Posts Tagged ‘money’
The Bankruptsy of 1933 101 – Rod Class – Part 2
November 7th, 2011 | 
Author:
Part 2 of 2. Important information that should be taught in schools but ISN’T!
Listen and pass on. This is what the money system is.
http://www.talkshoe.com/talkshoe/web/talkCast.jsp?masterId=48361&cmd=tc
http://www.rodclass.com
continued from: http://www.youtube.com/watch?v=IxjtBVCQpgk
Duration : 0:14:26
Posted in franklin mortgage | 
Tags: 1933, 48, 73-10, act, AIB, Amendatory, American, Banking, Bankruptsy, C1, cash, class, Coin, Confiscation, congress, Constitution, Corporation, Crisis, Economics, economy, Enemy, executive, FDR, federal, Franklin D. Roosevelt, Fund, Grab, Heist, HR1491, HR4960, Island, Jeckyl, License, Loot, McFadden, Mint, money, mortgage, note, of, one, Order, Part2, people, PL, private, property, reserve, rob, Rod, scam, Securitize, security, Stat, Steal, Stolen, Swindle, The, Trading, treasury, Trust, United States Congress, with | 
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Local Mortgage Rates Reach Record 4 Percent
Local mortgage lenders and realtors say that having some sort of uncertainty in buying properties actually helps save homeowners and homebuyers money. KETV NewsWatch 7’s Ryan Luby reports.
Duration : 0:2:19
Posted in mortgage rates |
Tags: buyers, home, homes, Luby, money, mortgage, rates, Ryan |
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Mortgage Rates Hit Record Low
Mortgage rates hit another record low this week, marking a unique opportunity for people to buy or refinance a house. KMBC 9’s Martin Augustine reports.
Duration : 0:2:16
China’s Subprime Mortgage Crash
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The Global Financial Crisis (GFC) started three years ago,
but China seems to be immune to it.
Under the tightening monetary policy,
many of enterprises are turning into shadow banks.
With the due date of loan sharking approaching,
the economic claps occur continuously.
Foreign media warned that the Chinese version
of the Subprime Mortgage Crash is approaching.
After the start of the GFC in 2008,
China began changing its monetary policy.
For small and medium size firms its difficult
to access the formal banking sector.
Instead, they loan money from shadow lenders
who are actually state companies.
The official sector can obtain money from state-owned banks
and issue loans to other borrowers with higher interest rates.
In addition, non state-owned shadow banks are expanding,
and more problems are being exposed.
Economists are worried that China is starting to follow
the pattern of the U.S.’ Subprime Mortgage Crash.
During the World Economic Forum held in Dalian last week,
a former vice chairman of NPC, Cheng Siwei said:
“China’s Subprime Mortgage Crash is the lending of money
to local governments which have no ability to repay them.”
It is estimated that 80% of the loans from the top four banks
in China go to state-owned firms.
But now China has different shadow banks, from state-owned
to individuals’ firm, most of them with officials’ background.
Local governments use state funds to invest in businesses,
and the funds are estimated to be ca. $1.7 trillion.
These shadow banks are outside the banking and financial
sectors and are thus less regulated or not regulated at all.
Economist Cao An thinks that the state-owned firms
have the advantage of funds.
They can lend the money through guarantee companies
or other platforms.
In this lack of credit system, once the problem is exposed,
it will be worse than what happened in the U.S.
Cao An: “The economic trend is at a low point,
small or medium-sized firms need plenty of funds.
But even with the loans it is difficult for them to make
60-100% profit and service the loan; this is a risk for lenders.
Therefore if the borrowers fail to service and repay the loans,
this will become a bad debt.”
China added new loans, adjusted to its GDP. They went up
to 200%, from 100% prior to Lehman Brothers’ collapse.
Subsequently, the bad debt rate raised
from 1% in the first half of 2010 to 4.9% in 2011.
Chen Zhifei, Economy Professor, New York City University,
points out experts’ analysis,
which shows 2011 as the most difficult year for China
since China’s open market economy had started.
According to a survey done by the Industrial Federation,
90% of the firms in China don’t get a penny from the banks,
and 95% of the private firms don’t get loans from banks
either, showing that funds allocation is not sound.
Chen Zhifei: “China’s fund distribution is for state-owned
enterprises, This policy exists for 10 to 20 years now.
After the GFC started, China had loaned
RMB 4 trillion for investments.
If these investments’ loans do not get repaid, they will turn
into bad debts and the country’s economy will collapse.”
Beijing economist Mao Yushi points out that although
the top four banks in China are controlled by the government, the accumulation of bad debts still occurs
Mao Yushi: “The companies borrow money from the banks
and lend them as high interest rate loans.
The problem is due to lack of interest rates’ market regulation.
It’s bureaucratic as it’s the privileged who can borrow money.
Most of the people can only borrow high interest rate loans,
this is the reason why the problem exists for so long.”
Mao Yushi thinks that the solution to these problems
is to open small and medium-sized banks,
and let people establish such banks as well,
not only the government.
NTD reporters Liang Xi, Li Ting and Wang Mingyu.
《神韵》2011世界巡演新亮点
http://www.ShenYunPerformingArts.org/
Duration : 0:3:54
Produce the Note – Fighting Foreclosure – CNN
Facing foreclosure? Info at http://www.consumerwarningnetwork.com may help. Your goal is to make certain the institution suing you is, in fact, the owner of the note. There is only one original note for your mortgage that has your signature on it. One such case is profiled on CNN’s Your Money.
Duration : 0:5:17
Posted in mortgage lenders |
Tags: ameriquest, Bear, CNN, countrywide, Debt, EMC, fight, foreclosure, money, note, Original, Produce, Stearns, The, Your |
21 Comments »
‘Euro needs serious surgery, not pills & plasters’
The EU has called for the President of the European Central Bank, among other officials, to stand before a special financial committee, as the debt plague sweeping the bloc threatens its very unity. Talks, which are underway, focus on halting the spread of contagion, as fresh data sows panic with revelations even such economic giants as Germany are not immune. Another priority is addressing investor concerns that Finland’s demands for collateral, could derail a second 160 billion euro bailout for Greece. Patrick Young, Executive Director of the investment firm DV advisors, believes the rifts between the EU nations make it impossible to offer a meaningful solution to the crisis.
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Duration : 0:5:42
Posted in mortgage rates |
Tags: austerity, bailout, Belgium, crash, Crisis, crisis August 2011, Debt, dollar, dow jones industrial average, ECB, economy, euro, eurobonds, finance, France, gold price, gold price per ounce, Italy, Merkel, money, mortgage rates, obama, Oil, Recession, RT, Sarkozy, silver price, Spain, stock market today, stock quotes, trillion, Wall Street |
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Cramer’s Investing Basics [NBC 7-09-2011]
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Tuesday July 12 2011 9:14 am
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The Emergency Economic Stabilization Act of 2008 (Division A of Pub. L. 110-343, 122 Stat. 3765, enacted October 3, 2008, commonly referred to as a bailout of the U. S. financial system, is a law enacted in response to the subprime mortgage crisis authorizing the United States Secretary of the Treasury to spend up to US$700 billion to purchase distressed assets, especially mortgage-backed securities, and make capital injections into banks (however, the plan to purchase distressed assets has been abandoned). Both foreign and domestic banks are included in the program. The Federal Reserve also extended help to American Express, whose bank-holding application it recently approved. The Act was proposed by Treasury Secretary Henry Paulson during the global financial crisis of 2008. The original proposal was submitted to the United States House of Representatives, with the purpose of purchasing bad assets, reducing uncertainty regarding the worth of the remaining assets, and restoring confidence in the credit markets. The bill was then expanded and put forth as an amendment to H. R. 3997 . The amendment was rejected via a vote of the House of Representatives on September 29, 2008, voting 205–228.
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Duration : 0:7:58
Posted in subprime mortgage |
Tags: 92y, advice, austrian, bailout, bears, benjamin, bershire, bubble, Buffett, bulls, buy, capitalism, Confidential, Cramer, Crisis, dollar, Economics, Energy, federal, finance, financial, fora, foratv, Gas, gold, graham, Hathaway, how, inflation, interest, invest, investing, investment, jim, long, mad, market, markets, Merriman, money, natural, rates, recommendation, reserve, sell, Silver, SITV, Sound, stock, Stocks, street, term, thestreetcom, tip, Trading, Treasuries, value, wall, Warren |
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Michael Copley – How To Avoid First Time Home Buyers Remorse
Financial Expert Provides Top Five Steps to Consider When Buying a Home for the First Time
Michael Copley — Executive Vice President of Retail Money-Out Products, TD Bank
Background:
It’s no surprise that millions of Americans plan to buy a home each year. And for most Americans, the process can be a daunting one. Owning a home requires a large investment of time, money and energy, so you should make your decision to buy a home carefully. TD Bank is looking to make the first-time home buying process a little less cumbersome. To compliment the bank’s hassle-free and easy to understand mortgage products, they have developed a comprehensive First Time Home Buyer kit to educate first time home buyers and guide them through every step on the path to making a house a home.
TD Bank developed the First Time Homebuyer Kit to create a rewarding home-buying experience. Available on the TD Bank website (www.tdbank.com/firsthome) as well as in stores, the kit is designed to take the customer through the process of purchasing a home, providing advice and information needed to choose the house and mortgage to best suit individual needs.
Some things to consider when buying your first home are:
Determine how much home you can afford: By looking at your income and current monthly debts, you can determine your ideal monthly
Buying home isn’t for everyone: Know the benefits of owning vs. renting before making any decisions. Also stop to think about what type of home you can afford and which style suits your lifestyle such as single-family homes, town houses or fixer-uppers.
Narrow the focus of your search: Many factors impact the ideal type of house for each buyer including desired features and benefits, life stage, and how many improvements you’re willing to make before moving in.
For more information please visit:
www.tdbank.com/firsthome
More About Mike Copley:
Mike Copley leads Retail Money-Out Products at TD Bank. Mike has 30 years of banking experience. Prior to joining the bank in January 2005, he served as Senior Executive Vice President for MBNA America Bank, Inc., the world’s largest mono line credit card issuer for 11 years. Mike’s additional experience includes ten years at CitiCorp, in various senior level positions specific to the mortgage business. He began his banking career in Portsmouth, VA with Central Fidelity Banks’ Inc. as a management program trainee. Mike is the former Board Chairman for St. Mark’s high school in Wilmington, DE. He obtained his Bachelor of Science degree in Marketing in 1978 from The University of Richmond and the E. Claiborne School of Business.
Duration : 0:17:26
Posted in first mortgage |
Tags: america, bank, banks, buyers, buying, consider, copley, create, Energy, experience, Expert, financial, First, five, home, home buying, homebuyer, in, investment, kit, large, mbna, michael, Mike, money, moving, Out, owning, products, provides, purchasing, remorse, requires, Retail, rewarding, steps, TD, time, Top, when |
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Eurozone Exit sign looms large for Spain amid debt disaster
The European Central Bank has disclosed details of its emergency operation to save Italy and Spain from the debt crisis, revealing that it spent a record €22 billion on government bonds. The admission comes ahead of Tuesday’s meeting between French PM Nicholas Sarkozy and his German counterpart Angela Merkel in a further bid to stem the spread of the crisis.
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Duration : 0:2:37
Posted in mortgage rates |
Tags: Belgium, crash, Crisis, crisis August 2011, dollar, dow jones industrial average, ECB, economy, euro, eurobonds, finance, France, gold price, gold price per ounce, Italy, Merkel, money, mortgage rates, obama, Oil, Recession, RT, Sarkozy, silver price, Spain, stock market today, stock quotes, trillion, Wall Street |
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Markets are Calm, But is The Storm Over [FOX 8-18-2011]
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Tuesday August 23 2011 9:06 am
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The subprime crisis impact timeline lists dates relevant to the creation of a United States housing bubble and the 2005 housing bubble burst (or market correction) and the subprime mortgage crisis which developed during 2007 and 2008. It includes United States enactment of government laws and regulations, as well as public and private actions which affected the housing industry and related banking and investment activity. It also notes details of important incidents in the United States, such as bankruptcies and takeovers, and information and statistics about relevant trends. For more information on reverberations of this crisis throughout the global financial system see Financial crisis of 2007–2010 or Global financial crisis of September–October 2008. Home sales continue to fall. The plunge in existing-home sales is the steepest since 1989. In Q1/2007, S&P/Case-Shiller house price index records first year-over-year decline in nationwide house prices since 1991. The subprime mortgage industry collapses, and a surge of foreclosure activity (twice as bad as 2006) and rising interest rates threaten to depress prices further as problems in the subprime markets spread to the near-prime and prime mortgage markets.
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Duration : 0:2:0
Posted in subprime mortgage |
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