Guess what?
You can become a debt slave on autopilot as part of your college education. Institutions of higher learning have partnered with banks to dole out Pell grant and student loans through debit cards that double as student identification cards.
Now you can get a degree that you can’t pay off and be nickle and dimed to death doing it.
It up to us to stop this.
Click on image at left to enlarge.
Typically, eminent domain has been used to clear property for infrastructure projects like highways, schools and sewage plants. In this case, supporters say, the public purpose is served because communities battered by foreclosures have seen tax rolls decimated and services gutted and have suffered economic blight.
Posted in News and Views
Tagged banks, california cities, Depression, economy, eminent domain, financial institutions, foreclosure, Loans
NEW YORK CNNMoney — Homeowners who were victims of foreclosure abuses during 2009 and 2010 could receive more than $125,000 from lenders as part of an Independent Foreclosure Review that is being overseen by two government agencies.The Office of the Comptroller of the Currency OCC and the Federal Reserve laid out the framework in which borrowers will receive compensation for a wide range of foreclosure abuses and errors that occurred as a result of robo-signing.
Posted in Tools and Information
Tagged economic crisis, foreclosure, homeowners, Loans, real estate, robo-signing
The hero bursts through the window, firing two 9mm pistols. Even as the casings and glass are hitting the ground, the bullets find their mark, felling dark robed assassins. She crosses a large empty warehouse, dodging knives, grenades, bullets and well choreographed MMA moves to make it to the closet where a nuclear warhead is ticking…ticking down to zero. Wiping the sweat from her brow, she contemplates, “Red wire, blue wire…,” while pausing to shoot yet another bad guy. Finally, it all comes down to fate as she snips through a random wire, stopping the countdown clock at 00:00.
A protagonist fighting long odds, expending all resources and digging deep into the abyss within themselves to continue to battle back. Eventually, their tenacity and inventiveness is rewarded with success. Many entrepreneurs are affected by this kind of thinking. Not unlike Disney movies for girls years ago (be pretty, smart and attractive and a man will complete you), our movies and books often paint a world that is entertaining, but unreal. For more on this, watch the outtakes from any Jackie Chan movie.
A heroic mindset is useful for times of conflict and challenge, but where it comes to the finances of your start up or expanding company, you can’t afford to be anything but a steely eyed realist. Here are three of the fables we’ve heard in the last decade:
Posted in Tools and Information
Tagged angelina jolie, business, charisma, entrepreneurs, funding, Loans, money, sba, small business, social networking, start ups
In an office above a Bank of America Corp branch in Beverly Hills, California, home to some of Hollywood’s biggest stars, the pawnshop for the prosperous regularly lends to hedge-fund managers, bankers, lawyers, doctors – and occasionally to Oscar winners.
Moreno says that it is a mistake to believe that everyone in the developing world is interested in running a small business. “Most people just want a job.” In a country like Colombia, where there are limited educational and employment options, that is hard. Everyone is forced, out of necessity, to create his or her own livelihood.
Bank credit is scarce and investors are skittish, but that didn’t stop these 6 start ups. They found creative ways to raise cash during the downturn.
Q. Should I get a loan from the SBA?
A. You can’t get a loan from the SBA, but you can get a SBA loan guarantee. Come again?
Well, first off, the SBA does not loan money, so you can’t get a loan from the SBA.
The SBA guarantees a large portion of the loan made by the bank. This means you have to negotiate two sets of paperwork and get two approvals before you get funded.
Q. What is the benefit of a SBA loan guarantee?
A. An SBA guarantee gives the bank the opportunity to fund a loan that doesn’t meet their commercial requirements. The SBA guarantees the bank will receive their funds even if the borrower, you, defaults on the loan. The guarantees range from 50 to 90% of the loan amount.
Posted in Tools and Information
Tagged banks, financial institutions, funding, Loans, sba, small business
Productive wealth has been trapped in a web of parasitic theft, counterfeiting, liability evasion, non-regulation, and prosecutorial non-accountability. All the fundamental attributes of a functioning exchange economy have been warped to reward creative criminals.
Posted in News and Views
Tagged banks, business, Depression, derivatives, economic crisis, economy, entrepreneurs, financial crisis, financial institutions, funding, Goldman Sachs, Loans, meltdown, Recession
Here is the text of Marty Keller’s goodbye note and it provides some information about they way forward for the California Small Business Advocate’s Office. We’ll miss you, Marty. – Ed.
Posted in News and Views
Tagged banks, branding, business, Deals, Depression, economic crisis, economy, entrepreneurs, financial crisis, financial institutions, funding, jobs, Loans, marketing, money, Recession, sba, sbdc, small business, start ups
Peter Mehit of Custom Business Planning and Solutions was a participant at the 2011 OC Technology Influencer Mixer and Summit. Here he speaks about his experience as an entrepreneur, the qualities entrepreneurs possess and why he is dedicated to helping them find success.
Posted in News and Views, Op-ED
Tagged angel investors, banks, business, business plans, entrepreneur, friends and family, fund raising, funding, investment, investors, ipo, Loans, planning, sba, small business, start ups, venture capital, vision
The audits accuse the five major lenders of violating the False Claims Act, a Civil War-era law crafted as a weapon against firms that swindle the government…
The audits conclude that the banks effectively cheated taxpayers by presenting the Federal Housing Administration with false claims: They filed for federal reimbursement on foreclosed homes that sold for less than the outstanding loan balance using defective and faulty documents.
This Week’s Headlines:Posted in News and Views
Tagged business, economic crisis, economy, financial institutions, funding, Loans, money, Recession, small business
To those of you who don’t understand what the Federal Reserve Bank is doing to, er, for the economy, this HILARIOUS video is for you. It features two little fluffy characters who speak of the ‘Bernanc’ and explain why the Fed is printing $600BN dollars.
Why? ‘The Goldman Sachs’
He was watching customers pay with cards furnished by the company he felt was trying to screw him, all in the name of keeping a little extra of his money every month. It’s illegal to offer free booze to entice customers.
But free meat? Fair game.
“If someone wants a steak dinner,” he says. “I will feed them.”
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Posted in News and Views, Uncategorized
Tagged economic crisis, Loans, marketing, people hate banks
Zero Hedge shtfplan Associated Press
