TARP “Reform” Only Makes Things Worse
Dear fellow patriot, Representative Barney Frank, chairman of the House Financial Services Committee, has introduced H.R ... of consumer loans, such as student and auto loans. More government bureaucracies to supervise other ... out auto manufactures and make loans to their financing arms. Congress opposed the use of the funds [more...]
Date: 2009-01-15 05:41:17
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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
Truth About Filing Bankruptcy
I've been hearing a lot about houses being left abandoned in the States right now due to recession ... government debt consolidation loans much like the loans we have here in the Philippines from PAGIBIG ... is easily attainable with debt consolidation especially when there are reputable and non-profit credit [more...]
Date: 2008-12-02 13:38:57
Loan Plans for Small Businesses
The government have revealed plans to guarantee small businesses £20billion of loans. In return for a fee, the state will insure banks against companies defaulting on loan repayments. However there are concerns that £20billion won’t be enough for all businesses to share. Prime Minister Gordon Brown has described the measures as “real help now to deal with specific problems”. [more...]
Date: 2009-09-25 07:30:25
Financial Freedom Awaits
Through this entire economic crisis in our country people tend to use credit cards and apply for loans so they can survive their own financial ... their earnings are debt consolidation companies that helps people manage their finances and consolidate ... . The government debt consolidation loans are great solution in consolidating various loans [more...]
Date: 2008-12-10 13:34:00
N.J. man learns modifying mortgage to cut payments may impair credit rating
by Moe Bedard on September 29, 2009 · 0 commentsin American Nightmare To confuse consumers even more, not all lenders follow the guidelines.That may change on November 1, when lenders can use a new code to report them as a “loan modification under government program.” The code will clarify which borrowers have taken modifications, but because the modification process itself is not streamlined, it won’t be the only worm squiggling out of the can.The bigger impact on credit scores may depend on how [more...]
Date: 2009-09-29 13:48:05
Measure of Relief
The US government has several new student loan schemes to make debt less debilitating. ……… Daniel de Vise reports …………… Suzie Dundas is at that stage of life when student loans loom larger than car leases or electricity bills. The $390 monthly payments seem to stretch into perpetuity. They are her largest monthly obligation aside from her rent, which Dundas has decided she can no longer afford. She is about to move in back with her parents. [more...]
Date: 2009-09-06 11:04:18
Student Loan Socialism
We know that a government student loan monopoly is just right for you. After all, what could go wrong with politicians owning everything? Warning: May cause hilarity. [more...]
Date: 2009-09-29 21:14:15
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
It’s Time To Bail Out The Non-Profits
As the nation continues to muddle through the bailout mess, a new idea is emerging for how to channel government funds directly to those in need: ... and foundations, is working on a proposal for a government revolving-loan fund to help cash-strapped nonprofit ... that the economic crisis will get a lot worse before it gets any better, it seems that a [more...]
Date: 2009-01-06 03:57:12
Government Share of Mortgage Apps Soars
"The latest proof of the government’s growing influence in the mortgage banking sector came Tuesday morning from the Mortgage Bankers Association, ... for government-insured loans — primarily borrowers looking to apply for an FHA-eligible loan, although VA loans are included in the total as well — compared to 10.3 percent one year ago." [more...]
Date: 2008-11-25 19:47:43
Gore’s $529 Million Deal
Visit msnbc.com for Breaking News , World News , and News about the Economy WSJ : Gore-Backed Car Firm Gets Large U.S. Loan By JOSH MITCHELL and STEPHEN POWER WASHINGTON — 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. The award this week to California startup Fisker Automotive Inc. [more...]
Date: 2009-09-29 00:29:11
Lala Land
Blink and you may miss another government bail-out, loan guarantee, federal plan to alleviate a bad or unwise mortgage, a suggestion for more government funds for a more aggrieved constituency, or credit-card relief proposal, etc. All this is said to be smart and necessary, given that we are told that the problem [more...]
Date: 2008-12-16 00:47:41
Detroit Auto Show: Demonstrations inside and out
The contrast was striking: Featured at GM's news conference was a group of about 600 rowdy GM employees bused in to participate in a " ... circus over government-backed loans for the auto industry turned a harsh light on the United Auto ... , she said, they come from overcapacity, bad product choices and the broken economy. Kirsten Gibbs [more...]
Date: 2009-01-13 01:06:54
ARM TWISTING NOT UNDERWRITING
I'm not surprised politicians are exasperated with the banks' apparent reluctance to lend money to consumers and businesses at “reasonable” rates ... s announcement of a pale imitation of a Tory scheme for taxpayers to underwrite bank loans to try and increase the amount of lending.Mind you, talk of the government stepping in to underwrite bank loans [more...]
Date: 2009-01-14 22:23:00
GM, Ford and Chrysler say sayonara, Tokyo
There were some notable absences at this year's Detroit auto show, including Nissan, Suzuki and Ferrari ... . It's the latest sign that a bad economy and crashing sales are disrupting the industry ... and may lend them more after March. Ford did not take government loans but left open the possibility [more...]
Date: 2009-01-15 02:39:09
Government Share of Mortgage Apps Soars: Report
The latest proof of the government’s growing influence in the mortgage banking sector came Tuesday morning from the Mortgage Bankers Association, ... for government-insured loans — primarily borrowers looking to apply for an FHA-eligible loan, although VA loans are included ... [more...]
Date: 2008-11-25 17:11:08
What Henry Ford Knew
"An underpaid man is a customer reduced in purchasing power. He cannot buy. Business depression is caused by weakened purchasing power. Purchasing power is weakened by uncertainty or insufficiency of income. The cure of business ... --counting government loans, stock purchases, debt guarantees, and backdoor handouts by the Treasury [more...]
Date: 2009-01-11 23:58:00
Chrysler End Game Nigh? Talks on With Renault and Magna
We've read off and on speculation that Chrysler might not make it, even assuming a less punitive attitude towards carmakers under the Obama regime ... to sell key assets to Renault-Nissan and auto supplier Magna as it rushes to restructure after taking $4 billion in U.S. government loans, according to people with knowledge of the discussions [more...]
Date: 2009-01-14 04:50:45
Obama Administration Should Strengthen Fuel Economy Standards
Today, the Bush Administration announced that it will not issue final fuel economy standards for automobiles, ... and to make the American car companies more competitive in the near future. In a brief statement ... . In their request for emergency government loans, General Motors and Ford provided production plans to show [more...]
Date: 2009-01-07 20:36:40
Deutsche Bank analyst says GM may still consider Chapter 11
Filed under: Government/Legal, GM GM was able to avoid bankruptcy court when it received billions in government loans, ... a stipulation that demands the General swaps a great deal of its $36 billion in outstanding debt for equity ... . GMAC, which was required to exchange 75% of its bondholder debt for equity to become a TARP-eligible [more...]
Date: 2009-01-15 21:58:00
Current Progress on GM Getting Emergency Government Loans
Late Thursday when the Senate failed to pass legislation to give GM emergency aid, ... . Obviously the clock is rapidly ticking against GM with only 12 more business days in the month of December ... in last week’s Republican plan, including reducing GM’s healthcare obligation debt to the UAW to half. Under [more...]
Date: 2008-12-14 13:19:39
MICROCAPITAL STORY: Malawian Microfinance Institutions Accused of Profiteering - Blue Financial Services and Izwe Lose Government Backing
The Malawian Civil Servants Trade Union (CSTU) has asked the government to rethink its recent decision to cease guaranteeing loans obtained from microfinance institutions (MFIs) or to increase loan facilities to its employers. The government made the decision in December 2008, [more...]
Date: 2009-01-12 14:56:31
A123 Systems to Build Major US Lithium-ion Battery Production Facilities
It is increasingly clear that battery-powered electric vehicles both with and without range extenders are going to become the primary type of ... on. Word its that the package will contain advanced battery production government loans. Recently US-based lithium-ion battery maker EnerDel has announced it had applied for $480 million in ATVMIP loans [more...]
Date: 2009-01-07 20:02:58
Financial Freedom Awaits
It is often times hard to change the way you spend money and be able to save some for future expenses ... those debts. With experts in the field of debt consolidation and government debt consolidation loans ... with our budgets and as a result we become slaves to the lender. There are many ways to get out of debt [more...]
Date: 2008-11-26 02:05:41
Audi snares 2 top honors; Cadillac gets concept prize
The Audi Sportback and Cadillac Converj won the EyesOn Design awards Tuesday for the most significant concept vehicle designs to debut at the 2009 ... endured to receive a loan from the federal government. “Design can be a very important catalyst leading ... technology. The luxury electric car also uses recycled materials. This year’s three chief [more...]
Date: 2009-01-15 07:02:15
Wall Street Breakfast: Must-Know News
South Korea offers banks aid. Over the weekend, South Korea unveiled Asia's biggest financial rescue package with a $100B government guarantee on foreign loans and a $30B capital injection of U.S. dollars into the banking system. South Korean banks and businesses have found it increasingly difficult to obtain foreign currency, [more...]
Date: 2008-10-20 11:15:00
Though the mood in Detroit is somewhere between dour and hang-me-with-a- bedsheet, ... for green car companies. With government loans, the company says it could start a proposed project ... . The car will be constructed in Finland at Valmet, a well-known high-end coachbuilder. Fisker500 [more...]
Date: 2009-01-13 22:56:01
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
Determining the Proper Withholding
I've noted previously that none of us should be giving the government an interest-free loan by having too much tax withheld from our paychecks ... . But if this isn't clear enough, you can also visit the Federal Withholding Tax Calculator for a bit [more...]
Date: 2008-07-10 10:30:45
Government Help With Homeowner Loan Arrears Likely To Kick In This Year
As the current economic situation in the UK seems to be getting worse, ... , it is likely that a large number of borrowers with homeowner loans will struggle to maintain ... and even repossessions. The Council of Mortgage Lenders has predicted that there will be somewhere [more...]
Date: 2009-01-15 20:39:19
San Diego City Attorney Aguirre’s “Sanctuary” Best Left For Fairy Tales
San Diego City Attorney Michael Aguirre attempts to halt the flow of new loans, into San Diego , by calling a “do over”: ... . He worked the union halls. He’d loan a guy a few hundred bucks, until payday, and make 30% vig ... is an important part of a loan contract. If a government interferes with the execution [more...]
Date: 2008-09-09 16:58:40
Ecuador Contests $243 Million Brazilian Loan -- Brazil Recalls Ambassador
LAHT, Nov 23, 2008President Correa is challenging Quito's obligation to repay loan from Brazil government's BNDES that underwrote construction of the ... seek arbitration of a debt to Brazilian state-owned development bank BNDES, Foreign Minister Celso ... to contest the debt would lead Brazil to reconsider various joint projects with Quito."The Brazilian [more...]
Date: 2008-11-24 03:30:00
Wall Street Bailout, Congressional Cover-up, or Sarbanes-Oxley?
Wall Street Bailout, Congressional Cover-up, or Sarbanes-Oxley? January 14th, 2009 Steve Selengut asked: Every new controversy demands a look at similar situations of the past. Just what is a bailout anyway? In the early 80’s, Lee Iacocca arranged a government loan and tax concessions to bring Chrysler Corporation back from the brink of [more...]
Date: 2009-01-14 13:21:14
Ener1 Applies For DOE Funding
Ener1 Inc. was the first applicant for the Department of Energy’s Advanced Technology Vehicle Manufacturing Incentive Program, ... and components, AP reports (via Forbes). The loan is not related to the government bailout of the auto industry. The company applied for a $480 million loan with ... [more...]
Date: 2009-01-07 19:00:59
Ener1 Seeks $480M in Government Loans
No, Ener1 isn’t looking for a piece of the auto bailout pie ... Technology Vehicles Manufacturing Loan Program was set up to help U.S. auto companies and suppliers ... come in handy amid troubled times for the auto industry. Ener1, which also has operations in fuel [more...]
Date: 2009-01-05 16:37:00
The rise and fall of EMI
p2pnet news view Music:- “Want to get rich quick?” - inquired p2pnet slightly more than a year ago. That was because Guy Hands’ (right) ... in its US government bailout, its largest leveraged loan has become ‘a pimple on the back of an elephant [more...]
Date: 2008-12-06 16:20:06
Government Extends Loans to Detroit Automakers
This is today’s big news, and you’ve probbably heard about it already ... Commentary: A Personal Finance Blog:GM Wants You to Fear its Collapse: ...New Students Get Student Loan ... . This morning, President Bush approved three-year loan to GM and Chrysler which would give [more...]
Date: 2008-12-19 16:07:46
Now We Need A Bailout For The Bailout
Good grief... The new loans push the government’s planned investments under the financial rescue beyond the $350 billion that Congress has ... , so the Treasury has leeway to direct some of that cash to GMAC. “It’s not fair to say we’ve [more...]
Date: 2008-12-30 22:52:48
Government sends Chrysler $4 billion bridge loan
AUBURN HILLS, Mich. (AP) — Chrysler LLC and the U.S ... loan that was necessary to keep it operating. Unpaid Vacation Chrysler Chief Executive Bob Nardelli said in a statement the loan would “allow the company to continue an orderly restructuring, while [more...]
Date: 2009-01-03 11:21:09
For Ethanol Plants, Two Roads Diverge
For Ethanol Plants, Two Roads Diverge By Kate Galbraith ... pilot cellulosic-ethanol plant in the company’s home state of South Dakota, which started production ... Khosla, is likely to get a first-of-its-kind loan guarantee from the government later this month [more...]
Date: 2009-01-13 14:37:10
Bailout truthiness, and one cheer for Ford
By TigerHawk at 12/10/2008 07:50:00 PM Ouch: ... . By shunning government loans, Ford Motor Co.'s top executives say they hope to buff up the automaker's image ... of the year without it. But Ford set up $23.5 billion worth of credit in 2006, and both Chief Executive Alan [more...]
Date: 2008-12-11 01:08:02
Trapped In a Ditch, But Still Digging Deeper
Trapped In a Ditch, But Still Digging Deeper Posted by Playful Walrus on Thursday, January 15, 2009 6:35: ... , growing the size of government, most forms of "affordable housing", and loans to people who can't ... for this manipulation, whether we are rich or poor. Tags: BUSINESS economy Taxes limited [more...]
Date: 2009-01-15 23:34:47
Small business loan support scheme unveiled by Mandelson
The government today unveiled a scheme to secure some £20 billion of short term lending to support ... to convert debt into equity. Phil Orford, chief executive of the Forum of Private Business, expressed [more...]
Date: 2009-01-14 17:29:05
Dandelion Saladby Prof. Peter Dale Scott Global Research, January 8, ... has refused to provide information about its own bail-out (using government-backed loans [more...]
Date: 2009-01-08 15:39:23
RIP, PT: Chrysler Kills the Cruiser
Chrysler, as is well documented, has long made its name on home-run product ... in government loans, shows every sign of needing more cash. PT Cruiser sales, meanwhile, declined by 49 [more...]
Date: 2009-01-15 00:11:43
10 Ways To Stash Cash
Inspired to save? I hope so. But maybe you're wondering where the money will come from ... , you're giving the government a free loan. Change your withholding, then save the difference [more...]
Date: 2008-06-13 15:53:55
GM cuts sales forecast, may need more help
General Motors cut its forecast for industrywide U.S. auto sales Thursday, a development that could lead the company to ask for additional loans from the federal government. continue article > > . [more...]
Date: 2009-01-15 18:37:38
Hidden in the Stimulus Bill
Last December Higher Ed Watch caught wind of back-room maneuvering on Capitol Hill to retroactively change the way the federal government sets lender subsidies in the guaranteed student loan program. Education Secretary Margaret Spellings ... concern that the change sought by the Secretary (and the student loan industry) was being debated [more...]
Date: 2009-01-15 23:20:03
Minister's U-turn on interest charges for social fund after 'loan sharks' jibe
The government was yesterday forced to perform a rapid U-turn over plans to charge high-street levels of interest on loans to some of the poorest ... of interest on repayment of social fund loans comes from, but I know where it is going [more...]
Date: 2008-12-22 00:04:28
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