:46:25

A John Edwards-Rielle Hunter Timeline

Here’s a timeline for anyone interested in the John Edwards - Rielle Hunter story. From a report by McClatchy’s Washington DC bureau on Lisa/Rielle through 2005: 1970’s 1960’ ... going to nightclubs, doing drugs, and abusing credit cards,” McInerney said. She replies [more...]

Date: 2008-08-10 22:31:54

Doing the Math...

You may have seen reports that the president-elect wants to "give" individual taxpayers $300 billion ( ... as tax cuts. They are not, but we'll overlook that for now.According to the Census Bureau population ... $500 benefit from a $500 tax credit (as long as it remained a genuine tax credit -- an amount deducted [more...]

Date: 2009-01-06 20:00:00

Need Health Insurance? Your Favorite Pharmacy May Be Standing In Your Way

I've told you before about the Medical Information Bureau and how it may come between you and health insurance. The MIB is like a credit reporting agency. It collects information... [more...]

Date: 2009-01-02 14:00:59

Where Any Sale Is A Prized Event

The Associated Press reports on Florida. “Al Ray is so strapped for cash, the only time he eats out is on Wednesday or Sunday, ... of their income or more on housing costs, according to 2007 data released Tuesday by the U.S. Census Bureau ... $250,000 a year and had an impeccable credit history.” “Then he lost his job. Provost missed one $10,500 [more...]

Date: 2008-09-23 13:38:07

Report: FBI Investigates Four Companies in Credit Crisis

From the WSJ: FBI Investigates Four Firms at Heart of the Mess The Federal Bureau of Investigation's preliminary inquiries are focusing on whether fraud helped cause some of the troubles at Fannie [more...]

Date: 2008-09-24 05:12:39

No Rest for the Unemployed

The Bureau of Labor Statistics of the U.S. Department of Labor reported that nonfarm payrolls fell by a whopping 533,000 jobs in November, ... so damned much money and credit to fuel doomed booms and a cancerous growth of government! And yet ... , the report does not actually mention me by name or even wish me good luck in getting another job [more...]

Date: 2008-12-16 22:12:15

Obama talks stimulus. He hopes you are listening

The spate of retailers reporting devastating December sales this morning provided a nice backdrop for President-elect Obama's speech in Virginia ... that lower interest rates aren't getting the job done because credit markets are screwy and that tax ... , the National Bureau of Economic Research and the Brookings Institution. He argued that fiscal [more...]

Date: 2009-01-08 18:11:11

Report: FBI Investigates Four Companies in Credit Crisis (pfblogs.org)

From the WSJ: FBI Investigates Four Firms at Heart of the Mess The Federal Bureau of Investigation's preliminary inquiries are focusing on whether fraud helped cause some of the troubles at Fannie [more...]

Date: 2008-09-24 07:36:11

Employment Declining Faster than in 2001 Recession

(Credit: John Moore /Getty Images In December, the economy lost 524,000 jobs, according to the Employment Report released by the Bureau... [more...]

Date: 2009-01-12 03:23:19

Swindled by the Billions

Branded as the biggest con of the history. On December 11, 2008 at 8.30 a.m, Federal Bureau of Investigation agents arrested Bernard Madoff and charged ... & World Report) = $30 M 14. Societe Generale of France = $13.7 M 15. Credit Agricole of France [more...]

Date: 2009-01-09 05:00:59

Secondary Sources: Jobs and Recession, CPI Defense, Britain

A roundup of economic news from around the Web. Jobs and Recession: Ahead of today’s jobs report, ... , we get a recession 100% of the time.” CPI Defense: The Bureau of Labor Statistics has issued ... to the days of plucking credit cards and mortgages off trees. Sterling was overvalued [more...]

Date: 2008-09-05 16:23:00

Dan Gainor on Fox News, Discusses Decline of Media

Vice President for the Business & Media Institute, Dan Gainor, spoke with Gretchen Carlson, host of "America's News HQ," ... , as reported in the paper Dec. 7. The Times said its credit rating from Standard & Poor's recently ... bankruptcy and cut jobs in many print news bureaus. [more...]

Date: 2008-12-10 15:32:25

No Rest for the Unemployed

by The Mogambo Guru The Bureau of Labor Statistics of the U.S ... so damned much money and credit to fuel doomed booms and a cancerous growth of government! And yet you want ... , the report does not actually mention me by name or even wish me good luck in getting another job [more...]

Date: 2008-12-16 21:49:13

UPDATED: File under 'opposition opportunism' and 'total lack of principle': NDP and Bloc were already in talks to form coalition

CTV is reporting on previous coalition talks between Layton's New Democrats and Duceppe's Bloc Quebecois: ... Ottawa Bureau Chief Robert Fife. Layton held a telephone-conference meeting with his caucus ... to take credit for the possibility of a coalition. "Let's just say we have strategies. This whole [more...]

Date: 2008-11-30 22:32:11

Hong Kong Finance chief given report on minibonds saga

Joyce Man, South China Morning Post 01 Jan 2009 The banking and securities regulators handed a report on the minibonds saga to the financial ... , but consist of high-risk credit-linked derivatives. They are marketed as proxy investments in well-known ... products, a spokesman for the Financial Services and the Treasury Bureau said. He said [more...]

Date: 2009-01-02 20:02:26

Tuesday morning -- and we're in a recession

As Sacramento Bee reporter Dale Kasler noted in his lead paragraph this morning: "No kidding" to the news yesterday from the National Bureau of Economic Research that the country's ... that Henry Paulson and company don't know why credit markets have frozen. Is it because the banks [more...]

Date: 2008-12-02 13:54:33

Recession Started In December 2007

I reported on this in January and now we have official confirmation ... , stagnant wages and hundreds of thousands of lost jobs. But the nonpartisan National Bureau of Economic ... now for America’s economy? Personally, with the news of a possible $2 trillion pull back on credit [more...]

Date: 2008-12-02 01:05:15

Is the 6-month Stock Market Rally About to End?.

by Bob Chapman Global Research October 1, 2009 The G-20 Pittsburg Summit ended last Friday. Their official statements made for some novel and interesting reading. We were informed that the group could by working together could manage a transition to a more balanced pattern of global growth. Tending to domestic demand as private savings increase. It is obvious to us this cannot work. We are seeing increased savings and decreased consumption. The IMF as well agrees with these policies. [more...]

Date: 2009-10-01 17:54:55

Avoid the Freshman Financial Fifteen

College students have a lot to deal with: New classes, new surroundings, new friends, and adjusting to a new lifestyle away from home.  It’s easy to get wrapped up in the college scene and forget to take care of your finances, but making good decisions early will pay dividends later.  Here are fifteen financial missteps often made by college students and strategies to avoid them.1.    Not budgeting This is undoubtedly the biggest mistake we college students can make.  It is important to set [more...]

Date: 2009-09-30 15:10:57

Credit Services

October 1, 2009 | By Sara Bernard In Finance | by Sara BernardThe recent economic downturn and financial crises have left many people with destroyed credit. Some credit repair companies are making outrageous claims that they can instantly repair credit. You need understand what these credit repair companies intend!If you want to start a credit repair process, the first thing you should do is find your credit report. It is widely available online due to a new law. [more...]

Date: 2009-10-01 21:25:56

My Identity may have Been Compromised

I got a notice yesterday that my identity maybe, could have, probably, possibly been compromised. The scariest part of it is the information that was compromised is essentially my entire life, it was a background investigation file. I am fortunate to be close enough to the issue that I know the risk associated with what happened is extremely low if not non existent. Just to be on the safe side I have been provided with 1 year of complimentary credit monitoring. [more...]

Date: 2009-09-29 13:30:32

Fixing Credit Report – Preparing To Do It Yourself

by Tim Beachum Obviously you are interested in the topic of fixing credit. No matter what your reasons are for wanting to repair your credit, the benefits are well worth it. Depending on your situation you can lower your monthly bills, open a bank account, get better rates on loans, the possibilities are endless. Before we dive in I want to say this… It is important that you remember that you didn’t get into your current credit situation overnight and you will not get out of it overnight. [more...]

Date: 2009-09-28 10:28:32

FreeCreditReport.com Review: Not a Free Credit Report

Have you heard of those commercials on TV that talk about “free” credit reports? These services, such as FreeCreditReport.com are *not* truly free. They offer free trials for a limited time (usually 7 days) but they’re actually paid subscription services after the intro period is over. They’re in the business of credit monitoring and tracking your credit standing. Image by Andre Rolim/Getty Images These services exist to help us keep an eye on our credit reports. [more...]

Date: 2009-09-29 04:01:28

Restoring Your credit Status

by Bob Jones A crucial aspect in maintaining a high credit status is in point of fact the contents of your credit report. The credit report is very much the history of your monetary life, contained in a comprehensive document. The credit report details the credit score, which is a numeric grade typically between 300 and 850. Most lenders use the credit score to help them make their mind up whether you are worthy of credit. Furthermore, the score is also used to conclude your capability of paying a loan. [more...]

Date: 2009-09-29 08:16:24

Mortgage Refinance With Bad Credit Options: Reveal All The Hottest Tips Here!

by Asem Eltaher Among the top ten hot topics of 2008-2009 is the relief for homeowner’s high mortgage payments. Foreclosures at an all-time high and many are getting further behind each month creating a large market for mortgage refinance with bad credit. The Mortgage Banker’s Association states the newest information on foreclosures shows the decline is still pacing downward. The percentage of homeowners facing default can rise higher by 2011, if relief is not available. [more...]

Date: 2009-10-01 09:00:20

Mortgage Refinance With Bad Credit: Reveal All The Hidden Secrets Here!

October 1, 2009 | By Asem Eltaher In Finance | by Asem EltaherAmong the top ten hot topics of 2008-2009 is the relief for homeowner’s high mortgage payments. Foreclosures at an all-time high and many are getting further behind each month creating a large market for mortgage refinance with bad credit. The newest data from the Mortgage Bankers Association reveals fewer foreclosures are being reported. Unless there are new strategies for relief the rise could be higher than now by the year 2011. [more...]

Date: 2009-10-01 09:01:06

Restore Your FICO Score – Part Three

In the previous parts of this article we discussed how FICO score can impact your financial status as well as the initial steps that you can take to begin restoring your FICO score. We covered handling collections first since they do have a big impact on your overall score, but there are a few other ways that you can quickly see a big jump in your score. After you have the collections on your account either settled or verified, double check to make sure that they were removed from your credit report. [more...]

Date: 2009-09-30 00:20:38

How Debt Management Programs Affect Your Credit Score

Thoughts on managing debt wisely with debt management programs. How do these programs affect your Equifax credit report and score ? I have been a financial counselor for over two years, and here’s one question I often receive from clients: if I implement your debt management program, how will this affect my credit score? People ask this because they wonder whether getting outside assistance to handle their debt could potentially be a strike against their credit. Well, my response is simple. [more...]

Date: 2009-09-30 08:14:35

Restore Your FICO Score – Part Two

In our last post, we covered how to begin the process of restoring your FICO score, as well as how changes can affect this score. Now that you are ready to begin, there are a few steps that you will need to take. Many of these steps require diligence on your part and a little hard work. However, they can result not only in a higher FICO score, but also lower interest rates on loans, and a higher chance of getting approved for loans in the future. [more...]

Date: 2009-09-27 23:46:13

Find Out How To Repair Your Poor Credit

by Martha Gonzalez For nearly all people in life the major financial purchases like buying a house or a vehicle require credit. Of course, in order to be approved for credit you must have a decent credit score. Life and finances both tend to be less expensive and much easier when you have a good credit score. But what can you do if your credit score is already shot? There are a few steps that you can take to improve and repair your credit. [more...]

Date: 2009-10-01 05:59:50

The Reality of Prepaid Credit Cards

by Pedro Turriago Prepaid credit cards are great for those who find it difficult to control their spending habits. They have a limit imposed by the cardholder that is solely determined by how much money they load onto it. If the person does not have money to load onto the card, then they wont be able to use the card. In short, by the time a prepaid card is used, the bill is already paid. Its probably the best type of credit card available for people who want to stay out of debt. [more...]

Date: 2009-09-30 11:13:28

Consumer Focused Carnival of Real Estate

September 30th, 2009 The guidelines for this carnival . As always, I arranged the entries that met guidelines into three levels, based upon originality, usefulness to the consumer, and how much thought and effort and research went into an entry. STRONGLY RECOMMENDED We have an Editor's Choice! Four Pillars talks about Pocket Listings . A pocket listing is where the listing agent keeps the listing "in his pocket" rather than putting it on MLS. [more...]

Date: 2009-09-30 13:50:49

Fixing Credit Report - The Good… The Bad… And The Truth

by Tim Beachum Obviously you are interested in the topic of fixing credit. No matter what your reasons are for wanting to repair your credit, the benefits are well worth it. Depending on your situation you can lower your monthly bills, open a bank account, get better rates on loans, the possibilities are endless. Before I begin explaining the fixing credit process, I feel it is important that you have the right mindset before we begin. [more...]

Date: 2009-09-30 08:14:45

Credit Repair! You May Have A Bad Credit Rating And Not Even Know It

When we talk about credit repair, most of us believe that repairing our credit rating is directly related to our mis management of our finance s, and in most cases that is true! However, many of us don’t realize that thousands of men and women every year find out they have bad credit due to credit fraud, and if you’re not 1% sure on how this happens, it’s a method by criminal organizations that are stealing your identity and using it for financial criminal activities. [more...]

Date: 2009-09-30 14:31:03

Realize Your Credit Score Plus 3 In 1 Credit Report

Realize Your Credit Score Plus 3 In 1 Credit Report by Sara M Perry3-in-1 credit reports are summaries from all three of the foremost credit bureaus. They cover the financial history collected on one person or group in order to “report their credit worthiness” or in other words, whether or not it is expected that they have the resources and trustworthiness to pay off a new obligation.These reports supply information from the three foremost credit reporting agencies. [more...]

Date: 2009-10-01 11:31:33

How to Improve Your Credit Score When Paying Down Debt

Kudos to you for focusing on paying down your debt. Regardless of what you do from here on out from a credit score perspective, you are already doing the best of all things – paying down your debt. However, you can make some small mistakes in the process that will hurt the improvement of your credit score. Hopefully, with some advice, you can avoid them. Don’t Cancel Cards When you pay off a credit card, it’s very tempting to cancel the card and cut it up into tiny little pieces. Please don’t. [more...]

Date: 2009-09-29 11:00:28

Avivah Litan: Nothing that Goes Through the Browser Can Be Relied Upon!

Yesterday, I spent a lot of time on a post : Another Lawsuit Against Weak Online Banking Authentication.  Today, (ironically and thankfully!) Bank Technology News came out with an article on the same subject.  I'm tickled, because there's a quote from Avivah Litan, distinguished analyst and VP at Gartner Research that is as powerful as they come. [more...]

Date: 2009-09-29 20:14:00

Will Your Credit Score Be Ruined By Credit Card Debt Consolidation Negotiators?

Amazon.de Widgets Credit card debt negotiators claim that they can help you pay less than you owe. Read the truth about credit debt negotiation scams. Protect your credit history.There are different reasons why people fall into debt. All of a sudden you may realize that you just can not make your regular payments. All of your bills and credit card statements drive you to the point of insanity and it seems that you will be unable to get out of this pit without help. [more...]

Date: 2009-09-29 11:50:50

Fixing Credit Report – The Good… The Bad… And The Truth

Fixing Credit Report – The Good… The Bad… And The Truth by Tim BeachumYou are moments away from understanding the process of fixing credit. It’s really not important what your reasons are for wanting to repair your credit the fact is you have made a good decision. Repairing your credit is well worth the effort, and depending on your current situation repairing your credit can lower your monthly bills, open a bank account, rent an apartment, and even purchase a car. [more...]

Date: 2009-10-01 15:25:39

Essential Credit Repair You Need Know For Successful Self Credit Repair

Credit Repair The DIY Way . Credit repair is a great way to improve your credit scores and get a fresh financial start. However many people cannot afford the cost of a credit repair service. The good news is that you can do credit repair yourself and get the same results as a credit repair company would, you just lose the convenience of not having to do anything. This article will discuss a few important DIY credit repair tips that you can use to get started. [more...]

Date: 2009-09-28 06:50:28

The Secrets behind the FICO Score

by Ty Crandall Your credit score is the most important number in your life. How much you pay for car and health insurance, car payments, your rent and mortgage payments, house utilities, and even whether you get hired for a job or not, are ALL based on your credit profile and credit score. This article will help you understand each component of your total credit score. For more details on your credit score you can see this article and more at www.PerfectCreditFast.com. [more...]

Date: 2009-09-28 13:26:56

One Way to Protect Against Identity Theft

When information gets stolen, it is used in various ways. Sometimes the thief may use it to drain your bank account, for example ... will not extend credit without first pulling a consumer’s credit profile. If you place a “security freeze” on your credit profile, the reporting agencies are prohibited from releasing your credit [more...]

Date: 2008-09-22 21:10:55

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