Gates of Vienna News Feed 9/29/2008

USABankruptcy of US Banks: Can Islamic Banking Help? ... to avail more debt finance, it such a system could better save our financial and economic enterprises [more...]

Date: 2008-09-30 00:56:00

Blog posts (172) | Videos (236)
 

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

New Year Resolution #1: Financial Fitness in 2009

Worried about the economy? Been hoarding all your pennies lately? You’re not alone ... ? If you have credit card debt, ask yourself why. That list on your credit card statement….was each one of those card swipes necessary? If they were, consider consolidating. Call your current credit card [more...]

Date: 2009-01-07 22:51:21

Debt Rattle, September 10 2008: Unintended Consequences

National Photo Co. Peace and Progress September 29, 1924. "Mrs. LaFollette at Mountain Lake Park, Maryland." Ilargi: Looking at the fall-out from the Fannie and Freddie bottomless pit bail-out, I can’t help combining in my head the financial news with reports on the Hadron particle accelerator. Protesters claim it could create black holes [more...]

Date: 2008-09-10 19:11:37

Robert Says “Please help. I never knew financial burdens can cause so much stress.”

Robert wrote to me through the GetOutOfDebt.org site and asked the following question ... w/escrow. I am $66,000 in credit card debt @ $1520. per mo. Married with 4 children and over my head in bills it’s hard to put food on the table. My income is $5400 mo. I have $34,000 of credit card debt [more...]

Date: 2008-10-19 22:04:31

Back to Financial School

by Mary Bush Can it be?! It’s hard to believe, but millions of people are preparing to go back to school already ... . About the Author: Debt Consolidation Help Cash Back Credit Cards: Let Your Credit Cards Pay You [more...]

Date: 2009-01-02 10:53:48

Finding Debt Redemption

Dave Ramsey, the high-octane money-management guru, radio host and author of "Financial Peace," tours the country counseling Americans on something he knows all too well: debt. His advice came in harsh but helpful words. Click here for the full story. [more...]

Date: 2009-01-15 16:06:04

The Financial Foibles of Linda Flores

We live in tough economic times. Our financial system is scrambling to avoid a global meltdown and lots of folks are having trouble making ends meet ... . Linda Flores, R-Clackamas, to help cover a 3-year-old automobile debt. The matter reawakens questions of personal debt, which became an election issue two years ago when Flores defeated a [more...]

Date: 2008-09-19 17:53:26

ChristianPF articles free for reprinting

I have been getting an increase of emails lately asking for permission to reprint the articles found on ChristianPF.com ... know I write mostly about financial topics: budgeting, saving money, getting out of debt, making money ... of their money and to become great stewards. If I can contribute something to help that come to pass [more...]

Date: 2009-01-08 16:18:00

AMD expected to report large fourth-quarter loss

AMD expected to report large fourth-quarter loss Posted on Friday, January 16 2009 @ 00:05: ... Co. Analysts say the plan could help ease AMD's financial burdens. "The asset-light restructuring can't come soon enough to improve the balance sheet (debt reduction, cash infusion), reduce [more...]

Date: 2009-01-15 23:23:00

The ?Financial Adviser? in the Middle of the Blagojevich Scandal

Was disgraced Illinois Gov. Rod Blagojevich strung along in his delusions by a deal maker who should have known better? ... Sam Zell needed to sell the Cubs to help pay down Tribune’s debt. As part of that effort, Zell [more...]

Date: 2008-12-11 12:02:00

REPORT: Aston Martin in jeopardy as parent company Investment Dar in financial turmoi

Is Aston Martin on the brink of insolvency? Britain's Guardian is reporting that the Kuwaiti fund that owns half of Aston is having trouble refinancing the debt it's incurred during the recent global economic crisis. It hasn't help that the fund failed to report its 2008 financial records on time and subsequently had trading halted on its shares. All isn't doom and gloom, however. [more...]

Date: 2009-09-29 19:52:37

Mary & Bob Write In Retiring And Financially Concerned

Mary and Bob both wrote the me through the GetOutOfDebt.org site. If you have a credit or debt question you can write me for help also. “Dear Steve, I’m living on small social security check [more...]

Date: 2008-09-30 22:04:35

Don’t Forget - Today You Can Get Free Advice From Kiplinger and the NAPFA

Kiplinger is parterning with the National Association of Personal Financial Advisors for an event called Jump-Start Your Retirement Plan Days ... your questions. From saving for retirement, paying off debt, or even estate planning, they are there to help.  There are two ways to have your question answered. You can simply submit a question online [more...]

Date: 2009-01-13 15:48:59

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

Education Imperative to Help Borrowers Cope Says Burgess

(Finance News and Information) The financial services industry has a huge educational task to fulfil if it is to protect the millions of homeowners that are currently struggling with their mortgage Having been quick to offer debt to consumers SaraAnn Burgess a director at payment protection insurance httpwwwbritishinsurancecom PPI specialist [more...]

Date: 2008-12-22 08:17:07

Having Problems Paying Your Bills?

Take a few minutes off and answer the following questions.1. What financial concerns are giving you headache right now?a. Credit card billsb ... in debt, try this next suggestion. My Fapturbo is an automated trading system that will help ... 1?a. File a loan to pay other loansb. Drop the insurancec. Declare bankruptcy d. Take second [more...]

Date: 2009-01-15 20:15:28

Conducting a Financial Triage

Nearly every day, we are contacted by debtors desperately seeking help and answers: "Do I qualify for bankruptcy?" "Will I lose my house? ... and lots of credit card debt might be better off in a Chapter 7 bankruptcy. In order to assess a debtor's ... , a wage garnishment or an eviction. Careful analysis of the matter is still required [more...]

Date: 2008-09-24 05:00:09

Nasheed should stop taking the begging bowl to India and international loan sharks to acquire hundreds of millions of foreign debt: The best way forward to deal with the country’s financial need is to introduce a tax system

The front page of Hindu stated President of Maldives Mohamed Nasheed seeks diverse help from India ... in the Maldives and in line with international best practice. 2. To attempt to all possible avenues [more...]

Date: 2008-12-26 23:26:46

Financial programs for the mac.

Many people have written about this before, and many more will follow. What can I say, I couldn’t help myself ... . I won’t go into the psychological reasons why people get into debt and how to use psychology ... some bills - Set up a budget - Set up a payment plan for my creditcard / loan. The sample file [more...]

Date: 2008-12-17 01:10:48

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

What is a cram down in bankruptcy?

We’re answering this question a lot lately more than likely because of the headlines Citigroup — among the largest financial institutions on the ... of the economy — and more and more troubled mortgage borrowers falling deeper into debt — it appears that Citigroup is willing to go along with a possible major plan to help alleviate  the foreclosure [more...]

Date: 2009-01-14 17:28:09

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

Financial Resolutions for a new year...

A new year brings a whole bunch of 'new light' to our lives ... cleared up, consolidated and done with. It's not easy to get rid of debt, and it's not going ... who are in debt and trying to find a way around that with limited funds? Trying to find help [more...]

Date: 2009-01-14 23:28:00

IRS Help for Taxpayers Owing Back Taxes

If you currently owe the IRS and are having trouble making payments due to your current financial condition, there may be relief for you from the IRS. While they won't forgive the debt, they will make ... with an installment agreement in place. They may be allowed to miss a payment or even reduce [more...]

Date: 2009-01-10 17:19:13

Facts And Figures About Bill Consolidation

September 4, 2009 | By Imus Jackson In Finance | by Imus JacksonYour credit rating is becoming obscene, your bills are out of control, you have more debt than you can face or ever hope to pay off, and you cannot sleep at night because of all of this. What to do. Well, the best way to approach this situation is to get some help in the form of a credit counseling service that can initiate bill consolidation and start to get you back on the right track financially so you can enjoy life again [more...]

Date: 2009-09-05 03:22:15

Advice to Pres. Obama #1: An Actuary's Impractical Perspective

The suggestion was made to Oil Drum staff that some of us might want to write recommendations relating to President Obama's energy policy ... our financial problems behind us. This is a tough one. There is vastly more debt in the world than can ever ... . A fractional reserve banking system requires continued growth, in order to pay back all of the debt [more...]

Date: 2009-01-12 14:42:43

Full Court Press by digby Oh Goody. More bipartisan establishment institutions join with Pete Peterson to give the Republicans and the Blue Dogs excuses to ensure that the government can't do what's necessary to stave off a depression: To modernize an outdated Congressional budget process in light of the daunting economic challenges facing the [more...]

Date: 2009-01-15 04:51:00

President Bush farewell speech (text)

Fellow citizens: For eight years, it has been my honor to serve as your President. The first decade of this new century has been a period of consequence – a time set apart. Tonight, with a thankful heart, I have asked for a final opportunity to share some thoughts on the journey we have traveled together and the future of our Nation [more...]

Date: 2009-01-16 03:14:37

Credit Rating Agencies

The WSJ ran an editorial the other day arguing against the New York Fed’s proposal to create a central clearinghouse for credit default swap ... : Me: I could see why a million little shops analyzing debt and selling their analysis could make sense ... s clearly a legit problem. But what is the point of them for the private sector. Why are their opinions [more...]

Date: 2009-01-16 00:21:02

What is a cram down in bankruptcy?

What is a cram down in bankruptcy? We’re answering this question a lot lately more than likely because of the headlines Citigroup — among the ... borrowers falling deeper into debt — it appears that Citigroup is willing to go along with a possible major plan to help alleviate the foreclosure situation. Is it an effective solution? The Mortgage [more...]

Date: 2009-01-16 01:00:03

The Valuation Blues (aka How FAS157 Is Tortuous)

I'm all for transparency and mark to market. As Roger Ehrenberg has blogged about consistenly, investors need to know what the underlying securities are worth inside banks, brokerage firms, insurance companies, hedge funds, private equity funds, and yes venture capital funds. The FASB (which governs accounting standards in this country) [more...]

Date: 2009-01-15 13:03:55

Democrat culture of corruption- Richardson chapter

Ex-investment officer says N.M. lost $90 millionby Tim KorteAssociated Press Writer A former investment officer for the state's educational pension ... in collateralized debt obligations offered by Chicago-based Vanderbilt Capital Advisors and Vanderbilt ... governing board. The lawsuit, filed on behalf of the state under a 2007 law, seeks damages [more...]

Date: 2009-01-15 17:40:17

Avoiding Bankruptcy

Avoiding Bankruptcy completely would be best for anyone considering the options, however in some cases, ... to attain a loan again, for example, and it will in fact stay in big red letters on your credit report ... would be speaking with a credit counselor. They have the ability in helping you possibly consolidate [more...]

Date: 2009-01-16 02:11:52

Farewell Address: President George W. Bush

THE PRESIDENT: Fellow citizens: For eight years, it has been my honor to serve as your President. The first decade of this new century has been a period of consequence — a time set apart. Tonight, with a thankful heart, I have asked for a final opportunity to share some thoughts on the journey that we have traveled together, [more...]

Date: 2009-01-16 03:50:14

How to Replace Bad Financial Habits With Good Ones

This is a guest post from Leo Babauta of Zen Habits. His first book, The Power of Less, was recently published by Hyperion ... situation? Some ideas: Impulse spending. Overuse of credit cards or other debt. Spending without tracking ... stem from our financial habits. Bad financial habits lead to overspending, too much debt, a house [more...]

Date: 2009-01-14 13:00:09

7 Business Mistakes That Nearly Broke Me… Literally

Over the past 6 years I founded 9 .com companies. Most of the companies failed miserably and lost me a million dollars or so, but luckily a few of them did well enough to cover my loses. The main reason I had a lot of unsuccessful ventures is because I made some really big mistakes [more...]

Date: 2009-01-15 07:37:29

Financial Turnaround - If you are a farmer or fisherman, there

Financial Turnaround - If you are a farmer or fisherman, there The one sensible way to turnaround your business and stop business liquidation ... of wealth owing to an unsuccessful restructure. Most turn around projections include items like debt management, equipment leasing, financial resource based lending and the raising of capital funds. New [more...]

Date: 2009-01-15 23:33:09

My 2008 Discretionary Spending: Progress and Challenges

For nearly three years, I’ve chronicled my adventures as I learn about money management. I’ve dug myself out of debt, quit my job to write full time, and begun to build wealth. But how well do I practice what I preach? For the most part, I follow my own advice. I believe there are two [more...]

Date: 2009-01-12 13:00:06

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

20 Questions for the Secretary-Designate

In preparation for Secretary of Education-Designate Arne Duncan's confirmation hearing in the Senate tomorrow, ... to improve student achievement and narrow achievement gaps? How should the federal government be involved ... use of static test scores or do you favor a model that compares individual student growth from year [more...]

Date: 2009-01-12 18:37:34

Personal Finance Tips

by Jim Parker Do you know the best way to financial freedom and wealth? You might be surprised at the simple things you can do to be just like them ... finance. Personal finance includes topics like budgeting, retirement, savings and debt management ... you end up with debt. To gain balance in your personal finances you need to be debt free. This comes [more...]

Date: 2009-01-15 20:01:49

Ask the M-Network: What to do if you’re deep in debt

Last week the M-Network rolled out a new feature:  Ask the M-Network.  This week, we’re going to answer a question about debt from one of my readers ... to know if this is credit card debt or some other debt - there is a big difference. If credit card debt, then you might want to think about going to a consolidation company who can work on your behalf [more...]

Date: 2009-01-14 12:00:07

FHA Mortgage Insurance Fund Down 40%

Mortgage Law Central reports today on FHA’s Oversight Capability.  The House Committee on Financial Services held a hearing to look into the recent Business Week story alleging that predatory lenders are alive and well originating FHA loans. The committee listened to testimony from HUD on the approval process for FHA lenders, [more...]

Date: 2009-01-14 22:30:06

High Priced Republican Party Propaganda Campaign Seeks To Undermine Workers' Free Choice

America's working families turned out in droves last November. Eight years of economic and fiscal policies designed to pauperize them and redistribute wealth upwards was more than enough and even Obama's hint of "hope" was better than McCain's iron clad guarantee of four more years of the Bush economic miracle [more...]

Date: 2009-01-13 18:00:00

10 Ways to Get Out of Debt on the Road to Financial Freedom

Debt is a word that has many negative connotations attached to it simply because it is the number one reason the vast majority of people are facing ... to into debt. Banks, mortgage lenders, credit card companies, pay day loan services, and car loan ... you are working your way out of debt. 4. Credit Cards – Credit card debt is a leading cause [more...]

Date: 2009-01-16 00:24:23

Admitting When You’re Wrong

I’m just watching the outgoing American President George Walker Bush (or Dub’ya to all you down south) make his farewell address, and I do have say it was outstanding. Whatever you think or have to say about the guy, he is definitely a very confident and responsible man who is willing to take the fall for when he was wrong, [more...]

Date: 2009-01-16 03:56:00

Shame: Baby Orangutan Used as Collateral for $100,000 Loan at Florida Zoo

BY SCOTT PAGE Source: Gulf Breeze News Scott Page/Gulf Breeze News Three-year-old orangutan Indah plays alongside her mother, Sara, ... the child is seven or eight years old. Danyelle Lantz, executive director of the animal park, explained ... to step in and help, so she is working with the private owners of the zoo to try and get the debt paid off [more...]

Date: 2009-01-15 15:34:43

Times Co. sees need to educate reporters, analysts about debt

The back-and-forth between Michael Hirschorn of The Atlantic and The New York Times about The Old Gray Lady’s long-term health – or, ... , I have spent more time helping both financial analysts and journalists understand our debt. Someone recently said to me, ‘Equity analysts have become debt analysts.’ I think that’s true,” Mathis said via e-mail [more...]

Date: 2009-01-15 23:01:22

Secured Debts - Why Your House Mortgage Must Not Be Overlooked

A simplify definition of debts are money due or own to people under an express agreement to repay ... of the property, and is based on the principle that if you fail to pay or default on your payment ... is to be avoided whenever possible. When that happens, you also lose all the payment that you have already [more...]

Date: 2009-01-15 23:26:29

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