This is going to be my shortest post ever.
In March of 2009, Bloomberg.com wrote up quite the interview with the descendant of a man who made a lot of money during the South Sea Bubble almost 400 years ago, and who now is the same family’s head of the bank founded in 1762.
Nearly three years later, mega-banks continue to have their credit ratings downgraded. Mr. Hoare has some trenchant observations about failing banks and the keys to the safety of his bank.
Also, if you read carefully, you may be interested in the firm for which the second outside commentator works- or, rather, worked. Survivorship bias (not!)…
Click HERE for a most enjoyable short report.
Mr Bean, the owner of Bean Bank, is also an astute banker…
If you are one of the millions of people across North America with bad credit, you may be unaware that there are ways to fix your credit score. A bad credit rating does not automatically improve over time as one might think. In order to fix your credit rating, you must use credit and consistently make payments on time. You will of course have difficulty being approved for credit cards and unsecured loans, due to your poor credit score, but if you have collateral, you can be approved for a secured loan. One such loan is a car-title loan.