Hockey Team USA does a great job winning Silver.

Team USA wins silver. Canada won gold in overtime. Great game.

Read Full Post »

Interesting News on the new overdraft protection program

Interesting News just in on CNN. Part of a new law put in effect to stop banks from charging many of the fees they have in the past that hurt the consumer, limits the banks from charging the overdraft fees. CNN reports that what the banks are doing are calling the customers and telliing them [...]

Read Full Post »

Credit Card Rules finally go in effect. But does it help most of the companies already raised rates,lowered lines

CNN reports on the greedy credit card market. Between the banks and the credit card companies, most of us affected by the sins of those exact companies, find ourselves struggling just to pay the fees and bills. By passing reform but giving the companies 10 months to figure out how to continue to screw us. [...]

Read Full Post »

$1 billion in small business credit vanishes from Oct-Dec 2009

Another $1 billion in small business credit vanishes By Catherine Clifford, staff reporter December 16, 2009: 5:42 PM ET NEW YORK (CNNMoney.com) — The small business credit crunch is still deepening: Major banks cut their small business loan balances by another $1 billion in October, according to a Treasury report released late Tuesday. The 22 [...]

Read Full Post »

The Early Show on Channel 10 News reports on credit card usage down

Most people are disgusted and frustrated with the apparent lack of any ethics in the credit card industry. While people are struggling to survive and feed their families in this economic nightmare, Credit card companies have decreased credit lines for people, even when the person’s credit situation hasn’t changed. This happened to me. What did [...]

Read Full Post »

Monitor Daily reports on February 9, 2010 on Bank of America lending for 2009

Bank of America Extends More Credit in 2009 Than Any Other U.S. Bank Bank of America issued its fourth-quarter Lending & Investing Initiative Report, noting the extension of more than $758 billion in credit during 2009, including nearly $180 billion during the fourth quarter alone. This quarterly report outlines the company’s progress in driving economic [...]

Read Full Post »

What do I do if I can’t get a business loan?

Many businesses are asking this same question. The problem is complex but can be answered as simply. Banks DO NOT have to lend to make money. They can sit on their deposits and shore up their resources to make more profits. Simple. They DON”T have to lend and they are not right now.

Read Full Post »

Monitor Daily reports, Regulators say won’t criticize small business loans

Regulators Say Won’t Criticize Small Business Loans Friday, February 05, 2010 The federal financial regulatory agencies and the Conference of State Bank Supervisors (the regulators) issued a statement today on prudent lending to creditworthy small business borrowers. The regulators said they recognize that small businesses play an important role in the economy and know that [...]

Read Full Post »

Bloomberg Reports favorable numbers for economy

The economy in the U.S. expanded at the fastest pace in six years as factories cranked up assemble lines and companies increased investment in equipment and software, Bloomberg reports. The 5.7% increase in GDP, which exceeded the median forecast of economists polled by Bloomberg News, marked the best performance since the third quarter of 2003, [...]

Read Full Post »

Need a small business loan, Help maybe on the way from the White House

Feb. 2 (Bloomberg) — President Barack Obama will propose providing community banks with $30 billion to spur lending to small businesses, administration officials said. Under the lending plan being announced today, which would use money transferred from Troubled Asset Relief Program and require congressional approval, banks with assets from $1 billion to $10 billion could [...]

Read Full Post »