i would…
give 10,000 to my church
pay off my parents mortgage
buy my brother a new(used) car
give my brother 0,000 for college
redo the sink area of our kitchen
the rest would be for my college and future

My partner bought his first house in January and we havent had any trouble making the repayments on his wages alone. I recently graduated with my BHSc but even so my nett income is only around 2500p/month at the moment. I’m thinking about buying a small (tiny!) office in a trendy area for 92K and to start consulting from there 2 days per week and keep my current part time jobs as well. I’ve never had any credit besides my HEX and don’t have a deposit. Is it even possible for me to get a loan? What do you think? I have a feeling that the room might be difficult to rent so if the consulting doesn’t work out I’d have to sell or hold as an investment. I’m in Australia so I’d love to hear replies from people who have a good knowledge of the commercial real estate situation here. Would I qualify for any first home buyer or stamp duty benefits? What would the total loan amount need to be to cover all the fees, charges, taxes etc? I would also need 5-7K for equipment. Is it a mortgage , a business loan or what? It may be relevant that my name is not on the mortgage for our house and I have no debt whatsoever, but no deposit – what are my options? Thanks.
I completely understand what you’re saying. In my consideration of that situation (my partner being unable to work), I have placed a lot of emphasis on the potential capital growth of the properties. I think I need to do far more local research of this topic. I just personally know several people who rent out office spaces and they end up losing most of their profit to it. And when they move they lose a huge chunk of client base. If I were to buy a cheaper space that I can currently afford to pay off using my wages from my permanent and overhead free jobs; at least I have a chance of recouping my money through sales of the properties and/or income from the business. Whereas if I rent it is lost forever. But I also concede that I need some more experience before I dive off by myself. It’s frustrating.

Looking over barack obama’s tax returns I noticed that he had made donations to a non-profit organization in the years of 2004-2006. I can’t figure out what organization it is that he is donating too. Is NAMBLA a church of some kind? A homeless shelter or environmental group? The reason we were studying is because he has no deductions for his college student loan. Michelle had her college paid for because of he skin color and obviously not because of her grades. Also there is a man, name escapes me, who claims to have paid for obama’s college. I guess both obama’s misspoke when they tried to claim that they had "just finished paying off our student loans" but I don’t really care about that. So who or what is NAMBLA and why is barack donating money to them?

I realize its obamas money and he can donate to anyone, or any group that he wants, I am just curious. Any help would be appreciated as I am trying to help my business partners daughter with picking a topic for a college English class’ essay.

growing up my mother was very verbally abusive,and sometimes physically.she was rude,greedy,disrespectful and just horrible.as i got older and was able to work i had to give her every cent i made to "pay bills"but somehow we were always short on bills even though i would give her everything.she constantly asked people for money,my friends parents,my friends!,people from church,you name it!.and never pay them back for years.when i met my hubby she insisted in meeting his family and of course to my embarassment she asked his grandma for 0!and paid her back.then she asked him for a loan of 00!behind my back,and when i found out i was furious!she gave him this bs about how we were tight with money and she couldnt take it anymore and being the nice guy he is took out a loan and we moved to CA.(where he is now stationed)he has never gotten a payment from her,just attitude,rude remarks and claims she never asked for money..one day he was going to bring me lunch to work and.(conti)
didnt have his cc.so went home(we 3 lived together because we had just moved there) to find her packin everything!with not telling us,not paying her part of the rent that we had to pay and were late because of her so had to pay more charges.packed up and left we had to sleep on the floor for a week till we got a bed.i confronted her the week after and told her how horrible she was for doing what she did and i was not going to give her anymore 2nd chances.and now she calls me once a week to say"i just wanted to see how your doing"and if i dont answer she calls 5times in a row.and always calls when hes at work.i dont want to talk to her,after all the years of hurt and what she did ive had enough.im not bitter or mad i just want to move on.but how do i do so if shes constantly calling me and telling my famliy lies.?
didnt have his cc.so went home(we 3 lived together because we had just moved there) to find her packin everything!with not telling us,not paying her part of the rent that we had to pay and were late because of her so had to pay more charges.packed up and left we had to sleep on the floor for a week till we got a bed.i confronted her the week after and told her how horrible she was for doing what she did and i was not going to give her anymore 2nd chances.and now she calls me once a week to say"i just wanted to see how your doing"and if i dont answer she calls 5times in a row.and always calls when hes at work.i dont want to talk to her,after all the years of hurt and what she did ive had enough.im not bitter or mad i just want to move on.but how do i do so if shes constantly calling me and telling my famliy lies.?

I am a daughter taking care of Mom, a grandmother with a college bound very bright and career oriented professional. I have not worked since Sept. 2009 and yes I have been looking and want to work. I have a Mortgage headed for foreclosure unless God intervenes Right now me and my granddaughter are staying in a hotel because we don’t have lights at home. And now the only transportation we had has broken down and needs a engine. My car was already and is still in the shop for a transmission. We need a car to take my granddaughter back & forth to school, church & other meetings and activities. She is in a honors school and out of the city so there is no bus transportation. She just scored 1550 on her SAT and her desire is to major in Pediatric Medicine. I have a domestic violence ministry and I am very involved in church, community, and state ministry & missions. I feel so overwhelmed. I know God is able.

He just won’t get it. Every time I mention that he should look for his own apartment, he lays a guilt trip on me and says that I am a bad mother or that he would do just that when his finances improve, etc. .
What’s a sure way to get him out of the apartment because he won’t take this seriously, and I like to live alone.

OMG I am soo upset right now… Umm a few months ago there were a bunch of us at church having babies. I got some clothes …lots of clothes actually and really wanted to give too KNOWING…stating PLAINLY that I wanted all my clothes back as I was still planning on having more children. WEll, one of the woman, whom I gave all my girl baby clothes to just "returned" my clothes. And as she is giving it back (all 3 grocery sacks full) says "OH when I was going through it..anything I didn’t want I gave to the salvation army or church ." AAHHHH are you kidding me. It was soo hard for me to give.. Im sorry loan…to this woman. I never thought she wouldn’t return them to me…the worst I thought was that they would be more worn.. Now all the outfits that I put on Emily and Maria I will never see again.. OH I know it is just clothes but those are my babies clothes. Oh I have sooo learned a lesson. I will admit I just finished crying over this. Can you relate??
and I just looked through the bags and didn’t recognize anything that was mine.

They lure the homeowner with lies and low payments, cancel the program last minute instead of finalizing it (as happens to 99.8% of those who are supposedly approved and get sucked into it) only to mail foreclosure documents instead of the finalized paperwork. I think it’s the biggest scam in the history of mankind. The government gave handouts in the hundreds of billions to the banks to bribe them into putting homeowners into HAMP (they called me nonstop for 3 months even though I was current for 9 years until I gave in, lowering my payment from 00 to 00 so how could I say no?). They pay the mortgage co. for each sucker they suck into the scam, then the mortgage company adds the difference that the homeowner is supposedly saving onto their loan balance without ever telling them (for those who haven’t been kicked out yet I’ll give you a heads up what to expect). Then they say "you’re not approved" for a bogus reason they make up (you can go to forums and read about everything under the sun they’ll make up to not finalize the terms) then hey consider it you hadn’t made your mortgage payment the whole time they had you on the scam modification and mail foreclosure documents! Let’s hope Obama goes to jail for signing this bill, advocating it and even airing in commercials telling innocent homeowners in need to call their mortgage company (if the sharks hadn’t contacted them yet) to get on this "program" so they can steal their house. What a crook of an administration we have.

You might think how can mortgage companies make money in a foreclosure?
1. The government pays them for each homeowner they succeed in putting on a modification (HAMP)
2. They add the difference between the fake discounted monthly payments and the regular one and add it onto the mortgage balance at the end (this goes for the less than 1% of those who get the terms finalized!! Win-Win for them
3. The difference between the mortgage balance and the value the lender sells the home in foreclosure – yup you guessed it, Uncle Obama pays them! cha-ching. Bank of America, Citi – they’re all gonna have a nice fat Christmas at poor homeowner’s expense who got suckered into the worse than ponzi scam that cost them their house. Mine will be auctioned off next Thursday after they suckered me in Last October and had me on the fake trial payments and all of the above transpired and yes I do have a lawyer but it’s hard going against the government and the mortgage company and all their lawyers so it’s a lost cause.
I was desperate and shocked, I appealed to my congressman who wrote letters to Bank of America on my behalf. I complained to the Treasury department since B of A is a national bank and long story short what I learned is that they are on the bank’s side 100% – I wonder if I suffered a heart attack because I felt so betrayed and in shock and had a panic attack how through lots of lies they were taking my home, lied about everything. For those of you who are asking for references, it’s all over the internet, it’s not a secret for the millions of homeowners who are victims of this scam, you can read up on it if interested. I just can’t believe this could happen in the United States, I hate our government! They are crooks, as are the banks!!
My mortgage balance is under 729K. My income and everything qualified based on the guidelines I was told. In fact they won’t even tell me why they’re not doing it, all I get is that the system kicked it out. I asked them to send that in writing and they never did. Each time I call I get a different story. I just wish I could rewind the time and never have gone on it.
Billy Bob – deferred still means it is owed. When I agreed to get on the program they never told me the amount they discounted my payments would be added as a lien/deffered/whatever you want to call it – that I would still owe it!!

Theydidn’t spend a cent on my wedding their travel boarding lodging reception all paid by my dad.They created a major scene before the wedding and took away the decorated car for their son just as i was coming out of the house to go to church.Son had been a golden goose who earned as a Naval Officer and gave them all their salary for 8 yrs. He had no bank balance when we got married. My dad got him his wedding suit his parents wanted him to wear the suit that he had stitched when he joined the Naval Academy. My husband took a loan from the navy to build the house that my in laws stay in. They have created problems between us right through the 21 yrs of our marriage. If I feel ill (nothing serious) they’d write and tell my husband to tell Mr G (my dad) what a sickly girl their daughter is…… They’d send registered mail to make it seem as if I was not giving their letters to their son they then starting mailing letters to another officers recidence.
Fed up my husband stopped writing to them I continued. Years later when we wanted to build our abode on top of the ground floor that my hubby had consructed they said no what about the sisters , they should get the property and we stay in my dads house we tried making them understand but they didn’t relent. My hubby at last wrote off the property on his fathers name & bought a house in another city . they didn’t help during my pregnancies I lost one of our babies they didn"t show up.My husband had a major brain surgery yes they didn’t visit us then too. Now we are posted in the same city but we don’t visit my mother in law calls up regularly asking 4 money. I don’t want 2 help for till date they have not given me anything. She has called me all sorts of names including prostitute. They spend lavishly on their daughters kids and on refurnishing their own place how can they be in need of money. One daughter is suffering from severe depression they want us 2 take her in emotional blackma

The legislation was signed into law by President Bill Clinton on November 12, 1999

The repeal enabled commercial lenders such as Citigroup, which was in 1999 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.[15] Elizabeth Warren,[16] author and one of the five outside experts who constitute the Congressional Oversight Panel of the Troubled Asset Relief Program, has said that the repeal of this act contributed to the Global financial crisis of 2008–2009.[17] [18]

The year before the repeal, sub-prime loans were just five percent of all mortgage lending.[citation needed] By the time the credit crisis peaked in 2008, they were approaching 30 percent.[citation needed] This correlation is not necessarily an indication of causation however, as there are several other significant events that have impacted the sub-prime market during that time. These include the adoption of mark-to-market accounting, implementation of the Basel Accords and the rise of adjustable rate mortgages.[19]

When will the liberal lies stop???

I’m 16 I’ve been working at my job of a church nursery care worker for over 6 months and make well over 0 a month, and can get some one to co-sign on my loan for a car. Can i get one now? If so how much can I get one for? I’ve looked on a app on my phone and it says I can afford a 00 or less loan at 6% for 24-72 months is that right? Or can someone my age not get a loan that long term?

finance?

Working on law class. Supposed to predict sentences for white collar crimes. No levels or points provided, just vague descriptions.

All crimes assume defendant pleas and cooperates, with no past criminal record. Give me your best prediction of a sentence for each crime.

1. Person lies on his mortgage application inflating income by 50% to obtain a 0,000 mortgage loan he intends to pay.

2. Used car dealer rolls back miles on 30 autos, inflating value by a total sum of 0,000 in gains he would not have reaped.

3. Man sells a car online for ,000, takes payment and skips town. Never delivers car. Used internet and mail. Charged with 1 count mail fraud.

4. Pastor of church uses church donations to support his gambling habits in the sum of 0,000 over 5 years.

5. Online art dealer sells ,000 in fake counterfeit prints to 100 buyers. Uses internet and mail. Charged with one count mail fraud.

6. Son of elderly mother who has dementia takes out loan on home to pay off his business debts from debunk business without mother’s consent. Total sum is 0,000.

FDIC weighs extraordinary steps, including loans from banks, to shore up insurance fund

* By Daniel Wagner, APey Business Writer
* On Tuesday September 22, 2009, 5:09 pm EDT

WASHINGTON (AP) — The Federal Deposit Insurance Corp. is weighing several costly — and never-before-used — options as it struggles to shore up the dwindling fund that insures bank deposits.

The agency is considering borrowing billions from healthy banks. Alternatively, it may impose a special fee on the banking industry.

Each option carries risk: Drawing money from healthy banks would take dollars out of the private sector, making that money unavailable for investment in the weak economy. But charging the whole industry a fee to replenish the fund could push weaker banks toward failure.

A third option — borrowing from the Treasury — is politically unpalatable, since it would resemble another taxpayer-financed bailout.

A fourth option would be to have banks pay their regular insurance premiums early. But this idea wouldn’t solve the fund’s long-term cash needs.

"The bottom line is, there’s no good solution," said Jaret Seiberg, an analyst with the research firm Concept Capital. "This is a fight over which option is least bad."

The FDIC is expected to propose a solution, possibly combining two or more of the options, at a board meeting next week.

Bank failures since the financial crisis struck have drained the fund to its lowest level since 1992, at the peak of the savings-and-loan crisis. The fund insures deposit bank accounts of up to 0,000.

Officials have approached big, healthy banks about making loans to the agency, said two industry officials familiar with the conversations, who requested anonymity because the plans are still evolving. Doing so would help the agency avoid tapping a 0 billion credit line with the Treasury — something FDIC Chairman Sheila Bair is reluctant to do.

But taking billions from large, healthy banks would remove that money from the private sector and prevent it from being invested. That could slow an economic recovery, analysts said.

Industry and government officials said Tuesday that plan was still on the table. But FDIC spokesman Andrew Gray downplayed its likelihood, saying, "It’s an option, but it’s not being given serious consideration."

The FDIC also could levy a special emergency fee on the industry. That would allow the healthiest banks to keep more capital for investment. But it could drive shakier banks toward failure — further depleting the fund. Losses on commercial real estate and other loans are causing multiple bank failures each week.

Banks already have paid one extra fee this year. And Comptroller of the Currency John Dugan, who holds one of the FDIC board’s five votes, has cautioned against saddling them with another.

Discussing the option last week, Bair acknowledged, "We don’t want to stress the industry too much at this time, when they’re still in the process of recovery."

Bair also said then that the agency might collect banks’ regular insurance premiums early to infuse the fund with cash. An exemption would likely be provided for banks that are too weak to pay in advance.

This plan would solve the fund’s immediate cash needs. But Seiberg called it "a one-time gimmick" that would merely delay another special assessment.

Because the FDIC expects bank failures to cost the fund around billion through 2013, a short-term boost may not be the answer, Seiberg said.

The banking industry and lobbyists oppose another fee. They also want Bair to avoid tapping the Treasury credit line, because it would lead to higher insurance premiums for banks as the FDIC repays the money.

In a letter Monday to Bair, American Bankers Association CEO Ed Yingling endorsed borrowing from the banks or collecting regular premiums early as alternatives to charging another fee.

The special fee imposed earlier this year is hurting banks, already stressed from depressed income and increased loan losses, Yingling said. Another one "may do more harm than good," he said.

One advantage of having big banks lend to the insurance fund would be to give healthy banks a safe harbor for their money and limit their risk-taking, said Daniel Alpert, managing director of the investment bank Westwood Capital LLC in New York.

It also would let the industry’s strongest players — which still rely on FDIC loan guarantees and other emergency subsidies — help weaker banks avoid paying another fee, he said.

"Lots of banks are going to require more capital, and (Bair is) trying to rob from the rich and give to the poor," said Alpert, who supports the plan as a creative way to avoid another bailout.

Bair’s priorities for the industry are different from the Treasury’s, analysts said. She is focused on stabilizing the many banks still at risk of failure. Such collapses could further deplete the insurance fund.

Treasury Secretary Timothy Geith

My boyfriend and I would really like to get married and don’t want to wait a long time. I’m 24, a college graduate, but make a meager living as a reporter for the local newspaper. I still live with my parents. He’s 26 and is still a sophomore in college due to several injuries and surgeries that kept him out of school for a while. He lives in the college’s apartments and works at the local video store. We live about 100 miles from each other.

If we were to get married soon, I could live in the student housing with him, and it would actually be cheaper with two incomes and other things like government incentives. However, he has almost NO savings right now and can’t seem to save anything with his video store income. I’m able to save a little, but not much. A "friend" totaled his car and he can’t afford to get a new one — and even if he could, he could not afford the insurance, registration, gas, etc. Right now he’s just paying for food, rent, and bills and gives me a little money if I drive down to see him or he takes me out to dinner, etc. Due to all the medical bills from his surgeries, he has bad credit and says he can’t get a loan to help pay for anything. I could get a loan, but would hate to start out our lives in more debt (I already have my own student loans to pay back). It would also make me feel a little wrong to be the one paying for everything.

I don’t need an amazingly fabulous wedding, but I also don’t want to get married at the court house in jeans and a T-shirt. We would both like a church wedding and a normal reception (just a "normal" wedding). But it seems like it will be years before he can even afford an engagement ring.

I know you’re probably thinking, "This guy is a loser, just find somebody else." But he has a wonderful heart and I’m so very in love with him. He would do anything to get out of this situation, but unless we win the lotto, it just seems impossible. Any ideas??? REAL ideas??