Bogus and Scam Credit Counseling Groups Become Target Of Florida Legal System

TALLAHASSEE, FL - Attorney General Bill McCollum today unveiled his office’s latest consumer protection initiative in the form of a coordinated ... , all of which were purportedly offering debt relief services including credit counseling, credit repair, debt management, and credit card rate reduction services. “As more Floridians facing financial [more...]

Date: 2008-10-21 05:39:01

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S&P's Puts Spanish Sovereign Debt On Ratings Watch Negative

bond+spreads+2.png - Spain yesterday became the third euro zone country within a week to be warned by rating agency Standard & Poor's that its credit rating (currently the highest - AAA) is under threat from the deterioration in public finances being produced by the government's attempt to support the banking system and put [more...]

Date: 2009-01-15 15:12:32

Mother-In-Law Research and JP Morgan

Those of you antique enough to remember Peter Lynch, ... a really bad day, and the financial system is looking a wee bit stresssed, the last thing most people ... it that Chase is being a complete jerk about sticking credit customers with rate hikes. That has become [more...]

Date: 2009-01-15 05:20:35

Totally Disconnected: US Government Risk, Ratings, Bonds and Equities

As part of his seemingly ongoing program to remove systemic risks within the financial and corporate matrix, ... ; Poor’s reiterated its “AAA” rating for the United States, credit default swaps spreads for 10-year [more...]

Date: 2009-01-14 06:52:43

Credit Markets Take a Beating

Credit markets are taking a battering today. The flight to riskier assets which began with the Federal Reserve announcement that the Federal Funds rate would remain at zero for the rest of our natural lives has paused and possibly reversed itself. There are several factors leading to the change of heart. The Home Loan System has its own set [more...]

Date: 2009-01-14 17:00:52

Spread Markets

Credit markets are taking a battering today. The flight to riskier assets which began at with the Federal Reserve announcement that the Federal Funds rate would remain at zero for the rest of our natural lives has paused and possibly reversed itself. There are several factors leading to the change of heart. The Home Loan System has its own [more...]

Date: 2009-01-14 15:50:40

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