In The News Today

"During times of universal deceit, telling the truth becomes a revolutionary act" – Orwell Dear CIGAs, I am Outraged. This is simply too much ... to be funded under the programme are pools of credit card receivables, automobile loans and student loans ... loans under the Term Asset-backed Securities Loan Facility (TALF). This includes hedge funds, [more...]

Date: 2008-12-22 17:17:41

Blog posts (490) | Videos (168)
 

US Senate Approves $25B Loan Package for Auto Industry (corrected)

In a special session on Saturday, the US Senate passed leglislation including authorization for $25 billion in low-interest loans to automobile ... principal. Section 136 of EISA 2007 directs the program loans for automobile manufacturers and component ... . The retooling provision instructs the Department of Treasury to provide up to $25 billion in [more...]

Date: 2008-09-28 12:30:49

INCENTIVES (LOANS) FOR NEW VS. EXISTING BUSINESSES

Who knows what was really behind the block Republican Senators from Southern states reportedly put on the bridge loan for American automobile ... automobile manufacturers put the kibosh on a simple bridge loan to retain and grow domestic manufacturers [more...]

Date: 2008-12-24 13:00:00

The Banks Want it All

FED chairman Ben Bernanke said in a London speech yesterday that the banks need the rest of the TARP (i.e. bailout) money -- and more besides ... enormous losses as millions of consumers default on their mortgages, credit cards and automobile loans. Other losses are expected on loans made to commercial real estate developers, small businesses [more...]

Date: 2009-01-14 13:08:00

John Allison's letter to Congress

I've just managed to track down a source for some of the content of John Allison's Sept. 23rd 2008 letter to Congress. ( ... to purchase credit card loans, automobile loans, etc. The government should directly purchase housing ... companies. Corrections are not all bad. The market correction process eliminates irrational competitors [more...]

Date: 2009-02-21 18:07:12

You call this a perp walk?

Link to this post | Comments (36) A good bank’s perspective on the bailout A letter to Congress from John Allison, ... card loans, automobile loans, etc. The government should directly purchase housing assets, not real [more...]

Date: 2008-09-27 14:14:58

Financing Auto Loans or Car Loans After Bankruptcy

If you do not begin establishing a good credit history after bankruptcy, your credit score will not improve. If filing bankruptcy, it is wise to educate yourself on ways to quickly boost credit rating. One such tactic includes financing an automobile. Most auto loan lenders offer loans to people with bad [more...]

Date: 2009-02-19 06:40:08

A healthy bank's perspective on the bailout

A letter to Congress from John Allison, CEO of BB&T: 1. Freddie Mac and Fannie Mae are the primary cause of the mortgage crisis ... to purchase credit card loans, automobile loans, etc. The government should directly purchase housing assets [more...]

Date: 2008-09-27 13:46:32

New NewMexiKen Poll

What should the Federal Government do about the American automobile industry? Government loans with strict controls (czar) Government loans (bailout) Nothing (bankruptcy or liquidation) Government structured bankruptcy Nationalize (government ownership) View Results Some background, especially [more...]

Date: 2008-12-13 21:13:17

Getting the Most Out of Auto Financing

For most people, buying a car means having to obtain an auto loan ... to buy an automobile will have to acquire the proper loan before anything else can be done ... that are sold at dealerships. In most cases, an individual looking to buy a vehicle will need a loan because [more...]

Date: 2008-12-06 16:20:46

BB&T (BBT) CEO Slams Bailout (pfblogs.org)

Well, this sort of truth telling (even if the bailout "is" necessary) puts BB&T (BBT) ... to purchase credit card loans, automobile loans, etc. The government should directly purchase housing [more...]

Date: 2008-09-30 19:23:40

Corning Leader’s interview with Massa

Yesterday’s Corning Leader has a great interview with Eric Massa discussing his orientation and his priorities as he takes office this week ... all relevant to the automobile bridge loan bailout and saving the domestic auto industry. It really was not business as usual. There was a terrible sense of urgency in Washington I have never seen [more...]

Date: 2009-01-05 14:07:33

Paris Unrest Will Spread Around World

Over a million French workers have taken to the streets to protest President Nicolas Sarkozy bailing out banks and the wealthy leaving the middle ... were without teachers and the workers bitterly demonstrated. The automobile industry ... that banks loan money to people who can’t afford to repay the loans and regulated industry to the point [more...]

Date: 2009-01-30 05:56:27

Democrats Don’t Want to Assume Leadership

Cowards: WASHINGTON – House Speaker Nancy Pelosi called for “emergency and limited financial assistance” for the battered auto industry on ... was needed “in order to prevent the failure of one or more of the major American automobile ... loans to the auto industry, but lawmakers are expected to return to the Capitol for a brief [more...]

Date: 2008-11-11 23:50:38

Canandaigua National Bank on Credit Availability

Reports from places that do not vote Democrat seem to suggest that local banks are in much better shape than the media and Congress would have you ... , we pledge your automobile loans, and with this pledging we have access to over $125 million. Thus ... the deposits from people we know and make loans to people we know. We recycle the dollars depositors [more...]

Date: 2008-10-17 16:00:00

The Frightening Bush Legacy

OP-EDAlthough the Bush administration has now come to an end, the Bush legacy will live on ... disbursed has been lax. And, depending on whether or not the riskiest loans are factored in, the total ... %)Household debt includes credit card debt, automobile loan payments, mortgages and other forms [more...]

Date: 2009-01-21 12:00:00

Why Main Street should support this rescue

You know its bad when my wife, who under normal circumstances immediately dozes off when I start talking economics, ... environment. Forget about automobile loans or business ... held by the lender, but sold to investors. Lenders don't want to use deposits to make loans right [more...]

Date: 2008-09-30 15:00:00

Totally Auto-ma-tic

GRAND RAPIDS, MI - John McCain's campaign fielded a conference call this afternoon with two Republican U.S ... innovation in automobile design and loans for new factories. "I'm here to send a message to Washington ... statements that they said indicated his support for $25B in government loans for the ailing auto [more...]

Date: 2008-09-17 23:01:43

Surviving Financial Infidelity: Cleaning Up the Mess

Last week, I wrote about how my wife and I assessed the damage caused by her financial infidelity ... are our home mortgage and our automobile loan. Our credit cards were paid off last spring, so we were able ... some vary hard decisions that ultimately involved refinancing our house. Create a Payment Plan [more...]

Date: 2008-12-03 03:23:37

Carefully Explore Auto Loan Options

Making good on any kind of big purchase requires you to be informed about what you’re buying. This holds true especially for automobiles ... of obtaining a car loan is in order. Buying a vehicle often means having to obtain financing. In America ... to pay for it entirely that day. But just like any other form of loan, getting one for a car means [more...]

Date: 2008-10-30 17:11:50

How are they doing now?

After yesterday’s less than stellar day on Wall Street, I couldn’t help but think of this post that I wrote back in October 2006 ... accounts, including charge cards and automobile loans, can free up cash flow to devote to savings [more...]

Date: 2008-10-07 13:00:22

Stabenow: Auto Retooling Program Will Help Keep Jobs in Michigan

WASHINGTON —U.S. Senators Debbie Stabenow, (D-MI) today announced the final agreement as part of the continuing resolution on the budget to include $25 billion in low-interest loans to automobile manufacturers for retooling older factories. The Advanced Technology Vehicle Incentives program authored by Senator Stabenow will allow automakers [more...]

Date: 2008-09-24 14:18:55

Voinovich's Auto Bailout

He wants "credit" for it, I'll be glad to give it to him...Here is the release:WASHINGTON, D.C. – U.S. Senator George V. Voinovich (R-OH) ... Kit Bond (R-MO) and Carl Levin (D-MI) aimed at helping the American automobile industry and protecting ... the loans so we aren’t wasting taxpayers’ money. And the plan must be approved by the Secretary [more...]

Date: 2008-11-21 14:00:00

Lexington Law – Solution for credit crisis

During this bad economy, it is a tough task for people to get loans. Credit cards, Automobile financing, and Home mortgage related cases is increasing drastically in world recession. Getting loan from bank depends on your credit score. If you have bad credit score [more...]

Date: 2009-03-06 02:09:31

8 trillion dollar bailout scam

Since December 2007, Washington has committed $7.2 trillion to bailing out the bad investment bets of our financial system. It's even thrown in a few billion for the pathetically managed automobile industry ... ? Are they making new loans? The worst part is the lack of political will to demand these answers.Are [more...]

Date: 2009-01-06 13:57:00

2008 in Review: November

November was dominated by the developing crisis at GM ... , there is currently no defined plan to reestablish the European Delivery Program, Saab Automobile USA ... about $25billion in loans to Detroit car makers, though it went nowhere. GM were burning through (i.e. [more...]

Date: 2008-12-29 11:54:59

Have Company Car, Will Travel

Have Company Car, Will Travel Should you accept that company car? ... in more business. It can provide welcome relief from automobile costs, including loan or lease payments ... the cost of your family auto insurance plan. Additionally, your personal assets are protected [more...]

Date: 2009-01-15 00:19:55

Meanwhile, Back at the Auto Ranch

What we pick up riding the range… Associated Press, “Democrats at work to tap bailout for automakers” Detroit News, “Dems push $25B for Big 3, ... by congressional Democrats to immediately advance $25 billion in government loans to ailing Detroit ... of the American Automobile Industry.” Details — which are scanty right now — here. [more...]

Date: 2008-11-13 14:10:32

The United Auto Workers Must Fight Back!

http://www.blackcommentator.com/index_304.html December 18, 2008 When I awoke on Friday morning, December 12th, I turned on my computer. The first thing I saw was that the deal being worked on in the Senate to provide the automobile companies with loans had fallen through. The explanation offered on MSN: the United Auto Workers (UAW [more...]

Date: 2008-12-19 01:15:43

‘Splain Me, Lucy

Can somebody please explain to me why Congress should demand business plans showing how they’ll achieve long term viability of the automobile makers before giving them their loans and not demand similar business plans from states that come begging for bailouts? [more...]

Date: 2008-12-08 14:27:08

Why the banking sector is hard to fix

Here is my latest column , excerpt: The second set of solutions involves taking control of insolvent banks, ... lending decisions — for instance, by requiring loans to the ailing automobile industry. Talk of taxpayers [more...]

Date: 2009-03-01 12:26:35

Senate Republican Filibuster Club Scuttles Auto Deal

So, now we wait to see what happens to Bosch Motors, Winnemucca, NV or what happens to the Riverton GM Superstore in Elko? Or, the Michael Hohl dealership operations in Carson City? The automobile manufacturers' bridge loan proposal when down in the U.S. Senate when the GOP leadership used the oldest PR trick [more...]

Date: 2008-12-12 15:34:00

From Wall Street to Main Street

As Congress moves to bail out some of the largest corporations in order to prop up the economy, ... shortfalls affecting local economies.Auto-Industry Assistance: $25 billion in loans with required ... propping up the automobile industry.High Food Costs: "$445 million for the Women, Infants [more...]

Date: 2008-11-23 18:07:00

The end of the road?

Heads of the Big 3 automakers were back in Washington, D.C ... in private jets—the representatives from Detroit returned to plead their case for $34 billion in loans ... that this vexed relationship with the automobile is nothing new—in fact, debates over whether cars [more...]

Date: 2008-12-03 20:24:33

Stimulus Package Includes $54 Billion in Energy Incentives

Yesterday, House Democrats revealed their proposed stimulus package totaling $825 billion ... at low-income families $2.4 billion for carbon sequestration $2 billion for loans guarantees and grants to automobile battery-makers There are many other energy-related items in the bill, including [more...]

Date: 2009-01-16 20:49:27

No strings attached.

Just want to say for the record, yea, I tend to harp on shit, in particular if it is what is on my mind ... and I still maintain the same position respect to the automobile industry.I still don’ ... of all outstanding student loans. This would be one way to foster consumer spending.As opposed to buying toxic [more...]

Date: 2008-12-09 14:05:00

It's an Economic Reset, Not a Recession

Third Party Feed: Media Tech Analyst submits: Over the past 50 years, the U.S ... from houses, commercial real estate, credit cards, and automobile loans. That excess should never [more...]

Date: 2009-02-26 21:16:18

Blue Collar Manufacturers Get Their Hands Held, White Collar Financials Get Their Wrists Slapped

So the White House and Congress are collaborating on a draft bill to bail out the auto industry in the short term ... by Congressional leaders and the Bush administration, would provide emergency bridge loans totaling ... including labor unions, creditors, suppliers, automobile dealers and shareholders.Why you would let [more...]

Date: 2008-12-08 23:50:00

Nevada Congressional Delegation: Shows and No Shows

Rep. Shelley Berkley (D-NV1) echoed Senator Harry Reid's (D-NV) approving comments about the selection of Dr ... . Heller released his press statement in opposition to the automobile manufacturers' bridge loans [more...]

Date: 2008-12-18 19:05:00

The Auto Bailout Draft Bill: As Bad As Anticipated

More details are likely to come out later tonight, but the preliminary details of the deal are about as bad as expected: ... by Congressional leaders and the Bush administration, would provide emergency bridge loans totaling ... companies including labor unions, creditors, suppliers, automobile dealers and shareholders [more...]

Date: 2008-12-08 22:39:59

General Motors Death Watch

There’s precious little good news in G.M.’s just-released annual report: ... and Exchange Commission, the company said there was “no assurance that the global automobile market ... up to $30 billion of government loans to survive the industry downturn. So much for all that bankruptcy [more...]

Date: 2009-03-05 13:36:26

French car manufacturer state aid

French car makers Renault and PSA Peugeot-Citroen have come a step closer to securing a €6billion (£5.6bn) ... and would provide “a massive response on the automobile sector's financing”, but would only ... loan from the French government to help bolster the country’s struggling manufacturing industry [more...]

Date: 2009-01-21 08:51:34

And if you need another eleventy-zillion dollars, just let us know

Daily Times - Leading News Resource of Pakistan - European carmakers seek $54bn in loans for green vehicles PARIS: European carmakers are seeking $54 billion in aid to develop green technologies, the European Automobile Manufacturers’ Association (ACEA) said Monday. The loan request mirrors the one the US car [more...]

Date: 2008-10-06 21:56:15

Congress and the Auto Industry, a Round-Up

The Senate Banking Committee holds a hearing today at 3 p.m., “Examining the State of the Domestic Automobile Industry ... Gettelfinger , President, International Union, United Automobile, Aerospace and Agricultural ... propose $25 billion in loans for carmakers Los Angeles Times Meanwhile, the Detroit News leads [more...]

Date: 2008-11-18 16:46:10

Car WHAT????

The US House of Representatives passed a bill to bail out the automobile industry last night ... ) in emergency loans it gives to General Motors or Chrysler. The "car tsar" could, the bill added, even [more...]

Date: 2008-12-12 02:25:50

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

Auto suppliers get organized, ask Treasury Dept. for $10 billion in loans

Filed under: Government/Legal, Earnings/Financials Auto suppliers are in a perilous position, ... of 35 execs from the largest suppliers has crafted a plan asking for $10 billion in loans from the government. Nowadays, assembling an automobile is like a giant jigsaw puzzle, and bits come [more...]

Date: 2009-01-28 20:59:00

Nearly the End of the Line for S.U.V.’s

Even a federal bailout could not save three of the last remaining plants in the United States still making sport utility vehicles ... made S.U.V.’s unpopular, and long before President Bush approved $17.4 billion in emergency loans ... in its 2007 contract with the United Automobile Workers [more...]

Date: 2008-12-24 18:06:00

Ford confirms it won't need any loan money

As the economy and the car industry transform to lighter, more compact versions of their previous selves, the primary agent of change is cash ... to stand on its own, without government-backed loans, however. Speaking at a meeting of the National Automobile Dealers Association in New Orleans, Louisiana, Mulally said, "We don't want to borrow any [more...]

Date: 2009-01-26 15:24:00

Instant Car Loans The Only Solution

Posted on 02.26.2009 03:15 by Baker Bell Filed under: Instant Car Loans refer to loans that the internet based money lending companies offer ... automobile. In such cases, approaching a local banker may take much longer that you expect [more...]

Date: 2009-02-26 03:15:00

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