_468 x 60_20091205090514.jpg)
Careers in Finance 3.3
In this episode Careers TV highlights companies within the the Financial industry and gives insightful information and advice about how to get in and work within the sector.
Careers in Finance 3.2
In this episode Careers TV highlights companies within the the Financial industry and gives insightful information and advice about how to get in and work within the sector.
Careers in Finance 3.1
In this episode Careers TV highlights companies within the the Financial industry and gives insightful information and advice about how to get in and work within the sector.
FDIC Insurance Limits and Indymac Bank Loan Modifications
Sheila Bair, FDIC Chairman, explains the many concerns depositors have about their bank accounts due the recent bank failures. Depositors don’t have to worry if they are within the FDIC loan limits. She also talks about the FDIC loan modification program for IndyMac Bank customers. More info at: SCCRealEstateUncensored.com MiCasaMiDinero.com
G20 – Obama sign on to Global Currency! Dollar Plunges i
London – It was the French siding with Germany, China and Russia that dealt a financial checkmate to Obama, USA and the greenback. Currency trading stopped as dollar plunges 43% on world markets. Money, money, money it’s a rich mans world .ABBA … China Russia France Germany G20 London currency exchange Obama dollar greenback US oil banks melt down EU Bank of Scotland AIG bailout finance financial insurance gold standard credit foreclosure home riot
Property renovations, repairs, dealing with builders, Money Talks Part 2
www.financemoneybusiness.com In this recession how can you best deal with builders? Barbara Goldsmith gives her tips about renovating, upgrading and building properties.
What is the “economists” view of this financial crisis? (Serious Question)?
Here is my view. Please challenge. I’d be interested in your views:
If Government keeps taxes lower than they should be, prints money, and borrows money – you increase the money supply. People feel good about their finances. That creates demand to improve their dwelling. The demand fuels prices. Rising property prices gives banks confidence to lend (as the asset is rising in value). So thats what I think was going on.
Now who do you blame?
There’s a choice of 3.
The consumer
The banks
The government
The consumer – mostly they are not economists. They can’t see the bigger picture. They can only observe that buying property increases their wealth. The more they can borrow – the more money they make. They look to the past and see many people have done this – and made a wise choice.
The banks – they are a business. Driven by profit. Lending in a rising price market is low risk. As the years went by they got more ambitious, and took more risk. Loans above 100% though were reckless.
Government – these are the people who were keeping taxes lower than sustainable, printing money, and borrowing to meet the account deficit. This policy was never going to last.
So I believe the current problem was forseeable,
To whom do I attach blame.
Government 90% to blame
Banks 10% to blame. Especially making loans above 100%
Some consumers individual consumers may be to blame but not as a whole.
The Governement choice : to bailout or not to bailout.
To me thats like asking how would you prefer to crash your car – into a wall or over a cliff. One might be less costly.
I say the government shouldn’t have put rocket fuel at the gas stations.
====== ======
Please – challenge some or all of it. It all helps understanding. Thanks.
Advice on starting your own business?
As a couple with a young family, we are sick and tired of slaving away for ungrateful employers who do not give us any recognition or reward for our efforts at work. Both of us are in our late 20s. Lately, we have been discussing the possibility of re-establishing a family business of my father that I dissolved when he passed away 4 years ago, once the recession eases.
All the foundations are still in place, and I feel we would not really have to do a lot of work to get it up and running. He was an insurance broker selling a wide range of products and services including mortgages, life assurance, pensions, private medical insurance etc. Before my wife had our first baby, she was studying for her CEMAP which she promptly stopped due to maternity leave. As she has a background in finance having worked with numerous banks, I have encouraged her to start studying for the CEMAP again. Although, I have no specific insurance experience, I have worked as a Research Analyst in the property and finance sectors. I have a Masters degree in Business Management, and have a good level of business knowledge.
Are we thinking along the right lines? What else should we be thinking about? Do I need to do any qualifications if I want to sell insurance products? Any tips would be greatly appreciated. Thanks.
who else agrees with my understanding of ” the recession “?
the recession began because of the greed of directors and managers of the banks we use to look after and manage our money and finances,sure there was a property boom prices of property were constantly rising a good time to buy to invest in property.Banks were eager to lend people money to buy property,the money paid back was considerably more than the money borrowed so bank managers and the like saw this as a boom time for themselves.
I am Mr. General public and I have never pretended to know much about the banking system but I did wonder where all the money was coming from as house prices continued to rise and banks continued eagerly to give morgagesand to lend money it became increasingly obvious that the money did not exist only the prices of real estate existed,the directors and managers of banks new that money existed they were using it to award themselves collosall bonuses in exchange for the bubble,the false economy they were creating, a bubble that was waiting to burst but that was not going to be their problem they received more money as a bonus along with managing directors of many companies than I will earn in a lifetime, this false economy allowed them all to be grossly overpaid.Enough said the bubble burst and we have a recession.
Financial institutions ( banks,places that employ people,shops,companies) now have to face a different reality. the truth being there is not as much money to go round as they had thought. Shares plunge,many people have their work taken away from them, not enough money to pay them anymore, businesses colapse.
Now we have a recession ( over 3 or is it 6 months without economic growth) and it is not likely to go away while general public is scared of spending his money.
Well done the media, news broadcasters and newspapers who seem to revel in being able to tell us (general public) about statistics we do not need to know representing the economic gloom they are helping to create, look at yourself in the mirror Mr.Newscaster and the producers behind you when you continue to stoke the flames of recession.Best advice to general public is to stop watching"the news" which is a form of propaganda in fluencing the way we think and installing the fears of recession which continue to keep the recession going. In time general public will relax again stop living with economic fear and spend money more freely(if they have money) once again thanks to the overpaid directors whose greed started this ball roling and thanks to the media and its employees who make sure recession will last,it makes easy news for them, I expect their jobs are secure
i am looking for marine finance in Dubai?
I am a UK resident looking to finance a boat in Dubai. Which banks in Dubai can help me
