Compliant Debt Collection
Far too many uninformed consumers give in to the overbearing intimidation and scare tactics of unscrupulous debt collectors, ... to them from debt collectors. The FDCPA is a strict liability law, which means that a consumer bringing ... Act.The Fair Debt Collection Practices Act is enforced by the Federal Trade Commission under its powers [more...]
Date: 2009-01-08 19:28:29
Blog posts
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Videos
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Thrift Paradox - Is Frugality Hurting Economy?
By: Roshawn WatsonFrugality is on the rise.For the first time since 1952, U.S. household debt declined (3rd quarter 2008) according to the Federal Reserve. Unsurprisingly, U.S. consumer spending growth also declined ... states.Frugality is NOT the problem.The real problem is that some businesses and financial institutions want [more...]
Date: 2009-01-12 13:09:00
How To Settle Credit Card Debt
Now look at it, inserted harmlessly in the folds of your purse ... , they realize just what’s going on how to settle credit card debt. It’s no coincidence that as per the Federal Reserve’s most recent survey nearly half of American homes are bogged down with credit card debt [more...]
Date: 2008-09-22 20:35:42
Four Michigan US Senate candidates endorse Ron Paul’s Campaign for Liberty four point agenda
The Natural Law Party in Michigan has endorsed Ralph Nader for President. The Taxpayers (Constitution) ... of foreign policy, privacy, the national debt., and the Federal Reserve. The full text of the “ [more...]
Date: 2008-10-24 15:58:40
Federal Financial Guarantees Are Worthless
The time is nearing when a cluster of demands will be placed on government that it is entirely incapable of meeting ... as they attempted to shift the cost of guarantees (insurance) onto others and away from themselves. FULL ARTICLE Related posts:Whose Debt? There’s a very easy way to fix the “federal budget [more...]
Date: 2009-01-15 08:30:55
An Alternative to the Stimulus (Rep. Jim Jordan)
The talk of Washington this week is the $850 billion Democrat stimulus bill – with massive federal spending as our country’s debt tops $10 trillion. The big-government approach is supported [more...]
Date: 2009-01-14 17:14:08
Just Taxation
In the current American elections, John McCain’s last-gasp attempt at gaining the support of a majority of American voters revolves around trying to ... to balance the federal budget, or at least prevent a runaway debt that would ultimately destroy [more...]
Date: 2008-10-30 19:05:29
Obama’s case for action
Yes, a new US stimulus package will be very expensive. Yes, the federal budget is already burdened with record debt ... , the computerization of US medical records within five years [more...]
Date: 2009-01-08 21:07:54
Buying toxic mortgages: Hank and Ben made it sound good
Remember how brilliant an idea Treasury Secretary Henry M. Paulson and Federal Reserve Chairman Ben S ... a market for the debt, the Treasury would help with "price discovery" -- that is, other investors would see ... the banks yet 2) low enough to eventually pay off for taxpayers. But Bernanke, for one, sure did [more...]
Date: 2008-11-13 02:50:51
The Greatest Depression
The Greatest Depression Gordon G. Chang - 01.05.2009 - 2:09 PM “Let’s not mince words: ... , but, as the Washington Post’s Robert Samuelson shows this morning, this solution may ultimately make things worse. Spending will increase the Federal deficit, which will have to be funded by debt [more...]
Date: 2009-01-05 19:09:54
Constitution and Libertarian Parties of Ohio among those working to defeat a bill calling for US Constitutional Convention
Found at PeaceChicken.com: Good news: we were all able to testify against the bill today, and we gave them a response they weren’t expecting ... that something must be done to limit federal spending and reverse our growing $10 trillion dollar debt currently [more...]
Date: 2008-12-11 04:23:33
Fed Talk "Slaves 'R' Us"
Bernanke: More bank bailouts neededNEW YORK (CNNMoney.com) ... guarantees of their debt could be necessary, in return for the federal government receiving further [more...]
Date: 2009-01-13 17:12:00
TARP Comes Full Circle
There's a certain maddening elegance to it all. The original TARP was intended to purchase banks' toxic assets ... with direct capital injections. Once everyone realized that did little to cure the toxicity ... buy or back the toxic debt on banks’ balance sheets isn’t dead after all. Key Federal Reserve [more...]
Date: 2009-01-13 19:56:01
Seattle FHLB Likely Short of Capital on Mortgage Debt (Update3)
By Jody Shenn Jan. 13 (Bloomberg) -- The Federal Home Loan Bank of Seattle said it will suspend dividends and “excess” stock repurchases, ... of about $1 trillion in financing for Citigroup Inc., JPMorgan Chase & Co. and other companies [more...]
Date: 2009-01-13 21:23:00
Home sweet home builders?
Hopes that government intervention will bolster the housing market are giving a boost to home-builder stocks ... and other debt issued by Fannie Mae, Freddie Mac and the Federal Home Loan Banks. Now reports [more...]
Date: 2008-12-05 00:38:41
Tough Times ahead.....Life and debt
In the interesting article below, it talks about the US Federal Reserve cutting its interest rate to zero to prevent deflation from threatening the ... in US. Of course there are many differences. The US consumer is in debt while the Japanese were enthusiastic savers ... to get out of it now. A deflationary recession is going to make life miserable for [more...]
Date: 2008-11-20 10:57:12
No Money in Washington, D.C.? No Matter!
Washington, D.C. is another world. Today the company newsletter, otherwise known as the Washington Post, had an article entitled “U.S. Debt Expected to Soar This Year: $2 Trillion Increase May Test Federal Ability to Borrow” ... a massive spending package aimed at pulling the nation out of recession, the national debt is projected [more...]
Date: 2009-01-04 00:02:21
Latest News in Goverment Grants and Debt Relief - Dec 30, 2008
GMAC Receives $5B In Bailout Funds - WCPO 29 Dec 2008 at 9:20pm WASHINGTON (AP) ... - Reuters UK 23 Dec 2008 at 5:28am WASHINGTON, Dec 22 (Reuters) - The U.S. Federal Reserve Board ... learning Cadence … Japan Should Scrap U.S. Debt; Dollar May Plummet, Mikuni Says - Bloomberg 22 Dec [more...]
Date: 2008-12-30 15:02:38
That is the one question we are asked every single day. Homeowners are confused with their options (or in some cases, their lack of options) ... is not doing the same tax relief as the federal government. You may have a state tax liability ... the entire debt (on your first and second loans [more...]
Date: 2009-01-15 21:07:27
Citigroup (C) And The Senate: The Myth Of Saving The Mortgage Market
Citigroup (C) ... , saying banks that have accepted federal aid should be doing more to help homeowners wrestling with debts they can't pay." There is a great deal of evidence, some of it from the federal government [more...]
Date: 2009-01-08 11:22:10
Palin: ‘We Shouldn’t Worry About Government Having Enough Money’
During an interview with a local television affiliate in New Hampshire yesterday, Gov. Sarah Palin (R-AK) ... the expenditure of those public dollars. However, today during a rally in Maine, Palin suddenly became ... and the guts to confront the $10 trillion debt that the government has run up. We will balance the federal [more...]
Date: 2008-10-16 16:42:46
Want to Consolidate a Student Loan?
Just finished school and now it’s time to start paying on those Student loans fall into two categories. 1 ... consolidation services. A federally funded student loan also cannot be consolidated with credit card debt. If you are considering consolidation of your student loans, gathering the appropriate [more...]
Date: 2009-01-08 02:29:44
A Rookery of Rogues
Guest Commentary by Edward Cline:Watching the federal “bailout“ story unfold over the last several months, ... in constant debt. Commerce and trade with any country other than Britain was forbidden; only British-made [more...]
Date: 2008-12-09 22:21:00
Mavericks lose 102-100 to Orlando
Somebody should call the federal government for some sort of bailout for the Mavericks ... in debt Friday night when they threw away a fourth-quarter lead and dropped a 102-100 decision to the Orlando Magic for their fifth consecutive loss. It also nosedived their record at American [more...]
Date: 2008-11-15 04:06:56
Stocking Stuffer
Not a creature was stirring, not even a mouse… With the Federal Reserve cutting bank lending rates to near zero, ... and credit card debt are at anywhere from six to 20 ... tree?” My white in-laws are taller than our tree. If you’ve been capitalistic, materialistic, perhaps [more...]
Date: 2008-12-18 18:47:31
Commercial mortgage problems, GMAC & Indy update, Bank branch pricing strong
It was mealtime during an airline flight. “Would you like dinner?” the flight attendant asked John, seated in front. “What are my choices? ... and credit card debt. Last week GMAC received an early “Christmas present” by receiving the Federal ... private equity firms, and the hedge- fund firm Paulson & Co. Credit cards and commercial real estate [more...]
Date: 2008-12-29 13:07:42
Bonds Erase Losses as Fed in For Long Haul
U.S. Treasury debt prices erased losses to trade near flat Wednesday after the Federal Reserve reiterated its commitment to keep interest rates low for an “extended” period. Klik her for at læse hele nyheden [more...]
Date: 2009-09-23 18:52:02
Sunday morning links
#fullpost{display:inline;}TOP STORIESThe End of the Financial World as We Know It - NY TimesEvans says Fed needs to mimic below-zero rates - ... BearU.S. Debt Expected To Soar This Year - Washington PostU.S. governors seek $1 trillion federal assistance - ReutersMARKETS/INVESTINGA year after $100, oil prices cut in half - SF Gate'Silver prices [more...]
Date: 2009-01-04 14:42:00
Families USA: More Medicaid Spending Would Stimulate IL Economy
Although hospital surgeries and emergency room visits dropped slightly in the third quarter of this year compared with the same period in 2007, ... borrowing plan earlier this month, it won’t begin to cover the state’s medical debt. And Illinois isn’ ... as revenue sources dry up, it’s often state and federal medical programs that are first [more...]
Date: 2008-12-29 16:35:42
Pawlenty on the Bailouts
Pawlenty on the Bailouts Jennifer Rubin - 12.08.2008 - 7: ... , there’s one small problem with the whole concept and that is by any reasonable accounting standard, the federal government of the United States is broke. They’re using credit card debt to pay off credit [more...]
Date: 2008-12-08 12:53:34
While McCain Plays Games, Washington Mutual Falls
From Yahoo: WaMu is largest U.S. bank failure By Elinor Comlay and Jonathan Stempel 1 hour, 37 minutes ago NEW YORK/WASHINGTON (Reuters) ... debt. Washington Mutual, the largest U.S. savings and loan, was closed by the federal Office ... , a portfolio manager at Bahl & Gaynor Investment Counsel in Cincinnati. “He’s becoming an acquisition [more...]
Date: 2008-09-26 04:02:19
GMAC: Snatching Victory From the Jaws of Bailout Defeat
It is much easier to win when you let the federal government do your negotiating for you ... , as a crucial $38 billion debt-exchange offer foundered and co-owner General Motors was struggling with the specter of bankruptcy. Yet GMAC succeeded, garnering $5 billion in Troubled Asset Relief [more...]
Date: 2008-12-30 12:43:00
Lennar sues ex-con who questions O.C. exec’s mortgage
Jaffe (Register photo) Lennar Corp. said today it added an ex-con who became a fraud detective to an existing federal lawsuit, ... since it comes on top of about $5 million in existing debt on the property. He intimates that the loan could be a “disguised kick-back” by mortgage broker Robert Venneri, possibly because Lennar [more...]
Date: 2009-01-15 01:56:17
Real Change: Thrift and Prudence
We Americans have come a long way from the Great Depression — not that we have learned from it. The Federal Reserve and U.S ... losses, business failures, mortgage foreclosures, inability to keep up with debt payments and other ... are floating on a sea of debt. America’s personal debt, excluding mortgages, is approaching $1 trillion [more...]
Date: 2009-01-15 12:17:53
Important News for College Graduates
Attention recent college graduates: starting July 1st, ... loan consolidation program. All borrowers with non-consolidation federal student loans that were ... percent can save big money by refinancing their debt after July 1st of this year [more...]
Date: 2008-06-10 20:30:00
The Ghost of Depression Past
The Ghost of Depression Past By The Editorial Board The economy is tanking, and true to Republican form, ... , making its other debt more expensive and undermining the very idea of state fiscal relief. Yet Mr ... federal relief, Mr. Hoover was finally persuaded by Congressional progressives to sign a bill [more...]
Date: 2009-01-08 21:08:14
NY Times: China Cooling on US Debt
Ah, when it rains, it pours, We Americans get news that the US federal deficits are over the trillion mark even before Obama and Congress pull out the checkbook in an effort to buy some prosperity, when we also are told, via the New York Times, that China, our biggest creditor provider, [more...]
Date: 2009-01-08 16:41:53
Is Market Watching the Wrong Helicopter?
The market is obsessed with the Federal Reserve purchasing longer dated securities ... for yields on longer-maturity Treasury debt (say, bonds maturing within the next two years). The Fed could [more...]
Date: 2008-12-29 19:41:22
Five Reason To Get Primary Liability In Truck Insurance Coverage
by katie George The goods movement through road is always increasing within state or inter-state level ... from huge losses some time. About the Author: Debt Consolidation ... occurs. 2. The primary liability coverage is made compulsory by state and federal agency [more...]
Date: 2009-01-05 16:40:03
Congress Dismayed By The Direction Of Paulson’s ‘$700 Billion Plane’
Today, Treasury Secretary Henry Paulson appeared before the House Financial Services Committee — alongside Federal Reserve Chairman Ben Bernanke and ... up just about everything but mortgages, including credit card debt. But as Andrew Jakabovics explained, “ ... Relief Program (TARP). During the hearing, Congress voiced its displeasure with Paulson. [more...]
Date: 2008-11-19 00:00:30
Collector Threatens Jailtime Over Dead Debt [Debt Collectors]
Reader R. kinda messed up his credit years ago. He's a good boy now and his credit score is 700+, ... of limitations on the debt has well passed and threatening to send a debtor to jail is a violation of Federal law ... but now RSI Claims Process Services is hassling him about a 12-year-old credit card debt [more...]
Date: 2008-10-24 21:04:06
Banks Agree to Wipe Out Up to 40 Percent of Credit Card Debt But Watch Out.
Credit card lenders include Discover Financial Services LLC, Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co ... with the help of the National Foundation for Credit Counseling, Consumer Federation of America and the Financial Service Roundtable to start the process of creating a debt solution, other than [more...]
Date: 2008-10-31 15:51:17
Opinion: Spend, spend, spend the mantra of lawmakers
YOU MIGHT GET A lot of opinions why the federal government’s balance sheet - predicted yearly deficits in the trillion-dollar range and an overall national debt of well over $10 trillion - is what it is. But the simple explanation is that Uncle Sam cannot resist spending more money than there is to spend and has been doing so out of habit for many years.One need only look at a single spending bill passed last week by the Senate to understand that, for all the lip service lawmakers give to fiscal [more...]
Date: 2009-09-28 22:02:20
IRS Plan to Help Distressed Homeowners Falls Short
The Internal Revenue Service has announced a process that is supposed to make it easier for financially distressed homeowners to refinance a ... in the property above and beyond the mortgage debt plus enough to cover the tax debt, the IRS is able ... mortgage or sell a home by providing options when there is a federal tax lien blocking [more...]
Date: 2009-01-07 14:59:28
A Lot of Homes for Sale
A Lot of Homes for Sale A Lot of Homes for Sale Many experts believe that a housing market recovery is just what's needed to revive the ... more refinancing. Rates began falling as the Federal Reserve launched an effort in late November to aid housing and rein in spreads on related debt and securities. Some of the worst-affected areas [more...]
Date: 2009-01-14 20:25:48
A short note on a payroll tax "holiday"
By TigerHawk at 1/13/2009 09:13:00 AM Should we immediately pump money into the economy via a payroll tax holiday? ... will save most of the money or use it to pay down debt, rather than spend it or invest it an actual project ... debt. Why will it help (more than a little) to move yet more liabilities on to the federal [more...]
Date: 2009-01-13 14:13:00
Fed bets $800 billion on consumers
That $200 billion aimed at spurring consumer borrowing will come from the Federal Reserve Bank of New York, which will lend that money to holders of securities backed by consumer debt, such as credit card debt. ... He said the fact that the Fed and Treasury had to work together to get an additional $800 [more...]
Date: 2008-11-25 19:04:49
Charting the Effects of the Financial Crisis
It takes more than wind to make turbines spin. ... and unable to repay their existing debt. This situation can lead to a domino effect — “contagious ... t have money to buy bread. So the federal government [more...]
Date: 2008-09-23 00:44:21
Clearer Tax Laws, Help for Struggling Taxpayers Urged
The seemingly endless reams of complex federal tax laws and regulations need to be simplified, ... Code New York Times: Gentler Tax Laws Urged on Debt Default CNNMoney: A Kinder, Gentler IRS? Wall ... on financially struggling taxpayers: "1) Make greater use of collection alternatives when economic [more...]
Date: 2009-01-09 17:03:22
Joseph Stiglitz dissects the economic crisis
by Jay McDonough A couple months ago, ex Federal Reserve Bank chairman Alan Greenspan, ... between commercial and investment banks and allowing commercial banking to increase debt to equity [more...]
Date: 2008-12-13 19:48:39
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