Economic Potpourri December 30, 2008
The barrage of noteworthy economic news continues as we head into the new year. Here are a few headline news reports of interest from the past couple days.Japan mulls scheme to buy bad loansJapan's government and central bank are considering a $110 billion scheme to buy bad loans and other financial assets from banks to ease a credit crunch [more...]
Date: 2008-12-31 02:58:00
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Bank Loan Stats: The Good, The Bad & ........
The Federal Reserve's survey of loan quality for U.S. commercial banks is in. Bottom line, it's still all about residential housing delinquencies and charge-offs, which remain ugly and are killing the banks. Surprisingly to some, credit card delinquencies and losses are holding up reasonably well, [more...]
Date: 2008-11-19 02:12:16
Pink Slip Loans…Even for Cheap Cars!
Pink Slip Loans…Even for Cheap Cars! January 14th, 2009 by Charles Pruett It may seem like a crime, having bad credit and not being able to get a loan from you bank or credit union; and…well…it sort of is. And no matter whose fault it is your credit is in the tank, you can get one of 800LoanMart’ [more...]
Date: 2009-01-14 16:23:32
BANKS FACE ANOTHER BAD YEAR IN 2009
Rising loan losses, the threat of more regulation and tougher competition adds up to another year of poor profits for banks BY DAVID ELLIS ... a significant deterioration in the health of their credit cards and home equity loan portfolios ... and business loans are starting to surface as well. “There is loan quality deterioration across [more...]
Date: 2008-12-22 15:14:10
When you should use a credit repair agency.
Credit has become a very important part of peoples live in todays age. If you have bad credit you are familiar with having closed doors to loans, bank cards, credit cards, car financing and mortgages. Now all is not lost and you have the option to start fixing your credit. [more...]
Date: 2009-09-29 18:23:10
When you should use a credit repair agency.
Credit has become a very important part of peoples live in todays age. If you have bad credit you are familiar with having closed doors to loans, bank cards, credit cards, car financing and mortgages. Now all is not lost and you have the option to start fixing your credit. [more...]
Date: 2009-09-29 18:23:10
Bailout Gets More Costly Due to “Bipartisan” Deal; Foolish Limits on Foreclosure Should Be Removed
Liberal Congressional leaders have apparently reached a deal with the Bush Administration on the principal elements of a $700 billion bailout of the ... student loans, car loans, credit card debt and any other ‘troubled’ assets held by banks.” ... have stuck taxpayers with 100 percent of all losses on any bad loan or mortgage, but not the profits [more...]
Date: 2008-09-28 20:34:55
Why stop with capping payday loans? Banks are just as bad.
Obviously, banks have better lobbyists than payday lenders, why else can someone who has no problem charging $37 ... than $300, yet, credit card balances can be several thousand dollars. Which is worse, missing a payment on a credit card and having your interest rate go from that low intro rate of 15.9% to 29 [more...]
Date: 2008-06-07 13:02:45
When you should use a credit repair agency.
Credit has become a very important part of peoples live in todays age. If you have bad credit you are familiar with having closed doors to loans, bank cards, credit cards, car financing and... Writers Wanted: Join Our Blogging Community Today! [more...]
Date: 2009-09-28 18:57:28
Monday morning links
#fullpost{display:inline;}TOP STORIESFurther bank aid must include pay limits - ReutersU.S ... to Tolerate More Bad Loans, Relax Credit Rules - BloombergHOUSINGEconomic downturn pounds commercial real ... trading - BBCGM says could seek further U.S. loans - ReutersMARKETS/INVESTINGOil back below $40 - CNN [more...]
Date: 2009-01-12 14:13:00
UK Advance Bad Cash Credit Loan
by John Lonshot This article looks at the way banks exploit customers with NSF and overdraft fees. It contrasts this with the alternative of using fast online payday loan and proposes ... as certain to incur these fees. The FDIC study reinforces the payday loan industry’s position that short [more...]
Date: 2009-01-14 17:08:03
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
5 Ways to Save Money on Your Next Vehicle Loan
by Ada Denis Don’t get stuck with a bad car deal. Here are five ways to walk away from an auto dealership and save money on the vehicle loan. 1 ... an application with your personal bank, credit union, finance company, or online auto loan broker [more...]
Date: 2008-12-09 09:27:49
Afternoon Reading: Rethinking LTCM
Should the New York Fed have called together the big banks to recapitalize LTCM in 1998? ... threaten the global credit system. Bolstered by this sense of security, bad loans mushroomed.” Brad ... with protecting the fund’s creditors, our current problems might not be quite so bad…With the Long [more...]
Date: 2009-01-02 11:08:00
Afternoon Reading: Rethinking LTCM
Should the New York Fed have called together the big banks to recapitalize LTCM in 1998? ... threaten the global credit system. Bolstered by this sense of security, bad loans mushroomed.” Brad ... with protecting the fund’s creditors, our current problems might not be quite so bad…With the Long [more...]
Date: 2009-01-02 11:08:00
Bank of America nears government aid, Citigroup shares drop (Reuters)
WASHINGTON/NEW YORK (Reuters) – Bank of America Corp is on the cusp of receiving a government infusion to help it absorb Merrill Lynch & Co, ... to handle soaring credit losses. Both banks face mounting pressure from investors who question how well they can absorb an expected tidal wave of loans gone bad in a deep recession. More details [more...]
Date: 2009-01-16 02:26:43
OBAMA’S ‘ORGANIZER’ BUDS PUSHED FOR BAD MORTGAGES
O’S DANGEROUS PALS By STANLEY KURTZ, NY POST Chutzpah: ACORN’s drive to lower mortgage standards paved the way for the meltdown - yet last week, ... banks into making high-risk loans to customers with poor credit. In the name of fairness ... in mortgages to low-credit customers. In other words, community organizers help to undermine [more...]
Date: 2008-10-13 03:22:59
How to get credit moving, UK edition
We've had the SLS, the HM Treasury Credit Guarantee Scheme (CGS) ... the idea of 'bad bank' is being batted around, and is providing support for the share prices of Barclays, HBOS, Lloyds TSB and RBS, industry watchers are sceptical it will get loans to where they are most [more...]
Date: 2009-01-12 16:48:34
Mortgage rates slide under 5%
Rates on 30-year fixed-rate loans fell across the country for the week ended Thursday to an average of 4 ... Altman, a partner with WestCal Mortgage Corp. in Orange, said homebuyers with good credit and a 20% down ... brokers; could lay off 100 Bad bank assets must be dealt with, Fed chief says O.C. distressed homes [more...]
Date: 2009-01-15 22:02:07
Bank of America nears govt aid, Citigroup shares drop (Reuters)
WASHINGTON/NEW YORK (Reuters) – Bank of America Corp may receive a $15 billion government infusion to help absorb Merrill Lynch, ... to handle soaring credit losses. Both lenders face mounting pressure from investors that they can manage a surge in bad loans caused by a deep economic recession. The two companies will offer more details [more...]
Date: 2009-01-15 23:32:10
Badcreditloanshop.com
.fullpost{display:inline;}The most common problem is financial. same financial problems that contribute to this problem in the bad credit loans ... for you to secede from debt in bank and also credit card, requirement of house, health, insurance ... of your family. Eliminates taste is anxious about debt, with bad credit loan of all your requirement [more...]
Date: 2009-01-13 09:47:00
Bad credit mortgages
by Mary Bush A bad credit loan mortgage is a way of purchasing a house, even with a poor credit score ... Consolidation News Best Tips to Manage and Eliminate your Credit Card Debt ... interesting residential property acquisition program. No credit is needed, no banks are involved, and most [more...]
Date: 2008-12-22 16:39:25
Det Rattle, June 10 2008: Credit tightening across the board
Stoneleigh: Sorry the Debt Rattle is very late today. I have had very limited internet access this morning due to technical problems. I will be adding material through the day. Credit crisis expands, hitting all kinds of consumer loans The credit crisis triggered by bad home loans is spreading to other areas, forcing banks [more...]
Date: 2008-06-10 18:20:24
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