No wonder Fed Chief Bernanke fought so hard to keep the Fed’s lending a secret. I just read in Rolling Stone magazine a story entitled “The Real Housewives of Wall Street.” It seems that the Fed loaned bailout money of $220 million to the wives of two Morgan Stanley bigwigs. After his wife got a …
“Atheism turns out to be too simple. If the whole universe has no meaning, we should never have found out that it has no meaning: just as, if there were no light in the universe and therefore no creatures with eyes, we should never know it was dark. Dark would be without meaning.” — C. …
On this day in 1861 Abraham Lincoln maneuvered the Confederate States into firing on Fort Sumter so that he would have an excuse to invade the South. Confederate peace commissioners had already been to Washington to negotiate the transfer of forts and magazines on their territory peacefully. Lincoln dallied, delayed, mumbled out of both sides …
After two years of Obama…Here’s your change! January 2009 TODAY % chg Source Avg.. Retail price/gallon gas in U.S. $1.83 $3.704 79.6% 1 Crude oil, European Brent (barrel) $43..48 $105..02 147.7% 2 Crude oil, West TX Inter. (barrel) $38..74 $104.78 155.9% 2 Gold: London (per troy oz.)5 $853.25 $1,469.50 70.5% 2 Corn, No.2 yellow, Central …
Grant asks, How would hyperinflation impact the note business? ————————————————————————- Recently in THE PAPER SOURCE JOURNAL I have been writing about your timely question. Hyperinflation would of course reduce the value of notes. If you create notes you should absolutely have inflation adjustment in the payment terms, that being a gold clause; I’m not a fan …
They want a new Muslim leader…. I say give them ours. Solves 2 problems.
I’ve received a lot of emails from people telling me how much they got out of the teleseminar with Lisa Moren-Bromma on Wednesday. If you missed it, you can hear the replay at www.PaperSourceOnline.com/teleseminars There’s some annoying chiming in the first few minutes (signalling when people were joining the seminar) but I figured out how …
http://www.foxbusiness.com/industries/2011/03/01/regulators-close-new-safe-mortgage-standard/ Financial regulators are closing in on a new rules for mortgages that would toughen standards for some homebuyers but still allow others to purchase a property with a low down payment with government support, officials said Tuesday (3/1/11). The compromise plan, first reported by American Banker, is designed to avoid inflicting any serious damage …
Regulators Close to New ‘Safe’ Mortgage Standard Read More »
by Lorelei Stevens When I was young and just starting in the note buying business, I went to a lawyer to get some advice. The first thing he told me was this: “Always remember, Lorelei, every note seller is a liar and a crook.” I was shocked to hear him say such a thing. I …
We should have known it by the name… You’ve seen and smiled at the Progressive Insurance TV commercials. Well, you’re about to learn the rest of the story: PROGRESSIVE AUTO INSURANCE You know their TV commercials, the ones featuring the ditsy actress all dressed in white. What you might not know is that the Chairman …
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