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15Apr/090

Blogger Takes on Goldman Sachs

Here's an interesting battle between Mike Morgan, a blogger I follow, and Goldman. He's taken a pretty harsh stance toward their tactics and leadership and now he's getting legal threats from them - according to this article, they've hired a firm to try and shut him down. Unlike my battle with ShopToEarn via cease and desist letters, where I backed off a bit for varying reasons (but note my 2009 Shop To Earn Update is generating plenty of controversy), this guy's not backing down. Check out what he has to say at GoldmanSachs666.


What do you think, is he on to something?

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RECORD LOWS on Mortgage/Refi Rates - Compare your Savings and get Free Quotes: Mortgage Calculator

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Blogger Takes on Goldman Sachs

12Apr/090

Everyday Finance, Darwin’s Finance Accepting Guest Posts

After receiving a few requests here and there and posting a few guest posts recently (and doing some myself on other blogs), I wanted to remind readers/bloggers/anyone that wants to rant - that you can feel free to contact me to post an article to let the readers here learn a bit more about you (my other blog, Darwin's Finance has a slightly different tilt to Finance and Investing; we'll work out the appropriate outlet upon discussion of topic). Given the hundreds of RSS/Email readers and 20K+ page views per month within my network, it's a decent way get your brand in front of some new people interested in Finance and Investing.

Only a few requirements:

  • Relevant content (obviously), no MLM schemes, overt advertisements or spammy content. It's all about the readers!
  • Content of roughly the same quality you see here (that's not saying much :>)
  • No links within the article, I'll publish bio and link back to your blog/site at the close
  • The submission must be totally original. By submitting, you are providing your assurance that you are the original author and it has not been published at any other outlet prior to its publication here. Once it goes live here, you agree to wait 1 week to either summarize the guest post or republish as you see fit.

Example Guest Post Here:

Protect Yourself And Your Money During A Recession

Summary of My Recent Guest Post at JohnChow.com:

20% in 3 Weeks...Anyone say Capitulation?

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Everyday Finance, Darwin's Finance Accepting Guest Posts

8Apr/090

4.2% Mortgage Rates on the Horizon Says Study

According to CNBC, economists Bank of America-Merrill Lynch is anticipating 30-year mortgage rates could fall to nearly 4 percent by the end of the 2009. Apparently, they derived this assumption from various models they employ in house coupled with anticipated unemployment data and housing recovery estimates.

Refinance Now or Wait?

This really begs the question as to whether you should Refi Now and get a great rate or wait it out so you're not left with "mortgage envy" when your neighbor has a 4.2% rate and you have 4.625%. Personally, I'm of the camp that rates are so low now that if you have the resources, the credit and the spread from your current rate to justify it, do it now. If you do lock and rates continue to drop, it begs the question as to whether you should break your lock, which is covered here. If you are looking to refi, make sure you consider the Net Present Value of various mortgage options

I also started by getting several quotes on line and using this Mortgage Calculator to at least establish a baseline from various lenders. I'd also started a reader-generated forum of their rate deals for an independent source.

Regarding this prediction by BofA/Merrill, be mindful that these are among the same outfits that engaged in mortgage backed securities deals where the underlying models assumed housing prices would continue to climb at above-inflation annual rates for eternity so homeowners would always be able to pay, which was obviously unrealistic.

Related:

Toll 3.99% Mortgages - What’s the Catch?

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4.2% Mortgage Rates on the Horizon Says Study