Biden Hails Credit Score (Asks Pizza Shop Owner "How in God's name did you get credit?")
Posted by admin / Under Credit Card Merchants
Since practically Day One of the Obama administration, there's been a crystal clear message: Credit lines have to loosen in order to improve the economy. "It's a recovery that will be measured by whether families and entrepreneurs can get the loans they need," President Barack Obama said in 2009."That's why we're freeing up credit that's frozen with a program that supports the market for more car loans, and student loans, and small business loans; and with a plan that will partner government resources with private investment to break the logjam that is currently preventing our banks from lending money to...
Published on Tuesday 31st of August 2010 04:59:23 AM
Post-Traumatic First African-American President Syndrome?
Posted by admin / Under Credit Card Merchants
Are you highly critical of the president? Do you find that you don’t thank him nearly enough? Are you not giving him the credit that he deserves? Well it just might be that you are suffering from, “POST-TRAUMATIC FIRST AFRICAN-AMERICAN PRESIDENT SYNDROME or PTFAAPS!” That’s right America, like, who knew that there was such a thing? But apparently, there is, according to Progressives. One progressive in particular coined the term. Liberal commentator and MSNBC contributor Karen Hunter said she is the one who named the disorder. Apparently, “post-traumatic first African-American president Syndrome” is the diagnosis if we Americans don’t give...
Published on Tuesday 31st of August 2010 04:59:23 AM
The Crisis of Credit Visualized (Why we are in this mess in the first place)
Posted by admin / Under Credit Card Merchants
Really simple (and may I say - accurate) Easy for EVERYONE to understand - no matter your background, experience and IQ.
Published on Tuesday 31st of August 2010 04:59:23 AM
Leading Chinese credit ratings agency downgrades rating of United States government
Posted by admin / Under Credit Card Merchants
In what could be seen as a sign that the world has been turned on its head, China's leading credit rating agency has stripped the UK, the USA, Germany and France of their AAA-ratings. Dagong Global Credit Rating, has cut the US to AA, while the UK and France are have been cut to AA- with Spain and Italy ranked at A-. At the same time, Dagong has upgraded China to AA+, putting in it the same category as Germany, Holland and Canada. The rationale is based on the simple prognosis that the growth potential in China is far greater...
Published on Tuesday 31st of August 2010 04:59:23 AM
Small companies denied credit as big firms thrive
Posted by admin / Under Credit Card Merchants
WASHINGTON – Big companies are building up cash and are expected to report strong earnings starting this week. Not so for small businesses that can't get loans — or hire freely until they do. The gap helps explain why the economic rebound isn't stronger and could even stall. Federal Reserve Chairman Ben Bernanke stepped up pressure Monday on banks to break the logjam and lend more to smaller firms, which employ at least half of American workers. Small business owners are relying on personal credit cards or raiding retirement accounts to stay afloat, the Fed chairman said. Bernanke and other...
Published on Tuesday 31st of August 2010 04:59:23 AM
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