A Billion Here, A Billion There: Dem-Backed Firms Get Speculative Energy Dept. Loans

The headline and the first paragraph from this Friday Wall Street Journal report by Josh Mitchell and Stephen Power reads like a bad joke Jay Leno’s writers would have discarded, because no one would believe it. The second paragraph isn’t much better. Gore-Backed Car Firm Gets Large U.S. Loan A tiny car company backed by former Vice President Al Gore has just gotten a $529 million U.S. government loan to help build a hybrid sports car in Finland that will sell for about $89,000. [more...]

Date: 2009-09-28 19:23:07

Blog posts (9) | Videos (7)
 

How Old Are You Financially?

How old are you financially? A baby? A toddler? A child? A teenager? A young adult? Mature? A senior citizen? ... out financially, beginning to contribute to retirement accounts. Might also have a first credit card, car loan and the all important student loans as well. Lots of expenses are part of the ‘latte factor’ [more...]

Date: 2008-11-26 11:00:27

Does The Economy Make You Want To Pay Off Debt Or Build Up Savings?

Editor’s note:  I set this post to publish yesterday and made the classic “New Year” mistake of setting the date to 2008! ... , and then systematically started debt-killing.  First the credit card, then one student loan, then the car loan.  Now, we’re left with a $10000+ student loan, and a minimum payment of $145 versus [more...]

Date: 2009-01-09 15:08:06

How To File for Bankruptcy If You Are An Individual

Here is a quick guide to how to file for bankruptcy if you are an individual. -  Contact a reliable bankruptcy attorney . -  Bring along all your financial papers including outstanding bills, bank statements,paycheck stubs from the most recent six months, copies of mortgages and car loans and tax returns to your first meeting with your bankruptcy attorney. -  Your bankruptcy paperwork, called a petition, must list every debt you currently owe. [more...]

Date: 2009-09-26 14:22:34

Free Ebook: Suze Orman 2009 Action Plan

I am actually currently reading (and by reading I mean listening to an audiobook) ... of this book. I’d think the twenty something crowd would be most interested in: Credit card repayment plan Debt consolidation Expense/Income worksheet Finding ways to save Dealing with car loans First [more...]

Date: 2009-01-08 19:30:11

Home Buying 101 - Step Three: How much can you afford?

This is the third installment of twelve weekly features for first-time homebuyers on buying a home, now updated for 2009 ... sites that offer free mortgage calculators. I like Ginnie Mae’s. But because there are so many ... like a car, student loan, engagement ring, etc. More debt and more inquiries will likely lower [more...]

Date: 2009-01-07 09:39:01

The Current Economic Crisis and Build Quality in Cars - The old Datsun wins over the Continentals

Recently the whole world seems to be facing some sort of economic crisis ... in the first place and it is most probably that the bank had to get an interbank loan to come ... s going to be broke. Once everyone is broke, no one buys new calculators, cars, PDAs, telephones [more...]

Date: 2009-01-12 06:30:00

I WANT MY BAILOUT MONEY

“I Want My Bailout Money” is the first song on the new hip hop album by NaturalNews.com editor Michael Adams (the “Health Ranger”) ... like it was crack They take your car, your home, everything that you own And when you’re jobless and broke, you still gotta pay the loan If you’re thinkin of stealin some food, please don’ [more...]

Date: 2009-01-11 18:30:32

Cash for clunkers worked like this — (Sticker MSRP + markup + options + fees + taxes - $4,500 = Price you paid).

Financing 100% of the price of a car at anything other than 0% means you are under water after the first year. Most people put nothing down when buying a car — just ’sign and drive’ for whatever you can qualify for and believe the dealer has your interest at heart like with real estate agents. The average new car depreciates 10%- 20% in first year. A 60 month car loan won’t exactly ‘build equity’. Being in the Auto Industry, I can tell you we are having the worst September in our history. [more...]

Date: 2009-09-29 15:46:41

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