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.
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.
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.
Posted in News and Views
Tagged business, economy, entrepreneurs, financial institutions, funding, funding startups, innovative funding ideas, internet, investment, investors, jobs, Loans, Recession, sba, small business
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.
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.
A couple of items to share before I transition to my new adventure:
- The Asian Business Association of Orange County wants you to know of a couple events coming up in August and September:
- The Filipino American Chamber of Commerce of Orange County is hosting its Annual Green & Health Expo on August 25 at the Crowne Plaza Anaheim Resort in Garden Grove. Details can be found here.
- The ABAOC is putting on its annual Procurement Opportunities and Export Initiatives event on September 22 at the Disney Paradise Pier Hotel in Anaheim. Details are available here.
- The indefatigable Frank Ferral is spearheading, along with the Greater Stockton Chamber of Commerce, a Recycling BIN Summit on August 9 at the University Plaza Waterfront Hotel in Stockton. More information can be found here.
As for matters of concern with state government, until the Governor appoints a new Small Business Advocate, please contact GOED regarding any matters of concern. The general number is (877) 345-4633. Joel Ayala is the Director (firstname.lastname@example.org), and Dave Freitas is the Chief Deputy Director (email@example.com).
Daisy Luna is staying on as our intern. She manages the event calendar, so please forward her information that you want posted to the GOED business calendar: firstname.lastname@example.org.
For matters dealing with procurement, please contact Eric Mandell at the Department of General Services at 916-375-4608: email@example.com.
As for me, I will kicking back for exactly two days, and then I will be in touch with you all on Monday about the new direction. Nikki, be patient!
Thanks again for the friendships and collaborations over the years, and remember: the best is yet to be!
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.
Posted in News and Views
Tagged Depression, economic crisis, economy, ethics, financial crisis, financial institutions, foreclosure, funding, HAMP, jobs, Loans, money, mortgage, mortgage finance, Obama, people hate banks, Recession, They are all a bunch of bastards
This Week’s Headlines:
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.”