| Debt Management with Debt Consolidation Loans: A Smart Move by Smart ...
Multiple debts against your name that you owe to different creditors not only drains away your income (especially, if they carry high interest rate, such as credit cards) but also rob your peace. It is generally very difficult to manage multiple debts efficiently. Larger sum of money can be borrowed at a lower interest rate. So, it makes sense to consolidate your small multiple debts into a single loan amount. Debt consolidation is a smart way to address your debt problem. A careful approach while collating your debts using debt consolidation loans will not only help you to streamline your finances but also enable you to get rid of the debts in the long run. While applying for a debt consolidation loan, try to borrow only that much money which is just sufficient to pay off the existing debts.
Marketing outfit made 46 million illegal calls
A CALIFORNIAN telemarketing company which used automated gear to annoy the world with pre-recorded telemarketing pitches has been fined $180,000 for its antics. The Federal Trade Commission that Voice-Mail Broadcasting Corporation (VMBC) made 46 million illegal calls using the equipment. The FTC wanted to fine the company a million dollars but worked out that VMBC and its owner Jesse Crowe had no way to pay such a steep fine. The calls were flogging debt-consolidation and mortgage brokerage services and other retail and financial services. According to Network World, the equipment was supposed to leave messages on answerphones and it hung up if it got a human. This is illegal, as the FTC’s Telemarketing Sales Rules say that calls should be connected to a human sales representative within two seconds.
Fed's Folly: Fooled by Flawed Futures?
That constitutes a bad day at the trading desk. (As an aside, I have worked with SocGen from time to time over the years, and have always been impressed.) Some suggest that it was the very selling by SocGen, which was 10% of the market trades, which caused the downside volatility. It seems the European Central Bank knew early on about the problems at SocGen, but the Fed got caught by surprise. The Fed holds an emergency FOMC meeting ahead of the scheduled meeting this week, and makes a shock and awe 75-basis-point cut. I can tell you that shocked a lot of very sophisticated traders and managers that I talked with here in Europe. Everywhere I went I was asked, "Why an inter-meeting cut?" The Financial Times wrote, "The question being asked now by some in the markets is: was the Fed duped into a clumsy and panicked move by the clean-up operation for Jerome Kerviel's [AKA rogue trader at SocGen] mammoth losses for the French bank?" My very good friend Barry Ritholtz seems to agree with that position.
Financing, rising costs led Chelsea biodiesel plant to bankruptcy
Rising soybean prices and a lack of financing have led to the bankruptcy of a biodiesel plant in Chelsea in northeastern Oklahoma. Green Country Biodiesel LLC filed for liquidation in Tulsa bankruptcy court last week. It listed debts of almost $255,000 and assets of about $127,000. .
The Brampton Guardian
Peel – Investigators from the Peel Regional Police Fraud Bureau would like to caution the public about ongoing fraudulent American Express traveller's cheques scams. Investigators have received numerous complaints where victims have been scammed into cashing or receiving fraudulent American Express traveller's cheques. There are several different forms of the scam with the following being the newest to be investigated. Victims would agree to attend a financial institution and cash the American Express traveller's cheques in exchange to receive a portion of the cheque as payment. In some cases, they will agree to make purchases for the scammers. Once the purchases are made, the victims are re-paid with the cheques. These cheques are valued at more than the purchases so the victim feels that they are earning money for their troubles.
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