GLG News by Sub-Prime Lending Experts

Automakers, auto dealers and suppliers are trying to adjust to an annual auto sales rate (SAAR) not seen in a quarter century: fewer than 11 million units.

While the Detroit Three automakers are pleading with the federal government for help in the midst of the worst automotive sales year in a quarter century, the public auto dealers are experiencing some significant problems also. Is the concept going to survive?

Retailers are pursuing multiple avenues to try to pressure the card associations into reducing interchange.  Interchange remains the paradigm of revenue for card issuers, the basis for card associations to assess fees, and the funding driver for new payment products and rewards programs. ...

Peter Mandelson, the UK Business Secretary, added to the pressure on lenders to pass on the Bank of England's expected base rate cut to homeowners, saying that that banks who did not would face a customer backlash. Henry M. Paulson Jr., the US Treasury Secretary plans to call for the Federal Reserve...

This is NOT Jim Cramer bashing! However, let's look at the man's and his employers disclosure! Personally I do enjoy the CNBC educators/entertainers/reporters especially those that have some action in the game, and I firmly believe if the viewer is tempered correctly, and takes this information with...

For too many decades the US Auto Industry has presented its share of troubles to the employees, contractors, investors and customers of Automobiles. The US government recognizes the extreme hardship to the US workers and economy of failing auto enterprizes and desires some variation of a bailout

The wholesale and retail used car markets in October were horrible, adding to the woes of domestic auto makers.

President-elect owes Big Labor a bone for its enormous support in getting him elected and Labor wants enactment of the Employee Free Choice Act more than any other political favor.  The odds would seem to favor Labor, but in turn would spell disaster for the business community.  For the first...

Public anger against banks, coupled with merchant anger against bankcard issuers, will force the Obama Administration and Congress to consider legislation to resolve the merchand-card industry impasse on how, if at all, interchange fees should be calculated.  While policy makers on the one...

Seems that still today (11/5/2008) that various US financial stock market reporting data indicates symbol RBS (Royal Bk Scotland Group Plc) has a per share price value of USD $1.08 and dividend yield of such an unbelievable nature as well as n/a (as of 12:19 PM EST on 11/05/2008 in USD - NYSE). Investors...