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Showing posts with label loans. Show all posts
Showing posts with label loans. Show all posts

Friday, February 17, 2012

Romney: Entrepreneurs Should Just Ask Parents for Money

By David

Republican presidential candidate Mitt Romney suggested to a group of business people in Michigan on Thursday that entrepreneurs should ask their parents for money instead of using loans from the federal government.

In a speech to the Greater Farmington Area Chamber of Commerce, the former Massachusetts governor blasted the Obama administration for trying to jump start renewable energy with government loans to companies like Solyndra.

"When the president says I'm going to take your money and give it to Tesla and Fisker, two new car companies, which by the way, Fisker now builds their cars in Finland, that's not good," he explained. "When he takes $500 million and puts it into Solyndra, that's not good. That's not good for American enterprise and innovation."  READ MORE

 

Wednesday, February 1, 2012

Mortgage Giant Places Bets Against Homeowners by Chris Arnold




January 30, 2012
NPR and ProPublica have found that Freddie Mac, the giant government-owned mortgage company, has been placing financial bets against homeowners. Specifically, Freddie Mac has made targeted investments that pay off if homeowners are unable to refinance their mortgages. At the same time, Freddie has been making it harder for many homeowners to get new loans.

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