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saab_9_3 asked:


Former President Clinton is on the campaign trail claiming he has nothing to do with the current economic crisis. However, the facts are these:

When President Clinton was president his terms was characterized by economic prosperity and financial deregulation, which in many ways set the stage for the excesses of recent years. Among his biggest strokes of free-wheeling capitalism was the Gramm-Leach-Bliley Act, which repealed the Glass-Steagall Act, a cornerstone of Depression-era regulation. The repeal enabled commercial lenders such as Citigroup, which was in 1999 then the largest U.S. bank by assets, to underwrite and trade instruments such as mortgage-backed securities and collateralized debt obligations and establish so-called structured investment vehicles, or SIVs, that bought those securities. It is therefore seen that the repeal of this act is directly responsible for the Global financial crisis.

That was not enough for former President Cliinton. He also signed the Commodity Futures Modernization Act, which exempted credit-default swaps from regulation. The Commodity Futures Modernization Act of 2000 has received criticism for the so-called “Enron loophole,” which exempts most over-the-counter energy trades and trading on electronic energy commodity markets. This was one of the big reasons for the collapse of Enron.

Not convinnced yet? In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods. All these rules changes played a role in creating a permissive lending environment. This in turn led to more loans being given to people who really could not afford them, leading to defaults today.

After all of this, do you believe our former president when he says to the media, “I am not a fault for any of this financial mess? Do you believe if my economic team was in place that any of this would have happened?”

My answer is yes I do – after reading about all the things he did in great detail, I put part of the blame squarely on his broad shoulders. To deny he had nothing to do with it seems like he is trying to rewrite history. What do you think?
Hmm. The surplus has nothing to do with the current situation. How does that figure into this quesstion?

True, anything can be overridden – but how does that absolve Clinton for pushing these ideas in the first place?

Although Clinton is not formerly campaigning, he is making repeated statements (three in the last two days) stating he has NOTHING to do with the economic downturn. If this is not campaigning for his reputation history, what is it then? Just random statements?

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Da Man asked:


I am looking into investing in commercial real estate (apartment buildings specifically). If I do my homework on a particular investment (say $1 million) and I estimate a fair sized profit once I sell it, would I have much trouble getting a loan, even if I have no real estate investing experience? I realize how vague my question is, but I would like as much info as you can spare. One could argue that $1 million is a high place to start. Is that true? Do I really *need* to start small?

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Tony asked:


I saw a commercial and said they could refinance to a 15 year loan at 4.375 with no closing costs. Has anyone used this company and if so were they good or are they trustworthy. Thank you.

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lackfree asked:


It’s a commercial GC,licensed and all,was hired to remodel a commercial existing building.The job was supposed to be done months ago and still not finished.I paid him more than I owe him within the contract.Just found out that no sub-contractors have been pd.I am paying the sub-contractors from my own money now because the GC says he has no more money left.I have proof that all the money I gave him, he did not use for my project, maybe for his personal bus.Should I keep paying the sub-contractors so I don’t get any liens on my property and after the project is over sue the GC for the extra money that I had to pay plus all the white hairs that have developed with all the stress.I had to apply for many loans in order to get the money to pay everything.My lawyer is getting on my nerves saying that all GCs are the same.All GCs cannot be all thiefs and liers.Thank you for reading and I hope you can help me with insights on what I can legally do here in Florida.

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Stacy? asked:


After 8 long years in this relationship it finally ended after so many infidelity problems, unfortunatly the loan still stands. I got it for him to help him with his buisness and to help the family because my credit score was slightly better than his.

I moved a state away and have dealt with the worst custody battle ever the last year and with all the stuff I had to deal with I put this 100K loan on the backburner. Custody has been a priority all year. Now that most things have been resolved I have this loan that I don’t know what to do about. Its a revolving Suntrust equity loan and it was for 10 years and 2 years have passed since I had it done. I really want this taken care of it erks me so bad to see 150K in cars in his driveway and several buisnesses and commercial property and the house itself is in his name and I walked away with nothing but a loan in my name.

Please help

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icesk8a00 asked:


I’ve seen all those commercials to get free grants from the government and I bought a couple of them online but they want me to read a 600page guide to figure it out and that would clearly take me 2 years to read, lol. Does anyone know where there is an easy place to get business start up loans for at least $4k or $5k?

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Robert H asked:


I am looking for an inexpensive financial statement spread software for commercial loans and companies. The software does not need to be all encompassing, but instead needs to be able to spread financial statements and calculate ratios, variances, etc. While I would love to have Moodys KMV, this is too expensive. Any suggestions?

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Paul S asked:


It has always been my dream to be a commercial airline pilot. More and more I’m starting to realize what I really want to do. I recently started law school but I’m having doubts about whether I really want to go through with this. I’m sure becoming a commercial airline pilot will be just as tough as becoming a lawyer, if not more. But I know for sure that I’ll enjoy my job, probably more so than being a lawyer.

I already have a BA in Psychology so I figure I’ll just need flight training. Where do I start?

Also, I realize flight instructions will cost a lot of money. What kind of loans are available to cover up the cost? Are there Federal Loans available for these as well?

Thanks.

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anand p asked:


I am looking to become a commercial airline pilot, but i do not have
the funds required to cover the training costs. i want to avoid
getting a loan from the bank because of the high interest rates. i
have looked almost everywhere on the internet looking for a commercial
airline that offers a pilot sponsorship that pays for all the training
and in return i work for them for a certain amount of years, slowly
paying them back. I do know that these sponsorships exist and a lot of
airlines have stopped them recently, but there are some airlines that
still do them. Which ones do? and how do i apply? Are there any pilot
training companies that offer a similar sponsorship? if so which ones?
and gow do i apply?! i do not mind being based in another country if
required for the training. i am 18 years of age, i have just finished
my A-levels, so i beleivce this is the right time for me to apply. I
hope that you can give me some good advice and point me in the right
direction for becoming a commer

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katrina t asked:


I have a great idea for a business that I think will do great and have great returns. It has to do with buying precious metals. I want to run the business from my home. I have a great business plan, but I have had some trouble in the last year with my credit. I don’t need much to start the business as far as equipment, maybe $1,000 at the most, but I would like to advertise with infomercial type commercials in various major cities covering California only. I will start off with only California, with the possibility of advertising outside of California if all works out. I will need the loan for mostly advertising and building a good website. Does anyone know of any legitimate investors that will help people start-up businesses with bad credit? Or any banks that will. My goal is to get this up and running before someone else thinks of my particular field.

Commercial Loans to 65% of Value