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POPSGE Money Bank Read GE Money Bank Consumer Complaints: GE Money Bank specializes in providing of personal banking that include credit cards servicing, different kinds of loans: home loans, auto loan, student loans, healthcare loans; and Identity Theft Protection program.
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POPSBanks Do Not Make Good Neighbors Ross Wallace, a lieutenant in the U.S. Army, turned in his check for $500 and waited on the auction floor in full dress uniform for a chance to buy a Detroit house on the cheap. Wallace, 27, said he did not want to leave his fiancee and two children with a mortgage before shipping out to Iraq later this year. “I still have student loans and I’m trying to be responsible. I don’t want to leave debt,” he said. Wallace waited for the auction to roll around to Detroit’s Boston-Edison district, a once stately area that was home to boxing legend Joe Louis and Motown founder Berry Gordy. But he was quickly outbid. An unidentified investor at the front of the room who had scooped up several dozen properties took the home Wallace wanted for about $15,000. “Why am I competing against a bank?” he said later. “It would be common sense to have a separate process for people who want to move back to the city or it’s going to stay empty.”
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POPS12 Steps to Economic Meltdown - Nouriel Roubini
Seventh, the banks losses on their portfolio of leveraged loans are already large and growing. The ability of financial institutions to syndicate and securitize their leveraged loans - a good chunk of which were issued to finance very risky and reckless LBOs - is now at serious risk. Eighth, once a severe recession is underway a massive wave of corporate defaults will take place. Ninth, the "shadow banking system" or more precisely the "shadow financial system" (as it is composed by non-bank financial institutions) will soon get into serious trouble. This shadow financial system is composed of financial institutions that - like banks - borrow short and in liquid forms and lend or invest long in more illiquid assets. Tenth, stock markets in the US and abroad will start pricing a severe US recession Eleventh, the worsening credit crunch will lead to a dry-up of liquidity in a variety of financial markets, including otherwise very liquid derivatives markets.
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POPS British Swine Flu Victim's Hospital Ordeal Stefano is now recovering at the home where he has been told he must stay until this evening to avoid spreading the virus. His father Alberto, 50, and sister Rosamaria, 30, were also ordered to remain in the house in case they had become infected. Stefano, who is in his third year of a human resources and business psychology degree at London Metropolitan University, started to feel ill as he returned home from a luxury two-week break in Cancun. He and his friends Anna Driscoll and Suzanne Buick, both 23, used student loans and savings to pay ?1,000 each for the trip. They spent their days relaxing on Cancun’s beach with pina colada cocktails and their evenings dancing in the town’s bars and clubs. Stefano, who is gay, said that he was mostly the ‘party pooper’, going home alone at 3am while the girls stayed out.
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POPSEnd the Bailouts and Protect Capitalism Earlier this month, Sen. David Vitter (R-La.) forced a vote on the elimination of Congress’s automatic annual pay raises. After some political gamesmanship, the Senate tabled his amendment. Last week, though, senators rethought their opposition and passed Vitter’s bill by voice vote. Taxpayers cannot claim victory yet, though -- House leaders seem disinclined to take up the measure. Somehow I can picture Pelosi speaking to Reid about this, behind closed doors of course.
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POPSReminder Of Obama Campaign Promise: Net Spending Cut Your other deductions with face similar limits. For a couple with adjusted gross income about 250K, I'm estimating a marginal tax rate without additional social security taxes of around 52%, 64%, including the employer share, if new social security taxes added. Tax the rich? My friends in this income bracket tend to have have high mortgages, work 60-80 hours a week, pay 40-50K or more a year for child care (a nanny is necessary when you often work into the late evening--and even day care for two kids in the DC area costs close to 40K a year), and have six figures worth of student loans, primarily from professional school, that they are still paying off. In other words, approximately 100K of their pretax income is taken up by their student loans and child care costs, which are the equivalent of "startup costs".
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POPSDrug use is a Health Issue, not a Law Enforcement issue We waste a lot of money fighting the drug trade in the U.S. What do we have to show for it? Over-crowded jails, bloated law enforcement budgets devoted to fighting drug use instead of helping the user fight the habit, a criminal underworld that is profitting from drug traffic and an ever increasing crime rate surrounding drug trafficking. This issue needs to be seriously addressed and changes need to be made, because what we are doing is NOT WORKING. For what other health issues do we use police, prosecutors, and prisons as the primary means of 'helping' a sick person? Isn't that just as silly as using a baseball bat to cure someone of clinical depression? (Smile and get happy or I'll whack you again)
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POPSQuestioning Someone Else's Debt I almost wish dulios had not told me about the snarky comments on Clipmarks related to my indebtedness. It's called student loans. Since when are they supposed to be embarrassing? Just because my parents could not pay for me to go to college, I am supposed to be ashamed? And of course, without child support or any contributions, I raised my two youngest siblings for seven years. Sometimes I had to borrow more money in student loans to support them. I was 25 and in graduate school with custody of my 13 year old sister, and the next year getting custody of my 12 year old brother. Where else was I supposed to get money? My story is in the clipped book as Chapter 7.
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POPS"Happy Days" Home Buyers Get Mortgages --- Politicians Get Reelected Democrats — and their community organizer “constituencies” — argued that it was “discriminatory” for banks to deny mortgages and business loans to people with poor collateral, poor credit, and dubious ability to repay their loans. Legislators replaced common sense with gouts of political oration about “redlining inner city communities,” “racist banking practices,” and other electioneering formulations that protected incumbency, but shoved bank solvency to the end of a bending limb. The CRA allowed legislators to bully banks into loaning money to people who simply weren’t credit-worthy. The only “collateral” they possessed was electoral: They could repay Democratic lawmakers on Election Day. Now, let’s fast-forward to 1993, when the Clinton administration further liberalized (a.k.a. “reformed”) the already anemic lending restraints of the CRA and created the President’s Community Development Bank, which “…
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