Question by Mano R: i am performing mba. i want a project subject on finance. i am going to do my project at spinning mil.?
Very best answer:
Answer by The Gorn King
how about micro loans
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Question by Michael A: When need to I apply for an analyst job at a large investment bank like Goldman Sachs or Lehman Brothers?
I am a recent graduate from the University of Michigan with a dual main in Political Science and Philosophy. I had a GPA of 3.86 general and higher in my two majors. I held a steady job throughout college, operating nearly complete time plus college and, in my senior year, an internship at a regional public defender’s workplace. After college I took a job at a huge DC law firm, but now I am not as sure as I was that law is for me. Portion of what we do here is working with big banks right after hunting at some of that, it genuinely interests me.
I have the operate ethic to survive at a large financial institution, but I need to have to stay right here through the spring. I would like then to move to NY and get a job at a huge bank, but I need to know when I need to apply for those positions. I just bought some books about Wall St. so I can discover far more about the market. I require to study those & enhance my financial expertise ahead of I’d want to go into an interview.
When should I apply? Any other ideas for me? Thnx
Best answer:
Answer by Kerry F
Many of these firms employ seniors in college in the fall who will start off their positions the subsequent summer. However, for individuals who have been in the workforce for even a short period of time, they have a distinct recruiting schedule.
If I were you, I would speak to your college profession center and see if they have any contacts at these firms – if they have recruited at your campus, or if there are alums from your school who perform there, you ought to be in a position to make a get in touch with. If so, it is best to try to get your foot in the door that way rather than blindly applying by means of the website.
That being said, I am in college recruiting, and both Goldman and Lehman have drastically cut their hiring for the year, so it might be tough going for a although…
Ideal of luck to you!
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Query by a bush household member: Considering that The Financial Mess Was Created By Obama And Other Democrat Politicians, Must They Give Up..?
their salaries, and function for cost-free? Like the way they want automakers’ CEOs to do?
1) The final Democrat president designed the housing bubble which is now collapsing. http://www.frbsf.org/publications/economics/letter/2006/el2006-30a.gif (non biased U.S. Federal Reserve web site)
2) Democrats triggered the housing bubble to collapse by lowering customer confidence (adverse campaigning) and by encouraging home builders to overbuild by employing illegal immgrant labor to generate 100% to 400% earnings. ( Democrats blocked huge efforts created by President Bush to fine employers of illegal immigrants.)
3) Clinton ignored a government report that stated bank derivatives had been dangerous to the economy. He also threatened to fine banks that had been not giving loans to poor individuals.
4) Clinton, ACORN, OBama, and Rubin pushed for changing laws to offer a lot more risky loans.
6) Obama and other Democrats voted for weak border handle which decreases wages, increases joblessness, lowers the normal of living, etc.
7) Democrats blocked President Bush’s GSE reform (Fannie Mae and Freddie Mac reform) by filibustering in congress..
8) $ 700 billion was spent to repair Clinton’s bank derivatives issue.
9) Democrats elevated our dependence on foreign oil. That increases gas bills, hurt the economy, decreased national security, and is providing other countries hundreds of billions of dollars yearly. Also, it als financially aids numerous countries which do not have our best interests in mind.
Because 2001, President Bush warned of the issue and put forward plans to fix Fannie Mae and Freddie Mac:
http://www.whitehouse.gov/news/releases/2008/09/20080919-15.html
In 2003, “Spurred by worries that Fannie and Freddie had been cooking their books and taking as well many risks, Treasury Secretary John Snow proposed putting the businesses beneath Treasury oversight with strict controls more than threat and capital reserves. The NYT labeled the proposal “the most substantial regulatory overhaul in the housing finance business because the savings and loan crisis a decade ago””
http://www.usnews.com/blogs/sam-dealey/2008/9/10/barney-franks-fannie-and-freddie-muddle.html
In 1997 Clinton “actively sponsored ” risky home loans :
“”…speedy development in affordable-loan programs and subprime lending…”
“The development in these [specific loan] programs has been actively sponsored by the Clinton administration ”
“The presently robust housing industry is due in part to the initiation of a wide assortment of cost-effective home-loan programs. These programs are intended to advantage low-earnings and minority households and neighborhoods by way of much more versatile underwriting policies. These policies consist of low-downpayment specifications, larger acceptable ratios of debt payment to revenue, the use of option credit history information such as records of payments for rent and utilities, versatile employment standards, and decreased cash reserve needs. The development in these programs has been actively sponsored by the *** Clinton administration *** in a concerted effort to raise home-ownership rates.”
Mortgage Banking [News] – Aug 1, 1997
One particular of Clinton’s Freddie Mac changes:
“Freddie Mac, one particular of the primary government-sponsored enterprises involved in the obtain of mortgages, not too long ago announced plans to enter the secondary marketplace in subprime loans by purchasing substantial numbers of “A minus” subprime mortgages by 1998 and the higher-threat “B and C” loans by 1999.(20) ”
1 of Clinton’s modifications to foreclosure insurance coverage ( that protected banks ).
“On June 6, 1996, President Clinton announced that he had directed FHA to decrease the up-front mortgage insurance premium (UFMIP) for 1st-time homebuyers who obtain housing counseling”
Democrats’ response to President Bush’s reform of Fannie Mae And Freddie Mac.
“These two entities—Fannie Mae and Freddie Mac—are not facing any kind of monetary crisis,” mentioned Representative Barney Frank of Massachusetts, the ranking Democrat on the Economic Services Committee. “The much more men and women exaggerate these troubles, the much more stress there is on these companies, the much less we will see in terms of affordable housing.”
http://www.usnews.com/blogs/sam-dealey/2008/9/10/barney-franks-fannie-and-freddie-muddle.html
Democrat Barney Frank: In April 2004, Fannie announced a multibillion-dollar financial “misstatement” of its own. Mr. Frank was back for the defense. Fannie and Freddie posed no danger to taxpayers, [ Barney Frank ] said, adding that “I consider Wall Street will get over it” if the two collapsed. Yes, they are undoubtedly “over it” on the Street now that Uncle Sam is guaranteeing their Fannie paper, and even Fannie’s subordinated debt.
http://www.wsj.com/write-up/SB122091796187012529.html?mod=article-outset-box
[ Democrat Barney] “Frank was publicly arguing for an increase in the size of their combined $ 1.4 trillion portfolios right up to the day they had been bailed out. Even now, following he’s been proven wrong about a taxpayer guarantee, he opposes Treasury’s planned reduction in the size of the portfolios starting in 2010, according to a quote attributed to him in this newspaper last week. “Great luck on that,” he reportedly said. Mr. Frank’s spokeswoman hung up the phone when we sought confirmation Tuesday” … “For years, Mr. Frank and other pals of Fan and Fred opposed not only bills written to limit the size of their portfolios”
Wall Street Journal.
http://www.wsj.com/post/SB122161010874845645.html?mod=article-outset-box
Ideal answer:
Answer by how is babby formed
Do they want the CEOs to function for cost-free or do they want them to give up their private jets?
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Question by X-Malleus: What specifically is a finance charge, and beneath what situations will I require to spend one?
Fairly a lot specifically what the main query says. I have no thought what a “finance charge” is. For instance, would I be charged a finance charge if I charged a acquire, and then paid the balance instantly?
Any further details that could be offered would be great, as I am contemplating acquiring my first credit card, and want to know every thing I can so that I don’t get myself into trouble.
Greatest answer:
Answer by Kaiden
A “finance charge” is the fee you pay the bank for the comfort of them letting you borrow funds. Some banks calculate your finance charge primarily based upon your typical every day balance inside the month, even though some calculate based on your balance at the time your invoice closes.
When you go about signing up for a credit card, the information will let you know what variety of APR you’ll be acquiring. With it becoming your 1st credit card, you are likely to get an APR about 20%. That means, the interest you will be charged YEARLY is 20%. To uncover what you’d be charged monthly, simply divide it by 12 it would finish up being 1.67% per month.
As an instance, if your balance was $ 100, your finance charge would be $ 1.67. That sounds low-cost, but just keep in mind, it adds up.
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Question by james T: Do we need another FDR to save the Banks?Its official the worst banking crisis since the great depression?
A fews month before FDR was president, every bank in the nation failed.Its unanimous he Reversed the 1933 Banking Crisis.Hes the reason we have the Federal Deposit Insurance Corporation. He openeded Federal reserve banks in 12 cities, created the security exchange commision. The reason we are having problems today is because of Securitization in structured finance he actually created reforms in this but Truman deleted this component of reform.I like Truman, but he wasn’t as savvy about Banks as FDR was.FDR is the greatest president ever not because of war because he saved our banking system with reforms…..
Do we need a new FDR?
Best answer:
Answer by labowu
Are you’re asking do we need a President with intergrity, courage, foresight, and wisdom? Of course we do. They’re just hard to come by.
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Question by Ana: I need help finding a company that still offerst student loans.?
Financial aid didn’t cover my whole tuition and books.
I need help finding a comapany that still offers student loans.
Any suggestions?
Best answer:
Answer by NotAnyoneYouKnow
The news on this front might be improving. Don’t take this as a personal recommendation (one way or the other) about Sallie Mae, but here’s an excerpt from an article that just appeared in the Washington Post this past week:
“Sallie Mae Raises $ 1.5 Billion for Private Loans
Reston-based Sallie Mae has secured $ 1.5 billion worth of financing from investment bank Goldman Sachs for a batch of private student loans, a sign that credit for the frozen student loan markets may be beginning to thaw.
The deal is the first transaction to provide funding for the private student loan market since September 2007, other than a relatively small securitization of $ 124 million, which was sold by the private lender MyRichUncle on July 10, 2008, according to Mark Kantrowitz, the publisher of FinAid.org.
“That’s significant, as a first sign of a thawing of the capital markets,” Kantrowitz said.”
On the other hand – if you’re looking for a list of lenders that are no longer making student loans – you can find that list here:
http://www.nasfaa.org/publications/2008/rsuspensions030408.html
You’ll find a few well-known names there, lenders like Bank of America, Comerica, GMAC, My Rich Uncle, Next Student, and the now-departed Wachovia and Washington Mutual.
Your best bet is to check with the financial aid office at your school – that’s part of what the financial aid officers are paid to keep track of (who’s still making loans available to their students). Another important option is to contact whichever banking institution you (or your parents) have had a long-term relationship with – especially if that institution is a credit union or a regional bank. Some lenders have limited the availability of educational loans strictly to loyal customers, and they’re no longer advertising these products to the general public.
All of that being said, you’re in a for struggle, as you already know. Educational loans are high-risk loan products, and these are exactly the types of loans that nearly every bank is trying to avoid.
Good luck to you.
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