debt problem : MortgageNewsClips: Is The Fed Done?, Awesome Map, AARP 625k HECM, Banks Hoarding?, Muni Market, Bernanke, Warming Up, Fed High Wire, PMI Report, Ira Has 3 (blog)

MortgageNewsClips: Is The Fed Done?, Awesome Map, AARP 625k HECM, Banks Hoarding?, Muni Market, Bernanke, Warming Up, Fed High Wire, PMI Report, Ira Has 3

VIDEO: Monetary Policy with Zero Interest Rates: Is the Fed Done? ... that banks are hoarding capital. There’s just one problem: they’re not. Gary Townsend explains ... paper - Data provider Dealogic says global sales of corporate debt surged to $82 billion last week [more...]

Date: 2009-01-16 01:21:57

Blog posts (676) | Videos (142)

One Life - The Financial Life

I was out of town last weekend so I missed church at VCC, but was able finally catch up on the Internet last night ... of the time I worry when my plan for my money doesn’t work out the way I want it to. There is my problem ... . Honestly, I get impatient because we are working very hard at digging ourselves out of debt. I want [more...]

Date: 2009-01-15 15:45:58

Midway Games Financial Woes Worsen

Midway Games, who have had some well documented financial problems in the last several months, ... affect as a Lazarus Pit), to try to help them get out of their latest problem. The company, which was just sold off for $100,000 and a whole bunch of debt, is now being told it’s about to default [more...]

Date: 2008-12-05 18:21:20

Government to gamble on high tech industry

Paul Waugh has picked up something that cam across during PMQ's this morning ... so that they can transfer debt into equity."What will this mean? says Paul and his conclusion is rather worrying.The big problem facing this new attempt to buy shares in hi-tech firms [more...]

Date: 2009-01-14 15:53:00

Condos at The Grove

The Grove still has 5 units for sale that have been sitting on the market for months ... ratings. One problem. Wells Fargo was downgraded by S&amp;P on December 19th and by Moody’ ... senior debt ratings by two notches to "Aa3," or the fourth-highest investment grade, and said [more...]

Date: 2009-01-15 06:59:08

Impact of Credit Crisis on the Energy Industry - Where Are We Now?

I recently looked through news articles to see which energy sectors were being affected by the credit crisis ... related problems. One is reduced access to credit, making new borrowing difficult for nearly every business that requires debt. Prices for all commodities have been dropping as well. At least part [more...]

Date: 2008-11-30 13:00:54

Financial Forecast for 2009, Considering Resource Limitations

In this post, I consider some major issues contributing to our current financial problems, before making a financial forecast for 2009. These are 1 ... from the bottom: Layer 1. Household Debt (Mortgages, auto loans, credit card debt, student loans ... debt-based financial system operating. 3. Where we are now, and the role reduced resources [more...]

Date: 2009-01-06 15:10:32

Home Values Drop $2 Trillion in ‘08

As we all know, no sector of the economy has been hit by the recession as hard as the housing market ... in a home loan is a major problem. If you need to sell your home but can’t sell it at a price ... with more debt than assets. But finding a solution will undoubtedly be a focus for the new administration. [more...]

Date: 2008-12-15 15:57:55

Dicing With Debt

Dicing With Debt Posted in January 15th, 2009 Category:Debt Relief Britons are taking on record levels of mortgage and credit card debt, with figures released last year showing that UK personal debts far out weigh that of our European neighbours. For those in need of help with financial problems then the Citizens Advice Bureau [more...]

Date: 2009-01-15 07:42:47

Thank You Thursdays: Silver Lining of the Economic Downturn

I've been reading so much lately about lay offs and bail outs and the general state of panic everyone seems to be in ( ... and forces us, as a country, to face our own problem with greed that leads to so much inequality. 2. Thank ... that the explosion of storage spaces, consumer debt, and existential angst are not disconnected [more...]

Date: 2009-01-15 17:46:27

Americans Look to Web Instead of Print for News

A recent study conducted by the Pew Research Center, an independent opinion research group based in Washington DC, ... . With the Tribune declaring bankruptcy under $13 billion in debt earlier this month ... Sreenivasan, a new media professor at Columbia Journalism School in New York, said: “The problem [more...]

Date: 2009-01-02 14:00:27

White House Considering “Orderly Bankruptcy” for U.S. Automakers

From AP: President George W. Bush answers a question during a meeting of the American Enterprise Institute, a conservative think tank, ... is the best way to work through credit and debt and restructuring,” Bush said of the U.S. auto industry at AEI. “These aren’t normal circumstances. That’s the problem.” From White House Press [more...]

Date: 2008-12-18 20:34:33

What The Hell Is Leveraging? [Leveraging]

Leverage leverage leverage. Everyone's talking about it, but what does it mean? Basically it's a fancy word for debt, and companies can use that money to go buy more stuff ... securities then you've got a problem. Or, as Paddy Hirsch learns us in his latest whiteboard explainer [more...]

Date: 2008-12-09 23:35:32

About as funny as anything gets these days.

About as funny as anything gets these days. You can’t have your money back, but you can have the crap we bought with it: ... in complex debt ins-truments, had about $10bn (€7.6bn) under management last year. But losses ... This could be a problem for endowments that have little or no capability to hedge, trade or sell [more...]

Date: 2009-01-14 17:47:26

The current economy situation

What is going on with the economy and the bail outs? Ok, I would explain it so that a high school kid could understand ... . As long as the $90 debt is producing $90 value in due time, the system is balanced, and without inflation. Now here is the problem. Due to the housing bubble, our banks now have only $5 left [more...]

Date: 2009-01-16 03:19:22

Girls Just Wanna Have Funds - Top 50 Get Out of Debt Blogs To Watch In 2009

... as one of The Top 50 Get Out of Debt Blogs To Watch In 2009!!! Feel free to go over and take a gander ... : We Have A Problem Aldi: Cheap Thrills And Even Cheaper Groceries 4 Ways I Hacked $1300 From Our Budget [more...]

Date: 2009-01-14 20:27:38

Flotsam and Jetsam

I agree with the wish list of Meet The Press regulars who should retire, but is Ruth Marcus really a new face to shake things up? ... The Washington Post editors spot the key problem with the car bailout: “A weakness of the proposal, however ... can ensure their viability unless creditors convert much of their debt to equity — and the UAW both takes [more...]

Date: 2008-12-11 12:28:35

Goldman Sachs Tax Rate Drops To 1%

Very, very bad public relations. And I thought it was bad PR when the auto company CEOs flew to Congress in private jets to ask for a bailout ... billion and debt guarantees from the U.S. government in October, expects to pay $14 million in taxes ... is cause for concern. “This problem is larger than Goldman Sachs,” Doggett said. “With the right [more...]

Date: 2008-12-17 22:22:54

The Median Wage Problem

Can the rich keep getting richer while median wages drop? ... on top of a continuing increase in consumer debt. None of those things are sustainable, though [more...]

Date: 2008-12-17 13:00:01

Dealing With My Seven Fears - Part Two

Continuing the series… #3 - Teaching On Money When we first began our church I was told to NEVER teach on money by lots of people because…well…it ... percentage of the problems that married couples were dealing with had to do with finances. Number two…lots of my friends (me included) were in debt up to their eyeballs. Number three…JESUS actually [more...]

Date: 2009-01-14 11:46:49

"How to Design a Bank Bailout that Works"

Johm Hempton disagrees with me and others that the problem in financial markets is fundamentally one of solvency, i.e. lack of adequate bank capital ... guarantee of all sorts of bank debt" is needed to get bank credit flowing again from financial wholesalers ... debt payments: The Brad DeLong question - and how to design a bailout that works, Bronte [more...]

Date: 2008-11-24 22:27:17

Beware of fake mortgage ‘fixers’

Beware of fake mortgage ‘fixers’ In the housing market collapse, a new breed of rip-off artist has emerged, ... . Help! My post-divorce debt is killing me! Fuel Posted By : Steven G When it comes to business and finance there is a big problem with the ethics of the men and women behind big oil and the government [more...]

Date: 2009-01-15 23:19:09

Resolving Your Debt Issues

by Christine Smith Running up a huge debt is always easy as it will seem to have happened overnight but when it comes to clearing it up, that’s where the problem arises. Like they say, spending money is always the easiest especially when you give in to temptations and start binge-shopping and spending way over your budget. That’s how most people end up with huge scary debts that they don’t know how to resolve. The very first step to manage your debt is to face up to it. [more...]

Date: 2009-08-16 11:00:25

The Guns For Tots Program…

The Guns For Tots Program… December 12th, 2008 Pop culture is like the re-niggerfication of America ... are so resourceful. The real problem is when broke ass kids start getting some money. To be a consumer ... to consume shit and to go into debt poor people are creating art that mirrors those values [more...]

Date: 2008-12-13 00:34:05

Report: SEC Could Bring Enforcement Action Against Reserve, Bents

Problems are mounting for the Reserve Fund company, whose founder invented the money market fund in the early 1970s ... Lehman debt that the Reserve fund held to decline to zero.) Another suit was filed against ... A Reserve spokeswoman declined to comment to WSJ. Harvey Wolkoff, a Ropes & Gray lawyer who’s bringing [more...]

Date: 2008-12-24 10:58:00

Report: SEC Could Bring Enforcement Action Against Reserve, Bents

Date: 2008-12-24 10:58:00

Buy a new house with easy loans, 133978 euro is not a problem

Different lenders charge different fees. Both banks and brokers have their strengths and weaknesses ... in itself is not a debt, it is evidence of a debt of 8 percent. So how do you find a lender or broker [more...]

Date: 2009-01-15 21:16:51

You Have A Choice

You have a choice to be a nibbler or not. I am definitely a nibbler ... up and calorie debt gets expensive in the form of having to buy new pants. So in an effort ... Chickpeas. However, here's the problem, they taste FANTASTICAL with beer. Like ridiculously [more...]

Date: 2009-01-08 14:36:29

Ouch!

A funny thing happens when government decides to bail out all the wrong people to the tune of trillions of dollars … Regular people get screwed ... in new taxpayer debt (i.e. this much) then we should be blowing this global economic recession ... that more government intervention is going to solve a problem created by government intervention is [more...]

Date: 2009-01-14 19:08:51

Two Cabinet Appointments, One Double Standard

The hypocrisy of many liberal Democrats and their Amen Chorus in the media is never more apparent than when a new administration is staffing up ... settled a $34,000 debt to the IRS last November when it became clear that he was under ... ? Are they waiting to see how he explains the problem in Senate confirmation hearings scheduled for January [more...]

Date: 2009-01-15 01:10:00

What’s Ahead

Obama Hot Spots 1) Pakistan is a de facto belligerent, analogous to Syria without the billions in US aid. It is nuclear, and anti-Democratic ( ... of the problem to India. 2) Inflation or Collapse? I don’t think we are near a Great Depression by any ... , the enormous bailouts, reprieves on debt, spiraling federal debt and borrowing from overseas, [more...]

Date: 2008-12-08 06:07:48

Roy Greenslade: Will Gannett sell off its British division?

Newsquest: is a sell-off feasible? It is clear that regional newspaper consolidation will take yet another turn in the near future ... , but I have a hunch it will hang on for a while. Trinity Mirror has problems, but there is a business strategy ... ) unsecured revolving credit line so it could repay some $2bn (£1.08bn) in commercial paper debt come [more...]

Date: 2008-10-07 15:44:21

savings accounts in problem banks. Gen X Finance asks if you got suckered into a fake gas price hike from hurricane Ike ... 29. Rich Credit Debt Loan suggests ways to undo the results of financial trauma. Money Ning ... Posts:A Credit Card Survey, Passive Income, Car Payments @ The Carnival Money Articles To Make [more...]

Date: 2008-09-16 16:36:41

Heavy Discussions

We had lay-offs at work yesterday. (I know, not a good idea to blog about work - but since that statement probably pertains to about 90 percent of ... and, having solved the problem, turned back to his TV show. Gotta love the innocence ... . No more money? Just print some more up! Add it to our debt! However, politicians thinking this way [more...]

Date: 2009-01-15 02:59:00

16 things about me….

This is a tag going around, here too, and I thought I would play along. I am a total perfectionist ... evaluations a problem at times. This is definitely something that I am trying to get better ... 2008, the boy and I got out of debt! We lived on half off what we made to make it happen [more...]

Date: 2009-01-15 00:41:20

The Bubble Was Bound To Break

WCSH 6 reports from Maine. “2008 was a difficult year for real estate on many fronts ... s now been resolved. But if the problem is your mortgage went up to more than you can afford, (Chapter ... A Manchester woman who owns a courier business got into debt after her gas expenses spiked to $1,500 [more...]

Date: 2009-01-14 13:37:16

A Very Interesting Tidbit About MOSERS Over at Bloomberg.com

Bloomberg.com, in a very interesting story about the problems facing public pension funds, reports the following (link via Drudge) ... BlackRock Inc. Moody’s last month cut ratings on parts of the debt, saying a drop in value of the underlying collateral may cause “an event of default.” Chris Rackers, the manager of investment [more...]

Date: 2009-01-14 19:12:26

Turning 70, Marty Peretz Claims Samantha Power for Israel

Marty Peretz turns 70 today and says: Samantha Power said some erroneous things about Israel and then they talked ... , in A Problem from Hell: "Martin Peretz, whose New Republic had given me a voice during the Bosnia war ... this book ." A real debt. Six years old. Who has more power now. I say: Sampo. The lobby always blesses [more...]

Date: 2008-12-06 15:44:38

Seabreeze Church Dances While Bills Pile Up

The New York Times yesterday featured a church called Seabreeze in a story about debt-ridden churches now struggling to pay bills. Seabreeze is a Saddleback church plant that followed Rick Warren’s seeker plan for growth. The problem is, Warren-style circus church is not as lucrative as it once was, and now forclosures loom [more...]

Date: 2008-12-28 00:13:26

Tips On Ways To Increase Your Credit Score

Applying for credit is the best thing to do if you do not have cash on hand to pay for it ... is the primary cause of this problem, you should learn to spend cash only on the essentials. This means ... of the others. The objective here is to be debt free. When that takes place, you can cancel some of them [more...]

Date: 2009-01-14 18:09:04

Where’s My Bailout?

Here’s the tally so far. The Fed has bailed out Fannie Mae, Freddie Mac and AIG. ( ... -cat Wall Street buddies rich. The problem is, it may all be over, not with a scream, but with a whimper. According to the Government, we are in debt at least $10T. Add to that the unfunded mandate [more...]

Date: 2009-01-14 23:11:22

How to run a small business

Seems that everyone’s interested in analytics these days — well, maybe not interested, ... in for a minute. The problem with most small businesses these days is that they don’t actually know whether ... includes advertising, fulfillment and expected returns, chargebacks, and bad debt), ad allowable [more...]

Date: 2009-01-15 13:35:57

Credit Blemished Over Imaginary Credit Card [Debt Collectors]

The NES collection agency is coming after Nancy for a debt on an account number she's never owned ... the account and sold it to a collection agency, who somehow had no problem contacting me repeatedly ... of the charge, however, was when I received a collection notice several months after [more...]

Date: 2008-10-30 19:20:44

50%+ rally in the stock market but situation is getting much worse

We have enjoyed a +50 percent rally in the stock market yet this rally has been unable to create private sector jobs or stem the economic pain for most. Millions have seen their bills skyrocket, credit card interest rates hiked, hour’s cut, wages slashed, and are dealing with an accelerating decline in home prices (FL) and pitiful stock portfolios. In order to get a sustained recovery, consumer spending (70% GDP) will have to rebound sharply, which is not going to happen anytime soon. [more...]

Date: 2009-09-29 12:17:40

The Economist Who Made Your World Better

It’s easy to give economists a hard time. Like academics, it’s hard to figure out what they really do besides sit around and think about the economy. They don’t run businesses or make anything useful. Of course most big corporations have one on the payroll to look into the crystal ball and we all know that we need a few tame economists to deliver stern warnings during market bubbles and to run the Fed. But can you name a single thing that an economist has ever done that actually benefits you? [more...]

Date: 2009-09-29 14:00:46

Dan Silverstein: Criminally Negligent Homicide: The Legacy of Wealthy Nations That Allow Millions to Die

Two award-winning Wall Street Journal reporters, Roger Thurow and Scott Kilman, have collaborated on a new book entitled Enough: Why the World's Poorest Starve in an Age of Plenty. It is a page turner. Unless you simply don't give a damn, this is a must read, and it is a must read now. It's reality literature at its most compelling; the printed word's descendant of CBS TV's "You Are There" series which transported its viewers to seminal moments in history. [more...]

Date: 2009-09-29 17:26:27

Translating Corporate Speak: Wynn [Unforeseen Upside Edition #3]

More magic from Steve Wynn — slightly delayed due to our summer escapades — on his 2Q09 conference call. The Administration is more of a problem than they are of a help usually, if you read the headlines. Everyone is frightened to death about runaway inflation if these deficits are allowed to take place. The good news is the Senate seems to be slowing it down. But we can’t see where it’s good for business to have that debt as a percentage of GDP go from 30% to 60% or 70%. [more...]

Date: 2009-09-29 12:00:32

Commonwealth in the networked economy [2]

Overcapacity results in a bailout of General Motors to the tune of $50billion Last December the boss of Fiat, Sergio Marchionne, predicted that the economic crisis would finally force the world’s car industry to confront profit-destroying overcapacity and change its broken business model. He also thought that, by the end of 2010, consolidation would result in there being only six high-volume carmakers left in the world. This week, as the industry gathered in Frankfurt, he returned to his theme. [more...]

Date: 2009-09-29 10:09:36

Public spending cuts will be very painful

The Prime Minister is, apparently, intending to introduce a “Fiscal Responsibility Act” to tackle Britain’s scandalously bad public sector finances. Well, I suppose, better late than never and I await the details with great interest. I also await the next Pre-Budget Report, which will include the Treasury’s latest economic forecasts and projections for the public finances. In particular, I shall be interested to see whether the Chancellor amends his target for “balancing the budget”. [more...]

Date: 2009-09-29 10:19:29

New US Credit Card Legislation Has Allowed Credit Card Companies Too Much Time!

Amazon.de Widgets President Obama’s credit card legislation, although welcomed during these times of harsh economic woe, unfortunately will probably fall just short of what every American has been screaming out for, a strong leash on the credit card industry. Legislation to regulate the credit card companies from imposing financially sapping interest hikes and reducing credit lines without warning, will shortly be announced, and not a moment too soon as a battle weary American public continually [more...]

Date: 2009-09-29 12:31:20

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