“Our analysis makes clear that while having a celebrity of Tiger Woods’ stature as an endorser has undeniable upside, the downside risk is substantial too.”
Before the scandal, Woods earned about $100 million a year in endorsement income, more than any other athlete.
Bad Ass Cat On Roomba
Additional Funding for SBA Recovery Lending Programs will Support $4.5 Billion in Small Business Lending | SBA
Agency plans to restart Recovery loan approvals by Dec. 28
WASHINGTON – President Obama signed the U.S. Department of Defense (DOD) appropriations bill on Saturday, which included $125 million to continue through Feb. 28, 2010, the enhancements made possible through the American Recovery and Reinvestment Act (ARRA) to SBA’s two largest loan programs. The SBA estimates the additional funding will support $4.5 billion in small business lending.
New approvals of loans with the higher guarantee and reduced fees made possible by ARRA are expected to begin by Dec. 28. Loan applications from borrowers who chose to be placed in the SBA’s Recovery Loan Queue will be funded first, followed by new loan approvals beginning on or before Dec. 28.
Continue reading “Additional Funding for SBA Recovery Lending Programs will Support $4.5 Billion in Small Business Lending | SBA”
Community lenders hit the funding jackpot | CNN – CA Hispanic Chambers of Commerce
Too bad they hit the jackpot on the nickel slots.
The entire Goldman bonus pool should be donated to small businesses, but that’s just me.
Community Development Financial Institutions (CDFIs) have been a rare small business lending success story this year — and next year, they’ll have more cash.
Continue reading “Community lenders hit the funding jackpot | CNN – CA Hispanic Chambers of Commerce”
Banks That Bundled Bad Debt Also Bet Against It | NYTimes.com
“The simultaneous selling of securities to customers and shorting them because they believed they were going to default is the most cynical use of credit information that I have ever seen,” said Sylvain R. Raynes, an expert in structured finance at R & R Consulting in New York. “When you buy protection against an event that you have a hand in causing, you are buying fire insurance on someone else’s house and then committing arson.”
Read on to find out how Goldman Sachs created and sold securities – they thought would lose money – to investors.
Leadership, Obama Style: Pretty Speeches, Compromised Values, and the Quest for the Lowest Common Denominator | Drew Weston, PhD
Somehow the president has managed to turn a base of new and progressive voters he himself energized like no one else could in 2008 into the likely stay-at-home voters of 2010, souring an entire generation of young people to the political process.
Meet the new boss…same as the old boss…
Underwater and Not Walking Away – Brent T. White – Arizona Legal Studies, The University of Arizona.
The home financing system in America works because lenders count on your moral belief system, not contracts, to hold you to the deal, while they do not take that same obligation. This one single fact gives lenders the enormous power of humiliation. Brent White has created one of the most cogent and well crafted descriptions of the present storm we’re riding, along with some unusual observations.
Continue reading “Underwater and Not Walking Away – Brent T. White – Arizona Legal Studies, The University of Arizona.”
Retirement: What’s That? | Entrepreneur.com
After spending years building businesses they’re passionate about, many entrepreneurs say they’ll never stop working.
Report to the President – SBA Small Business Financing Forum
The opening remarks of this report contains the following brilliant observation:
With financial institutions tightening lending standards in this recent economic crisis, the small businesses that depend on them for credit have been hit particularly hard.
Ya think? Without the ability to sell stock or bonds to raise capital, small businesses have to turn to banks. Banks are required to meet tough new standards and for the most part, keep the loans they write on their balance sheets. To maintain their required ratios, most banks have withdrawn credit from those least able to survive it, small business. A perfect storm.
Continue reading “Report to the President – SBA Small Business Financing Forum”
