Goldman Sachs, Morgan Stanley and CitiGroup Executives Miss Obama Meeting
Goldman Sachs CEO Lloyd Blankfein, Morgan Stanley CEO John Mack and Citigroup Chairman Richard Parsons missed the 11:10 a.m. meeting at the White House this morning due to flight delays due to fog. The irony of the absence is the fact that these executives decided to fly commercial because they wanted to portray the image [...]
CitiGroup CEO Vikram Pandit’s Memo to Staff; TARP Funds Being Paid
Here is the memo to the CitiGroup staff that Vikram Pandit sent out this morning courtesy of the NY Times article located here. Dear Colleagues, Today, we announced a series of transactions to repay the $20 billion of TARP outstanding and terminate the asset guarantee we received from the U.S. government. The Treasury also announced [...]
First Time Home Buyer Tax Credit Extension – Will You Benefit?
Early in November the talk of the real estate market was the first time home buyer tax credit extension. The original bill expired on November 30th, 2009. This expiration was for all of those who closed on their homes so in essence you would have had to start the home buying process between 35 and [...]
Making Home Affordable, HAMP, Successful with Home Loan Mortgage Modication?
The Making Home Affordable, HAMP, program has definitely gotten off to a slow start but the data suggests that this home loan mortgage modification program could be picking up steam. There are several lenders that have no gotten over 40% of the qualifying mortgages into the trial period of modification. The problem comes when these [...]
Obama’s Stimulus Spending – Pay off the Deficit of Small Business Lending?
One of the most contravesial topics in the finance industry at the moment is where should the stimulus money going. The Obama’s stimulus spending topic is a bipartisan issue that has yet to be resolved. The Republicans would like this money to go towards paying off the deficit but Obama and the Democrats think that [...]
Unemployment Benefits Extension 2010 – For or Against?
Congress is currently mulling over the thought of extending the unemployment benefits for those who exhaust their benefits after December 31st, 2009. At the present time, if your unemployment benefits end in 2010 you are out of luck when it comes to receiving aid. With this in mind, I ask you the question, are you [...]
Gold and Precious Metals Down 7 Straight Days; Still Buying?
Many of the readers of Subprime Blogger know that I have been a strong bull for quite some time. I can remember making investments in gold and precious metals when the yellow metal was trading around $600. Obviously there have been ups and downs along the way but there is little doubt that gold and [...]
Personal Finance Conversation Category on Subprime Blogger
When creating Subprime Blogger my initial intention was to help visitors research ways to make their financial lives easier, particularly by getting out of debt and possibly even locking into lower mortgage rates. After building traffic and finding out what users were looking for I have found out that having a conversation about personal finance [...]