That there was no attempt to
solve the debt problem which was the core of the thing, that it misrepresented the debt problem as a liquidity problem and that it simply was to bail out Mr. Paulson's friends who are of course the same people who contribute to the Democratic campaigns.
Not exact matches
As well as formal solvency solutions, there are many different options
which can be explored to
solve debt problems.
In effect, European leaders have announced «We have agreed to
solve our
debt problem, leveraging money we do not have, to create a fund,
which will then borrow several times that amount, in order to buy enormous amounts of new
debt that we will need to issue.»
Economies are supposed to «
solve» their
debt problem simply by succumbing to austerity,
which is presented as the solution to the
problem rather than a sign of having entered the financially moribund stage.
Third and finally, the traditional story misses the real function of private banks,
which is to solve an information problem in the purest Hayekian senses. That is, banks are or should be specialists in risk assessment and risk taking. They should know their client, understand the local market and have their pulse on the broad economy. Arguably, if properly structured, they can and should do this better than other entities such as governments. In other words, the proper role of banks should be underwriting — lend money, hold the debt, and bear the risk. Which is a long - winded way of getting to the main point of this
which is to
solve an information
problem in the purest Hayekian senses. That is, banks are or should be specialists in risk assessment and risk taking. They should know their client, understand the local market and have their pulse on the broad economy. Arguably, if properly structured, they can and should do this better than other entities such as governments. In other words, the proper role of banks should be underwriting — lend money, hold the
debt, and bear the risk.Â
Which is a long - winded way of getting to the main point of this
Which is a long - winded way of getting to the main point of this post.
According to U.S. News and World Report,
debt consolidation is a poor choice primarily because consumers think they've addressed the issue and fail to
solve the underlying
problem,
which is financial mismanagement.
But that lump sum of money is plowed into existing
debt which solves a plethora of
problems.
Sadly, lowering the maximum a payday lender can charge will not
solve the underlying
problem,
which is too much other
debt.
The purpose of seeking the assistance of a bankruptcy trustee is to
solve a
debt problem — not to make things worse
which is what can happen if you are rushed into a decision, or choose the wrong trustee to deal with your
debts.
Always keep in mind when dealing with services like
debt relief that many customer view it as a magic pill to
solve all their
debt problems,
which is not the case.
One way of knowing if you have found your
debt consolidation company is when both of you have identified what is needed to address the
problem, you both agreed on the time frame to
solve it and most importantly, choosing
which debt consolidation program works best for you.
Those options may include bankruptcy as well as bankruptcy alternatives; however, we always perform a thorough consultation prior to discussing your alternatives and advising
which alternative is best to
solve your
debt problem.
The best solution happens when you know what resources are available to apply to the
problem, the frame you have to
solve it and then deciding
which debt consolidation program works within those parameters.
For the Real Estate Investor this is going to be the ease with
which you can help the seller
solve their
problem and / or
debt relief.