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POPSTitle Cash Albuquerque Auto title loans are personal loans that are based on the equity of your vehicle. Much like a home equity loan, but for your car or truck instead of your house. As long as you can prove that you have a monthly income of at least $1,500, then it doesn’t matter if you are unemployed, retired, or on disability. Make sure to mention if you are when you apply for a title loan with us.
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POPSACORN foresaw the foreclosure crisis in 2001
More: Moreover, Oakland's law would have gone much farther than requiring that borrowers could afford loans. In 2001, ACORN officials already recognized that the driving force behind the subprime lending was the ability of brokers to chop up risky mortgages, repackage them with good loans as "securities," and sell them to other banks on a largely unregulated market. When homeowners who couldn't afford their loans later defaulted on them, these securities became widely known as "toxic assets" and were the primary cause of the world financial crisis… But if Oakland's law had been widely adopted, the bailout likely would have been unnecessary and the worst economic downturn since the Great Depression probably averted. Why? Because the city's ordinance not only would have held mortgage brokers liable for making bad loans, but also every other bank that later bought pieces of those bad loans after they were securitized. In short, the market for subprime loans would have dried up.
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POPSQuitting The New Car Habit If there is one thing this recession has taught me (and I am thankful for it) is to evaluate my needs vs. my wants. I will not secure any loan unless it is absolutely necessary.
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POPS Stocks Surge On US Toxic Asset Plan up to $12 in loans for every dollar of private equity at risk. Banks will submit pools of loans for auction. Banks said the plan’s structure was favourable to them as it gave them the last word on whether to sell their toxic assets. ●$75bn-$100bn from Tarp invested with private equity in a public-private fund worth $500bn ●Investors and public-private funds buy bad loans from banks at auction, with loans guaranteed by FDIC ●Five fund managers approved by Treasury to invest private capital and public-private fund equity in toxic securities ●The Fed’s Talf programme expanded to include toxic securities, including residential mortgage-backed securities
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POPSPropping Up a House of Cards Or throwing good money after bad ... where does that lead? It is a longer more expensive route to the same result which is bankruptcy. And fractional reserve banking will have had its day. Local, people's money will then take over, as it did very successfully in the 1930's until it was outlawed by the proponents of the New Deal.
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POPSStimulus Success!??! [Worth the read]
Very interesting perspective!!! when median U.S. incomes began to stall. Because wages got hit then by the double-whammy of global competition and new technologies, the typical American family was able to maintain its living standard only if women went into the workforce in larger numbers, and later, only if everyone worked longer hours. When even these coping mechanisms were exhausted, families went into debt -- a strategy that was viable as long as home values continued to rise. But when the housing bubble burst, families were no longer able to easily refinance and take out home-equity loans. The result: Americans no longer have the money to keep consuming. When you consider thatconsumers make up 70 percent of the economy, the magnitude of the problem becomes apparent. What happened to the money? According to researchers Thomas Piketty and Emmanuel Saez, since the late 1970s, a greater and greater share of national income has gone to people at the top of the earnings ladder.
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POPSStop Me If You've Heard This One Before ~ Fannie Mae’s appraisal change doesn’t mean borrowers with less than 20 percent home equity can forgo mortgage insurance, the analysts said. That’s because Fannie Mae will likely use automated models to check home values listed on applications before offering to waive appraisals, the analysts said. The company’s DU Refi Plus program will start April 4.
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POPSGovernment Policy Still Has It Backwards First, the government should buy up a portion of mortgages up to roughly the foreclosure value of a home (say 40% of the purchase price) and provide homeowners with an ultra-low rate on this fully collateralized loan portion of 3% to 3.5%, interest-only for five years. I favor applying this program not just to distressed loans but to the estimated 50% of mortgages that are unable to refinance because of insufficient equity. First, the government should buy up a portion of mortgages up to roughly the foreclosure value of a home (say 40% of the purchase price) and provide homeowners with an ultra-low rate on this fully collateralized loan portion of 3% to 3.5%, interest-only for five years. I favor applying this program not just to distressed loans but to the estimated 50% of mortgages that are unable to refinance because of insufficient equity. Full article: http://www.rgemonitor.com/globalmacro-monitor/255413/government_policy_is_still_backwards
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POPSNot a Cup, But a Cow...Long-Term Solutions for Sustainable Futures
Families who knew only poverty will be building new homes and starting businesses....Today, millions of people who were once hungry will be nourished by milk, eggs and fresh vegetables. How? Heifer International helps people obtain a sustainable source of food and income. A Heifer project consists of 3 essential components: * Livestock and other material goods * Training and extension work * Organizational development A holistic approach is necessary in order to build sustainable communities. They have developed a set of global initiatives to meet their mission of ending world hunger and poverty and caring for the earth. It’s not temporary relief. It’s not a handout. It’s securing a future with generations of people who have hope, health and dignity. “Passing on the Gift” means recipients agree to share the offspring of gift animals with others in need, making them equal partners with Heifer in the fight to end world hunger.
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POPS Emergency Loans For Detroit's Big Three Could Set Up Showdown Between Congress, White House Executives with the Detroit automakers and the head of the United Auto Workers are expected to make their case at a hearing next Wednesday before Frank's committee. A House vote on Frank's measure could come as early as next Thursday. Democratic leaders also are considering pairing the measure with a broader economic aid bill, including money for unemployed workers whose jobless benefits have run out, aides said.
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POPSBush Looting Public Wealth. No-Risk Capitalist. There has been no nationalisation, partial or otherwise. American taxpayers have gained no meaningful control over the banks , which is why the banks are free to spend the new money as they wish. At Morgan Stanley , it looks as if much of the windfall will cover this year's bonuses. Citigroup has been hinting it will use its $25bn buying other banks, while John Thain, the chief executive of Merrill Lynch , told analysts: "At least for the next quarter, it's just going to be a cushion." The US government, meanwhile, is reduced to pleading with the banks that they at least spend a portion of the taxpayer windfall for loans - officially, the reason for the entire programme.
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POPSThe Next Card to Fall: Credit Cards? If the credit card industry is the next to fall, perhaps the silver lining will be restrictions on how much they can charge customers interest. As it is, current credit card interest rates, especially for those who fall behind in their payments, constitute usury.
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POPSAs Economy Slows, Lenders Begin to Curb Credit Cards It's about time!!!! Even after my parents "declared" bankruptcy after years of using them for medical, motor vehicle, what they considered necessities....my Mom is still receiving offers from Credit Card companies. Stop it!!! The elderly and the 20-40+ use these things like there is no tomorrow. Well, tomorrow has come. While the card-holders have a responsibility to pay their debts, so do those who *throw* cards at an irresponsible market bear major responsibility for their practices.
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POPSObscene Military Budget is much biger than Reported Legally see the article for the cuts behind the figures here: Now, imagine that, due to a little more Pentagon/Bush administration wizardry, even this black budget estimate is undoubtedly a low-ball figure. One reason is simple enough: The proposed $541 billion Pentagon 2009 budget doesn't even include money for actual wars. George W. Bush's wars are all paid for by "supplemental" bills like the $162 billion one Congress will soon pass -- so the Department of Defense's $34 billion black budget skips "war-related funding." This means that even the overall figure for that budget remains darker than we might imagine (as in "black hole"). The Pentagon not only produces stealth planes, it is, in budgetary terms, a stealth operation. If honestly accounted, the actual Pentagon yearly budget, including all the "military-related" funds salted away elsewhere, is probably now more than $1 trillion a year.
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POPS Angry Renter. com: Sign The Petition To Congress Unfortunately, renters aren't as good at politics as the small minority of homeowners (and their bankers) who are in trouble. We don't have lobbyists in Washington, DC. We don't get a tax deduction for our rent and we don't get sweetheart government loans. WHEREAS: Most Americans rent or own their home outright, and the vast majority of homes (98%) are not in foreclosure. WHEREAS: Both banks and borrowers should be reponsible for their actions, and the government should not reward reckless behavior. WHEREAS: It is wrong to force all taxpayers-- including renters who are already subsidizing home owners through the tax code-- to pay for additional bailouts for big banks and home flippers. BE IT RESOLVED: That Congress should not pass any bailout programs that reward risky borrowing and lending. Let the free market sort it out! Sign the Petition : We Will Deliver the Next Batch to Congress on May 1st 19,353 People Have Signed So Far
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POPS'Financial Stupidity' Read the contract before you sign it. Better yet understand the contract before you sign it, and then live up to the terms of the contract.
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POPS Hillary Clinton's Massive Conflict Of Interest And it is for exactly this kind of situation that the Clintons should be required to divulge the extent of their involvement with foreign interests and exactly how much money their personal bank accounts and their Library/Foundation have received. Hillary and Bill have also refused to release their income tax returns, despite the fact that Bill willingly released his when he was running for president. Why hasn’t Barack Obama or John Edwards even mentioned this issue? Their attacks on Hillary’s links to lobbyists and other special interes ts are usually painted with a broad brush. But the journey of America’s banks abroad in search of a bailout makes this specific conflict a key question of policy and highly relevant to their campaigns. What better illustration could one have of Hillary’s conflicts of interest than this one?
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POPSRacist Agitates Failed HomeBuyers
Having actually benefited from the largest lowering of the financial bar - in terms of qualifying for home loans - certain low-income groups have found in the demographics a reason to pretend it's racism that they have failed to make their payments and/or the due-diligence required to refinance or understand what they had entered into contractually. We know that there is no white t-shirt, musclebound, gold earring guy who jumps out of the Mr.Clean bottle That's marketing. It should be clear that a $250,000 home will never give you equity at the rate of $250 a month. Let alone ever get paid for. It was never a secret that these payments would jump after an introductory period. It was on news, talk shows, T.V., radio, print, web, etc. What part of "interest only" makes you think that is an arrangement one should relax with? Now suddenly the Rev.Suckup inflames people into thinking they're being targeted because they are black. Democrats would freeze rates for years thereby putting th
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POPSMAD AS HELL AND NOT GOING TO TAKE IT ANYMORE!
I don't know about you, but I'm tired of sitting still like some sacrificial lamb while the POWERS TO BE stomp our faces down deeper into the mud. Like film hero Howard Beale, we middle-class Americans are starting to scream, "I'm mad as hell, and I'm not going to take it anymore!" It's time for all of us to stop listening to the lies and propaganda spread, by the likes of Fox Noise and the Limbaughs. We're all in this together so let's wise the hell up and fight back before we become too financially frail to do so. (Now, if I only had a plan!) Oh, here's an idea, no more shop till you drop, like Bush urged us to do after 9/11. No more luxury items, touted as a way to happiness by the Corporate World and No more "Shopping is Patriotic" Rovian symbolism. Eyes wide open and purses closed, will make the biggest impact on our leaders, rendering them impotent to the point where they can do nothing else but LISTEN to our demands! WHAT A TOOL WE POSSESS AND DO NOT USE. It's a mind-boggler!
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POPSBanking Crisis: Worst to Come These new regulations require banks to show how much cash they actually have. Very inconvenient. As with all recent economic concerns the worry comes not from screaming lefties, greenies etc but from sober, conservative economics commmentators. Time to buy a caravan.
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