Herman Daly: The Disconnection Between Financial Assets and Real Asssets

This is a repost of Herman Daly's comments on the credit crisis from October 13 of this year. The original post and comments can be viewed here ... . This is because the debt is worth much less, not because there is not enough money or credit ... on it in the amount of future debt. The value of present real wealth is no longer sufficient to serve [more...]

Date: 2008-12-25 12:46:44

Blog posts (149) | Videos (104)
 

The Crisis and the Policy Response - Benanke

SpeechChairman Ben S. BernankeAt the Stamp Lecture, London School of Economics, London, EnglandJanuary 13, ... on many financial institutions and shook investor confidence in credit markets. However, although ... one aspect of a much larger and more encompassing credit boom whose impact transcended the mortgage [more...]

Date: 2009-01-14 14:16:00

.Busy weekend again.

.Busy weekend again. Friday, 16 January 2009 @ 1:42 A concerned Monarch ... to solve this problem. One of His Majesty’s vision is to target zero poverty in Brunei Darussalam ... (the group that forms the “core” of the poor community) and including those in debt, have fulfilled [more...]

Date: 2009-01-15 17:42:43

Your Credit History: What Gets Reported And What Does Not

A credit report is a document that outlines your financial status, specifically your credit history ... or application for a credit card or insurance beyond $150,000 and unpaid tax liens. Information from public ... years. Certain records do not appear. Debt records more than seven years old and bankruptcy records [more...]

Date: 2009-01-15 07:27:56

A Credit Query

Photo by MENE TEKEL I have a credit card that I haven’t used in a long time ... that this credit card account hasn’t been used for at least 24 months. We believe this may indicate ... credit available, and therefore less ability to go into debt. C) It will go down, because my balance [more...]

Date: 2009-01-09 02:28:51

Incidental #903

GIVEN THE TRADITIONAL ETHNOHISTORICAL CONNEXIONS BETWEEN MINNESOTA AND NORWAY, I THOUGHT YOU MAY FIND INTERESTING THIS VIRAL VIDEO showing, ... . Almost all their actions brought about the law of unintended consequences. The goal of model cities [more...]

Date: 2009-01-08 22:18:47

New Credit Card Rules and Regulations - The Good and The Bad

Note: The New Credit Card Rules Do Not Go Into Effect Until July 1, 2010 These days, it seems like whenever there’s a good thing going or some attractive opportunity for pecuniary gain or profit, the masses ultimately swarm the offer like locusts until they’ve completely ruined it for everyone else [more...]

Date: 2008-12-25 03:28:28

The Pain Continues For Victims Of Identity Theft

by Darren Cason A person that becomes a victim of identity theft is a victim for life. This is because no matter how often the law reassures you that they are trying to fix the problem ... the crimes! When I informed the credit bureaus of my dilemma, they made no attempt to remove the charges [more...]

Date: 2009-01-14 09:03:24

US Consumers $1 Trillion in Credit Card Debt

I tell you, the more I read about the antics of credit card companies (jacking up interest rates, etc) ... of how many debt collection companies are abusing consumers makes me cringe. I’ve walked in those abused ... consumers to the unscrupulous and minimally regulated world of debt collection. Credit card companies [more...]

Date: 2009-01-14 07:45:57

CompuCredit must "Comp You Cash"

$114 million refund in pipeline for subprime credit card users - Action Line - MiamiHerald ... Capital Systems, a debt collection company wholly owned by CompuCredit, engaged in deceptive conduct in marketing credit cards as part of its debt collection activities and engaged in abusive practices [more...]

Date: 2009-01-11 02:15:00

Friday Digest - Vol. 09 No. 01

Friday Digest — Vol. 09 No. 019 January 2009THE FOUNDATION"A Constitution of Government once changed from Freedom, can never be restored. Liberty, once lost, is lost forever." --John AdamsPATRIOT PERSPECTIVE2008 in review: Top questions Barack Obama did not answerBy Mark AlexanderPerhaps you've noticed an abundance of "Top Ten" [more...]

Date: 2009-01-09 16:19:00

An Agenda of Equal Opportunity: The New Contract with America?

Today's style section in the Washington Post features newly minted House Minority Whip, Congressman Eric Cantor ... : McCain Health Tax Credit = Good Idea; McCain's Explanation of His Plan = Terrible. Like Newt Gingrich's [more...]

Date: 2008-12-11 21:29:30

Chief of fraud-hit Indian IT firm Satyam arrested - AFP

▼ 10-01, 04:51 419legal General Fraud News Newest Members Top Posters Top Referrers WayToGo 10-01 echo1 10-01 Violet 10-01 ... Briggs Home Scam Type BurnLounge Scam Carlton Sheets Scam Dallas Puppy Scam Debt Elimination Scams Ebay Scam Emails Scams Gift Card Scam Greatest Vitamin in the World Scam Internet Scams [more...]

Date: 2009-01-10 04:51:58

Deregulation Japan-style: on the (local) grog

Author: Luke Nottage (with thanks to Ichiro Araki) ... of much accumulated government debt. The country was then hit by the collapse of its export markets ... , evident in product safety or consumer credit re-regulation. On the other hand, deregulation [more...]

Date: 2009-01-15 05:00:05

Loans - Debt Management for Personal Loans

by Peter Hagen Personal loans can offer individuals a way to have the funds for an array of uses ... with personal loans is debt consolidation. Within a year most people who use personal loans ... the financial obligation that comes with individualized loans. Too often, individuals access money quickly [more...]

Date: 2009-01-15 15:54:49

Obama’s Wall Street Buddies

There is no way Wall Street was going to let a new President preside over sweeping changes in the financial industry without making its presence ... relationships. He advised Citigroup on its $6 billion acquisition of Sears’ credit card unit in 2003 [more...]

Date: 2009-01-09 19:53:00

Obama and the World Crisis by Richard C. Cook

December 7, 2008 — dandelionsalad by Richard C. Cook featured writerDandelion Saladrichardccook.com December 7, 2008 We Hold These Truths by Richard C. Cook Originally uploaded by Lorri37 Even as preparations are underway for Barack Obama to assume office as the 44th president of the United States on January 20, the U.S [more...]

Date: 2008-12-08 03:53:20

Media & Politics (one section only today)

Media & Politics (one section only today) 08-Jan-09 Permanent link to MTA daily media news Class Warfare (by Susie at Suburban Guerrilla) rom Daily Kos…: “If the lines had continued to track closely together as they did prior to the 1970s, the MINIMUM WAGE would be more than $19 an hour. THE MINIMUM WAGE!!! [more...]

Date: 2009-01-08 19:07:20

New York Times Blames Housing and Financial Crisis on Bush

UPDATE AT END OF POST: White House issues statement concerning "Irresponsible Reporting by New York Times." It's official: the housing and financial crisis gripping the nation is President George W. Bush's fault. So said the New York Times Sunday in a 4900-word, front page hit piece entitled " [more...]

Date: 2008-12-21 19:37:01

U.S. mortgage meltdown linked to 2005 bankruptcy law

U.S. mortgage meltdown linked to 2005 bankruptcy law By DAN MARGOLIES The Kansas City Star There’s no shortage of blame for the mortgage crisis ... file bankruptcy and get rid of their credit card debt, and that would free up income to pay ... paying credit card debt, which makes it harder than [more...]

Date: 2009-01-13 15:34:15

Why Even Good Credit Might Get Cut

(Photo: Dan Esparza) You can afford your mortgage, you have a high credit score and you pay your bills on time every month ... individuals account, as a form of loss mitigation. The problem this poses for many travelers [more...]

Date: 2009-01-16 02:35:39

suspend the required minimum distribution (RMD) for 2009 (the Senate has since voted in support of this measure). Today I thought I’d spend a bit of time explaining exactly what the RMD is for those that aren’t familiar with the term. What is a Required Minimum Distribution? [more...]

Date: 2008-12-11 16:10:53

RESOLUTIONS

RESOLUTIONS J. Crofthttp://freedomguide.blogspot.comIt’s a New Year as I type this. Another year the forces of evil have triumphed ... financial system credit(debt financing) halts and the real economy has been all but shut down… what’ [more...]

Date: 2009-01-13 17:55:00

Credit and debt consolidation

Quit trying to manage all this debt on your own, get the help you need to make life a little more livable ... that a person has like lower your bills, credit card debt, and car or mortgage loans and pay them off ... that a person has like medical bill debt, credit card debt, and car or mortgage loans and pay them off [more...]

Date: 2009-01-14 03:50:53

Right of entry removed by New Labour: Tribunals, Courts and Enforcement Bill

Compare our old Rights with what Labour are planning. first up the past:linkIn 1760, William Pitt (the Elder) made a famous declaration of this right ... contained a power to force entry in connection with unpaid fines imposed for criminal offences [more...]

Date: 2009-01-12 11:04:00

Bankruptcy To Include Mortgages? Possibly In The Future

The current system has HELOCs pitted against VISAs. And VISA is winning ... of foreclosures lenders are already being pitted against lenders. The credit card companies ... and credit-card loans, according to Keefe, Bruyette & Woods. ...Bankruptcy reform legislation has "increased [more...]

Date: 2009-01-13 13:34:00

GOPUSA ILLINOIS Daily Clips - January 6, 2009

Articles of interest to Illinois Republicans recently posted by ABC7, NBC5, CBS2, Chicago Tribune, Chicago Sun-Times, Crain's Chicago Business, Daily Herald, Suburban Chicago News, Suburban Life, Pioneer Local, Southtown Star, Rockford Register Star, Bloomington Pantagraph, Peoria Journal Star, Springfield State Journal Register, [more...]

Date: 2009-01-06 14:05:29

Three Legislative Proposals That Could Have Major Consequences for Your Finances

J.D. is on vacation. This guest post comes from DR of The Dough Roller, a money management blog ... that is quietly pending in Congress. Ranging from credit card reform to foreclosure assistance [more...]

Date: 2008-12-18 13:00:42

The Basics of Banking Explained

This is the first edition of our Personal Finance Foundation Series where I discuss the very basics of foundation-type personal finance topics. The topic of this post is Banking. I was fortunate that my first real experience with banking was with a local credit union [more...]

Date: 2009-01-12 12:18:50

CIS Nationwide: Be Your Own Private Investigator

Find out how anyone can find out about you -- and more importantly -- how you can find out about anyone. CIS Nationwide used by private investigators on a variety of tasks and reasons offers services to consumers. Save yourself some time and money and do your public records search yourself [more...]

Date: 2009-01-07 21:03:14

Stupid As

Queue Marilyn Manson's Beautiful PeopleYou gotta wonder wtf goes through people's minds sometimes..HARPERSVILLE, Ala ... in the plane... duhSchrenker was on the run not only from the law but from divorce, a state investigation [more...]

Date: 2009-01-14 06:24:00

Weekly Economic Potpourri November 29, 2008

Every week there are a numerous headlines that are worthy of mentioning but I simply run out of time ... owner Taubman Centers Inc., offered a $20 gift card voucher to the first 2,008 vehicles travelling [more...]

Date: 2008-11-29 18:46:00

Midwest Voice: US Economy: Greedy credit card companies and Congress created a financial disaster - by Yael T. Abouhalkah

For the complete report from the Midwest Voices click on this link US Economy: ... act, people could file for Chapter 7 bankruptcy, which erased unsecured debt such as credit card ... Greedy credit card companies and Congress created a financial disaster - by Yael T. Abouhalkah [more...]

Date: 2009-01-14 14:45:43

The GOLD HAS BEEN STOLEN by neocons: NO METAL BACKED DOLLARS....Weimer fiat dollars...trouble all the way.

http://www.mi2g.com/cgi/mi2g/frameset.php?pageid=http%3A//www.mi2g.com/cgi/mi2g/press/231208.phpNOTE: CLICK BLOGPOST TITLE ABOVE TO SEE GRAPHICS, CHARTS...Beyond The Tipping Point: Setting the Stage for Weimar?Metamorphosis in 2009/2010London, UK - 23rd December 2008, 02:19 GMT Dear ATCA Open & Philanthropia Friends.. [more...]

Date: 2009-01-14 20:14:00

First 10 Senate Bills Of The 111th Congress

First 10 Senate Bills Of The 111th Congress January 7, 2009, 9:46 AM Filed under: Economics, Energy, Environment, Government, Health Care, ... , provide tax relief, and protect those in greatest need, and for other purposes.” The stimulus bill [more...]

Date: 2009-01-07 14:46:21

The Carnival of Debt Reduction #170

debt1 Welcome to the Carnival of Debt Reduction #170 ... at Need Extra Cash?. Credit Shout presents Balance Transfer Options for Credit Card Consolidation posted at CreditShout. TCT presents Do Consolidation Loans Affect Your Beacon Score? posted [more...]

Date: 2008-12-15 13:00:18

Welcome to the Wal-Mart Society: Why Republicans Want Automakers to Fail

Republican members of Congress who think autoworkers have "Cadillac" ... to sustain their consumption while their paychecks stagnated, while they piled on increasingly more debt [more...]

Date: 2008-12-22 17:33:25

Why Even Good Credit Might Get Cut

Why Even Good Credit Might Get Cut Posted on January 15, 2009 (0) Comments (Photo: Dan Esparza) ... individuals account, as a form of loss mitigation. The problem this poses for many travelers [more...]

Date: 2009-01-16 02:35:39

Consumer civilization collapses. Now it's all up to MAKE magazine!

http://blog.makezine.com/archive/2008/12/remake_the_world.html? ... was that the credit-card-driven, debt-ridden, pay-later economy wasn't sustainable. Not economically [more...]

Date: 2008-12-13 11:54:01

Ugly: Behold The First Ten Bills Of The 111th Congress

Ugly: S.1—American Recovery and Reinvestment Act of 2009 ... educational opportunities, preserve and improve affordable health care, provide tax relief, and protect those [more...]

Date: 2009-01-07 04:12:25

D. Other Publishers

A number of publications from non-Nolo publishers have a wealth of information beyond what is in this book. The Ultimate Credit Handbook, by Gerri Detweiler (Plume Books), covers everything you’d want to know about credit ratings, credit cards, completing credit applications, protecting your credit privacy and many other topics. Surviving Debt: A Guide for Consumers, by National Consumer Law Center. NCLC is a nonprofit organization that normally publishes books to assist lawyers. [more...]

Date: 2009-09-24 02:03:01

How to Get Credit Card Debt Collectors to Focus Their Energy Elsewhere

Most of those people who cannot afford to pay their monthly minimum credit card payment become potential victims of the consumer debt collection industry. However, a growing number of consumers have found a law to protect themselves against credit card debt collectors. [more...]

Date: 2009-09-26 12:39:41

Foreclosures linked to 2005 Bankruptcy Reform law

For those readers not familiar with the Bankruptcy Abuse Prevention and Consumer Protection Act ("BAPCA"), prior to October of 2005, unsecured debt ( ... of their credit card debt, and that would free up income to pay the mortgage. The new law blocks that escape route and forces better-off household to continue paying credit card debt, which makes [more...]

Date: 2009-01-13 16:03:13

Good Credit Report Score

Good Credit Report Score December 20th, 2008 Subscribe To Our Feed Bankruptcy is an option but the laws have changed and it is not always the ... what you are getting yourself into. Credit card debt consolidation companies must be of concern ... there are some ways of credit card debt relief. There are no instantaneous solutions [more...]

Date: 2008-12-20 06:19:18

So it begins with garnishment law

The first step was to pick a field and then to pick a very specific topic ... research and interpretation, bankruptcy law, multiple state jurisdictions, Federal preemption, debt ... . The field I selected was “credit card debt” contained within the general legal domain. “Credit [more...]

Date: 2009-01-06 19:07:34

Dems: New Credit Card Regs Are No Substitute for Legislation

After months of proposals, arguments, hearings and public comments, ... sooner to protect American consumers by giving credit card protections the permanence and force of law ... card practices that mire families in debt. Legislation is needed to stop abuses such as charging [more...]

Date: 2008-12-18 21:12:36

Shamed solicitor faces jail for taking from pensioner’s will

By Michael MacLeod A DISGRACED former lawyer who took almost half-a-million pounds from a dead pensioner’s will used the cash to pay off his own debts. Michael Karus, 48, embezzled £413,052.81 while acting as the executor of the estate of the late Edith Hampton, who died aged 89 in 2003. It emerged yesterday in court that he used the former teacher’s cash to settle debts in his own law and property firms and even paid off a personal credit card debt. [more...]

Date: 2009-09-28 17:11:34

Protect Insurance Companies PSA

Will Ferrell, Jon Hamm and a few other Hollywood celebrities got together and put together this PSA explaining why it’s important for Americans to protect the big insurance companies.   These Guys Are Some Rich Dicks New Credit Card Laws Dow Joes - He'll Put You In Debt Online Q&A With Will Ferrell Will Ferrell Fights With A Bat Padded Light Posts - Protecting Bodies Not Smart Enough To Protect Themselves [more...]

Date: 2009-09-22 16:00:09

CITI Drops Opposition to Cramdown; May Help Homeowners to Avoid Foreclosure

Citigroup and key Senate members reached an agreement on Thursday that will bring the Helping Families Save Their Homes in Bankruptcy Act one step ... can be reduced by the court including credit card debt and, ironically, mortgage debt on vacation homes ... closer to passage. The proposed law, introduced by Senator Durbin (D-IL) in the Senate and Rep [more...]

Date: 2009-01-11 15:27:40

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