Taxpayers, Congress Push Back Against Bailout

Monday 22 September 2008 by: Matt Renner, t r u t h o u t | Report   Representative Barney Frank, ... money to buy this private sector debt - essentially using the taxpayer’s credit card to buy home [more...]

Date: 2008-09-23 01:02:02

Blog posts (264) | Videos (243)
 

Government help for small business: The key points

Working Capital Scheme - Open to “ordinary-risk” businesses with a turnover of up to &beat500m - Government will guarantee up to 50pc of new and existing working capital credit lines ... Fund - A £50m fund to convert businesses’ debt into justice, announced in the pre-budget report [more...]

Date: 2009-01-16 08:09:09

Sensible Debt Collection

This post has been republished from the SitePoint Tribune #427 ... the client wants a clean credit report to enable them to secure a loan for a house. Be consistent ... : invoice for final payment 30 days later: reminder notice 7 days later: phone call reminder/request [more...]

Date: 2008-12-21 23:14:08

John Pugsley: Exposing Some of Stealth Investing’s Energy Secrets

Ongoing education, excellent connections and a wealth of experience combine to give John Pugsley, editor of Stealth Investor, ... Report: Your Stealth Investor focuses primarily on mining and energy, correct? John Pugsley: Lately ... of this credit meltdown; while it affects the debt markets, the real values are in things that human [more...]

Date: 2008-10-20 14:09:59

Friday morning links

TOP STORIES Vast Bailout by U.S. Proposed in Bid to Stem Financial Crisis - NY Times SEC bans short-selling of 799 financial stocks - AP Fed to Help Meet Fund Redemptions, Buy Agency Debt - Bloomberg Citigroup considering bid for WaMu: report ... bank, borrows to aid market - AP INTERNATIONAL Central Banks Add $71 Billion to Ease Credit [more...]

Date: 2008-09-19 12:51:00

CDS report: EU nation default risk touches record high

The cost of insuring debt issued by the Irish government leapt higher this morning as Europe's beleaguered credit derivatives traders swallowed hard ... premiums for protecting the debt of Spain, Germany, Austria and Ireland against default also all jumped to record highs according to credit default swap data provider CMA.... [more...]

Date: 2009-01-16 12:19:32

Stressed Moms Losing Sleep

Stressed Moms Losing Sleep October 27th, 2008 By JOE WINDISH, Technology Editor Motherlode: A report released today by ComPsych Corporation, ... . Specifically, Compsych found, the worries break down like this: Cost of living: 30 percent Credit-card debt: 29 percent Mortgage payment: 14 percent Retirement account: 13 percent Kids’ tuition [more...]

Date: 2008-10-27 19:28:54

The CEO's Guide tp Derivatives

I found this while doing some research on this financial crisis ... Credit Swaps, Securitized Instruments of Debt, or other derivatives posed to their companies. Or how illiquid they really were. In doing this research, I came upon Warren Buffet's 2002 Annual Report [more...]

Date: 2008-09-22 17:45:00

CDS report: Rate cuts lift mood

Credit markets rallied strongly Thursday morning after the 50 basis point rate cut from the US Federal Reserve, cuts from China and Taiwan and indications from central banks that they would continue to act against recession boosted sentiment across markets. The cost of protecting corporate debt against [more...]

Date: 2008-10-30 12:24:52

A Trillion Dollars Ain't What it Used to Be

There is a report floating around arguing that with the collapse of the consumer credit market, ... markets without causing rates to get squirrely. That strikes me as an awfully simplistic view of things. First, there is a reason why consumer credit has gone south, and that plays back into debt [more...]

Date: 2008-12-23 20:17:00

Old Debts Under $100 Don't Matter Under FICO '08 [Fico]

An update to how the new FICO '08 scoring system got revamped this year: Collection ammounts where the original debt was under $100 will be totally disregarded, MarketWatch reports . Back in Feb we reported that they would still be taken into account but only matter less. Also, FICO'08 has been rolled out to all three credit bureaus since last month. Before it was only being tested at one and there was some disagreement over whether all the bureaus would accept it. [more...]

Date: 2009-09-24 17:00:00

Credit Crunch Effects to be Felt for Years: BlackRock’s Fink

While the majority of the financial crisis tied to bad mortgages and esoteric debt structures may be waning, ... to a report published by Reuters on Wednesday. “The worst of the financial market crisis is behind ... with the turmoil have quarters to go, maybe years to go, because of the contraction of credit, the bloated [more...]

Date: 2008-06-13 13:01:03

When Retail Sales Miss Forecasts, Expect Selloffs

If 2008’s pattern holds, investors should give up on expecting a market rally today ... produced an average loss of 0.35%. Wednesday’s report was a disaster, as retail sales fell 2.7 ... and stock prices, tight credit market conditions, and what remain onerous household debt burdens,” [more...]

Date: 2009-01-14 15:45:49

When Retail Sales Miss Forecasts, Expect Selloffs

If 2008’s pattern holds, investors should give up on expecting a market rally today ... produced an average loss of 0.35%. Wednesday’s report was a disaster, as retail sales fell 2.7 ... and stock prices, tight credit market conditions, and what remain onerous household debt burdens,” [more...]

Date: 2009-01-14 18:45:00

++ 4,200 Barclays jobs to go ++

The horrors of the Brownian job losses continues, as the Times is reporting that Barclays is adding another 2, ... losing their home thanks to the unethical repossession policies of mortgage lenders ... these 4,200 poor souls.  Almost 12 years of Brown’s debt-fuelled boom (and the credit crunch [more...]

Date: 2009-01-14 15:22:19

eBay for Dummies Fourth Edition

eBay for Dummies Fourth Edition eBay is the world’s #1 online shopping destination and can be a bit intimidating for first-time users ... to avoid credit cards so I can prevent massive debt, so I tried using ebay and paying everything with personal checks. The sellers grew very impatient or didn’t report having received my payment and soon [more...]

Date: 2008-11-18 14:07:00

Is Debt Management the only solution?

by Phillip Evans Are we in the UK drowning in Debt? According to the insurer AXA, some 11.6 million people (25 per cent of the adult population) ... , admitting their finances are entirely out of control. The report suggests that over 3.7 million people are reported to be struggling to cope with mounting credit card bills and just over a million [more...]

Date: 2009-01-09 13:18:26

ChryCo CEO Denies No Free Credit (Report Dot Com Baby)

In an email to the troops , Chrysler CEO Bob Nardelli's denying The Wall Street Journal report that ChryCo's re-fi of $30b of short-term, car-loan-backed debt may not go down. If that happens– I mean, doesn't happen– Chrysler [more...]

Date: 2008-07-22 16:36:40

Four. One Million Use Credit Cards for Mortgage or Rent

4.1 Million Use Credit Cards for Mortgage or Rent According to housing and homelessness charity Shelter, about 85% of the UK’s £1 ... Breaking point’ report revealed that ‘4.1 million households (16%) used credit cards to help meet ... , is that they normally come with a lower APR (Annual Percentage Rate) than unsecured debts [more...]

Date: 2009-01-08 08:18:32

National letstalk survey reveals consumer spending still strong on cell phones and plans

Recent economic hardships may have consumers scrambling even more to stay out of debt, but Americans won’t let the wireless payment slip ... , credit card payment, or rent/mortgage payment. When asked the primary motivation for prioritizing ... . Surprisingly, over 75 percent of respondents report never being late on their wireless bill [more...]

Date: 2008-11-04 05:52:38

Fed Ponders Issuing Debt to Finance Its Mushrooming Balance Sheet

The Wall Street Journal, in a typically anodyne bit of reporting, ... rolling out ever more creative steps to unfreeze credit markets, it has sold or pledged a growing ... and securities dealers backed by mortgage-backed securities and other shunned collateral. This has led [more...]

Date: 2008-12-10 06:46:28

The Teflon Maple Leaf: TD Securities

Eric Lascelles, TD Securities’ Chief Economics Strategist, points out that the Canada has the highest sovereign debt ratings in the world, ... Canada over the U.S. in bonds. Third, throughout the credit crunch, Canadian bonds have been less ... in his latest report, “The Teflon Maple Leaf.” Lascelles points to several key areas: A peek [more...]

Date: 2008-10-31 22:03:35

Best debt collection agency!!

I was the finance head for my department and I used to suffer a lot and it was a real pain when it comes to recovering money that is owned. You give out goods on credit and then they fail to pay the money back. That’s when my friend ... harder. They also provide report and status along with legal help involved in collection of debt [more...]

Date: 2009-01-16 04:13:52

Latest News in Goverment Grants and Debt Relief - Jan 06, 2009

Obama supports $300-billion tax-cut plan - Globe and Mail 6 Jan 2009 at 4:29am Fake Name from Canada writes: ... As the global financial crisis deepens, Report on Business writers examine and explain the turmoil in credit and stock markets. Here, we answer your questions daily, with the most recent at the top [more...]

Date: 2009-01-06 12:26:07

News Round-Up: 21 Jul 2008

Economy Given a Shovel, Americans Dig Deeper Into Debt - NY Times Starbucks Gets Pleas Not to Close Stores - WSJ Credit crunch hits Hollywood as ... investors take up just 8.3pc of issue - Telegraph HSBC shares jump on CIC investment hopes - Telegraph ... forward on Maliki’s support for Obama, withdrawal - The Carpetbagger Report Al Gore’s tolerance for ‘ [more...]

Date: 2008-07-21 15:00:08

Four at Four: Looking for Cash

Whatever remaining euphoria that existed on expectations for the passage of a mighty bailout package that will cure all bad debts and even ... s not ideal.” Business as usual means looking forward to the jobs report due out in the morning, the lackluster demand for consumer goods, and ongoing credit problems that have reduced borrowing [more...]

Date: 2008-10-02 11:40:00

The Strong Dollar

Pete Davis reports from yesterday’s Senate Budget Committee hearing: Budget Committee Chair Kent Conrad (D-ND) ... their colleagues in their concern for the long-run credit worthiness of the United States. He also expressed ... in reviving credit markets and in overcoming recession, but in getting control of the massive debts we’re [more...]

Date: 2009-01-16 14:46:26

2008 Debt

Our homeowners insurance company decided to cover all our expenses for the new A/C unit at our house ... that I hope to get this weekend, best news of all NO CREDIT CARDS! All paid with CASH! Click ... I have some bad news to report, the balance on the CITI Premier Pass card is up this month. The current [more...]

Date: 2008-12-31 06:27:58

The New Year Creates Fresh Opportunity for Resolving to Reduce Debt

Free Rapid Debt Reducer software and online advice at RapidDebtReducer.com provide big motivation for making a commitment today GROTON, Vt., Jan ... report and score, and put that information to use ... Jolley to the millions of Americans who are struggling with overdue credit card payments, defaults [more...]

Date: 2009-01-16 10:50:23

The next debt crisis -commercal mortgage market set to collapse in North America in 2009-2010

Two weeks ago, I mentioned that about a dozen financial bubbles are about to burst. Here's a good reliable leading economic proxy indicator that doesn't get enough credit ... in Tucson, Ariz., and Hilton Head, S.C., also are about to default on their mortgages." ... a report [more...]

Date: 2008-11-30 02:18:40

DEBT DEFAULTS

DEBT DEFAULTS With the performance of the stock market over 2008, ... interest-bearing investments are safer, there are still risks. A report entitled “Default and Recovery Rates of Canadian Corporate Issuers, 1989-2007” was published last year by Moody’s Credit Research [more...]

Date: 2009-01-06 15:04:18

The Jim Treacher Porn Debt Crisis:

America's $15 trillion ticking financial timebomb - and what you can do to defuse it An Iowahawk Special Investigative Report by David Burge ... in considering Mr. Treacher's loan request. Perhaps he didn't have the most spotless credit history [more...]

Date: 2008-10-10 20:49:23

How to Hide Debt with Pension Accounting

Pensions involve promises made to employees that if they work for the company over some minimum period of time, ... terms, and it should report the fair value of the assets held in the pension plan. Among other things ... the firm properly and accurately. Pension accounting takes credit for being one of the most difficult [more...]

Date: 2009-01-14 06:38:47

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

Bing ads to warn of online scams

Microsoft on Tuesday began serving up scam warnings with Bing search results for topics such as fixing credit scores or rescue from home foreclosure that are prime material for online cons.Microsoft worked with the US Federal Trade Commission (FTC), Postal Inspection Service, and Western Union to provide public service announcements (PSAs) in the form of advertising posted on relevant Bing results pages.“We believe this program can help fight back against scams by reminding consumers to exercise [more...]

Date: 2009-10-01 05:21:31

U.S. To Break Up Soon?

Chuck Baldwin September 29, 2009 According to Macedonian Radio and Television On-line (MRT), a Russian professor predicts the United States will fall apart in July 2010. MRT reports, “‘Mr. Obama is similar to the last Soviet leader Mikhail Gorbachev. Gorbachev was also making great promises for the Soviet Union, but the situation was only getting worse,’ he said. By next summer, according to Professor Panarin, the US will disintegrate into six blocs–and everyone will get their piece. [more...]

Date: 2009-10-01 15:33:40

Puru Saxena: Inflation is our future

This post is a guest contribution by Puru Saxena*, founder of Hong Kong-based Puru Saxena Wealth Management . On one hand, the deflationists are claiming that given the extremely high debt levels in the West, further inflation is impossible. On the other side of the argument, many proponents of inflation are calling for Zimbabwe style hyperinflation. In this business, everyone is entitled to their opinion; however it is my contention that we will get neither deflation nor hyperinflation. [more...]

Date: 2009-10-01 09:54:45

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

PERSS ENCOUNTER WITH PM HIGHLIGHTS, DIRE NEED FOR NEW VISION FOR ETHIOPIA - By Genet Mersha

In the wake of his ‘involuntary anointment’ as chief executive of the state and the ruling party, Prime Minister Meles Zenawi has once again shifted to a high gear with a new five-year term securely under his belt. Although his decision was not unexpected, the 360 degrees shift of from the spring, winter, summer and beyond of his oft-expressed decision to quit his job as prime minister has not gone unnoticed. Owing to that, the prime minister has encumbered himself with expectations. [more...]

Date: 2009-10-01 14:45:04

Corporatism is King

by cjmac53@aol.com I wanted to follow up my post from yesterday on the FDIC with a couple of related links that I think are relevant as far as the big picture on the economy is concerned.  Alex’s comment on that post led me to do a quick search of the banks that had closed when the S&L crisis finally came to a head.  The link is to an article from the New York Times that was written in 1988, and I about fell off my chair reading some of the things that ocurred and the analysis of the [more...]

Date: 2009-10-01 09:21:00

Oh Yes

A decision by a county court judge could mean thousands of borrowers being able to renege on their debts. Judge Jacqueline Smart at South Shields county court has decided that the MBNA credit card company cannot demand the repayment of a customer’s debt. It tried to force Mrs Lynne Thorius to repay the £8,000 she owed on her card. But the Judge decided there had been an unfair relationship between Mrs Thorius and MBNA because of the way she had been sold payment protection insurance. [more...]

Date: 2009-10-01 19:41:49

Posts about Obama Health Care Failure as of October 1, 2009

Conference call: Tim Pawlenty and the Freedom First PAC - hotair.com 10/01/2009 We had an opportunity to talk with Minnesota Governor Tim Pawlenty to discuss the launch of his Freedom First PAC.  Pawlenty says that he’s worried that freedom is being corroded by a “tyranny of a creeping bureaucracy.”  Pawlenty wants to re-elevate the principles of freedom and liberty, including an effort to educate people on their value and to impact current policy.  Pawlenty plans a particular effort to [more...]

Date: 2009-10-01 12:59:05

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

What Is Cesi Debt Free?

by Melinda Harni Each of these websites provides extensive information on different aspects of debt: how to get out of debt, control debt, and on matters related to housing counseling. This is significant, keeping in mind the recent economic recession. Together, all three websites provide all-inclusive information, complete with statistics and figures, in keeping with the CESI philosophy of empowering the consumer on financial matters through knowledge. [more...]

Date: 2009-09-30 23:43:05

Senate Climate Battle Is On

Progressive Breakfast: Senate Climate Battle Is OnProgressive Breakfast10/1/09 7:11 AM Isaiah J. Poole Health Care for All An Economy for All 501c(3) Progressive BreakfastThe legislative battle to lower greenhouse gas emissions is finally getting into full gear in the Senate with Wednesday’s introduction of a comprehensive climate change bill.McClatchy News Service reports:The landmark legislation — called the Clean Energy Jobs and American Power Act — would force the U.S. [more...]

Date: 2009-10-02 00:03:18

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

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 Replace Bad Financial Habits With Good Ones

This is a guest post from Leo Babauta of Zen Habits. His first book, The Power of Less, was recently published by Hyperion. It was Aristotle who said, “We are what we repeatedly do … Excellence is therefore not an act ... situation? Some ideas: Impulse spending. Overuse of credit cards or other debt. Spending without tracking [more...]

Date: 2009-01-14 13:00:09

King Report: Economic Data Turns South

> For the past two weeks we have been warning that economic data is turning lower. On Wednesday, US beancounters manufactured a better than expected GDP but private economic data appeared that was materially worse than expected. The ADP Employment change for September is -240k; -200k was expected. More importantly, the closely-watched Chgo PMI declined to 46.1, which is below the 50 line of demarcation between growth and contraction. 52 was expected. [more...]

Date: 2009-10-01 19:03:20

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