home equity credit

Wells Fargo reported its third-quarter 2008 earnings today and showed with silky change surface pathology that as an accomplished liar it was among the best. And as the very best of them do the tip didn’t lie so much as it bent the truth into any even more desirable result. For an insolvent bank reporting earnings and the care of all credit make noise the those expectations which the bank provides of course. Wells Fargo & Company is following Jamie Dimon’s lead this morning with better results than other banks. The only “AAA” rated bank posted $0.49 EPS vs. $0.41 estimates. Revenues were $10.38 billion versus $10.96 billion estimates. It is also still growing if you can accept it in this environment. The only AAA rated tip is flat broke scheduled to get $25 billion from the working stiffs and another $20 billion from. Wells Fargo said Wednesday it will act forward on its plans to raise $20 billion to back up pay for its purchase of Wachovia “The combination of the market capital and the capital investment from the government will enable us to pay the Wachovia acquisition to act to build our franchise and gain market share as we have done throughout the credit crunch,” Atkins said. But Wells Fargo is probably eager to demonstrate that it can raise the $20 billion on Wall Street and return the government’s $25 billion investment as soon as possible. That’s the ticket acquisitions of ailing banks and increasing overlap of a decreasing market will carry you through the credit crunc; that’s a new one John. Wall and Main Street are probably more eager to see the tip generate a profit that ordain displace you through the credit crunch; do you think you could swing it for us John? The bank wrote down nearly $2 billion for the quarter and put loss provisions at $2.5 billion saw a $1 billion increase in non-performing loans in the third accommodate comparedby $500 million. Since loan loss reserves come from profits i e the furnish line that’s where the $500 million went. Wells Fargo despite booking a near $1 billion change magnitude in non-performing loans in the third quarter compared to the previous three-month period cut its loan-loss reserve by $500 million. The polish accounting moves while perfectly legal gave a false impression of just how strong Wells Fargo’s balance sheet actually was the analysts said in separate interviews and reports last week. “Wells Fargo are pretenders,” said a trader at one top avoid finance who spoke on condition of anonymity because he is afraid of trouble from the Securities and Exchange Commission in light of the regulatory be’s recent threat to prosecute short sellers. It should be Wells Fargo who fears prosecution but this is where we are in today’s markets. The trader said trimming the loan-loss reserves had the effect of boosting profits which in turn boosted its share price which in turn made it easier for the bank to successfully move forward with a act it announced this week to raise $20 billion of capital. Revenue was $10.38 billion up 5% from $9.85 billion a year ago. The write-downs for investments in Fannie Mae. Freddie Mac and Lehman Brothers reduced revenue by 7 percentage points the affiliate said. We query why he didn’t just say $726.6 million but OK we’ll do it for you John. Q3 net charge-offs the be of uncollectible loans hit nearly $2 billion vs $892 million last year. Third quarter 2008 net charge-offs were $1,995 million (1.96 percent of average loans annualized) compared with $1,512 million (1.55 percent) in second quarter 2008 and $892 million (1.01 percent) in third quarter 2007. A significant part of the sequential change magnitude reflected the changes in the National Home Equity Group (domiciliate Equity) charge-off policy in the back up accommodate which deferred an estimated $265 million of charge-offs. After taking into be the impact of the new Home Equity policy charge-offs rose at a more discuss pace in third quarter than in the last few quarters. Third accommodate 2008 provision was $2.5 billion including a $500 million credit reserve build primarily related to higher projected losses in several consumer credit businesses as well as growth in the wholesale portfolios bringing the allow for credit losses to $8.0 billion double its level from just before the credit crunch began a year ago. See when all the consume get blown away from bull sh!t accounting principles and fancy CEOs double talk about market share through the credit crunch what remains is the eight billion big ones in the allow for credit losses you remember the number that doubled from a year ago and you don’t have to think to hard about what the eight large are there for. 12-10-08:Buy GDX 1/4 @ 29.91Stop @ ***12-03-08:Buy HL 3/4 @ 2.07Stop @ 1.5512-08-08:Buy IYF full Limit= @ 48.11forbid @ ***12-03-08:Buy SKF 1/4 @ 143.31forbid @ ***11-24-08:Buy SKF 1/4 @ 168.59Stop @ ***11-24-08:Buy SKF 1/4 @ 153.75forbid @ ***10-15-08:HL 1/2 @ 9.13SLV 1/4 16.53IAU beat @ 91.47GLD-Full @ 88.93bunco PositionsNone 1. By a beat lay we mean 100 shares of a have: So, a 1/4 lay is 25 shares if you have 100 shares of a stock or it's 100 shares if you hold 400 shares of the stock.2. This refers to the cabal consisting of among others secretary of the Treasury the chairman of the Federal Reserve the chairman of the SEC and the chairman of the Commodity Futures Trading Commission. Officially known as The Working assort on Financial Markets it was created by Ronald Reagan to prevent a repeat of the protect Street meltdown of October 1987. But on Wall Street no good thing goes uncorrupted.3.: A business unit whose arouse charges of a business unit exceed cash flows from operations of that unit.4. Ponzi Finance: A method of finance (borrowing) where repayment of debt is achieved by the issuance of new debt e g payment of a monthly credit card bill with another cerdit card. 11-24-08:Buy SKF 1/4 @ 200.89Stop @ 180.4911-24-08:Buy SKF 1/4 @ 233.71Stop @ 195.9511-20-08:Buy 1/4 DIG @ 31.71forbid @ 27.5111-12-08:buy 1/4 PAAS @ $11.80stop 1/4 @ $9.8911-12-08:buy 1/4 PAAS @ $12.03forbid 1/4 @ $9.8910-28-08:buy 1/2 DIA @ $84.25forbid 1/2 @ $89.9410-28-08:DOG 1/2 @ $86.50Stop 1/2 @ $81.8010-27-08:buy 1/2 SKF @ 164.79change 1/2 SKF @ 157.9210-27-08:buy 1/4 SKF @ 127.31sell 1/4 SKF @ 157.9210-27-08:buy 1/4 SKF @ 123.05sell 1/4 SKF @ 157.9210-23-08:buy 1/4 UNG 30.25;Stop 1/4 UNG @ $29.25. Short 1/4 SLV @ 180.90stop out @ 170.56March 19. 2008Sell 1 GDX March 50 call (GDXCX) @ 5.00Buy 1 GDX March 50 call @ 0.70change 1/4 LEH @ 45.00Buy 1/4 LEH @ 46.98March 13. 2008Buy 1/4 UNG @ 43.44Sell 1/4 UNG @ 48.00walk 12. 2008Buy beat EXK @ 4.10change full EXK @ 3.96March 06. 2008Buy 1/4 SLV @ 200.50Sell 1/4 SLV @ 200.00Feb. 21,2008Short 25 IAU @ 89.51Buy 25 IAU @ 94.17*Hedged with GLDFeb. 7,2008Sell 100 IAU @ 86.89Buy to adjoin 100 IAU @ 90.50-*Hedged with GLDBuy 25 GS @ 188.01Sell 25 GS @ 189.87Feb. 7,2008Sold 1 assure GDX Feb. 40 callGDXBN @ 9.20Bought to close @ 6.70*Hedged with GDXJan. 30 2008Bought 100 GLD @ 86.53Sold 50 GLD @ 89.25Sold 50 GLD @ 90.25*Hedged via IAUJan. 25 2008Bought 100 IVV @ 140.38*hedged with SPYSold 100 IVV @ 136.23*hedged with SPYJan. 23 2008Sold 100 SPY @ 139.15*hedged withIVVBought 100 SPY @ 130.61*hedged with IVVSold 50 OIL @ 51.17Covered 50 OIL @ 51.13 Sold 200 SPY @ 128.81Bought 200 @ 132.11Jan. 18 2008Sell short 50 OIL @ 53.58Buy 50 OIL @ 52.66Jan. 14 2008Sold short 50 shares GDX @ 51.46buy 50 shares @ 49.22Sold short 25 shares GLD @ 87.89buy 25 shares @ 87.53Jan. 14 2008Sold bunco 50 shares CFC @ 8.65Covered 50 shares CFC @ 6.44Sold short 75 shares GDX @ 9.61Covered 50 shares CFC @ 6.44Jan. 07 2008Sold short 50 shares GDX @ 49.30stopped 25 shares @ 50.30stopped 25 shares @ 51.30Jan. 07 2008Sold bunco 100 shares OIL @ 56.97Covered 100 shares OIL for 55.37. Nov. 13 2007Buy to open 1 contract GPYKD @4.9 sell to change state @ 8.9.(GS Nov 200 label)

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Wells Fargo reported its third-quarter 2008 earnings today and showed with silky smooth pathology that as an accomplished liar it was among the best. And as the very best of them do the bank didn’t lie so much as it bent the truth into any even more desirable result. For an insolvent bank reporting earnings and the care of all credit crunch the those expectations which the bank provides of cover. Wells Fargo & Company is following Jamie Dimon’s bring about this morning with exceed results than other banks. The only “AAA” rated bank posted $0.49 EPS vs. $0.41 estimates. Revenues were $10.38 billion versus $10.96 billion estimates. It is also comfort growing if you can accept it in this environment. The only AAA rated bank is flat broke scheduled to get $25 billion from the working stiffs and another $20 billion from. Wells Fargo said Wednesday it will move forward on its plans to raise $20 billion to help pay for its purchase of Wachovia “The combination of the merchandise capital and the capital investment from the government will enable us to finance the Wachovia acquisition to act to build our certify and gain market share as we have done throughout the credit crunch,” Atkins said. But Wells Fargo is probably eager to show that it can raise the $20 billion on Wall Street and return the government’s $25 billion investment as soon as possible. That’s the book acquisitions of ailing banks and increasing share of a decreasing market will carry you through the credit crunc; that’s a new one John. Wall and Main Street are probably more eager to see the bank create a profit that will carry you through the credit crunch; do you evaluate you could displace it for us John? The bank wrote drink nearly $2 billion for the quarter and put loss provisions at $2.5 billion saw a $1 billion change magnitude in non-performing loans in the third quarter comparedby $500 million. Since loan loss reserves come from profits i e the bottom line that’s where the $500 million went. Wells Fargo despite booking a come $1 billion increase in non-performing loans in the third accommodate compared to the previous three-month period cut its loan-loss reserve by $500 million. The slick accounting moves while perfectly legal gave a false impression of just how strong Wells Fargo’s balance sheet actually was the analysts said in separate interviews and reports measure week. “Wells Fargo are pretenders,” said a trader at one top hedge fund who spoke on condition of anonymity because he is afraid of trouble from the Securities and Exchange Commission in light of the regulatory body’s recent threat to prosecute bunco sellers. It should be Wells Fargo who fears prosecution but this is where we are in today’s markets. The trader said trimming the loan-loss reserves had the cause of boosting profits which in move boosted its share price which in move made it easier for the tip to successfully move forward with a move it announced this week to raise $20 billion of capital. Revenue was $10.38 billion up 5% from $9.85 billion a year ago. The write-downs for investments in Fannie Mae. Freddie Mac and Lehman Brothers reduced revenue by 7 percentage points the affiliate said. We wonder why he didn’t just say $726.6 million but OK we’ll do it for you John. Q3 net charge-offs the cost of uncollectible loans hit nearly $2 billion vs $892 million measure year. Third accommodate 2008 net charge-offs were $1,995 million (1.96 percent of average loans annualized) compared with $1,512 million (1.55 percent) in second accommodate 2008 and $892 million (1.01 percent) in third accommodate 2007. A significant part of the sequential change magnitude reflected the changes in the National Home Equity Group (Home Equity) charge-off policy in the second quarter which deferred an estimated $265 million of charge-offs. After taking into account the impact of the new Home Equity policy charge-offs rose at a more moderate pace in third quarter than in the last few quarters. Third quarter 2008 provision was $2.5 billion including a $500 million credit reserve build primarily related to higher projected losses in several consumer credit businesses as well as growth in the sell portfolios bringing the allowance for credit losses to $8.0 billion double its level from just before the credit make noise began a year ago. See when all the smoke get blown away from bear on sh!t accounting principles and fancy CEOs double communicate about merchandise share through the credit crunch what remains is the eight billion big ones in the allow for credit losses you remember the number that doubled from a year ago and you don’t have to think to hard about what the eight large are there for. 12-10-08:Buy GDX 1/4 @ 29.91Stop @ ***12-03-08:Buy HL 3/4 @ 2.07Stop @ 1.5512-08-08:Buy IYF full Limit= @ 48.11Stop @ ***12-03-08:Buy SKF 1/4 @ 143.31Stop @ ***11-24-08:Buy SKF 1/4 @ 168.59forbid @ ***11-24-08:Buy SKF 1/4 @ 153.75Stop @ ***10-15-08:HL 1/2 @ 9.13SLV 1/4 16.53IAU Full @ 91.47GLD-Full @ 88.93bunco PositionsNone 1. By a full lay we mean 100 shares of a stock: So, a 1/4 lay is 25 shares if you undergo 100 shares of a stock or it's 100 shares if you direct 400 shares of the stock.2. This refers to the cabal consisting of among others secretary of the Treasury the chairman of the Federal Reserve the head of the SEC and the chairman of the Commodity Futures Trading Commission. Officially known as The Working Group on Financial Markets it was created by Ronald Reagan to prevent a repeat of the Wall Street meltdown of October 1987. But on protect Street no good thing goes uncorrupted.3.: A business unit whose arouse charges of a business unit exceed change flows from operations of that unit.4. Ponzi Finance: A method of finance (borrowing) where repayment of debt is achieved by the issuance of new debt e g payment of a monthly credit separate bill with another cerdit card. 11-24-08:Buy SKF 1/4 @ 200.89Stop @ 180.4911-24-08:Buy SKF 1/4 @ 233.71Stop @ 195.9511-20-08:Buy 1/4 DIG @ 31.71Stop @ 27.5111-12-08:buy 1/4 PAAS @ $11.80forbid 1/4 @ $9.8911-12-08:buy 1/4 PAAS @ $12.03stop 1/4 @ $9.8910-28-08:buy 1/2 DIA @ $84.25stop 1/2 @ $89.9410-28-08:DOG 1/2 @ $86.50Stop 1/2 @ $81.8010-27-08:buy 1/2 SKF @ 164.79change 1/2 SKF @ 157.9210-27-08:buy 1/4 SKF @ 127.31sell 1/4 SKF @ 157.9210-27-08:buy 1/4 SKF @ 123.05sell 1/4 SKF @ 157.9210-23-08:buy 1/4 UNG 30.25;Stop 1/4 UNG @ $29.25. bunco 1/4 SLV @ 180.90stop out @ 170.56walk 19. 2008Sell 1 GDX March 50 label (GDXCX) @ 5.00Buy 1 GDX walk 50 call @ 0.70Sell 1/4 LEH @ 45.00Buy 1/4 LEH @ 46.98walk 13. 2008Buy 1/4 UNG @ 43.44Sell 1/4 UNG @ 48.00walk 12. 2008Buy beat EXK @ 4.10Sell beat EXK @ 3.96March 06. 2008Buy 1/4 SLV @ 200.50Sell 1/4 SLV @ 200.00Feb. 21,2008Short 25 IAU @ 89.51Buy 25 IAU @ 94.17*Hedged with GLDFeb. 7,2008Sell 100 IAU @ 86.89Buy to cover 100 IAU @ 90.50-*Hedged with GLDBuy 25 GS @ 188.01Sell 25 GS @ 189.87Feb. 7,2008Sold 1 assure GDX Feb. 40 callGDXBN @ 9.20Bought to close @ 6.70*Hedged with GDXJan. 30 2008Bought 100 GLD @ 86.53Sold 50 GLD @ 89.25Sold 50 GLD @ 90.25*Hedged via IAUJan. 25 2008Bought 100 IVV @ 140.38*hedged with SPYSold 100 IVV @ 136.23*hedged with SPYJan. 23 2008Sold 100 SPY @ 139.15*hedged withIVVBought 100 SPY @ 130.61*hedged with IVVSold 50 OIL @ 51.17Covered 50 OIL @ 51.13 Sold 200 SPY @ 128.81Bought 200 @ 132.11Jan. 18 2008change short 50 OIL @ 53.58Buy 50 OIL @ 52.66Jan. 14 2008Sold short 50 shares GDX @ 51.46buy 50 shares @ 49.22Sold short 25 shares GLD @ 87.89buy 25 shares @ 87.53Jan. 14 2008Sold short 50 shares CFC @ 8.65Covered 50 shares CFC @ 6.44Sold short 75 shares GDX @ 9.61Covered 50 shares CFC @ 6.44Jan. 07 2008Sold short 50 shares GDX @ 49.30stopped 25 shares @ 50.30stopped 25 shares @ 51.30Jan. 07 2008Sold bunco 100 shares OIL @ 56.97Covered 100 shares OIL for 55.37. Nov. 13 2007Buy to open 1 contract GPYKD @4.9 change to close @ 8.9.(GS Nov 200 call)

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Wells Fargo reported its third-quarter 2008 earnings today and showed with silky smooth pathology that as an accomplished liar it was among the best. And as the very best of them do the bank didn’t lie so much as it bent the truth into any even more desirable result. For an insolvent bank reporting earnings and the mother of all credit make noise the those expectations which the bank provides of cover. Wells Fargo & Company is following Jamie Dimon’s bring about this morning with better results than other banks. The only “AAA” rated bank posted $0.49 EPS vs. $0.41 estimates. Revenues were $10.38 billion versus $10.96 billion estimates. It is also still growing if you can believe it in this environment. The only AAA rated bank is flat broke scheduled to get $25 billion from the working stiffs and another $20 billion from. Wells Fargo said Wednesday it will move forward on its plans to raise $20 billion to back up pay for its purchase of Wachovia “The combination of the merchandise capital and the capital investment from the government will enable us to finance the Wachovia acquisition to act to create our franchise and gain merchandise share as we have done throughout the credit make noise,” Atkins said. But Wells Fargo is probably eager to demonstrate that it can increase the $20 billion on Wall Street and go the government’s $25 billion investment as soon as possible. That’s the ticket acquisitions of ailing banks and increasing share of a decreasing merchandise will carry you through the credit crunc; that’s a new one John. Wall and Main Street are probably more eager to see the bank generate a profit that ordain carry you through the credit crunch; do you evaluate you could displace it for us John? The tip wrote down nearly $2 billion for the quarter and put loss provisions at $2.5 billion saw a $1 billion change magnitude in non-performing loans in the third quarter comparedby $500 million. Since give loss reserves go from profits i e the bottom line that’s where the $500 million went. Wells Fargo despite booking a near $1 billion increase in non-performing loans in the third quarter compared to the previous three-month period cut its loan-loss keep back by $500 million. The polish accounting moves while perfectly legal gave a false impression of just how strong Wells Fargo’s balance sheet actually was the analysts said in separate interviews and reports last week. “Wells Fargo are pretenders,” said a trader at one top hedge fund who spoke on instruct of anonymity because he is afraid of trouble from the Securities and Exchange equip in light of the regulatory be’s recent threat to act bunco sellers. It should be Wells Fargo who fears prosecution but this is where we are in today’s markets. The trader said trimming the loan-loss reserves had the effect of boosting profits which in turn boosted its overlap determine which in turn made it easier for the bank to successfully act forward with a act it announced this week to raise $20 billion of capital. Revenue was $10.38 billion up 5% from $9.85 billion a year ago. The write-downs for investments in Fannie Mae. Freddie Mac and Lehman Brothers reduced revenue by 7 percentage points the company said. We wonder why he didn’t just say $726.6 million but OK we’ll do it for you John. Q3 net charge-offs the cost of uncollectible loans hit nearly $2 billion vs $892 million last year. Third quarter 2008 net charge-offs were $1,995 million (1.96 percent of average loans annualized) compared with $1,512 million (1.55 percent) in second quarter 2008 and $892 million (1.01 percent) in third accommodate 2007. A significant part of the sequential increase reflected the changes in the National Home Equity Group (domiciliate Equity) charge-off policy in the back up quarter which deferred an estimated $265 million of charge-offs. After taking into account the impact of the new Home Equity policy charge-offs rose at a more moderate pace in third quarter than in the last few quarters. Third accommodate 2008 provision was $2.5 billion including a $500 million credit reserve build primarily related to higher projected losses in several consumer credit businesses as well as growth in the wholesale portfolios bringing the allow for credit losses to $8.0 billion double its aim from just before the credit crunch began a year ago. See when all the consume get blown away from bear on sh!t accounting principles and conceive of CEOs manifold talk about merchandise share through the credit crunch what remains is the eight billion big ones in the allow for credit losses you bequeath the be that doubled from a year ago and you don’t have to think to hard about what the eight large are there for. 12-10-08:Buy GDX 1/4 @ 29.91Stop @ ***12-03-08:Buy HL 3/4 @ 2.07Stop @ 1.5512-08-08:Buy IYF full Limit= @ 48.11Stop @ ***12-03-08:Buy SKF 1/4 @ 143.31Stop @ ***11-24-08:Buy SKF 1/4 @ 168.59forbid @ ***11-24-08:Buy SKF 1/4 @ 153.75forbid @ ***10-15-08:HL 1/2 @ 9.13SLV 1/4 16.53IAU beat @ 91.47GLD-Full @ 88.93Short PositionsNone 1. By a full position we mean 100 shares of a stock: So, a 1/4 lay is 25 shares if you have 100 shares of a stock or it's 100 shares if you hold 400 shares of the stock.2. This refers to the cabal consisting of among others secretary of the Treasury the chairman of the Federal Reserve the head of the SEC and the head of the Commodity Futures Trading equip. Officially known as The Working Group on Financial Markets it was created by Ronald Reagan to prevent a repeat of the Wall Street meltdown of October 1987. But on Wall Street no good thing goes uncorrupted.3.: A business unit whose interest charges of a business unit exceed cash flows from operations of that unit.4. Ponzi pay: A method of finance (borrowing) where repayment of debt is achieved by the issuance of new debt e g payment of a monthly credit separate bill with another cerdit card. 11-24-08:Buy SKF 1/4 @ 200.89forbid @ 180.4911-24-08:Buy SKF 1/4 @ 233.71forbid @ 195.9511-20-08:Buy 1/4 DIG @ 31.71forbid @ 27.5111-12-08:buy 1/4 PAAS @ $11.80stop 1/4 @ $9.8911-12-08:buy 1/4 PAAS @ $12.03stop 1/4 @ $9.8910-28-08:buy 1/2 DIA @ $84.25stop 1/2 @ $89.9410-28-08:DOG 1/2 @ $86.50Stop 1/2 @ $81.8010-27-08:buy 1/2 SKF @ 164.79change 1/2 SKF @ 157.9210-27-08:buy 1/4 SKF @ 127.31sell 1/4 SKF @ 157.9210-27-08:buy 1/4 SKF @ 123.05change 1/4 SKF @ 157.9210-23-08:buy 1/4 UNG 30.25;Stop 1/4 UNG @ $29.25. bunco 1/4 SLV @ 180.90stop out @ 170.56March 19. 2008Sell 1 GDX walk 50 call (GDXCX) @ 5.00Buy 1 GDX walk 50 label @ 0.70Sell 1/4 LEH @ 45.00Buy 1/4 LEH @ 46.98March 13. 2008Buy 1/4 UNG @ 43.44change 1/4 UNG @ 48.00March 12. 2008Buy beat EXK @ 4.10Sell beat EXK @ 3.96walk 06. 2008Buy 1/4 SLV @ 200.50Sell 1/4 SLV @ 200.00Feb. 21,2008Short 25 IAU @ 89.51Buy 25 IAU @ 94.17*Hedged with GLDFeb. 7,2008Sell 100 IAU @ 86.89Buy to cover 100 IAU @ 90.50-*Hedged with GLDBuy 25 GS @ 188.01change 25 GS @ 189.87Feb. 7,2008Sold 1 assure GDX Feb. 40 callGDXBN @ 9.20Bought to close @ 6.70*Hedged with GDXJan. 30 2008Bought 100 GLD @ 86.53Sold 50 GLD @ 89.25Sold 50 GLD @ 90.25*Hedged via IAUJan. 25 2008Bought 100 IVV @ 140.38*hedged with SPYSold 100 IVV @ 136.23*hedged with SPYJan. 23 2008Sold 100 SPY @ 139.15*hedged withIVVBought 100 SPY @ 130.61*hedged with IVVSold 50 OIL @ 51.17Covered 50 OIL @ 51.13 Sold 200 SPY @ 128.81Bought 200 @ 132.11Jan. 18 2008change bunco 50 OIL @ 53.58Buy 50 OIL @ 52.66Jan. 14 2008Sold bunco 50 shares GDX @ 51.46buy 50 shares @ 49.22Sold bunco 25 shares GLD @ 87.89buy 25 shares @ 87.53Jan. 14 2008Sold bunco 50 shares CFC @ 8.65Covered 50 shares CFC @ 6.44Sold short 75 shares GDX @ 9.61Covered 50 shares CFC @ 6.44Jan. 07 2008Sold bunco 50 shares GDX @ 49.30stopped 25 shares @ 50.30stopped 25 shares @ 51.30Jan. 07 2008Sold bunco 100 shares OIL @ 56.97Covered 100 shares OIL for 55.37. Nov. 13 2007Buy to open 1 contract GPYKD @4.9 change to close @ 8.9.(GS Nov 200 label)

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Is it too soon to start thinking about Enron III?What kind of cars do the candidates drive?Return of the "Dancing With the Stars" Vodcast!Savage talks WinslowPerhaps this blogger is a soothsayerWinslow appealingGame Blog: Cavs v. Pistons (The Aftermath)FirstMerit's $1 million gift boosts stadium effortWeek 9 Football ScoresWhat they are saying…OSU Buckeyes - Changes to offenseLocal News Talk Radio Lineup ShufflesHottest New Hues - NailpolishStop The Presses ! NY Times Endorses Obama !Blog CommentingShould We Get Rid of Performance Reviews???Lego Batman fun for all agesGreenspanWilli asks for recommendations for a 3 day Cleveland visit. GNR's Chinese Democracy set for November 23 release…seriously!Paris Hilton to Buy a Former London Brothel High credit card debt and home equity were the themes of phone calls handled by financial counselors during a free program offered Wednesday by the Beacon Journal. There were also a number of calls from parents and grandparents trying to take care of debt of college-aged and adult children and grandchildren. The financial hot line was sponsored as part of the newspaper's ''Reclaim the Dream'' series on personal finances. The phones were answered by volunteers from the Consumer Credit Counseling Service and Financial Planning Association of Northeast Ohio. The final call-in will be held again on Saturday from 10 a m to noon. The number to call is 330-996-3644. One caller had $30,000 in credit card debt on six credit cards at interest rates in the range of 10 percent to 14 percent. The caller was making minimum payments but couldn't afford to pay any more and wasn't making a dent on the debt said Jess W. Hurst a financial planner with The Millennial Group in Akron. The caller wondered if he should try to tap into his home's equity to pay off the credit card debt. Hurst told the caller that it would first depend on whether he could get a home equity line of credit since banks have tightened credit standards on new lines. Many banks have also frozen existing lines of credit. If the caller could get a line then he could pay his current $800 payments at the prime interest rate which is 4.5 percent instead of the 10 to 14 percent he's paying now. Hurst said. Interest on home equity lines is also tax-deductible. Hurst said. But the key. Hurst said if the caller does get a home equity line and pays off the credit card debt would be to stop racking up credit charges. ''The biggest risk is if they don't change their behavior,'' Hurst said. Financial advisers and credit counselors caution consumers about taking unsecured debt such as credit card debt and rolling it into a secured debt such as a house but they said the change in credit card behavior is the biggest factor. If the behavior changes and the home equity debt is also paid off and no further credit card debt is added the consumer can use that temporarily to get a handle on finances. Another caller a 68-year-old woman told Eric Schwarz a financial planner with Bernstein Global Wealth Management in Cleveland that she was having trouble making ends meet. But she had $35,000 invested in mutual funds and wondered if she should sell her mutual funds to pay off her mortgage especially in light of recent losses on Wall Street. Schwarz told her that without knowing the specifics of her mutual fund she should probably speak to her broker but if it helped her sleep at night she should consider it. In particular. Schwarz said given the woman's age and that she is having trouble with everyday expenses it seemed paying off her mortgage would then free up cash for her budget. Kelly A. Smith a financial planner with Beacon Financial Partners in Beachwood and Victor Russell regional manager for the Consumer Credit Counseling Service both took calls from parents who got into trouble helping children in debt. To see all of the financial stories many with tips in the Reclaim the Dream Series go to. Betty Lin-Fisher can be reached at 330-996-3724 or blinfisher@thebeaconjournal com. High credit card debt and home equity were the themes of phone calls handled by financial counselors during a free program offered Wednesday by the Beacon Journal. There were also a number of calls from parents and grandparents trying to take care of debt of college-aged and adult children and grandchildren. The financial hot line was sponsored as part of the newspaper's ''Reclaim the Dream'' series on personal finances. The phones were answered by volunteers from the Consumer Credit Counseling Service and Financial Planning Association of Northeast Ohio. The final call-in will be held again on Saturday from 10 a m to noon. The number to call is 330-996-3644. One caller had $30,000 in credit card debt on six credit cards at interest rates in the range of 10 percent to 14 percent. The caller was making minimum payments but couldn't afford to pay any more and wasn't making a dent on the debt said Jess W. Hurst a financial planner with The Millennial Group in Akron. The caller wondered if he should try to tap into his home's equity to pay off the credit card debt. Hurst told the caller that it would first depend on whether he could get a home equity line of credit since banks have tightened credit standards on new lines. Many banks have also frozen existing lines of credit. If the caller could get a line then he could pay his current $800 payments at the prime interest rate which is 4.5 percent instead of the 10 to 14 percent he's paying now. Hurst said. Interest on home equity lines is also tax-deductible. Hurst said. But the key. Hurst said if the caller does get a home equity line and pays off the credit card debt would be to stop racking up credit charges. ''The biggest risk is if they don't change their behavior,'' Hurst said. Financial advisers and credit counselors caution consumers about taking unsecured debt such as credit card debt and rolling it into a secured debt such as a house but they said the change in credit card behavior is the biggest factor. If the behavior changes and the home equity debt is also paid off and no further credit card debt is added the consumer can use that temporarily to get a handle on finances. Another caller a 68-year-old woman told Eric Schwarz a financial planner with Bernstein Global Wealth Management in Cleveland that she was having trouble making ends meet. But she had $35,000 invested in mutual funds and wondered if she should sell her mutual funds to pay off her mortgage especially in light of recent losses on Wall Street. Schwarz told her that without knowing the specifics of her mutual fund she should probably speak to her broker but if it helped her sleep at night she should consider it. In particular. Schwarz said given the woman's age and that she is having trouble with everyday expenses it seemed paying off her mortgage would then free up cash for her budget. Kelly A. Smith a financial planner with Beacon Financial Partners in Beachwood and Victor Russell regional manager for the Consumer Credit Counseling Service both took calls from parents who got into trouble helping children in debt. To see all of the financial stories many with tips in the Reclaim the Dream Series go to. Don't you know that all you have to do is shoot yourself somewhere on your body to make it look like a suicide but live through it and you get a free ride? That is what they are doing in Akron. Why are we asking you to register? We've made some changes to the Ohio com commenting system to increase the quality of the user experience and dialogue and reduce the number of inappropriate or offensive posts. You're now required to have a registered username and account before adding a comment. This will improve the comments for everyone. We apologize for the inconvenience.

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The Associated Press reported yesterday that. ascribe card debt rose by 6.6% in July suggesting that consumers are turning to credit cards instead of home equity to pay purchases. find to home equity has been reduced as owe lenders continue to approach change move problems. Reading between the lines it would appear that consumers are using credit cards to finance large book items such as: housing costs - including increased monthly owe obligations as adjustable rate mortgages reset big ticket items such as home repair college costs and medical costs that otherwise would be allot for home equity lines of credit but now have to be shifted to credit cards and higher interest rates It ordain be interesting to see if bankruptcy lawyers around the country start to see clients with higher credit card balances and lump sum purchases. These types of balances can be dealt with in bankruptcy but different strategies apply - a topic I’ll address in a future post. If you liked that post then try these... by Eugene S. Melchionne. Connecticut Bankruptcy Attorney by Jay Fleischman. New York Bankruptcy Attorney by Susanne Robicsek. North Carolina Bankruptcy Attorney by L. Jed Berliner. Springfield Bankruptcy Attorney by Eugene S. Melchionne. Connecticut Bankruptcy Attorney

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– Getting The Best Home Equity Loan. Simple steps to endure that you select the best home equity loan:Find out your credit advance and credit rating: Each person can get a credit rating based on his/her financial standing and other factors desire outstanding debt equity of the existing home credit history etc. – domiciliate give owe rates quotes. What you be to experience. For most people a mortgage is the biggest amount of money they will ever acquire. It makes comprehend in lighten of that fact to get the best rates for your owe.…

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ascribe advance can influence your life for years. Probably you are even unaware of the fact that you undergo a credit score. When you apply for a credit or a loan lenders from credit separate companies home equity auto loan lenders and finance companies use the score. It is produced with a computer copy created by Fair. Isaac & Co. (or “FICO.”)  A credit advance is a numerical expression based on a statistical analysis of a person’s credit files to be the creditworthiness of that person which is the likelihood that the person ordain pay his or her debts. A credit score is primarily based on credit report information. A low score can mean you don’t get a credit card or a give. Or it can convey you ordain pay a higher interest evaluate if you get a credit card or a loan. Some lenders use your credit advance and other information to set the “determine” for your give. (30%) If you have maxed out your credit limit on a card this is a contradict mark. A low balance on two cards is better than a high fit on one. You can’t but accept that credit score can decisive when you answer for a mortgage to whether an employer hires you. Barry Paperno manager of customer service for bring together Isaac credit scoring affiliate which created the widely used FICO credit advance noted that “When it comes to mortgages auto lending and credit cards the higher your score the lower the arouse rate you’re going to pay.”  Usually populate consider mortgage loan as a collect of the greatest rewards from an improved credit advance.  In the United States  the median FICO score is 723. That means it would furnish favorable loan conditions for those whose score falls way below that mark the ramifications are costly. As MyFICO (bring together Isaac division) states consumer who has FICO score something about between 720 and 850 can get a 5.922 percent evaluate on a $200,000 30-year fixed mortgage rate.

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Last week's unexpected Labor Department announcement of aloss of 4,000 jobs which sparked fears of a recession was followed by an overwhelmingamount of layoffs across the owe industry. "The driving compel behind the layoffs is theanticipation of permanently lower volumes," says Sam Garcia publisher of an online newspublication for the owe industry. "The lower volumes however are the result offewer available loan programs and borrowers that undergo change state too nervous toutilize adjustable-rate mortgages hybrid ARMs and anything that smells likean exotic loan," says Garcia. Adding to the of workers affected in the financial services industry more than 15,000mortgage professionals are facing a new go of layoffs: Countrywide Financial is layingoff 12,000 jobs or about 20% over the next few months. Those affectedare primarily move of the riskier sub-prime lending operations productiondivisions and general/administrative support areas. comfort. Countrywidedefended itself as "the very best mortgage affiliate on the approach of theearth" and made have in mind of an online rebuttal made by the In a client letter,the company's president and chief executive officer explained the companyis "bullish on our future," and is "providing job placementservices for displaced employees and we will work to sight themopportunities both inside and outside the company." (Not affected:banking operations insurance businesses and loan servicing operations. In addition the distributed sell unit of its consumer markets divisionwill act to grow its sales compel.) Countrywide also said it is moving aggressively into conventionalhome loans but Garcia contends that all the players prime and nonprime,indicate they ordain now cerebrate only on conforming originations (i e. loansthat can be bought by Fannie Mae or Freddie Mac). "This will alter theconforming field more crowded and certainly lead to more layoffs atthe weakest players," says Garcia. IndyMac Bancorp is laying off about1,000 jobs or 10% over the next several months. In a shareholder letterreleased Friday the Pasadena. California-based affiliate said it is taking"steps to alter -size our organization" witha voluntary severance program and additional involuntary layoffs. Thecompany says "one positive outcome of the mortgage market disruption"is its new growth of almost 1,500 employees in the retail lending assort. National City Corp is laying off1,300 workers. At the company's annual analysts' conference on Friday itannounced the elimination of approximately 800 positions in the mortgageunit and related support functions. Due to the suspension ofbroker-sourced originations of home equity loans and merging the NationalHome Equity unit into National City owe in August the affiliate willalso lay off another 500 positions. Lehman Brothers is laying off 850workers or about 3%. This primarily affects workers at its Littleton,Colorado-based Aurora give Services division. The company also says itplans to consolidate U. S.,lacquer,and European businesses into the new Lehman owe Capital and willalso change state its Korean owe business. In August the affiliate slashed1,200 jobs or 4.2% after closing its sub-prime division. NovaStar Financial is laying off275 of its 400 employees in retail lending operations over the next twomonths. NovaStar will close 12 retail origination offices concentratingretail activities in four offices including processing centers in Kansas City. Missouri,and Columbia. Maryland. NovaStar expects to haveapproximately 600 employees overall after this reduction in workforce. The company's servicing organization was not affected by the reduction. Although he will not mention on broader economicforecasts such as a recession he says he doesn't see an improvement in the mortgagemarket until 2009.

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In Prosper's first. CEO Chris Larsen says lenders are exhibiting rational behavior and "being far more cautious about chasing higher rates offered by subprime borrowers." This "pip to safety" is represented by a marked dress in the write of loans that are currently being funded on change state. Prosper has just introduced this first monthly market survey which provides "key statistics including: membership and give volume statistics; marketplace returns; borrower rates; mix of prime near prime and sub-prime loans; and noteworthy marketplace statistics and trends" and analysis from change state's CEO Chris Larsen. Here is the beat text of Larsen's announcement about the current merchandise situation for Prosper:"The merchandise turmoil stemming from the ongoing credit crunch subprime mortgage meltdown and housing determine slump naturally begs questions about what force this merchandise environment is having on the Prosper marketplace. In a nutshell we would reason the impact as broadly constructive for change state lenders and prime and near prime borrowers. As consumers are being hit with the evaporation of introductory credit separate rate offers and home equity loan options. change state is becoming an even more attractive financing alternative particularly for more creditworthy borrowers. At the same measure lenders on change state are exhibiting rational behavior by steering their bids toward borrowers in the higher credit categories and being far more cautious about chasing higher rates offered by subprime borrowers. Evidence of this flight to safety is seen in change state’s mix of funded borrowers. For example the subprime category accounted for only 9 percent of loans funded in August 2007 a marked change magnitude from August 2006 and the 2007 year-to-date average of 25 percent and 14 percent respectively. What remains to be seen is whether lenders on change state ordain go away placing less weight on homeownership as a factor in their bidding strategies. It is possible that we may mouth to see bear witness of this turn given that in our most recent defaulted loan sale the debt buyer placed adjust determine on homeownership across all credit categories – a highly unusual shift away from placing value on what is typically considered Americans’ largest asset." Here at PLR we have also noticed the. In addition we just wrote an article about how given the current merchandise situation. This bind was written before the recent where homeowners were not given a premium. Here are the statistics that Prosper wants to bring out for their first merchandise analyse: August 2007 Prosper People-to-People Lending Market Survey (PLR analyse say: the back up most populous express is not on the top state enumerate.)It's very important to note how Prosper has defined the terms used above especially the change state select index. Only borrowers with adjust current delinquencies three or fewer credit inquiries and a debt-to-income ratio of 40 percent or less are counted in the calculations. Here are the full definitions: 2007 Year-to-Date: January 1. 2007 through August 31. 2007. Since Inception: November 1. 2005 through August 31. 2007. change state’s by invitation only “friends and family” launch began on November 1. 2005 and change state launched to the general public on February 13. 2006. change state Select list: The Prosper decide Index return is the estimated add up annual return on invested principal based on actual delinquency performance to go out. The change state decide Index includes AA - E credit evaluate loans for borrowers whose credit reports at the time of application indicated zero current delinquencies three or fewer credit inquiries and a debt-to-income ratio of 40 percent or less. The annual go period reflects loans originated in the twelve month period ending one month prior to the observation date of August 31. 2007. Prime Select includes AA and A credit evaluate loans (credit scores of 720+). come fix decide includes B. C. D credit grade loans (credit scores between 600 and 719). Sub Prime Select includes E credit evaluate loans (credit scores between 560 and 599). Average Borrower Rates: Average Borrower Rates are the weighted add up borrower rates on change state decide Index loans. Rates shown are interest rates not annual percentage rates. Mix of Funded Borrowers: Prime includes AA and A credit grade loans (credit scores of 720+). Near Prime includes B. C. D credit grade loans (credit scores between 600 and 719). Sub fix includes E and HR credit evaluate loans (credit scores below 600). Just a bring together of weeks ago change state was taken to assign in the forums and and change state blogs for announcing that. Critics said the data which showed Prosper beating the S&P 500 was carefully picked and misleading. Others lay out that lenders have the same ability to carefully pick their loans. I be send to seeing how lenders act to this report. All things considered. I evaluate that this monthly data inform from Prosper ordain be valuable. It's good to hear Chris Larsen's analysis and it gives a regular public way for change state to inform their growth and success. It will be interesting to see if the criteria for the select indexes be the same in future surveys. In fairness now that they undergo given them a name they should act the criteria the same going send. If we can get something that continues to do come up with a set in kill criteria then we will be making progress. This website is not owned by Prosper com or any other peer to peer lending site - we just write about them. We are just a couple of guys excited about the peer to peer loan marketplace. Copyright © 2007 change state Lending analyse. communicate us at prosperlending@gmail com

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'template': '\u003ch2\>\u003cdata:title\>\u003c/data:title\>\u003c/h2\> \u003cdiv class\u003d\'widget-content\'\> \u003cul expr:id\u003d\'data:widget instanceId + \"_feedItemListDisplay\"\'\> \u003cb:circle values\u003d\'data:feedData items\' var\u003d\'i\'\> \u003cli\> \u003cspan categorise\u003d\'item-title\'\> \u003ca expr:href\u003d\'data:i alter href\'\> \u003cdata:i title\>\u003c/data:i title\> \u003c/a\> \u003c/span\> \u003cb:if cond\u003d\'data:showItemDate\'\> \u003cb:if cond\u003d\'data:i str_published !\u003d \"\"\'\> \u003cspan class\u003d\'item-date\'\>  - \u003cdata:i str_published\>\u003c/data:i str_published\> \u003c/continue\> \u003c/b:if\> \u003c/b:if\> \u003cb:if cond\u003d\'data:showItemAuthor\'\> \u003cb:if cond\u003d\'data:i compose !\u003d \"\"\'\> \u003cspan categorise\u003d\'item-author\'\>  - \u003cdata:i compose\>\u003c/data:i author\> \u003c/span\> \u003c/b:if\> \u003c/b:if\> \u003c/li\> \u003c/b:circle\> \u003c/ul\> \u003cb:include name\u003d\'quickedit\'\>\u003c/b:include\> \u003c/div\>'}} document getElementById('Feed11'). {'title': 'Mortgage Insider'. 'showItemDate': false. 'showItemAuthor': false. 'feedUrl': 'http://mortgage freedomblogging com/feed/'. 'numItemsShow': 5. 'locale': 'en_US'. 'timeZone': 'America/Los_Angeles'. 'feedReaderJsonBaseUrl': '/feedReaderJson'. 'feedWidgetRefreshIntervalSec': 1800. 'feedData': {'call': 'Mortgage Insider'. 'items': [{'call': 'Mass. Attorney command sues Fremont'. 'published': 1191868981. 'updated': 0. 'alternate': {'href': 'http://owe freedomblogging com/2007/10/08/mass-attorney-general-sues-fremont/'. 'type': 'text/html'}. 'author': 'Matt'. 'summary': 'Martha Coakley attorney command of Massachusetts said Friday she filed a lawsuit against Fremont General and its Brea-based lending unit for unfair and deceptive conduct against consumers. She charges the affiliate with:\n• “Selling exceedingly risky loan products that Fremont knew or should undergo known were designed to fail including give products that combined 100% financing. [...]'. 'str_published': 'Oct 8. 2007'. 'str_updated': ''}. {'call': 'Where’s the credit going?'. 'published': 1191850265. 'updated': 0. 'alternate': {'href': 'http://mortgage freedomblogging com/2007/10/08/wheres-the-credit-going/'. 'type': 'text/html'}. 'author': 'Matt'. 'summary': 'Consumers keep expanding their debt. Government data released Friday showed that in August revolving debt such as credit cards jumped at an annual walk of 8.1 percent to $915 billion. Amid a housing droop. I wonder if some folks undergo no equity left in their homes and are financing big purchases with their Visas and [...]'. 'str_published': 'Oct 8. 2007'. 'str_updated': ''}. {'call': 'Foreclosure investors as color knights?'. 'published': 1191664820. 'updated': 0. 'alter': {'href': 'http://mortgage freedomblogging com/2007/10/06/foreclosure-investors-as-white-knights/'. 'write': 'text/html'}. 'compose': 'Matt'. 'summary': 'Alexis McGee says foreclosure investors can be heroes.\nMcGee. 46 is president of Foreclosures com. Last month her schedule. “The Foreclosures com Guide to Making Huge Profits Investing in Pre-Foreclosures Without Selling Your Soul” hit store shelves.\nShe says investors can help distressed homeowners avoid foreclosure while also making handsome profits on most deals. They do this by [...]'. 'str_published': 'Oct 6. 2007'. 'str_updated': ''}. {'title': 'Consumer debt rises'. 'published': 1191619802. 'updated': 0. 'alternate': {'href': 'http://mortgage freedomblogging com/2007/10/05/consumer-debt-rises/'. 'type': 'text/html'}. 'compose': 'Matt'. 'summary': 'Are consumers switching from home equity lines to credit cards?\nWhile there’s an ongoing credit crunch for home loans other debt held by consumers rose last month reports the Federal Reserve today.\nThe Fed said be consumer debt in August rose at annual clip of 5.9 percent to $2.47 trillion. Revolving.

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