Outsourcing Entrepreneur Admits Giant Accounting Fraud

SmartCompany: India’s business sector is reeling after revelations that the boss of outsourcing giant Satyam Computer Services has falsified the ... that $1.4 billion in cash and bank loans the company listed as assets on its balance sheet last September did not actually exist. Raju said in his letter that the fraud started off small but grew [more...]

Date: 2009-01-08 20:02:35

Blog posts (237) | Videos (46)
 

There is a good bank in there somewhere, get a shovel and look

Ronald Reagan is reputed to have excitedly said after confronting a pile of horse manure, “there’s a pony in there somewhere”! ... Act of 2008. Yeah, I know it is too late for that title now, but not too late for some of its ideas ... . I found mine on the sidewalk. The banks are full of loans that they do not know how to evaluate [more...]

Date: 2009-01-14 17:10:31

Fast Cash

Many people nowadays, especially because its the holidays, find themselves strapped for cash. My friend John had to take payday loans in order to pay off his debts. What he did ... track of his payable and its charging lesser interest rates than the bank. Anyway, loans or fast cash [more...]

Date: 2008-12-07 08:07:39

Get Your Bailout With Two Easy Pages

So just how tough is it for a bank to apply for a bailout? Not very: WASHINGTON - Ever need a college loan? ... the five-page Uniform Residential Loan Application. But what if you’re a bank looking for a few ... bailout plan in need of more accountability and oversight. "When student lenders and mortgage [more...]

Date: 2008-12-16 07:24:55

Someone at Credit Suisse has a wicked sense of humor

It really is a thing of beauty (via Bloomberg): Credit Suisse Group AG's investment bank has found a new way to reduce the risk of losses from ... bonuses. The bank will use leveraged loans and commercial mortgage- backed debt, some of the securities ... compensation packages, people familiar with the matter said. The new policy applies only to managin [more...]

Date: 2008-12-18 22:08:35

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

U.S. Government Has Bought into 9 Major U.S. Banks

Finally, leadership! Every commentator has whined for it. Every investor has pined for it. Every politician has inclined towards it ... into 9 major U.S. banks. Hundreds of billions in loans, giveaways, bribes and trash collection ... , but the math is a little funny anyway. France is putting up 360 billion euros. Germany tossed a half [more...]

Date: 2008-10-15 03:16:35

From The INBOX: We Deserve It Dividend - Update: That’s Why We’re Not All Economists

Update: Sounded way too good to be true. A dedicated reader just called to point out the person is using the same calculator that Fannie, Freddi, ... for college – it’ll be there    Save in a bank – create money to loan to entrepreneurs.    Buy a new car – create jobs    Invest in the market – capital drives growth    Pay for your parent’ [more...]

Date: 2008-09-23 18:15:49

My Bad Experience of Applying Private Student Loan

I didn’t enter to local university to further my study last time, ... . At that time, I have to get the private student loan from bank because my family has financial problem ... ’t apply for private student loan and we borrowed some money from my mother’s sister. This is bad [more...]

Date: 2008-10-16 03:54:12

Realogy Now on Endangered List

A: Realogy was taken private by Apollo Management in a $6.6Bln LBO, from NRT last year. Talk about ill timing ... of its bank loans and is trying to swap $1.1 billion of bonds for new debt at a discount. A default does ... to negotiate new debt terms with their creditors. But with so many defaults looming, experts warn [more...]

Date: 2008-11-19 14:23:28

Federal Home Loan Bank of Seattle Suspends Dividend

The FHLBs are probably about to become a huge story. From Bloomberg: Seattle FHLB Likely Short of Capital on Mortgage Debt (hat tip Brian) ... and “excess” stock repurchases, after the declining value of mortgage bonds likely led ... with the U.S. Securities and Exchange Commission today. ... The FHLB system has $1.25 trillion of debt, making [more...]

Date: 2009-01-13 16:19:46

How to Deleverage Balance Sheets

Bouncing around trading desks: Credit Suisse is using a novel approach to deleverage its balance sheet…using its illiquid assets to pay bonuses; ... its real! Credit Suisse Group AG’s investment bank has found a new way to reduce the risk of losses ... bonuses. The bank will use leveraged loans and commercial mortgage- backed debt [more...]

Date: 2008-12-18 19:00:02

RealtyTrac Foreclosure Activity Report Released: Laws and Programs to Prevent Foreclosures Ineffective

Irvine, California-based online real estate company, RealtyTrac, ... on "cramdown" legislation affecting bankruptcy judges' powers regarding mortgage loan modifications ... percent in 2008 Bankruptcy Cramdown Mortgage Loan Modification? Key Banks Approve Possible Legislation [more...]

Date: 2009-01-15 22:24:28

Small Commercial Mortgages - Current Options

Small Commercial Mortgages - Current Options Posted by Dark Spider at January 4, ... fixed with 20 year amortization type loan structures. For example, there are still banks and lenders ... and can be more work than larger commercial loan request, with the bigger pay day. So if you’re [more...]

Date: 2009-01-04 12:07:27

The Green shoots Baroness is a disaster for what she does more than for what she says

The Opposition will continue to remind people of the insensitive remarks of Baroness Vadera, ... , private equity injections, demergers and other methods of challenging and changing management ... into base metal. Why on earth didn’t she suggest short term Bank of England loans against security [more...]

Date: 2009-01-15 10:36:43

Daily News Roundup - Jan 15 2009

Price Waterhouse has said its audit report for Satyam should not be relied upon. (BS)Fitch has downgraded Unitech’s Rs44bn long-term debt to ‘B’ from ‘BBB’ earlier, and Rs12bn short-term debt and bank loans to ‘F4’ from ‘F3’. (BS)Omaxe is in talks with five banks for rescheduling [more...]

Date: 2009-01-15 04:13:00

Seattle Bank CEO: Capital Deficiency ‘Overstates’ Risk

Seattle Federal Home Loan Bank (FHLB) president and CEO Richard Riccobono on Monday distributed a letter to its members acknowledging the bank will likely report a failure to meet risk-based capital [more...]

Date: 2009-01-14 16:08:57

US Interest Rates Zero to 0.25% and soon 4.5% US mortgages

Hale Bonddad Steward at Huffington Post has a lot of charts that show the bad financial situation ... to refinance a mortgage at 4.5%. The Fed and the Treasury appear ready to start buying up large quantities of securities -- government debt, mortgages, commercial loans, even stocks -- from banks [more...]

Date: 2008-12-16 20:29:22

Make Money At Home - The Information One Must Learn

For a secure business as well as for a developing one, to have an affordable debt can be a good factor. There is nothing wrong with taking a credit for setting up or developing an own business. Remember that for any business to prosper it is almost always needed money investments and hence you do not have to be shy of coming to a bank or to a close friend for a loan. The only idea of having someone`s money gives chills along the back of many people and this fear is irrational. [more...]

Date: 2009-09-24 07:36:51

The Stimulus and the Somme

Mark Thoma gives us Joseph Stiglitz and Martin Feldstein being interviewed by Charlie Rose ... . At one point, Stiglitz says that banks may be postponing writing down loans because they are waiting ... advancing over open fields. My guess is that in 1916, anyone who doubted his own ability to direct [more...]

Date: 2009-01-09 18:32:05

Find Out More Information About Make Money At Home inside this Blog Post

For a secure business as well as for a developing one, to have an affordable debt can be a good factor. There is nothing wrong with taking a credit for setting up or developing an own business. Remember that for any business to prosper it is almost always needed money investments and hence you do not have to be shy of coming to a bank or to a close friend for a loan. The only idea of having someone`s money gives chills along the back of many people and this fear is irrational. [more...]

Date: 2009-09-21 13:07:37

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

Need Materials About Make Money At Home – Read This

For a secure business as well as for a developing one, to have an affordable debt can be a good factor. There is nothing wrong with taking a credit for setting up or developing an own business. Remember that for any business to prosper it is almost always needed money investments and hence you do not have to be shy of coming to a bank or to a close friend for a loan. The only idea of having someone`s money gives chills along the back of many people and this fear is irrational. [more...]

Date: 2009-09-23 09:09:25

Make Money At Home – The Information You Must Know About

For a secure business as well as for a developing one, to have an affordable debt can be a good factor. There is nothing wrong with taking a credit for setting up or developing an own business. Remember that for any business to prosper it is almost always needed money investments and hence you do not have to be shy of coming to a bank or to a close friend for a loan. The only idea of having someone`s money gives chills along the back of many people and this fear is irrational. [more...]

Date: 2009-09-26 08:04:20

Jefferson had the Louisiana Purchase

A student alerts me to this story: Iceland for sale on eBay LONDON (Reuters) - Great scenery and wildlife but financial situation in need of repair -- collect in person. Iceland, which is going cap in hand to Russia for a 4 billion euro loan to bail out its failed banks [more...]

Date: 2008-10-10 20:56:13

Get More Information About Make Money At Home in this Blog Publication

For a secure business as well as for a developing one, to have an affordable debt can be a good factor. There is nothing wrong with taking a credit for setting up or developing an own business. Remember that for any business to prosper it is almost always needed money investments and hence you do not have to be shy of coming to a bank or to a close friend for a loan. The only idea of having someone`s money gives chills along the back of many people and this fear is irrational. [more...]

Date: 2009-09-25 01:37:15

Pernicious Nonsense

(updated below) The emerging right wing narrative about how our country came to be embroiled in the current economic crisis is not only completely ... Reinvestment Act, they punished banks that didn't make enough loans to people who do not have the credit [more...]

Date: 2008-10-02 22:03:39

Looking for Tips About Make Money At Home – Check this Publication

For a secure business as well as for a developing one, to have an affordable debt can be a good factor. There is nothing wrong with taking a credit for setting up or developing an own business. Remember that for any business to prosper it is almost always needed money investments and hence you do not have to be shy of coming to a bank or to a close friend for a loan. The only idea of having someone`s money gives chills along the back of many people and this fear is irrational. [more...]

Date: 2009-09-22 17:02:27

Mint.com iPhone App: Putting Money in your Pocket in Time for the Holidays

We’re proud to announce that our iPhone application launched today. If you’re a Mint ... Mint.com account, sign up now. Add your bank, credit card, loans and investment accounts ... . Discover the comfort and joy of having access to your financial information anywhere, anytime — [more...]

Date: 2008-12-20 01:21:08

Things I Learned When I Refinanced My Home

Some days I feel like a home refinancing expert. I’ve refinanced my home twice in the last three years to take advantage of attractive interest ... , I called my local banks, credit unions, and savings and loan companies. I also checked interest rates ... to the interest rates on many credit cards. In addition to looking for a lower interest rate, people [more...]

Date: 2009-01-15 01:31:07

What To Do If You Are Refused A Personal Loan

It has become increasingly difficult for individuals to be accepted for personal loans or other form of credit, as banks, ... and repair their credit record, giving them a better chance of success in three months time, when they re ... been accepted for credit in the past, are now finding that they are being rejected when they apply [more...]

Date: 2009-01-05 16:55:20

Sweet December

Sweet December My Dominican co-workers wore sweaters to work when temperature fell below 70 degrees in December ... outside the Hato Mayor office: these bank members finished a loan in December and took out another ... International, offices in El Seibo and Hato Mayor recently worked through a large number of loan cycle renewals [more...]

Date: 2009-01-14 16:46:51

No Bank Account? Big Problem

A look at people living outside our financial system. no bank account, check cashing store, payday loans ... be waiting to rob them of the hard-earned cash. Still other fast growing businesses offer to loan them money — normally no more than $500 — in advance of payday. In this case, the fees are exorbitant [more...]

Date: 2008-08-24 14:54:23

The long exhausting slog towards Home Ownership (TM)! continues.

Dead cat house update. Sellers "offered" last week to "let" us have half of the $5k sitting in escrow. They "only want $2500 ... , but now that the banks are all refusing to fucking loan money, apparently even those of us with VA ... that that's the entire point of the VA loan program, and the government guarantees the goddamn loan in the first place [more...]

Date: 2008-12-08 00:58:00

Michael Jackson Rents Mansion For $100,000 A Month

For years now, The King Of Pop has been the subject of rumors concerning his finances ... his Neverland ranch and that he was heavily in debt to several banks that had called in his loans ... confidentiality agreement, and the singer is understood to have already stayed in his new abode [more...]

Date: 2008-12-24 13:22:20

Increasingly Desperate Arguments Against Student Loan Reform

Newsweek has published a mini-debate (the “Student Loan Smackdown”) between for-profit bank representative John Dean and myself, on the subject of whether Congress should pass President Obama’s plan to redirect $87 billion in lucrative subsidies for for-profit banks to Pell grants and other worthy causes. [more...]

Date: 2009-09-29 13:58:57

Discover Now Important Knowledge - Loan Basics

A loan is a type of debt and refers to one involving a cash sum paid to the borrower by the lender ... people. Anyway this article is dealing with those of a financial nature. Unlike other types of loan ... to the property until the debt is paid back in full. Defaulting on a loan like this means that the bank [more...]

Date: 2009-01-03 14:23:35

Roland Burris is Blagojevich Senate Appointee

Roland Burris is the former Illinois Attorney General that Illinois Governor Rod R ... University Carbondale. He then was an exchange student and studied International Law at the University ... guaranteed loans and minority business banking. From 1973 to 1977, he was appointed by Illinois [more...]

Date: 2008-12-30 20:07:35

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

Sub-prime Crisis: What is it all about?

Sub-prime crisis is the current financial crisis (considered as the worst ever since World War II) ... have enough cash and liquidity to survive to pay back the loan; thus, affecting the critical inter-banking ... , assume a particular U.S. depository institution, in the normal course of business, issues a loan [more...]

Date: 2008-10-22 18:38:00

Student Loan Companies Agree to "Code of Conduct"

2008_09_stlean.jpg Attorney General Andrew Cuomo has made misleading practices in the student loan industry one of his major issues (see the AG's info on student lending), and yesterday he announced seven companies will follow a "code of conduct for their marketing". Campus Door, EduGap, GMAC Bank, Graduate Loan Associates, Nelnet [more...]

Date: 2008-09-10 14:00:11

Do you want to purchase a new flat screen and postulate 10000 dollar

A moneylender in East Providence Rhode Island or so can have a total different actual rate for a 5000 dollar money loan then a merchant bank in ... nooit zo eenvoudig geweest. Haal snel een andere auto met bkr toetsing zonder lenen, 232653 euro ... that offers you a credit loan. That’s the reason why now you need to investigate and experience [more...]

Date: 2009-01-15 21:18:31

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

The End of White America?

The Atlantic's Special State of the Union Issue is chock full of interesting racial analysis, first and foremost, Hua Hsu's " ... and easier-to-acquire bank loans, for example--tend to undercut any sympathy that this sense [more...]

Date: 2009-01-15 20:22:06

ACORN, Obama, and the BANKING MELTDOWN

The origins of the Banking Mess can be found in the Community Reinvestment Act ... intimidate banks into making high-risk loans to customers with poor credit. In the name ... of millions of dollars in mortgages to low-credit customers. In other words, community organizers help [more...]

Date: 2008-09-29 11:01:37

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

Economy & Finance

Economy & Finance 14-Jan-09 Stocks tumble on disappointing retail sales NEW YORK - Wall Street extended its 2009 retreat Wednesday, ... loans to investment banking — with Tuesday’s announcement that it was merging its Smith Barney [more...]

Date: 2009-01-14 19:40:45

Seattle FHLB Likely Short of Capital on Mortgage Debt (Update3)

By Jody Shenn Jan. 13 (Bloomberg) -- The Federal Home Loan Bank of Seattle said it will suspend dividends and “excess” stock repurchases, ... of about $1 trillion in financing for Citigroup Inc., JPMorgan Chase & Co. and other companies [more...]

Date: 2009-01-13 21:23:00

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

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