Image: flickr.com via helloturkeytoe

If you have ever applied for a payday loan in your home town, you can agree that it’s sometimes difficult to get out of the payday loan trap without some suffering. Many big banks want to take your rights away concerning short term loans. It would be impossible to wipe this service out completely but they are determined to try. So now, if you apply for a loan you have to sign some petition stating you will not support the government and there initiative against payday loans.

January 2010 is just the beginning!

This bill politicians have passed, is it for the people? Or is it for THE CEO’s of certain financial institutions? The bottom line is they want to keep American’s owing them. So anything that will help us not overdraw our bank accounts is an enemy of the institution. The lobbyists have no personal reason or need to meddle in our lives, but money talks and what Americans really need doesn’t matter when dollar signs are the focus. Maybe if the shoe was on the other foot these politicians and bankers wouldn’t of jumped on this bandwagon to take away our financial rights. Have these congress men and women ever been without? Many people have a hard time securing the basic necessities of life, and short term loans can mean life or death for some. Riches can have a negative effect on any one, and sometimes people can’t stop even when they know it’s wrong.

The past can be a good indicator of how a bank will treat you!

Take the housing crisis for example, everyone knew that repercussions from giving away so many mortgages so fast would come back to bite, but did that stop anyone? No. There cups are full, but they want to have an overflow of wealth even when they will never be able to take it with them when death creeps. If people want to get a payday loan, what difference does it make? There are still plenty people who get charged for non sufficient funds, so the banks need to mind their own business and quit trying to monopolize. Their leverage is being compromised and these CEO’S hate it. Over draft fees are big business for banks, so don’t believe the hype about how the short term loan industry is taking advantage of the recession. Imagine if you could charge someone $200 for every $50 they borrowed from you. That’s like armed robbery in my opinion. Now wouldn’t you rather take out a $100 loan and save $85 instead?

Will CEO’s and politicians ever have a change of heart?

There is no reason that big financial institutions should care about our well being for the long hull. Maybe someday they will get a taste of their own medicine. Only then will the rich understand. You know that it’s gotten pretty bad when a bank loses their oldest living customer of 50 years because they failed to trust the account holder’s proven history of responsibility. When the couples bank account was cleaned out suddenly, the bank didn’t notice that this was a definite red flag. Turns out this elderly couple were victims of identity theft; it took the bank a year to reimburse the couple their money, what does that tell you about their banks credibility?

The internet is the new avenue for fraud. Many are taking advantage even banks. If your bank treated you like a scam artist after 50 years of loyalty wouldn’t you be just as quick as this couple to withdraw your investment? After a year the couple did get their money returned, but a year, really! If you owed the bank money could you continue to keep your money interest free for a year before deciding to pay it back? Of course not they would nail you instantly. Many including me have lost the faith once held in regards to banks and their bankers.

American’s deserve to be treated with dignity and respect

Don’t settle for this treatment, as members of the freest nation in the world. Stand up for your right to obtain short term loans. The day will come that all will see how crippling the loan industry will then soon cripple America’s economy for good. If one bank treats you bad go on to another. Just never let them bully you out of getting an online payday loan especially if they won’t lend you the money you need. Competition is tough, so the consumer has the upper hand against the banks. They just want you to think that you have no value so they can take full advantage of your money. The revolt has begun so get up get out and go get you a payday loan today!

As long as you borrow responsibly and stay within your means nothing and no one can tell us how or what you can do with the money you have worked so hard for. I will always opt for an online cash advance if I ever need money to deposit, so to avoid paying the bank their excessive fees.

Thanks to Personal Money Market, I can feel confident about never going without the basics again. You can rest easy with this new found knowledge of the power we as American’s still have. Exercise your rights and stand up for what is right even if you’re standing all by yourself. One person at a time and the world will find it’s attitudes a changing. Get your online loan today for whenever you need a hand up and not a hand down.

Start Your Payday Loan Application Here!

Fannie Mae and Freddie Mac are two mortgage giants who have been sick for a while. The government took over some of the costs required for their treatment with a bailout loan of $200 billion each. On Christmas, the Obama administration said that this just wasn’t enough by deciding that Freddie and Fannie needed more, and gave them an unlimited line of credit over the next 3 years. So happy were the administration, that they even allowed Freddie and Fannie to take wage raises of $6 million each based on performances – performances that were non-existent and based on future assumptions. Will the Obama administration say the same about the millions of Americans who are borrowing money to finance a decent meal? Will these people get a line of credit with the same terms as the two giants?

Holiday Announcement

It is indeed ironic that the announcement for the wage increases and unlimited line of credit for the next 3 years should come at a time when the country was looking to spend some time with their families over the holidays. It can even be assumed that this was a Christmas gift to the two giants for not performing. What should be pointed out is that the announcement came at a time when the critics were too busy with holiday preparations. Repercussions for the announcements will soon follow after the holidays are over, but that may be too late for the public to worry about. The damage has been done and any impending retributions will only be swept under the carpet from here on out.

Unnecessary Wage Increases

Even as reports about the losses these mortgage giants faced were published, it was disclosed that they spent over $42 million in executive wages. This was justified by saying that those who received this much money deserved it, but the average person who has lost his job and is facing a foreclosure will not understand their justification, or even excuses from the government. The Kenneth Fienberg commission was appointed to investigate the wages that executives took from the companies who received federal assistance from the government. Banks and financial institutions that had received assistance from the government, but didn’t want to adhere to the commission’s recommendations, simply got out by repaying the money back. That was not the case with Fannie Mae and Freddie Mac, as they got their cake and are having it too.

Full Recovery?

The future is unpredictable, as Fannie Mae’s debts are reported to exceed $200 billion and increasing at last count, which can also be assumed for Freddie Mac. The government will have done a good job if they manage a turnaround of these giants. If not, there will be another period of uncertainty, and the backlash that will follow will be disastrous, affecting all people. More and more people will be looking to borrow money in the aftermath of the backlash, while one hopes that these two get out of the ICU soon.

(Photo Credit: http://www.flickr.com/photos/wwworks/ / CC BY 2.0)

Want to feel the pulse of the economy? Consider a career as an investment analyst. (Photo: Wikipedia.org)

Investment banking analysts are the professional financial consultants who carefully examine corporate balance sheets and keep their finger on what is happening across the economy. They analyze the prices of the materials a business uses in its products, the level of demands for these goods, the impact of taxation, how the company pays back its creditors and a range of other factors that are affecting, or seem likely to have an impact on that business’s profitability. The information they gather, the experience they accumulate and the intuition they develop enable them to recommend the best investments for their clients.

Investment Analysts are not Magicians

Although there is clearly a strong relationship between the skills of the analyst and the success of your investments, it is important to remember that there are always going to be unpredictable factors that can ruin the best calculations. For example, unexpected outbreaks of conflict or natural disasters can lead to steep rises in the costs of raw materials from affected areas and this in turn influences the fortunes of corporations marketing these materials or using them in their products.

The Current Economic Crisis Places a Premium on Caution

The collapse of banks and major businesses in the current world crisis provides us with a sharp reminder of the need for organizations and individuals to exercise extreme caution while investing their funds. If in the past reliance could be placed on the good name of well-established financial institutions, the solidity of these famous commercial houses can no longer be taken for granted. The complexities of international markets and the challenges of discovering the real risk and likely profit in a specific investment make it foolhardy to venture far without consulting reliable investment specialists.

Great care is also required in finding investment banking analysts worthy of your trust. While the vast majority of investment specialists are surely upright people who try their best to advance their clients’ interests, the amounts of money involved and the gambling element in investment decisions unfortunately attracts some people of dubious integrity who give a bad name to the profession.

A High-Paying Job

The earnings of senior investment banking analysts in the USA can reach over $2,000,000 per year at the top of the hierarchy; entry level positions deliver as much as $60,000 in basic salaries with bonuses more than doubling this sum. By way of comparison, in the UK salaries are a little more modest. There is an entry wage of $48,000, but with experience this salary can triple and bonuses more than double earnings to $400,000 per year or more.

Although the financial rewards of the job sound generous, it should be born in mind that bonuses become scarce in periods of recession, and that many new recruits to the business find themselves having to work in their first year as many as fifteen hours a day. It is often a high pressure job without time off for holidays, and so it is certainly not everyone’s dream occupation. If you believe you have good analytical and mathematical skills with an eye for detail, this might well be a good career to consider. However, if you lack the stamina to take the pressure or you place a high value on free time to spend with your family, think twice.