Microloans Provide Needed Financing to Some Small Businesses

As the economy continues to sputter along, the sources of traditional small business financing have been quickly drying up ... entrepreneurs starting “high risk” ventures and established businesses that have bad credit or a poor ... approving smaller loan amounts. And this is coming as other personal financing products, such as home [more...]

Date: 2009-03-24 09:31:16

Blog posts (108) | Videos (43)
 

Microloans Provide Needed Financing to Some Small Businesses

As the economy continues to sputter along, the sources of traditional small business financing have been quickly drying up ... entrepreneurs starting “high risk” ventures and established businesses that have bad credit or a poor ... approving smaller loan amounts. And this is coming as other personal financing products, such as home [more...]

Date: 2009-03-24 09:31:16

Google Founder Sacrifices Son, Last Shreds of Integrity to Science

Google cofounder Sergey Brin and wife Anne Wojcicki are so unconcerned with privacy that they're donating their newborn son's DNA to science ... that he runs a high risk of developing it himself. So Brin announced on his blog that he is funding ... as it repaid a personal loan Brin made to the company. (Anne Wojcicki's sister, Susan, is also an [more...]

Date: 2009-03-12 18:27:08

Google Founder Sacrifices Son, Last Shreds of Integrity to Science [Valley Spawn]

Google cofounder Sergey Brin and wife Anne Wojcicki are so unconcerned with privacy that they're donating their newborn son's DNA to science ... that he runs a high risk of developing it himself. So Brin announced on his blog that he is funding ... as it repaid a personal loan Brin made to the company. (Anne Wojcicki's sister, Susan, is also an [more...]

Date: 2009-03-12 18:27:08

Signature Loans, an Instant Fiscal Assistance to Drop out All Critical Situations

By Kevin Dsilwa  As there are numbers of expenses take place daily and some times these expenditures may come in a huge bulk so it is very ... helpful especially for those who are the sufferer of bad credit background like insolvency, defaults, arrears, CCJ, IVA etc. So if you are tensed with your poor credit history, no need to worry because [more...]

Date: 2009-04-07 10:53:04

Open Question: Who is to blame for the financial mortgage and lending crises?

“How banks were bullied into making bad loans” ‘Community activists’ used pressure tactics to secure high-risk mortgages Posted: April 05, 2009, 7: ... to provide affordable credit to or take advantage of through predatory loans and scams.” NACA earned ... acquiesced to demands for a settlement that included a stipulation to restructure its borrowed [more...]

Date: 2009-04-07 23:47:34

How banks were bullied into making bad loans

Community activists’ used pressure tactics to secure high-risk mortgages   WASHINGTON – Using tools provided by the federal Community ... who they refuse to provide affordable credit to or take advantage of through predatory loans and scams.” ... it with funds that it then uses to make mortgage loans to low-income borrowers. NACA rolls the fees [more...]

Date: 2009-04-06 15:34:58

Truth about FINANCIAL CRISES! DEMS RESPONSIBLE!

MONEYNETDAILY How banks were bullied into making bad loans ‘Community activists’ used pressure tactics to secure high-risk mortgages ... of the people who they refuse to provide affordable credit to or take advantage of through predatory loans ... that it then uses to make mortgage loans to low-income borrowers. NACA rolls the [more...]

Date: 2009-04-06 18:04:49

Radical left uses fascism to shakedown banks

From WorldNetDaily : Using tools provided by the federal Community Reinvestment Act, community organizers led by a self-described " ... affordable credit to or take advantage of through predatory loans and scams." NACA earned ... their operations in poor neighborhoods," says the report authored by David Hogberg. "NACA typically [more...]

Date: 2009-04-06 17:34:01

Financial Dispatch: Cracking down on housing scams

Andrew Torgan CNN Financial News Producer In the wake of the Obama Administration’s program to rescue troubled homeowners, ... participate. More people in the U.S. have fallen behind on loan payments than ever before ... high. Delinquencies rose in nearly every category, including home equity, auto and personal loans [more...]

Date: 2009-04-06 16:47:30

Safe Money in Tough Times: Questions and Answers with Jonathan Pond

My wife is a public broadcasting fanatic. I recognize its value, but mostly I just tolerate it. (I often joke that NPR is “noise pollution radio” — I can’t think when it’s on.) Usually the television pledge breaks annoy me, but one night last week, the local station employed a clever tactic [more...]

Date: 2009-03-12 12:00:01

Financial Meltdown: Haircut Time for Bondholders by Mike Whitney

Dandelion Saladby Mike Whitney Global Research, March 12, 2009“The only function of economic forecasting is to make astrology look respectable ... securities (which include everything from student loans, credit cards, and auto loans) and home equity loans has almost completely dried up. In fact, all that’s left of the previously vibrant credit [more...]

Date: 2009-03-13 00:06:39

Why is the small Migros Bank growing so fast?

Filed under: Good news , Launches , Personal finance Three years ago the Swiss supermarket chain Migros started an in-store bank ... (some people might call it outmoded) business model. It collects deposits from customers and then turns them into low-risk loans. With this approach, Migros deposits surged SFr 2.6 billion to SFr 24 billion [more...]

Date: 2009-04-06 20:20:00

So, You Want to Be an Entrepreneur

So, You Want to Be an Entrepreneur First, answer these questions to see if you have what it takes KELLY K. SPORS Thinking about starting a business? Make sure you're cut out for it first. In this bleak economy, lots of people are contemplating striking out on their own -- whether they're frustrated job seekers or people who are [more...]

Date: 2009-04-07 16:29:00

Devaluation, Euro Membership And Loan Defaults - Some Thoughts For My Critics

Joke - How do you know when a country is in crisis? Well, on the buses on the way to work, and in the bars and cafes during the mid morning break, everyone is reading the economy rather than the sports section in the local newspaper. Several pieces of news out over the last week are relevant to the whole debate we are having about how to drag [more...]

Date: 2009-03-17 13:55:47

The Financial War Against Iceland by Prof Michael Hudson

Dandelion Saladby Prof Michael Hudson Global Research, April 5, 2009Being defeated by debt is as deadly as outright military warfare ... not defend itself by wiping out its bad debts. Yet these creditor nations so far have taken no responsibility for the current credit mess. And indeed, the United States and Britain are net debtors [more...]

Date: 2009-04-06 00:17:46

Full text of Barack Obama's online town hall meeting

At least some Americans may have actually been working in paid employment during President Obama's pioneering online town hall meeting. He promises more such participatory presidential interrogations. The Ticket took an anticipatory look at these pioneering presidential forum earlier today right here and then an examination of how the [more...]

Date: 2009-03-26 20:14:53

Reader Mail #92

I liked this article on the construction of the Brooklyn Bridge and other bridges in NYC. A lot of the key infrastructure in NYC is 100+ years old ... pornography" is a catchall excuse that the bad guys use to crack down on Internet users. I wonder ... pornography all day." That's one big risk of operating my own agorist-themed domain. The bad guys [more...]

Date: 2009-04-02 16:00:00

Mother in law’s guide: Opt for 6-18 months in guaranteed deposits (Updated)

(Updated on April 8 to include latest savings rate increases and ‘What’s hot right now’ section) By Bernard Hickey Here’s the short version. Interest rates are near the bottom of their precipitous fall since the middle of last year. Investors wanting higher interest rates are now seeing higher long term rates for deposits [more...]

Date: 2009-04-07 20:51:01

Make Money Lending Your Spare Change

I’m incredibly angry about what has happened in our country in the past several years. At the height of the housing bubble, we had trained economists telling us that houses would never drop in value, and in 2004, with interest rates at near-historic lows, our Federal Reserve chairman, Alan Greenspan, [more...]

Date: 2009-04-02 20:28:12

The Financial War Against Iceland- Being defeated by debt is as deadly as outright military warfare.

Prof. Michael HudsonGlobal Research5th April, 2009See also:The European Revolution Begins Iceland is under attack – not militarily  but financially ... early if they do not repudiate most of the fraudulently offered loans of the past five years ... to demand that Iceland not defend itself by wiping out its bad debts. Yet these creditor nations [more...]

Date: 2009-04-05 15:15:25

Winter Haven, FL Mortgage Fraud Update - HUD Secretary Donovan Announces Intensified Crack Down on Mortgage Fraud

Winter Haven, Florida mortgage borrowers should look at a recent HUD announcement regarding mortgage fraud prevention efforts as a positive ... high default rates. Donovan emphasized that each effort is being made to reduce risk and confront ... and maintain a comprehensive quality control plan, Review all loans with early payment defaults [more...]

Date: 2009-04-06 14:54:45

America’s Financial Oligarchy Is Still in Control

By: Lorimer Wilson Monday, 6 April 2009 “The crash has laid bare many unpleasant truths about the United States. One of the most alarming is that the finance industry has effectively captured our government”, says Simon Johnson, a chief economist with the International Monetary Fund in 2007 and 2008 [more...]

Date: 2009-04-06 12:47:44

Instant Unsecured Personal Loans Are Great for Fast Cash

by Rick Zimmer It’s human nature to want instant gratification in everything we do - and our financial situation is no exception ... their next paycheck. Unsecured personal loans refer to loans where the bank or lender isn’t requiring any type of collateral to secure the debt. This is a riskier situation for the lender, which means [more...]

Date: 2009-04-07 16:15:38

ScamBuster 123

Dear Friend, My Name is Mrs. Helen .D.Kunle,I work with a Bank as a manager, in one of the Union banks in Nigeria west Africa ... .D.Kunle Greetings! Have you tried to get a Loan from your Local Financial Institution and you were not granted one due to your poor credit? Have you tried to Expand your Business but Finance seem [more...]

Date: 2009-04-07 16:16:46

How to Survive and Thrive in the Real Estate Mortgage Crisis

by Gerald Fox Many prospective homebuyers are waking up to the fact that due to the mortgage collapse during the fall of 2008, ... are the subprime mortgage and buying a house with little or no money down. Lending institutions want to make ... that will pre-approve you for a mortgage based on your personal financial information. They will also [more...]

Date: 2009-04-03 08:59:50

Words from the (investment) wise for the week that was (March 30 – April 5, 2009)

“Words from the Wise” this week comes to you in a shortened format as my traveling in the US precludes me from doing my customary commentary. However, a full dose of excerpts from interesting news items and quotes from market commentators is provided. Investors’ mood benefited last week from the potentially positive implications for the global [more...]

Date: 2009-04-05 05:57:05

The Cult of Zero Imbalances

Marshall Auerback here with a few thoughts about this economic cycle, external imbalances, fiscal stimulus, and current account deficits. This is not the Great Depression. We are going to have “muddle through” here precisely because we lack the courage to deficit spend on the magnitude we did in World War II [more...]

Date: 2009-04-02 13:12:55

The Financial War Against Iceland By Prof Michael Hudson

5 April 5, 2009 - Global ResearchBeing defeated by debt is as deadly as outright military warfare ... by wiping out its bad debts. Yet these creditor nations so far have taken no responsibility for the current credit mess. And indeed, the United States and Britain are net debtors on balance [more...]

Date: 2009-04-06 16:25:47

Government Is Furiously Dancing the Two-Step by Robert Higgs How d

Government Is Furiously Dancing the Two-Step by Robert Higgs How do once-free ... of the universe want the legal power “to seize control of institutions, take over their bad loans and other illiquid assets and sell good ones to competitors.” (Extra-credit question: haven’t they [more...]

Date: 2009-04-06 06:06:00

Guest Post: Hedge Fund Socialism?

Submitted by Leo Kolivakis, publisher of Pension Pulse . Wall Street got the news it wanted on the economy's biggest problems -- banks and housing -- and celebrated by hurtling the Dow Jones industrials up nearly 500 points : Investors added rocket fuel Monday to a two-week-old advance, [more...]

Date: 2009-03-24 05:23:00

"What Use is Economic Theory?"

Given the discussion below, it seems like a good time to rerun this , a post that was suggested in a comment from Hal Varian: I've weighed in on this debate in this essay . My thesis is that economics should not be compared to physics but to engineering. Or, alternatively, not to biology but to medicine [more...]

Date: 2009-03-29 07:33:00

Lock In A Low Mortgage Rate Now!

The days of scoring a great loan despite having a modest amount of equity and so-so credit are over as lenders tighten their standards ... could score a great loan. You now need good credit, lots of equity and very little outside debt. “ ... loan with a credit score of 680, said Jeff Lazerson, president of Mortgage Grader, an online [more...]

Date: 2009-04-07 18:45:31

Guest Post: Why Does Failure Merit Reward?

Submitted by Leo Kolivakis, publisher of Pension Pulse . I want to follow-up on my last post, the Mother of all stealth scams? ... relies on private investors to team up with the government to relieve banks of assets tied to loans ... , in the form of low-interest loans, to coax private [more...]

Date: 2009-03-23 05:00:00

The Direct Banking Alternative

I have decided to take a look at ING Direct in the USA as a great example of a direct banking entity that has leveraged the electronic banking environment to gain a strong foothold in the US financial services industry.ING Group is a global bank that started in the Netherlands and has grown tremendously since it’s inception in 1990 as a dominant [more...]

Date: 2009-04-07 00:40:49

The Obama Budget: A Stick In The Eye For Banks

With all the fuss over Wall Street bailouts and AIG bonuses, one banking breakthrough is going unnoticed ... credit history and few personal assets, students were not attractive candidates for private-sector ... Education Loan Program (FFELP) guarantees lenders a higher interest rate than the base market rate [more...]

Date: 2009-03-26 10:00:00

Mortgage Broker or Bank - Which should(n’t) you use

I often get asked, “ Why should I use a mortgage broker versus going to my local bank or going through the internet? “  The latter part of the question is the easy one to answer.  Unless it is a major well-known ... out all your personal information (social security, bank accounts, etc.) to an unknown [more...]

Date: 2009-04-08 03:02:59

On The Foreclosure Lawsuit (Blaxploitation)

UPDATE (4/7) : MDN: Foreclosure relief . UPDATE (3/31) : According to the Memphis Daily News, the preparation for the lending lawsuit should be completed in about two weeks . UPDATE (3/26) : According to the Commercial Appeal , Shelby County is in line to receive federal funds to address foreclosed housing and it remains committed to [more...]

Date: 2009-04-07 12:35:00

Lessons from Global Corporate Frauds

As global capitalism lurches around in crisis, it seems that there is no end to the worms crawling out of the woodwork. The financial crash and economic downswings have been accompanied by more than just cyclical bad news from companies that have been engaged in bona fide business. The adverse market [more...]

Date: 2009-03-24 21:00:26

Savings account paying 9%

It's touted as the new model of savings and loans to replace our broken banks. Rupert Jones examines Zopa ... is the combination of plummeting interest rates and the lending clampdown brought about by the credit crunch ... borrowers have been unable to obtain loans at sensible rates. Zopa says that over the past 12 months [more...]

Date: 2009-04-03 23:02:48

Dangerous Unintended Consequences

Dangerous Unintended Consequences: How Banking Bailouts, Buyouts and Nationalization Can Only Prolong America’s Second Great Depression and Weaken Any Subsequent Recovery Presented by Martin D. Weiss, Ph.D. Weiss Research, Inc. National Press Club Washington, DC March 19, 2009 Martin D. Weiss, Ph.D [more...]

Date: 2009-03-19 16:23:10

‘Community activists’ used pressure tactics to secure high-risk mortgages

  ‘Community activists’ used pressure tactics to secure high-risk mortgages Posted: April 05, 2009 7: ... affordable credit to or take advantage of through predatory loans and scams.”           http ... their operations in poor neighborhoods,” says the report authored by David Hogberg. “NACA typically extracts self [more...]

Date: 2009-04-06 03:04:30

Starting an Internet Business

Have you ever fancied yourself as an internet entrepreneur.  There is a general misconception that building an internet business is a simple case of designing a website and waiting for the money to roll in. The honest fact is: Building a website is easy, building a successful internet business is far more challenging! [more...]

Date: 2009-04-06 22:00:18

POLITICAL HOT TOPICS: Tuesday, March 24, 2009

FromCNN's Emily ShermanWASHINGTON/POLITICAL For the latest political news: www.CNNPolitics.com.CNN: Obama names deputy Treasury chief, 2 othersPresident Barack Obama has named one of his economics advisers to the No. 2 post at the Treasury Department and will keep a Bush administration appointee in another top job, the White House announced Monday [more...]

Date: 2009-03-24 09:10:45

President Obama Meets With Top Executives at the Business Roundtable

The White House released its transcript of President Barack Obama’s address to members of the Business Roundtable held March 12, 2009, and the question-and-answer session that followed. THE PRESIDENT: Thank you. Thank you so much. Please, everybody have a seat. I want to get to some Q&A as quickly as possible, so let me dive right in [more...]

Date: 2009-03-14 18:23:19

How banks were bullied into making bad loans

WASHINGTON – Using tools provided by the federal Community Reinvestment Act, ... affordable credit to or take advantage of through predatory loans and scams.” ... their operations in poor neighborhoods,” says the report authored by David Hogberg. “NACA typically [more...]

Date: 2009-04-06 12:29:14

Which Comes First: Paying Off Debt or Starting Emergency Fund?

Taking the first few steps to ensure your future financial stability can be daunting ... that debt, and that’s understandable. Mathematically, that makes the most sense. Credit card interest could ... is in the form of credit cards, interest payments could be a massive drag on finances. Credit card companies [more...]

Date: 2009-03-16 11:45:32

Lending Club Review - Peer to Peer Lending Site

Lending Club Review 2009 Lending Club promises high returns for the average investor through peer to peer lending ... identifies each loan with a fixed interest rate that is tied to historic trends, current market conditions as well as the individual borrower’s credit history. This takes a huge variable out of the investor [more...]

Date: 2009-03-25 22:35:13

What Is A Bad Credit Personal Loan?

by Rich Michaelsson You might as well have the plague or been infected with a disease if you have a bad credit history, ... this fact and are now willing to offer bad credit personal loans. There are similar options ... credit personal loans are used for a variety of purposes such as buying a car or taking a trip [more...]

Date: 2009-04-05 12:33:13

In the Interest of Workers or Investors?

I could go on screaming.Timothy Geithner said Sunday that, while the economy is showing signs of recovery, ... months, which is to say that, except for big ticket items that require big-ticket loans—hard ... for investors—not so much for workers? and won’t attendant crackdowns on bad loans, foreclosures [more...]

Date: 2009-04-06 05:19:37

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