Why? Because regulation protects consumers, the very sheep they hope to shear. Christine Harper, Matthew Leising and Shannon Harrington report in Bloomberg : Wall Street is suiting up for a battle to protect one of its richest fiefdoms, the $592 trillion over-the-counter derivatives market that is facing the biggest overhaul since its creation 30 years ago. Five U.S. commercial banks, including JPMorgan Chase & Co., Goldman Sachs Group Inc. and Bank of America Corp., are on track to ea

Federal banking regulators have recently expressed some concern over the housing market as home prices in the United States have risen to record levels. While homes are more unaffordable than ever for many people, the lending market remains strong, mostly because of the introduction of new, ever-more-flexible types of loans. While these newer loan types, such as the interest-only loan, make buying a home easier for some borrowers, they also propose a greater risk to the lender. The lending mar

I’m excited, thrilled even, by the switch to Prosper Ratings. Although the Prosper Ratings are still letter grades ranging from AA – HR they are radically different from the credit grades we used in prior years. Before Prosper Ratings, there were Credit Grades, which were based solely on the Experian credit score. Two listings with the same Credit Grade could have very different loss rates. As you’ve probably read on the site, new Prosper Ratings are based on an estimated loss rate, which i

Venture capital has managed to maintain a decent reputation, even as the crisis has turned other areas of finance into public enemies. It's because venture capitalists are seen as breathing life into the great firms of tomorrow, whereas hedge funds use client money to exploit arbitrage opportunities, and PE funds are seen as picking apart once-great companies. In a NYT op-ed , New York VC Alan Patricoff ( SAI #5 ) and former NY Insurance Commissioner Eric Dinallo urge Obama not to include V

August 31st, 2009 Penny Auction With A TwistNeed a penny auction with a few twist and added features. pm me for details.Similar freelance jobsSportbike SouthCurrently making a motorcycle forum for users. I am illiterate when it comes to php or anything else with programming. Forum is based on PhpBB and would require winner to upload everything because I dont know how. I can communicate with any individual and give a website that is operational as a [...] July 21, 2009Review Page & Minisite

Borrowing money today requires impressing an increasingly hard-to-please crowd. With creditors of all kinds more cautious than ever, you need an A+ application to land the best terms — and that means an A+ credit score, the number lenders use to judge your risk of default. The most commonly used credit scoring system, called FICO, rates [...]

Aug 31, 2009Others SUMMARY OF CASE LAWWhere the assessee company itself admits that it is liable to deduct tax at source u/s 194H in respect of post-paid services rendered through its distributors, it is the duty of the assessee to prove that the services rendered by the assessee through the distributors on pre-paid package is different from the post paid package so as to qualify the former for exemption from operation of section 194H; therefore, if post-paid scheme is subject to section 194H,

Fitch Ratings expects auto loan performance to continue to deteriorate, especially for older vintages. Excerpted from U.S. Auto: Asset Quality Review 2Q09 Despite the weak economy and high unemployment levels, Fitch Ratings saw auto lenders benefit from seasonal trends in the first half of 2009, thanks in part to an improvement in used vehicle values. Still, loss rates continued to increase year-over-year and up-ticks in second quarter delinquency rates, which is a common seasonal trend

A: And here we go. Fitch ratings downgraded four CMBS due to exposure to $4.5Bln in commercial mortgages tied to Stuyvesant Town / Peter Cooper Village. The downgrade reflected the likelihood of default as debt service cushions are almost depleted. Via Housingwire.com, " Fitch Downgrades Four CMBS Transactions on Likely Default ": Fitch Ratings downgraded four commercial mortgage-backed securities (CMBS) due to exposure to pieces of a $4.5bn commercial mortgage that is likely to default. Th

If you’re like the vast majority of business owners what you hate most about referring your debts to a collection agency is the thought of them lining their pockets with your money. As you may or may not know debt collectors generally charge 2 sets of fees: an up-front engagement fee to pursue a debt and a commission on every cent they recover. And while most debt collectors charge a commission of around 20% some of the less scrupulous firms will whack you with outrageous commissions of up to

Ask 100 business owners why they don’t refer their overdue accounts to a debt collection agency sooner and 72 will tell you the same thing… they can’t stand the thought of someone else (i.e. the debt collector) gorging on money that’s rightfully theirs. As you may or may not know debt collectors generally charge 2 sets of fees: an up-front engagement fee to pursue a debt and a commission on every cent they recover. And while most debt collectors charge a commission of around 20% some of the le

Anyone with more than a casual interest in why their 401(k) has tanked over the past year knows that it’s because of the global credit crisis. It was triggered by the collapse of the housing market in the United States and magnified worldwide by the sale of complicated investments that Warren Buffett once labeled financial weapons of mass destruction. They are called credit derivatives or credit default swaps. As correspondent Steve Kroft first reported last fall, they are essentially side b