AldenE's Profile
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Entry: Should The Government Start Breaking Up Too Big To Fail Banks?
posted by AldenE
Mar 30, 2009 5:08AM
Banks that got emergency cash as a part of the government bailout don’t have to follow the same rules as people who have to get short-term loans. They do not have to pay the money back, or even be accountable for it. The banks and other companies that got generous portions of taxpayers’ money are popping up all over the place in reports that they are either unable or unwilling to report just how exactly they have been spending that money. (My guess is the latter.) As the recession began draws on fewer people are willing to lay down $20,000 or more on a vehicle that isn't a daily driver. The company has also been hurting because of the credit crisis, but after losing large sums on previous loans, the financial wing is still offering loans with much stricter requirements. Tom Bergman, Harley CFO defends the lending, citing that the company is trying to survive. They may need a payday loan in the meantime. However, as the economy shows signs of rebound, it isn't likely we will see an end to Harley Davidson. To read more check out this articles at http://personalmoneystore.com/moneyblog/2009/03/24/harleydavidson/
Entry: S&P Slashes Ratings On Lehman, Merrill and Morgan Stanley
posted by AldenE
Mar 30, 2009 5:01AM
Concerning financial issues, Obama together with his Team Transition just recently depend their picks for the United States Secretary of the Treasury, though it seems imprudent to appoint to one of the top financial posts in the country to a guy that makes big tax mistakes that require a massive payoff. As the recession began draws on fewer people are willing to lay down $20,000 or more on a vehicle that isn't a daily driver. The company has also been hurting because of the credit crisis, but after losing large sums on previous loans, the financial wing is still offering loans with much stricter requirements. Tom Bergman, Harley CFO defends the lending, citing that the company is trying to survive. They may need a payday loan in the meantime. However, as the economy shows signs of rebound, it isn't likely we will see an end to Harley Davidson. To read more check out this articles at http://personalmoneystore.com/moneyblog/2009/03/24/harleydavidson/