Proposed $700 Billion Bailout
Is Too Little, Too Late to End Debt Crisis;
Too Much, Too Soon for U.S. Bond Markets
Weiss Research Submits Policy
Recommendations to Congress Today
JUPITER, FL, September 24, 2008 — The proposal before Congress for a $700 billion
financial industry bailout will not only fail to end the massive U.S. debt crisis
but could actually aggravate the […]

All hell is about to break loose on Wall Street
and Around The Globe…

Lehman has warned that new accounting rules will force
Fannie Mae and Freddie Mac to raise a staggering
$75 billion in new capital to offset loan losses.
That means both must release a blizzard of new stock
to raise that money.
Investors, faced with a glut of […]

Forgive me. I’m a day late in getting out Lesson 2.
Here in New York City, the weather hit 100 degrees
and I decided to beat the heat by going to the beach.
That freedom of doing what one wants when one wants
is the basis for becoming an entrepreneur. It gives you
something as equally important as money, that […]

I went to see the movie Iron Man yesterday with my 19 year old son.
I’ll express my opinion in a minute but before I do,
here is an email I received from John Alanis:
Hey guys,
When I was a kid I was a comic book fan. Not a nut, not a
collector, just a fan. I […]

I saw Donald Trump over the weekend - up close and personal.
It was at the Learning Annex here in New York City at the
Jacob Javits Center (which Donald Trump developed).
I sat up front so I could get a good look.
Trump actually looks better in person than he does on TV.
And he gives one hell of […]

Question:
I have four Visa credit cards. Three of them have a
balance of about $200 bucks each and one Visa card has
a balance of $3,500. All the interest rates are about the same.
I came into a little windfall and have $1,500. to apply to
my cards. Which would make more sense. Apply the total
$1,500 to the […]

Question:
I’m engaged to be married in the next six months.
My credit rating is good, but my fiancé’s credit is really bad.
How will that affect my credit?
When we do get married, how will her poor credit affect our ability
to purchase a home and get a mortgage?
Can creditors come after me for her debts?
Answer:
Fortunately for you, your […]

Question:
I am thinking of going to a credit counseling program to consolidate my debt.
I have been making my minimum payments on time so far. My credit is still good,
but the bills have gotten out of control and I won’t be able to keep it up much longer.

How will a credit counseling program affect my credit?
Answer:
You’ve […]

New York Attorney General Andrew M. Cuomo’s office has signed
settlements with major universities.
The terms of the settlements require schools to adopt a new landmark
College Code of Conduct governing arrangements with student loan
lenders as well as reimburse students money that was paid to the schools
by lenders for loan business.
According to a press release from Cuomo’s office, […]

I graduated from Howard University a couple decades ago.
I don’t remember who spoke at my graduation ceremony.
But this year 2007, Howard University’s 139th graduating class
will probably never forget who spoke at their graduation ceremony.
Oprah Winfrey was the commencement orator.
Oprah Winfrey has long believed that education is the door to freedom.
The actress, talk show host, and […]