Small Business is the Lifeblood of New Jobs, TD Bank Executive Says
Joining me on PowerTalk this week to talk about the economy, the outlook for small business and job creation prospects, as well as the availability of credit, is Jay DesMarteau, head of Small Business, SBA, Restaurant, & Government Banking at TD Bank. Each week on PowerTalk, we go behind the scenes to put you in the know — this time we’re talking about the lifeblood | Read More »
, employment report
, Job Creation
, small business
Breaking: US Credit Downgraded Again
US Credit Downgraded again on QE3 move: From MarketWatch “SAN FRANCISCO (MarketWatch) — Egan-Jones Ratings Co. said Friday it downgraded its U.S. sovereign rating to AA- from AA on concerns that the Fed’s new round of quantitative easing, or QE3, will hurt the U.S. economy. The ratings agency said the Fed’s plan of buying $40 billion in mortgage-backed securities a month and keeping interest rates | Read More »
If Obama can claim credit for killing bin Laden a year ago, why can’t he take credit for the economy today?
As President Obama and his administration are constantly telling us, the horrible economy is not his fault because he inherited the “Worst recession since the Great Depression”. One can certainly make that argument. You just can’t get it to stick. If you could however, what you’d basically be saying is that that 3 ½ years after taking office the President of the United States is | Read More »
Like Christmas in October; OccupyMN is coming to town!
I’m just thrilled those of us who live in the backwaters of Minnesota will be privileged to become part of the “Occupy” movement. It is a joy to think we too can have an assortment of anarchists, communists, indoctrinated students, socialists, and just plain nuts filling our public spaces. Really, I am truly excited because I’m a huge fan of free speech. I truly believe | Read More »
D’oh! Stupid S&P Downgrade
There’s an early episode of The Simpsons where Homer, vexed by a flashing “check engine” light on his vehicle dashboard, “fixes” the problem by laying a strip of electrical tape over the light. To his mind, if there’s no warning, there’s no problem. The same mentality is on display by President Barack Obama, Treasury Secretary Tim Geithner, and leftist commentators in the press and blogosphere. | Read More »
Obama wants to control your access to credit
The Dodd-Frank financial reform bill passed last year contains something every bit as dictatorial — and dangerous — as Obama’s unconstitutional “czars.” I found out about it in an email I received from Senator Jerry Moran (R-KS) [boldface and first hyperlink added by me]: This week I introduced commonsense legislation to reform the Consumer Financial Protection Bureau (CFPB). Better consumer protection is a shared goal | Read More »
“Please Don’t Use Our Credit Ratings…”
In reaction to the passage of the new financial reform bill, the credit ratings agencies of Moody’s, Fitch Group, and Standard & Poor’s are evaluating their liability. According to the Wall Street Journal, some bond markets have shutdown in response to this statement. Why is this important? …some bonds, notably those that are made up of consumer loans, are required by law to include ratings | Read More »
Fascist Democrats Planning Another so-called Stimulus Package
Democrat debt junkies coming down from their hope-ium high are calling for a second round of trillion dollar deficit spending to numb the nation’s economic pain. This additional injection of credit will not address the systemic issue of excessive spending and will further weaken consumers by extracting more purchasing power from the dollar. “We really should have a second stimulus, we should have more stuff,” | Read More »
, Consumer confidence
, Gerald Celente
Fannie Mae to Loosen Credit Requirements: Since It Worked So Well the First Time Let’s Do It Again!
Here we go again… once again this administration is returning to failed liberal policies repackaged as golden solutions in order to save you from a catastrophic Armageddon. President Obama and Congressional Democrats have turned to using FEAR to scare the public into bad legislation, something this administration accuses the previous of doing and said it wouldn’t do, and has relegated itself to lying about the | Read More »
The Price of the Presidency
A Pastor Friend recently documented the laughable ease with which he donated to the Obama campaign from South Africa using a false name. He rightly asked “Where is the Outrage?” Where indeed, more to point “where is the prosecution for this and the host of other obvious acts of fraud that have been and continue to be blatantly used to help elect Obama?” Well, the | Read More »
Why is this not getting more attention
Apparently every wants to talk about the Todd hoax instead of the issue of real importance: Obama’s donation website does not verify addresses before accepting credit cards. This is something that is simple and easy for ordinary people to understand. Anytime you buy something online, if you make a mistake entering your address or name your credit card won’t be accepted. But Obama is not | Read More »
Banking and Insurance! What’s next?
“The Bush administration, which took office as social conservatives, is now leaving as conservative socialists.” -Allan Mendelowitz Well that pretty sums it up I think. Congratulations folks.We are all now in the banking business! Banking and Insurance! Aren’t they the second and third oldest professions?? looks reasonable on the surface I guess….as reasonable as government stomping on free markets can possibly appear… http://money.cnn.com/news/newsfeeds/articles/djf500/200810141743DOWJONESDJONLINE000670_FORTUNE5.htm “A Treasury | Read More »
How to reform our financial system
A long time ago, when you wanted to buy a house you would go to a local bank and ask them for a home mortgage loan. The bank would usually ask that you put 20 percent down, look into your credit history, income and assets. The bank would appraise the property to be purchased and mortgaged. If they loaned you the money, they would service | Read More »
Could this be why the credit markets are screwed up?
I am no financial wizard, so let me just throw this suggestion out there. Perhaps this is the reason why the credit markets are screwed up and the LIBOR is so high: http://www.foxnews.com/story/0,2933,435524,00.html Why borrow from each other when you can borrow from Ben Bernanke instead, with far lower risk, and maybe even a chance that the government will forgive your debt at some point | Read More »
How Stupid Have I Been?
I am so angry with myself right now. Why didn’t I buy a $500,000 home last year instead of that $280,000 shack. And why am I still so stupid as to continue paying my mortgage on time and fulfill the terms of my promissory note. Why have I tried to work overtime to take out a line of credit to remodel my kitchen. My stupidity | Read More »