June, 2010
Bonds for sale, backed by student loans
There is a big sale of student loans prepared – and the loans are all federally backed. These "securities" made of student loans are likely to be sold soon. Is it a good idea to sell government-backed loan credit? Or are businesses relying on taxpayers to bail them out should something go wrong?
How these banks ...
Border security may receive $ 600 windfall under Obama
Immigration reform and border security are key elements of SB 1070, the controversial new Arizona immigration law that has everybody talking. The Los Angeles Times reports that President Obama has asked Congress for a $ 600 million emergency fund with which the U.S. can instantly hire 1,000 more Border Patrol agents, obtain two Predator drones ...
Val Kilmer and also the possible Pecos River Ranch Bed and Breakfast
Home of Val Kilmer in New Mexico, the Pecos River Ranch, is becoming a flashpoint for controversy. The Pecos River Ranch is actually a several-thousand-acre ranch just outside of Santa Fe. Val Kilmer applied to try and turn the ranch into a bed and breakfast, and when the application was initially approved, it has been ...
Keep away from credit card debt relief scams by helping yourself
The long, deep recession and its aftermath have created an environment in which debt reduction scams and debt relief scams flourish. Credit card debt is a major problem as the horrible economy has put millions in financial distress. People drowning in debt are easy targets for unscrupulous debt reduction services promising relief from all that ...
UK Office of Fair Trading votes down idea of payday loan cap
Payday loan laws – specifically capping rates – is nothing new to American political theater. However, not all countries that allow payday lending to serve consumers in need of easy loans are so eager to institute a rate cap that could stifle the natural price controls present within a free market economy. According to UK ...
