Certifiably Weak

Congress took a small step this summer to try to prevent students from taking on unnecessary private loan debt ... out the advice of their financial aid administrators before taking on expensive private student loan debt ... the lives of their loans. Unfortunately, direct-to-consumer private loan providers lobbied [more...]

Date: 2008-10-14 20:25:06

Blog posts (149) | Videos (73)
 

Los Angeles Mortgage Rates Report: January 14, 2009

The US Treasury Department has been supporting the mortgage bonds market, in order to keep mortgage rates under 5% ... the “flow” of mortgage loans.  The big banks, like B of A, Citi, and Wells, loan direct or buy loans ... t have the horses to ride since they laid off so many workers in 2008. 2- Greed:  Lenders typically made a loan [more...]

Date: 2009-01-14 06:35:15

In Latest Outlook, Sifma Split on Housing, Bailout Views

The yearlong U.S. recession will likely continue until mid-2009, a group representing hundreds of securities firms, ... favored federal loans over alternatives such as direct equity ownership. Of those members who favored loans, all also favored requiring conditions such as restructuring, consolidation and creditor [more...]

Date: 2008-12-15 11:05:00

USDA Fields Farm Bill, Prepares Ground for Next Administration

In seven months after late summer congressional passage of the 2008 Farm Bill, the U.S ... program parameters for marketing assistance loans, loan deficiency payments, and direct and counter ... million DCP contracts for 2008 and issued $5.1 billion in direct payments.Published regulations [more...]

Date: 2009-01-14 15:19:00

A123Systems to Spend $2.3B Building Factories in Michigan

Battery developer A123Systems plans to build a manufacturing plant in Michigan with $1.84 billion in direct loans from the U.S ... of loans from the DOE’s $25 billion Advanced Technology Vehicles Manufacturing Loan Program — ... capacity and electric sports car startup Tesla Motors has applied for about $400 million to build [more...]

Date: 2009-01-07 17:25:45

The Failure of the Bailout

The Bailout That's Failing The federal rescue may have saved the banking sector, but it hasn't fixed the housing market. Last October, the Federal Reserve, the Treasury Department, the Federal Deposit Insurance Corp., and Congress deployed every weapon in their arsenal, and invented some new ones, to stanch the financial panic: loans, subsidies, direct bailouts, free money, the TARP. In so doing, they exposed taxpayers to massive immediate and potential liabilities. [more...]

Date: 2009-09-28 05:41:00

Sallie Mae Seeks Competitive Bidding

By Jason Delisle and Stephen Burd The Wall Street Journal reported yesterday that Sallie Mae is in a contract dispute with the U.S ... approach saves money for taxpayers. Too bad the student loan giant has rejected this same argument ... decision to put its current Direct Loan servicer, Affiliated Computer Services Inc., in charge [more...]

Date: 2008-09-18 22:02:27

ASUS Eee PC 1005HA Review — Much To Like in this All Day Netbook

For the last six weeks or so, I’ve been using an ASUS Eee PC 1005HA netbook on loan direct from ASUS. This model is one of the top responses I hear to the question, “What’s the best netbook out there right now?” After my usage, I’m inclined to agree, although there are some other comparable models, like the Toshiba NB205 that I purchased . In fact, from a hardware perspective, there’s very little that’s different under the hood between the two devices. [more...]

Date: 2009-09-29 15:21:57

The Paradox of Parliamentary democracy: a disaster for Conservatism = a boon for the Conservative Party

Private capitalism, as it was conducted for some 300 and more years in Britain, was a system wherein private persons (capitalists) ... classes), and with widespread consensus that the State must be a direct provider of loans and capital ... , alongside share purchasing and the provision of private loans, banking finance came to be an key source [more...]

Date: 2009-01-05 12:41:03

Undermining a New Effort to Promote Public Service

Is the U.S. Department of Education deliberately trying to undermine a new program created by Congress to encourage students to pursue careers in ... by consolidating their debt into Direct Lending. The program is a reaction to reports that student ... government will forgive the remaining debt of Direct Student Loan borrowers if they make 120 [more...]

Date: 2008-07-23 18:43:00

No Get-Rich-Quick Scheme for Civil Servants

Effective immediately, the civil servants in Malaysia are no longer allowed to take part in any get-rich-quick scheme ... . Additionally, it will also apply to those who are involved with companies masking their operation behind direct ... - getting financial help from loan sharks, which eventually land them into deeper trouble. Many [more...]

Date: 2009-01-14 23:45:07

Added benefits for jobless

House Democrats unveiled a $825 billion economic stimulus package today that includes money to maintain extended benefits for long-term jobless ... with the latest extension about to run out. The stimulus package does not include direct aid ... loan fund to ensure weekly benefits are paid. The state fund is financed through a tax paid [more...]

Date: 2009-01-15 21:18:59

More on Those State Loans…

Yesterday, Senate Minority Leader Mitch McConnell (R-Ky.) ... in the form of loans in lieu of direct aid. Writing in The Washington Post this morning, op-ed ... the state-loan concept much thought, but President-elect Barack Obama is already eying hundreds [more...]

Date: 2009-01-07 15:42:39

Six Fed Banks Sought Sharp Rate Cut

The size of the Federal Reserve’s interest-rate reduction last month surprised markets ... banks, which make direct loans to commercial banks in their districts, vote periodically on where ... , Minneapolis and San Francisco — voted December 11 to lower the discount rate (for direct Fed lending [more...]

Date: 2009-01-13 11:24:00

Watcher's Council Submissions

Another week, and here is another list of good reading.. ... Of Hamas’s Use Of Human ShieldsThe Provocateur - Some Perspective on the Great Loan Modification ... Victory - Anger Direct ManagementSubmitted By: Joshuapundit - Robert Avrech/Big Hollywood - Learning [more...]

Date: 2009-01-14 15:49:00

A123 Systems Plans USA Battery Plants with USA Government Money

Jan 7, 2009 - A123Systems today announced it has submitted an application under the U.S. Department of Energy’s Advanced Technology Vehicles Manufacturing Incentive Program to qualify for $1.84 billion in direct loans to support the construction of new lithium ion battery manufacturing [more...]

Date: 2009-01-15 20:11:27

Acquisitions Continue: Citi Buys Wachovia

October 3 update: Wells Fargo has stepped in and placed a better offer for Wachovia. Wachovia is my main brick-and-mortar bank ... against your stock gains for tax purposes. Wachovia mortgages and student loans will become Citi’s assets ... : ...Wachovia to Start Charging for Direct Access to Quicken: ...Wachovia Reaches for More Auto Loan [more...]

Date: 2008-10-01 12:00:26

ASUS Eee PC 1005HA Review — Much To Like in this All Day Netbook

For the last six weeks or so, I’ve been using an ASUS Eee PC 1005HA netbook on loan direct from ASUS. This model is one of the top responses I hear to the question, “What’s the best netbook out there right now?” After my usage, I’m inclined to agree, although there are some other comparable [more...]

Date: 2009-09-29 16:00:19

Nixon Orders Small Business Loans To Kick Start Jobs Plan

WATCH THE KY3 NEWS @ 10 REPORT HEREGovernor Jay Nixon signs 3 executive orders:Directing the state to create a pool of $2 million dollars in low-interest and no-interest direct loans to small businesses.Establishing a task force to identify ways the state can best attract fuel [more...]

Date: 2009-01-14 05:14:00

Chase pulls out of Wholesale Lending with Mortgage Brokers

I just received this memo from Chase: “Home lending remains an integral part of our firm’s overall financial strategy, and as such, ... -originated loans acquired from Correspondent lenders. Our new strategic direction is supported ... decision, we will no longer accept any new locks and registrations from or purchase any loans [more...]

Date: 2009-01-13 20:24:21

6 Factors Shaping the Renewable Energy Industry in 2008

Many industries experienced turbulence this year and renewable energy was no exception ... It is not just hard to secure a mortgage. Homeowners wishing to pay for a solar system using a home equity loan may ... this incentive doesn't have a direct impact on renewable energy in 2008 because the law take effect [more...]

Date: 2009-01-01 01:26:22

News Roundup: LIC Raises its Stake in Over 11 Firms

Govt. Allows 100% FDI for Facsimile Editions of Foreign Newspapers - The government has allowed up to 100% foreign direct investment (FDI) ... 150-200 crore of loan repayments. Besides, the company is also looking to reschedule loans due ... banks to restructure loans taken for commercial real estate without turning them in to non-performing [more...]

Date: 2009-01-15 04:27:53

How The Right Amount Of Economic Weakness Can Help A Home Buyer

After a weak holiday shopping season, annual retail sales declined in 2008 ... , countering the inflationary impact of government stimulus and direct intervention. Inflation, you'll ... of a new home loan. For active home buyers or people entering the market this Spring, therefore [more...]

Date: 2009-01-15 16:30:00

How The Right Amount Of Economic Weakness Can Help A Home Buyer

After a weak holiday shopping season, annual retail sales declined in 2008 ... , countering the inflationary impact of government stimulus and direct intervention. Inflation, you'll ... of a new home loan. For active home buyers or people entering the market this Spring, therefore [more...]

Date: 2009-01-15 16:30:00

Debt Consolidation Mortgage Refinance - Pros And Cons

Amazon.de Widgets Many people are in need of a strategy for paying back their loans. Some people just need a point in the right direction in order to get on the right track. Sure, if we had piles of money lying around our living rooms, paying off our debts wouldn’t be an issue. Since that is not the case, unfortunately, we must weigh all of our available options in order to find the one that best caters to your financial needs. [more...]

Date: 2009-09-23 18:25:44

J.P. Morgan's earnings

JP Morgan is the best house in the worst neighborhood, but let's take a look at a JP Morgan derivative brochure ... of the loan after financing) and avoid the administrative costs of direct ownership of the asset [more...]

Date: 2009-01-15 12:34:00

UBS: Details emerge on Obama's $40B broadband stimulus

President-Elect Barack Obama is likely to direct up to $40 billion in grants and loans toward improving broadband availability and speeds as part of broader economic stimulus efforts [more...]

Date: 2009-01-15 16:20:00

Bailout Bill Must Include Help for Homeowners

Six thousand American families are due to lose their homes in foreclosure today ... have to direct the management of the corporation. The decision to do loan modifications rests [more...]

Date: 2008-09-26 16:30:48

Watcher Of Weasels Articles Are Whoppers This Week

Temps are dropping to 11 degrees tonight, there may some snow, .. ... - Some Perspective on the Great Loan Modification Scam Bookworm Room - Looking for Insults Right Truth ... - Anger Direct Management Submitted By: Joshuapundit - Robert Avrech/Big Hollywood - Learning [more...]

Date: 2009-01-15 00:21:14

Are There Funds Available?

Are There Funds Available? Posted in January 15th, 2009 Category:Credit Funds availability is the main reason people fall into debt. make money online This lack of funds may be a direct result of a job loss, medical condition, business failure, etc.. Falling behind loans is not something most people plan or want to do, life [more...]

Date: 2009-01-15 18:51:30

FNBO Direct Savings Account Opening and Review

While I’m generally happy with my ING Direct account for a good portion of my savings, ... for my student loan from a list of several ranges. As I’ve been paying more than my installment amount [more...]

Date: 2008-09-26 12:30:40

How To File Bankruptcy Online

by John Steed When an individual or institution becomes unable or incapacitated to pay its debtors, it prompts the debtor to file for bankruptcy ... country or organizations. A direct meeting with a legal officer is put in place ... are almost the same as loan application, since on is required to give a lengthy detail [more...]

Date: 2009-01-14 23:40:31

BofA Needs to Cut its Dividend

BofA Needs to Cut its Dividend Posted by: Matthew Goldstein on January 15 Bank of America reportedly needs billions of dollars in additional federal ... mortgage-backed securities and ailing consumer loans. In taking over Citi and winding down ... to expend much money—allowing the government to direct more money to banks with healthier balance sheets [more...]

Date: 2009-01-15 13:37:00

President-elect Barack Obama says preventing foreclosures is ‘number one’

“I think the most important thing when it comes to declining home values is number one, preventing further foreclosures ... January 19, is considering whether or not to direct “some of the remaining bailout money to foreclosure ... would provide lenders with incentives to modify loans that are either already in default or headed [more...]

Date: 2009-01-08 17:11:53

The Euro resumed its downward momentum against the majors yesterday in the build up to the ECB interest rate announcement and press conference

The Pound rebounded against the majors yesterday, rising to a high of 1 ... of loans to companies as European leaders acknowledged the failure of bank bailouts and spending plans ... a direct role in monetary policy through so called "quantitative easing", where authorities pump money [more...]

Date: 2009-01-15 09:32:50

TARP goes TALF as FRBNY lends against AAA ABS

For all those people out there who want to know why they're not seeing more of this government bailout money directed at ordinary folk, boy do I have an acronym for you. Meet TALF, the Term Asset Backed Securities Loan Facility ... gin up lending for things like auto loans, student loans and credit cards, essentially disappeared [more...]

Date: 2008-11-25 16:23:55

Speeding through your mortgage

By Julie Rains Now that many of you have crunched the numbers for accelerating your mortgage payoff, ... for the direct deposit of your paycheck. You record all of your transactions in the MMA software ... off their mortgage loan in 10.417 years. However [more...]

Date: 2008-12-27 15:51:28

Maybe The Bailout Worked?

I want to grind my teeth every time I think about the U.S ... that a financial meltdown has been avoided as a direct result of the government’s extraordinary ... shape that it is still hard for some people and businesses to get loans they think they deserve [more...]

Date: 2009-01-14 16:37:35

Can less money be a good thing?

Can less money be a good thing? I want to direct you to an excellent article at the B.E.L.T. blog ... is preservation’s best friend. When developers lose access to loans, they stop eyeing buildings for demolition [more...]

Date: 2009-01-13 22:30:00

Virgin Money brand weakening as Westpac launches "Ignite"

Westpac has begun writing to Virgin Money credit card holders advising them of the “exciting facelift” it will be giving the card ... a personal loan product in 2008, the brand has been hit hard by the credit crunch. Virgin’s current ad ... it is currently selling direct on its website is Richard Branson’s latest book. The group stopped selling [more...]

Date: 2009-01-15 04:58:17

The Stimulus and the Somme

Mark Thoma gives us Joseph Stiglitz and Martin Feldstein being interviewed by Charlie Rose ... . At one point, Stiglitz says that banks may be postponing writing down loans because they are waiting ... advancing over open fields. My guess is that in 1916, anyone who doubted his own ability to direct [more...]

Date: 2009-01-09 18:32:05

Accountability

Accountability is a concept in ethics with several meanings. It is often used synonymously with such concepts as responsibility, answerability, enforcement, blameworthiness, liability, and other terms associated with the expectation of account-giving. As an aspect of governance, it has been central to discussions related to problems in both the public and private (corporation) worlds.Accountability is defined as “A is accountable to B when A is obliged to inform B about A’s (past or future) actions [more...]

Date: 2009-09-29 14:02:00

The Socialist Strategy

By Daniel Greenfield Tuesday, September 29, 2009 Government is essentially a national management system, taking on those tasks that it would be unwise or unworkable to turn over to the free market. Good government functions as intended. Bad government takes over the nation and becomes an absolute force, looting and raiding public resources, suppressing individual freedoms in order to keep itself in power. In olden days this sort of government was considered a tyranny. [more...]

Date: 2009-09-29 21:15:03

Prosecutors Present Evidence of Fraud in Cioffi Case

Ahead of a scheduled trial next month, prosecutors have identified “direct evidence” that they say shows a former Bear Stearns hedge fund manager, Ralph Cioffi, used his investment in a fund he controlled to obtain a $4.2 million line of credit for a Florida real estate project. In a series of filings in Federal District Court in Brooklyn last week, prosecutors said Mr. Cioffi fraudulently pledged assets in the hedge fund he ran as collateral for a real estate loan from Busey Bank. [more...]

Date: 2009-09-28 20:39:53

Michael Moore: Interview of “Capitalism: A Love Story”

Thanks to Radical Eyes for suggesting this interview, which appeared on Democracy Now, and is available in audio.Guest: Michael Moore, Academy Award-winning documentary filmmaker. His latest film, Capitalism: A Love Story, opened in New York and Los Angeles yesterday. It opens nationwide on October 2nd.JUAN GONZALEZ: It was a year ago today when President George W. Bush gave a primetime address urging Americans to support the $700 billion bailout of Wall Street. [more...]

Date: 2009-09-27 16:29:27

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

When to Move to Joint Financial Accounts

The joint accounts for couples. It’s one of those age-old hot personal finance topics. When do you know if it’s the right time to do it? Is there ever a right time if you’re not married?  I will tell you what worked well for my wife and I. However, I realize that I might somewhat be in the minority on this one (particularly amongst married couples). There’s really three options: Shared everything. All funds go into one share account. Everything stays separate in individual accounts. [more...]

Date: 2009-09-29 20:47:44

The AIG Saga, Revisited: Gang Wars in Three Piece Suits

AIG may have lost a bit of its swagger - that's what happens when your stock tanks and the government has to bail you out to the tune of $150 billion, give or take a few billion. But tough guys don't dance, they fight back. AIG is suing NCCI and a host of major workers comp carriers (Travelers, The Hartford, Liberty Mutual, etc.) for under-reporting comp premiums and conspiring to harm AIG. That's right. All those bullies have been picking on AIG. [more...]

Date: 2009-09-29 18:39:22

Can You Get A Mortgage On a Condemned House?

The answer is a modified no. The same answer applies to property that is only structurally damaged, but not condemned. That condemnation is a matter of public record. I've seen any number of them while perusing title records. It shows up kind of prominently on the title commitment, which every regulated lender is going to require. Now it is a rule of regulated lenders that they will only lend upon the state of the property right now . If a house is condemned, you can't sell it to anyone as a house. [more...]

Date: 2009-09-28 14:00:00

The Socialist Strategy

Government is essentially a national management system, taking on those tasks that it would be unwise or unworkable to turn over to the free market. Good government functions as intended. Bad government takes over the nation and becomes an absolute force, looting and raiding public resources, suppressing individual freedoms in order to keep itself in power. In olden days this sort of government was considered a tyranny. [more...]

Date: 2009-09-29 03:15:00

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