September 23, 2008 – 3:53 pm
Is your bank in trouble? One hundred seventeen banks (and counting) representing nearly $80 billion in assets, are on the FDIC’s “problem bank list”. Banks on this list are considered the most likely to fail based on difficulties with their finances, or on operations or management issues that pose a threat to their existence.
According to [...]
September 22, 2008 – 3:43 pm
Now, a bit of seriousness about what we face on the other side of the $700 billion bailout. It doesn’t seem like it now, but there will be life after the bailout.
The big question is, what kind of life?
I’m not sure, but I know our lives, at least our working/professional lives, will never be the [...]
September 16, 2008 – 6:36 pm
The stock market plunge over the last couple of days, the effective nationalization of the mortgage industry, the total destruction of companies we thought were indestructible, the unpredictability of the Fed (and the traders’ responses) have all led to a bit of hysteria.
People are scrambling! If big names like Merrill, Lehman, Bear Stearns and AIG [...]
September 8, 2008 – 6:01 pm
United Parcel Services (UPS) has announced that, beginning September 9th, they will begin lending working capital to small businesses via its new UPS Capital Cargo Finance program. UPS officials say the short-term loans will average around $150,000 and will effectively function like bank lines of credit. UPS will advance the small business owner cash to [...]
August 14, 2008 – 5:33 pm
Those wily hedge fund managers are up to their old tricks–giving us what we want and making megabucks in the process. Their newest product is a hot, hard-to-get, one. It’s business loans.
Hedge funds are offering asset-based loans to a select few business owners. In exchange for sizable loans with short repayment periods (usually less than [...]
“The Decider” finally decided to support the new $300B housing rescue bill. The bill is actually an attempt at bailing out and reigning in Fannie Mae and Freddie Mac, the mortgage giants that back or own $5 trillion in U.S. mortgages — nearly half the nation’s total.
While that’s a worthy enough goal (since not doing [...]
Miller Brewing Company, one of America’s most iconic brands and most popular beers, wants to give you more than a nice cold one. The Wisconsin-based brewer is revisiting its Miller Urban Entrepreneur Series (MUES), a 9 year-old business plan competition and seminar series designed to provide funding and resources to urban entrepreneurs to take their [...]
Category Archives: 
Loading ...
