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
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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
Weekly Economic Potpourri November 29, 2008
Every week there are a numerous headlines that are worthy of mentioning but I simply run out of time. Here are a few headline news reports of interest from the past week.Japan’s Factory Output Falls as Turmoil Hurts ExportsJapanese manufacturers reduced production in October and plan further cutbacks as a worsening global financial crisis weakens [more...]
Date: 2008-11-29 18:46:00
GM, Ford Death Watch
Fortune is reporting GM plunges 31% as outlook dims Investors cast a shocking vote of no confidence in the future of U.S. automakers Thursday ... a new report by Global Insight that shows U.S. auto sales hitting recession levels this year ... million in 2009, compared with 16.1 million last year. It turns out that auto finance companies were [more...]
Date: 2008-10-11 05:40:52
Okay, Okay
My brother informed me that I have been slacking over here at the Coffee House. I’m sorry! I’m dreadfully busy right now — that’s my story, and I’m sticking to it. My current To-Do List is almost as long as my arm. I’ve got college and a novel and a CNA class and work, not mention getting my taxes in order, looking into Essure and LASIK , [more...]
Date: 2009-02-25 20:10:50
This sounds less bad
I doubt anyone can know how much it might help, but the desperation apparent in this move should be obvious. From Bloomberg: The U.S ... with the effort said. The Treasury and the Fed will help fund new loans packaged into securities ... for 10 a.m. New York time, said two weeks ago that he wants to spur lending for automobile purchases [more...]
Date: 2008-11-25 05:46:00
Economist's View - 4 new articles
"The Gratuitous Ignorance of Many of our Economists" Paul Krugman with more on the failure of academic economics : Equilibrium decadence (wonkish), by Paul Krugman : Brad DeLong is exercised about William Poole's technological regress . I was getting at something like the same thing in my Dark Age post [more...]
Date: 2009-03-02 06:50:00
Foreclosing the Crisis
Posted by Review-a-Day, January 22nd, 2009 1 CommentFiled under:Review-A-Day. The Household: Informal Order Around the Hearth by Robert C ... ago, that America would be seriously considering a semi-nationalization of the automobile industry ... that the dross of no-down-payment loans to high-risk borrowers could be transformed into the gold of triple [more...]
Date: 2009-01-23 12:36:10
Bill Heard Goes Down
As you may have heard, Bill Heard just filed for bankruptcy protection. Who is Bill Heard? The details: Bill Heard Enterprises Inc., the largest U.S ... like he took on too many bad loans: Industry analysts say, Heard couldn’t overcome what had become ... . Chevrolet auto dealership, sought bankruptcy protection, citing a declining automobile market [more...]
Date: 2008-09-29 18:30:22
These morally hazardous times
Giving Congress a blank check is like throwing red meat to sharks. Giving Congress a blank check and screaming Fire! ... into making housing loans to borrowers with a high potential for defaulting on those loans. Freddie Mac ... . In the 1980's, beginning in the Carter administration, Congress deregulated banks and savings and loans while [more...]
Date: 2009-02-08 17:42:26
Watch the Magic Obama as he pulls an economic "fix" out of his hat...
The FreeDictionary.com defines the word “bailout” as “a rescue from financial difficulties ... similar loans (otherwise known as “toxic assets”) mostly due to government rules and regulations ... their hands on this “bailout” money, other industries—most noticeably the automobile industry—decided [more...]
Date: 2009-03-05 16:35:45
"Built Ford Tough"
Wed Jan 14, 1:46 PM ET Ford president and CEO Alan Mulally is seen at the North American International Auto Show in Detroit, Wednesday, Jan. 14, 2009 ... to a $9 billion credit line from the U.S. government but has not sought loans. Washington has not yet ... loans, Chief Executive Alan Mulally said on Saturday. "We don't want to borrow any more [more...]
Date: 2009-01-25 22:30:00
Obama moving away from fear-based politics?
Last night, I followed Barack Obama’s non-SOTU SOTU speech in three ways: watching it, reading the release of the text, ... in this country, our recovery will be choked off before it even begins.You see, the flow of credit is the lifeblood of our economy. The ability to get a loan is how you finance the purchase of everything [more...]
Date: 2009-02-25 13:00:41
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
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
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
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
The Software Cure For A Financial Meltdown
In my role as amateur financial analyst I like to read the publications taking an in depth look at the current financial turmoil ... liquid and fund more loans. But, to sell the loans the bank needs to find a buyer, and this is where ... we built a web application for banks to upload pools of loans they wanted to sell. Buyers could [more...]
Date: 2009-03-05 23:47:43
General Motors Fights Uphill Battle with Double Edged Sword
Shortly after the U.S. government lent the Big Three $17 ... that it will immediately resume automobile financing for “a broader spectrum of U.S. customers.” That is code ... into trouble in the first place by giving out loans to sub-prime borrowers for not only car loans [more...]
Date: 2008-12-31 09:33:29
RICHARD VAGUE: How to Fix the Economy
This is a guest post for The Washington Note by businessman and regular TWN reader Richard Vague ... institutions were operating with far too much leverage (the ratio of loans against the capital a lender is required to maintain) which allowed assets such as subprime loans to be overbought [more...]
Date: 2008-12-24 19:45:27
Full Text of President Obama’s February 24 2009 Speech to Congress
People are looking all over online for it - so here it is: the full text of President Obama’s address (it’s not a “State of the Union Address” as that officially happens after his first year in office, although for all intents and purposes it was a State of the Union - or, rather, a State of the Economy or State of the Economic Recovery address) [more...]
Date: 2009-02-25 03:08:47
How to Find an Auto Loan
They key word in both these options is Wait. Irrespective of how you go about procuring your loan, you should wait, ... better loan rate online than you can from a local bank, and the time expended waiting for loan ... is the capability for the vehicle buyer to try a few shops to get the best IR for a second hand car loan [more...]
Date: 2009-03-06 12:32:15
DrumBeat: October 7, 2008
A Gift From the ’70s: Energy Lessons The presidential candidates claim to see America’s energy future, but their competing visions have a certain vintage quality. They’ve revived that classic debate: the hard path versus the soft path. The soft path, as Amory Lovins defined it in the 1970s, is energy conservation and power from the sun, [more...]
Date: 2008-10-07 13:15:04
President Obama’s Awesome Speech
President Obama addressed both chambers of Congress tonight. In short, it rocked. I would hate to be in Bobby Jindal’s shoes. To check out the entire transcript, flip to the other side. Madame Speaker, Mr. Vice President, Members of Congress, and the First Lady of the United States: [more...]
Date: 2009-02-25 03:03:43
'We Are Not Quitters' [Speaking Engagements]
In his not-really-but-actually State of the Union address, President Barack Obama did his best to inspire a nation scared out of its wits. After the jump, the speech text, as distributed while he delivered it. Madame Speaker, Mr. Vice President, Members of Congress, and the First Lady of the United States: [more...]
Date: 2009-02-25 02:58:48
President Obama Goes to Capitol Hill
President Barack Obama opened his first speech to a joint session of Congress on Tuesday by telling the nation we will rebuild, we will recover, and the United States of America will emerge stronger than before. From there he launched into a litany of initiatives that will get us from here to there [more...]
Date: 2009-02-25 05:14:00
President Obama's First Speech to Congress
Remarks of President Barack Obama - As Prepared for Delivery Address to Joint Session of Congress Tuesday, February 24th, 2009 Madame Speaker, Mr. Vice President, Members of Congress, and the First Lady of the United States: I've come here tonight not only to address the distinguished men and women in this great chamber, [more...]
Date: 2009-02-25 10:50:31
Obama's speech before Joint Session of Congress. Feb. 24, 2009. Text as delivered.
THE WHITE HOUSE Office of the Press Secretary _____________________________________________________________________________________________ For Immediate Release February 24, 2009 ADDRESS BY THE PRESIDENT TO THE JOINT SESSION OF CONGRESS United States Capitol 9:16 P.M. EST THE PRESIDENT: Madam Speaker, Mr [more...]
Date: 2009-02-24 23:14:57
Crash Landings
Posted by Review-a-Day, March 3rd, 2009 No CommentsFiled under:Review-A-Day. The Return of Depression Economics and the Crisis of 2008 by Paul Krugman Reviewed by Bernard AvishaiThe Nation "We sometimes, for example, hear it said," writes John Stuart Mill in his Principles of Political Economy, " [more...]
Date: 2009-03-03 17:10:33
DrumBeat: October 24, 2008
Heating Oil Distributors Fear Tough Winter Amid Credit Freeze NEW YORK (Dow Jones)--The tight credit market is forcing weak links in the heating oil supply chain, from wholesale ... suppliers and door-to-door distributors, loans cover the weeks or months between when fuel is purchased [more...]
Date: 2008-10-24 12:30:39
State of the Union (kind of) Live Blogging
JOHN 10:11PM: Sober and multi-syllabic. It really is a new day. JOE 10:09 PM: I already feel more confident. Great speech. JOE 10:06 PM: Love that little girl from SC: We are not quitters. JOE 10:04 PM: Everyone, including Republicans, applaud the banker from Miami who gave away $60 million [more...]
Date: 2009-02-25 01:57:00
President Obama's Address to Congress and the Nation
Remarks of President Barack Obama – As Prepared for Delivery Address to Joint Session of Congress Tuesday, February 24th, 2009 Madame Speaker, Mr. Vice President, Members of Congress, and the First Lady of the United States: I’ve come here tonight not only to address the distinguished men and women in this great chamber, [more...]
Date: 2009-02-25 13:32:00
DrumBeat: December 21, 2008
Shadowed by $200 oil It’s not too early to talk about the prospect of $200 oil ... of increases, according to a daily survey of gas station credit card swipes. Downturn Will Test Obama’s Vision for an Energy-Efficient Auto Industry His writings and speeches on the auto industry [more...]
Date: 2008-12-21 14:12:23
Did You See/Hear President Obama’s Speech Last Night?
With people getting up and sitting down again more times than at a misa (Happy Ash Wednesday by the way), last night President Obama gave is not the State of the Union address before both houses of Congress. Why not the State of the Union? Well Obama hasn’t been in office long enough really [more...]
Date: 2009-02-24 12:55:17
DrumBeat: February 19, 2009
Oil-Price Decline Provides Diplomatic Opening to Iran Last fall, before the world economy had fallen completely out of bed, the International Monetary Fund estimated that oil prices would have to stay at $90 a barrel for Iran to make enough money to balance its books [more...]
Date: 2009-02-19 13:29:45
Obama’s Address to Congress is Old News?
I noticed something about President Obama’s speech last night. It somehow…seemed familiar. See if you notice it too. -Scott —– Remarks of President Barack Obama – As Prepared for Delivery Address to Joint Session of Congress Tuesday, February 24th, 2009 Madame Speaker, Mr [more...]
Date: 2009-02-25 15:27:21
Semi-State Of The Union: We Will Rebuild, And We Will Recover, And The United States Of America Will Emerge Stronger Than Before
WOW! It's been a long time since a forceful, intelligent president has addressed our nation and articulated a shared and hopeful vision for us all. Regardless of the disagreements I have with this or with that (and there are plenty), President Obama made me very proud tonight [more...]
Date: 2009-02-25 03:10:00
How To Get Cheap Car Financing
by James Drake Now may be your chance for low-cost auto financing. Want a piece of the federal bailout action? GMAC is making auto loans simpler to get by loosening up the credit standard on car financing ... to get a car loan with a credit score below 700!. GMAC is balancing responsible credit standards while [more...]
Date: 2009-03-08 16:23:41
Obama Speech to Congress: Full Text & Video
Part 1: Part 2: Part 3: Part 4: Part 5: Part 6: Remarks of President Barack Obama – As Prepared for Delivery Address to Joint Session of Congress Tuesday, February 24th, 2009 Madame Speaker, Mr. Vice President, Members of Congress, and the First Lady of the United States: [more...]
Date: 2009-02-25 14:17:03
Tighten Your Seat Belts - This Recession Is Turning Into Another Great Depression!
Based on the research I constantly conduct, all of the facts point to this “recession” turning into another “Great Depression” - and this one could effectively destroy any semblance of the Democratic Republic many of us whom are older remember and cherish [more...]
Date: 2009-02-15 16:26:16
Google Keywords the complete list to $15
This is the second post of all the keywords from Google with $15. Hope you like it accounting software 15.99 business credit report 15 ... seattle 15.85 partypoker 15.85 insure 15.85 home loan company 15.85 best interest rate 15.85 adverse ... online help desk software 15.77 download america online 15.76 car hire in orlando 15.76 va home loan [more...]
Date: 2009-03-05 03:11:01
WATCH: President Obama’s First Speech to Congress
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Date: 2009-02-25 02:02:43
Auto, IT stocks lead rally
Key benchmark indices snapped last two day's losses on a third stimulus package for the economy and firm global markets. Auto and IT stocks led the rally.The market, however, cut strong intraday gains on concerns about rising borrowing costs for corporates. The BSE 30-share Sensex was up 80.50 points, or 0 [more...]
Date: 2009-02-25 16:06:00
President Barack Obama's Address to Joint Session of Congress
Tuesday, February 24th, 2009 Madame Speaker, Mr. Vice President, Members of Congress, and the First Lady of the United States: I’ve come here tonight not only to address the distinguished men and women in this great chamber, but to speak frankly and directly to the men and women who sent us here [more...]
Date: 2009-02-25 17:14:00
Transcript of Obama presidential address provided
(The following transcript of Barack Obama's first presidential address to Congress was provided by the White House.) Madame Speaker, Mr. Vice President, Members of Congress, and the First Lady of the United States: I’ve come here tonight not only to address the distinguished men and women in this great chamber, [more...]
Date: 2009-02-25 02:42:00
Obama’s Joint Session Speech - Live Blog
For those who can’t get to a teevee. You can also watch the address live at Hulu.com . Check back often for updates ... responsibility. Credit has stopped flowing. Too many bad loans. Create a new lending fund to provide auto [more...]
Date: 2009-02-25 01:36:14
The President's Speech
rdan Slightly left of center with gracious charm and strength. Whitehouse press office Remarks of President Barack Obama -- Address to Joint Session of Congress Remarks of President Barack Obama – As Prepared for Delivery Address to Joint Session of Congress Tuesday, February 24th, 2009 Madame Speaker, Mr [more...]
Date: 2009-02-25 03:12:00
"Message to Regulators: Bank Fix Needed Quickly"
Tyler Cowen is pessimistic about about the near term future of the banking industry: Message to Regulators: Bank Fix Needed Quickly, by Tyler Cowen, Economic View, NY Times : A new bank rescue plan may be more crucial right now than the fiscal stimulus package enacted last month [more...]
Date: 2009-03-01 18:08:00
Presidential Address Thread
Update : Jindal coming out against volcano monitoring? Really? Really? Someone from a state that was devastated by a natural disaster doesn't believe in trying to detect natural disasters to warn Americans and save lives? Update [more...]
Date: 2009-02-25 02:02:19
Fiscal Insanity Virus Strikes Canada, Sweden, Italy, IMF
The world health organization has confirmed new cases of the extremely contagious Fiscal Insanity Virus (FIV) that is rapidly spreading the globe ... a deadline of just a few weeks to get more loans out into the sagging economy, prompting the banks [more...]
Date: 2008-12-24 22:38:00
