Category Archives: Hard Money Loans

Ponzi schemer given stiff sentence

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Ponzi schemer given stiff sentence
“It's hard to hear that people feel that bitter.” Mackey then turned to look at some of his victims and … The retired teacher said she had hoped to use the money to pay off her home and help her son with college loans. “That won't be happening now …
Read more on Atlanta Journal Constitution

Handle Your Many in a Way That Will Let You Achieve Your Dreams
Spending beyond your means is an addiction. A spending addiction is probably as hard to cure as a drug addiction. It requires changing lifestyles. I've frequently hired a casual laborer. He is excellent at his craft and for 20 years made really excellent money …
Read more on Huffington Post (blog)

Occupy Distressed Debt: Can We Save The World With Loan Forgiveness?
Instead of a bank just lending money and collecting interest, it sells the rights to that income stream as an Asset Backed Security. By buying up a diverse array of ABS you … than just giving money to poor people"? And I reckon it's hard to answer the …
Read more on Slate Magazine (blog)

German Refusal on Bank Aid Mars End of Europe Summit

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German Refusal on Bank Aid Mars End of Europe Summit
If her view prevails, and Germany's often does, European rescue loans for the troubled banks, at least in the near term, would be carried on the books of the governments in Dublin and Madrid, adding to their debt burdens. The Spanish prime minister …
Read more on New York Times

Stocks Give Back Gains on Weak Earnings
The net-interest margin is effectively the difference between what the bank pays its depositors and what it collects on its assets, or loans. Narrowing margins … a healthy 2.7% dividend. BB&T made money even during the terrible financial crisis of …
Read more on Barron’s

Whale Aside, JPMorgan Makes Big Money off Mortgages; RBS Collects on IPO …

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Whale Aside, JPMorgan Makes Huge Money off Mortgages; RBS Collects on IPO …
The boost in profit is related largely to a spike in mortgage loan originations that counterbalanced an additional $ 449 million in derivative losses courtesy of the London Whale and caused CEO Jamie Dimon to declare "we believe the housing market has …
Read more on Bank Technology News

10 Reasons Your College Major Matters
But now we can attach dollar signs to hard data, with the caveat that estimates are “not intended to be a prediction but an illustrative example of the magnitude of differences in earnings,” according to one Census report. Here are 10 things you should …
Read more on Money Talks News (blog)

ELECTION 2012 – Romney clearly is the superior money manager
Biden has numerous savings and checking accounts paying very low interest as well as numerous loans that charge much higher rates. So, in effect, the Bidens are just throwing money away. Even more disturbing is the Bidens' relatively low net worth …
Read more on Syracuse.com (blog)

Boldface: It's still Angello's, but it's no longer Jim's
“We used money from our wedding and a loan from his parents to buy the property,” Diane recalled. As the business grew, so did the facility and staff. Diane did the payroll even after their two sons were born. And Steve, his widow said, “really worked …
Read more on Canton Repository