Help Foreclosure Home Market

Several years ago, right after I purchased my home after a divorce, a housing boom made its way into the American real estate market. Housing prices soared as interest rates fell; sellers had the opportunity to evaluate several ... interest rates rose again; some sellers even had bidding wars going on over their property. Buyers [more...]

Date: 2009-01-22 16:33:25

Blog posts (343) | Videos (324)
 

Geithner’s Debut

“Not Ready for Prime Time” Tuesday was Treasury Secretary Timothy Geithner’s coming out party ... , management has to be replaced and the bad assets have to be written down. There’s no point ... economist Joseph Stiglitz sums it up like this: “The fact of the matter is, the banks are in very bad [more...]

Date: 2009-02-14 14:01:54

Too Little, Too Late for Auto Industry

By David L. Brown Here is an unusual opportunity to see a photograph that illustrates the maxim about “too little, too late.” It is a picture of the Chevrolet Volt all-electric car which is now under development ... was in full bloom once more, with the enthusiastic backing of the auto makers. The oil shock of 1973 did [more...]

Date: 2008-09-10 21:34:55

Green news is good news (mostly)

Photo courtesy of Ted Abbott at Flickr.com. A lot of news about the environment lately has been good news - there are huge solar arrays being ... than even knew what recycling was 20 years ago. But, there’s some bad news on the environmental desk ... their certification. This is a little bit of a good news / bad news situation, because the problem [more...]

Date: 2008-12-08 22:40:02

We almost lost Detroit -- and may still

Could the Detroit automakers have come off looking anymore callous and indifferent than they did yesterday, ... to provide them with a bridge loan as part of a bailout designed to stave off their collapse. The $25 ... before Christmas. The economic effect of the car manufacturer’s collapse, the executives claimed, would [more...]

Date: 2008-11-20 18:52:00

Auto makers back to the public trough asking for more

Back in mid-December when the 1st auto-maker bailout was being considered, I thought it was a bad idea ... in Congress directing the car makers in Michigan to make this or that kind of vehicle. No one forced them ... of shackles on those car companies, either. Everything that’s wrong with the Big 3 has been a combination [more...]

Date: 2009-02-18 14:09:01

Clayton Makepeace: A Conspiracy of Imbeciles

A really great article here by Clayton Makepeace on the current economic turmoil. Clayton is one of my favorite marketers - I read his blog religiously for marketing insights. At the end of his article, he encouraged people to link to the article or post in its entirety - so I am doing both. Enjoy, and prepare yourself to get riled up! [more...]

Date: 2008-10-01 13:33:00

No Cash Yet For Chrysler; Treasury Favors GM?

Although I don’t necessarily agree with The Wall Street Journal’s editorial this past Friday (January 2, 2009, pg. A14) ... – Treasury to Ford: Drop Dead — I must concur that the federal GMAC Financial Services government’s handling of the $17.4 billion loan package for the auto industry is a curious one. Ford isn’ [more...]

Date: 2009-01-05 07:11:23

Her concerns

The following is a newsletter from Congresswoman Ginny Brown-Waite ... Detroit Needs a New Business Model, Not a Taxpayer Funded Bailout As you may ... Auto Workers (UAW) President Ron Gettlefinger. No one doubts the Big Three are in trouble. Chrysler [more...]

Date: 2008-12-23 15:28:00

Using Good Debt to Pay for a House, Car, or Education

Hello again! Cate here, talking, as usual, about debt. The point of my series here at Queercents is to talk about the dangers of getting into debt ... my auto loan from Capitol One and walked into the dealership with a loan ready to go–it saved ... that will produce concrete benefits to your life. The bad kind of credit card debt that I’ve talked about [more...]

Date: 2009-01-16 02:45:14

Not Doomsday For Capitalism

The Bush-hating Left has been slamming the "Bush Economy" since the last recession, the recovery, a record-setting expansion, and now the crunch with equal calumny throughout.Now they have a real (and very conveniently timed) downswing that they can celebrate.But it was never as bad as slandered when it was doing well [more...]

Date: 2008-10-08 18:51:00

A Rescue Plan for the Middle Class

Barack Obama delivered a speech in Toledo, Ohio this morning in which he proposed new ideas for dealing with our current economic crisis ... to double $25 billion the government loan guarantees for automakers and to temporarily eliminate taxes ... got auto plants right here in Ohio that have been around [more...]

Date: 2008-10-13 18:19:42

No Collateral Is Needed For Unsecured Personal Loans

by Dave Davis In order to qualify for many type of loans, you will have to have an asset to use as collateral ... that are in this situation. Although this type of loan often carries a high interest rate, anyone with a solid credit ... . Individuals with poor credit will usually pay a much higher rate, or won’t be able to secure a loan [more...]

Date: 2008-10-22 09:40:09

PFBlogger Spotlight: Green Panda Treehouse

What color is US currency? It’s green. What’s one of the most content creatures on the planet? Well, one of them is a panda ... of it. I got a credit card in college and like many of my friends, I charged on it like crazy ... some of my friends (who would return the favor and use their credit card next time). I also thought [more...]

Date: 2008-08-07 16:28:03

Auto Industry -- Take II

A couple of weeks ago, I wrote about the many, many problems plaguing GM and the other leading U.S ... , Congressional Republicans followed the same logic I espoused in that post, pushing back on these blank-check ... and Ford have indicated that they need under $10 billion apiece, and mostly in the form of loan [more...]

Date: 2008-12-04 16:56:00

The Future of financial literacy here, and around the world

Financial literacy (understanding the language of money) is absolutely essential to living a successful and independent life ... the banking crisis was bad, wait until you experience a full blown crisis of consumer confidence ... financial literacy, you end up with an over leveraged economy and a credit bubble that pops, taking [more...]

Date: 2008-12-14 03:56:39

Daily Update: February 19, 2009

Again, no saints to honor; so again we turn to History, and find that on this date in 1942 President Franklin D. Roosevelt signed Executive Order 9006. This order authorized the Secretary of War and U.S. armed forces commanders to declare areas of the United States as military areas “from which any or all persons [more...]

Date: 2009-02-20 00:46:28

Bottoming Process Continues

SUMMARY: - Stocks rebound even after weak jobs data in a pre-weekend relief bounce. - Jobs report confirms the weakness the prior reports indicated ... for the week) as the bank loan guarantees continue to loosen credit. Problem is, we are still ... are and how bad banks view the world economies. Nonetheless, stock futures ignored the credit [more...]

Date: 2008-11-09 21:08:13

Free Useful Advice About Your Finance Update

To understand where we are we need to define where we have been going. This process has taken many centuries. Yet some think it can be solved with the use of a pen. Let’s begin with the concept. Finance is the process of channeling funds from savers to users in the form of credit, loans, [more...]

Date: 2009-02-24 19:15:52

Those Short-Sighted Sons a' Bitches

More on the Big 3 soon, but for now...Let's imagine for a second that we just accept that the Big 3 automakers are struggling because they can't compete in the auto marketplace largely because they are saddled with high labor costs. Let's ... that Japanese and European car makers cram their cars with. When I think about the super car of tomorrow [more...]

Date: 2008-11-19 15:57:00

After $700B, What Can be Done

SUMMARY: - Stocks rally to House vote despite jobs report, then hedge funds sell the rally. - Is there a panic in the house? ... loose credit and more. After $700B, however, what can be done? - Sentiment, internals hit extremes ... out of the market. Second, the bailout passed wont rescue the economy; it is simply a measure to free up credit [more...]

Date: 2008-10-05 18:37:45

car loans

car loans Filed under: Autos, Finance, Loans, Shopping Effective Search Techniques for Online Car Loans The Internet has become the financial hub ... . Our example is in search of an auto loan, and they have bad credit. So let’s “ask grandpa” where ... , I will be posing as a consumer with credit trouble interested in getting a car loan. The First [more...]

Date: 2008-09-30 16:28:10

Government bailout fail.

Surprisingly little wind has been passed over the news of the Fannie Mae/Freddie Mac bailout ... when it would be so easy to refinance? The banks rolled all these “subprime loans” into securities which ... the lender from the damage of an individual bad mortgage, but pooled that risk into something [more...]

Date: 2008-09-10 18:07:24

Permanent Link to this article

With the G20 Top Finance Ministers On Their Way, Call It What You Want, But Treasury Secretary Henry M. Paulson Recognizes That The Idea Of Buying “Toxic Assets” Would Have Required The Buying Of The Whole Economy Balloon. Posted on Sustainabilitank.info on November 12th, 2008 by Pincas Jawetz (PJ@SustainabiliTank.com) [more...]

Date: 2008-11-12 23:53:46

Once again in bad times Unions take a hit

Like clockwork whenever an economic downturn hits a manufacturer, the “let’s blame the Unions” criers come out of the wood work ... ) The credit crunch and other economic issues have hit all auto makers not just the US Big ... $70 an hour. Sen. Jon Kyl: “For years they’ve been sick. They have a bad business model [more...]

Date: 2008-11-24 07:27:43

Terrorist Bankers

February 13, 2009, 8:50 a.m. Understandable -- and Productive -- "Public Anger" (brought to you by FromDC2Iowa.blogspot.com *) After eight years of hunting, America's top intelligence and law enforcement agencies have finally found the most deadly terrorists threatening our nation's national security. Who are they? Bankers [more...]

Date: 2009-02-13 13:28:00

Car Loans

Car Loans Filed under: Autos, Finance, Loans Effective Search Techniques for Online Car Loans The Internet has become the financial hub of the ... . Our example is in search of an auto loan, and they have bad credit. So let’s “ask grandpa” where we would ... as a consumer with credit trouble interested in getting a car loan. The First mistake people [more...]

Date: 2008-09-30 16:29:28

Address to Joint Session of Congress

Did you watch? What are your thoughts? (I was actually impressed by how often the Republicans in the chamber stood and applauded.) The full text of the president’s speech, as prepared for delivery, may be read below the fold. Remarks of President Barack Obama – As Prepared for Delivery Address to Joint Session of Congress Tuesday, [more...]

Date: 2009-02-25 03:50:46

"Been a long time, been a long time..."

This is the bullet point version of the last two weeks or so:The 2 1/2 hour drive to Sassy's house took me 4 1/2 hours Halloween night ... insurance and I got GAP insurance when I bought the car, so I should end up not owing my auto loan ... then). Voted NO ON PROP 8 on the 4th. And voted for some other stuff too.Got into a bad car accident [more...]

Date: 2008-11-11 22:43:00

Credit Crunch; How To Get A Car Loan?

National Credit Crunch upon us, can I get a Car Loan? This is the question among Car Dealers and customers across the country! Is this a real crisis? ... . 6. Remember there is an Auto Loan For Any Credit 7. If you are a New Car Buyer, now is the time to make ... and Mortgage crisis has gained media attention because of the election, but what about the [more...]

Date: 2009-01-14 04:40:50

Worse Than You Think – Part 3

The three largest automakers in the United States have clearly been deficient in their diligence and results. While there are structural and procedural differences between them what is common between General Motors, Ford, and Chrysler is an inability to produce a viable core product [more...]

Date: 2008-12-03 19:45:38

Here It Is: My Long-Awaited And Tremendously Under-Informed Opinion (At Least Of Late) About The Financial Crisis

Important people are telling us to be afraid... very afraid... of what will happen if we don't "fix" this "thing" ... depended on the credit markets to finance your auto loan — and now that the credit market has dried ... it affects us all: This is a credit crisis. It’s all about confidence. What you can’t see is how bank [more...]

Date: 2008-10-01 16:27:41

The economic crisis: a good thing?

I’m kind of thankful for the economic crisis. This is essentially a credit crisis that began with risky and sometimes flat-out bad home loans ... , if not impossible, for lower-income people with poor credit to purchase a new car. Car dealerships and auto ... getting a modest car loan will be a challenge. Here’s the new trend in car loans we’ll see [more...]

Date: 2008-10-02 17:48:41

Don’t Get Stung By Auto Leasing Like I Did!

Here’s the truth about vehicle leasing, especially bad credit auto leasing is that leasing is a choice that’s filled with several pitfalls for the ... them: 1. An unusually low interest rate: Some bad credit auto dealers will offer up a lower interest ... s the biggest leasing scam of all? This is! You ask your neighborhood bad credit car dealer how much [more...]

Date: 2008-10-03 01:05:22

The Law of Money

Nothing has value in a transaction unless all participating parties agree it has value ... ;3. A mortgage crisis, with high risk of foreclosure and loan defaults; and4. The major automakers’ ... their core operations, and a demonstrated arrogance against admitting that their business model [more...]

Date: 2008-12-22 18:53:00

Bad Credit Automobile Financing

Many people have utilized the World Wide Web in recent years and have found that they are able to obtain new and used car financing for far better ... for credit issues, they can always apply for online low interest rate car loans as the internet auto loan ... after a long day, looking for the best car loan isn't exactly at the top of their list. [more...]

Date: 2009-02-26 04:47:09

5 Things Beyond My Understanding.... (as on 11/24/2008)

1. If Banks/Finance Sector, Why Not Car Companies?     AIG got bailed out. The Execs go on a resort holiday gig and get caught on tape . Then Mr ... . But does the credit history of a person who took the loan get modified/revised to show that the bank ... was NOT a retail banking giant. It is a credit card giant - I do not know what to term the bank [more...]

Date: 2008-11-24 21:00:00

Bubbles and The Current Financial Crisis

"Bubbles! Bubbles!... My bubbles!" -a cartoon character from Finding Nemo Is there an end to the current financial bloodbath that is plaguing the ... is the proverbial headlight of an approaching express train. Folding banks, closing auto ... of years. In particular let me quote the following: 'Standard & Poor's chief economist David Wyss [more...]

Date: 2008-10-21 18:47:44

0% Global Interest Rates Totally Destroys Banking

October 29, 2008 Elaine Meinel Supkis World stock markets are shooting up like a rocket based on the perception that the G7 central bankers and ... by an orgy of 0% financing. Sounds like all those auto commercials. As we watch the entire concept ... . Just like those auto loans at a fake 0% interest rate: read the fine print and see the truth. Three [more...]

Date: 2008-10-29 14:46:57

Is Auto Leasing Right For You?

Here’s the truth about auto leasing, especially bad credit auto leasing is that leasing is a choice that’s filled with several booby traps for the ... leasing scam of all? This is! You ask your neighborhood bad credit car dealer how much will it cost ... to avoid them: 1. A very low rate of interest: A few bad credit lenders will offer a lower rate [more...]

Date: 2008-08-24 13:51:40

President Obama’s (N)SOTU

Last night, Pres. Obama gave his (non) State of the Union addresses before a joint session of Congress. Below is video and text. Watch CBS Videos Online TRANSCRIPT (after the jump) : Madam Speaker, Mr. Vice President, members of Congress, the First Lady of the United States — (applause) — she’s around here somewhere [more...]

Date: 2009-02-25 15:53:26

Get Important Advice About Your Banking Experience

To understand where we are we need to define where we have been going. This process has taken many centuries. Yet some think it can be solved with the use of a pen. Let’s begin with the concept. Finance is the process of channeling funds from savers to users in the form of credit, loans, [more...]

Date: 2009-02-03 03:09:57

Toyota Asks for Loan

Underscoring how bad things are in the automobile industry, even Toyota and Nissan are looking for help: Toyota’s financing unit is in talks with a Japanese government-backed bank on possible lending, the automaker said Tuesday, underlining the serious woes facing the car industry amid plunging [more...]

Date: 2009-03-03 11:47:13

Unemployment Rate at 14-Year High After Big October Losses

side note: I really think it’s going to be a rough year…. ... Squeezed by tight credit and plunging spending power, the American economy is shedding jobs ... , these are very bad numbers,” said Nigel Gault, chief domestic economist at IHS Global Insight. “ [more...]

Date: 2008-11-07 15:22:05

Why Free-Marketers Oppose US Auto Bailout

I've been following the story about the auto industry's request for a $25 billion loan package with great interest ... for me to feel sorry for American car companies, especially when the CEOs of General Motors, Chrysler ... to survival in today's intensely competitive auto market. "Simply by raising the fuel economy [more...]

Date: 2008-11-21 13:26:00

Happiness and healthiness

Recent scientific studies prove what ancient people have known from, well, Antiquity, and namely that individuals who are always in a good mood and remain positive throughout the day experience less diseases and less sickness than those who are always gloomy. Researchers from the University of Kansas (UK) [more...]

Date: 2009-03-05 23:18:21

Purchasing Your New Automobile Even With No Credit

Are you having difficulty in securing a loan for the purchase of a new car? If so, then you should check your credit record ... . This can impact both loans and insurance so be sure to look at cheap car insurance quotes on line.bad ... with poor credit are turned down.You will ask yourself “How can I get an auto loan if I have a worst [more...]

Date: 2009-01-31 14:31:00

Credit Crunch Roundup — November 13, 2008

Items of Interest:David Herszenhorn / NY Times:Dodd Says Auto Bailout Lacks Votes in Senate -- Senator Christopher J ... contracts, dealership agreements and financing agreements by, for and with General Motors, Ford ... to U.S. automakers in exchange for a government ownership stake in Detroit's car [more...]

Date: 2008-11-14 04:54:00

Lenders Set Tougher Requirements for Securing Auto Loans

There is no questioning the fact that the financial landscape of America is facing some tough times ... of credit. It’s especially tough for the auto industry, where consumers depend heavily on vehicle financing. Towards that end, it is simply tougher to get an auto loan. At one point it was very simple [more...]

Date: 2009-01-19 17:09:45

Portugal Sustains

“Art has a function of teaching about the human condition. We live in hope, hope is fundamental” - Manoel de Oliveira Manoel de Oliveira (photo and quote above) is a living example for the Potuguese people of how to force their way out of the low growth/low per capita income trap into which they have steadily stuck their neck. Oliveira [more...]

Date: 2009-01-12 14:37:23

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