Posted on October - 31 - 2009
Many students normally apply for loans when they want to join college to help them cater for the various expenses. These loans have seen many students start and complete their studies in a stable environment. When you graduate it is easy to become overwhelmed by your student debt since that is when you start making payments. In order for you to make your repayments more manageable then you can look at the student loan consolidation option. There are two main types of student loans, federal and private. If you get a federal student loan there are many benefits to consolidating your loan so that you can manage your debts easily.
When you go for federal student loan consolidation you are offered a lower interest rate which makes the repayment process easier.
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Posted on October - 31 - 2009
If my count is right and nothing more happens this evening, the FDIC took down 9 more banks today and I believe that is 115 for the year. Three or four years back we had zero closures for the year. Quite the change. Not S&P crisis levels in quantity, but the dollar values are right up there.Continued Real Estate WoesRemember Fannie Mae (FNM)? You should, because we own it. Lest you missed the news, virtually all new mortgages issued these days are ending up with the GSEs, either Fannie, Freddie (FRE) or Ginnie. In any event, it would appear they are not doing so well. Below is a chart I have borrowed from Calculated Risk and I link here the actual blog, which I highly recommend.
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Posted on October - 30 - 2009
Some cancers are particularly nasty because they spread so quickly through the body. The same can be said for the way insider trading can spread its black wings throughout the financial system. This comes to mind as one contemplates the latest revelations about Galleon Group, the formerly $3.7 billion hedge fund whose founder, Raj Rajaratnam, has been charged in the largest hedge fund insider-trading case ever. Rajaratnam is out on $100 million bail.
The latest news about Galleon does not expose all the new cancer sites — but it adds some color to what we already knew.
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Posted on October - 29 - 2009
There’s nothing worse than realizing you owe too much money to the credit card companies. Worse yet is wondering how the heck you’re going to pay it back. When you look at how small those minimum payments are you’ll soon realize it will take much more than that to pay them off. It’s going to take paying much more than the minimums each and every month to make any progress in paying off those high balances.
So where do you get the money to pay off your credit card debt? Well, let’s assume you’re not going to win the lottery anytime soon. So the next best thing is to develop a budget for yourself. A budget can be very beneficial on many fronts. But the main thing a budget will show you is if you where you stand financially.
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Posted on October - 28 - 2009
By now, we should all be familiar with Toyota Motor’s (TM, news, msgs) woes. No sooner had the automaker finally ascended to the No. 1 global spot, displacing General Motors (MTLQQ, news, msgs), now known as Motors Liquidation, than it began to hit speed bumps and potholes. There were historic financial losses, lawsuits and embarrassing, tragic recalls. At one point, it was widely believed that Toyota could do no wrong. All of a sudden, it could do no right. 
World’s most expensive cars
So the Tokyo Motor Show, by all rights, should have been an opportunity for Toyota to redeem itself in its own backyard. Read more…
