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Showing posts from May, 2012

The Only Man in the World Who Knows What Really Went Wrong at JPMorgan Chase

If you were following Nasser's blog and have missed his commentaries, I just posted a conversation with him on my blog. Thought you might want to know.

How to Get Mobile Home Insurance

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Buying a mobile home is an affordable way to become a home owner. For many people it is the only way they can buy a home, because of the low initial cost. But like any home, a mobile home needs to be adequately insured before you move in. Following are a few tips on how to get mobile home insurance.
Determine Your Needs
Before you go searching for an insurance policy for your mobile home, you should determine exactly what your home insurance needs are. If you also own the land the mobile home is on, then your insurance policy will have to include coverage on the property. The insurance you carry will be comparable to a homeowner’s policy for a site-built home. You will need to be covered for loss from storm damage, liability against injury, theft, and fire. Your policy will also have to include any other buildings on the property, such as a garage or shed.
Coverage for Contents
You will also have to buy coverage for the contents of your mobile home. There are two basic ways you can do tha…

Life Insurance Tips for Seniors

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Having a life insurance policy in place is important. Everyone needs to be covered, if for no other reason than to pay your final expenses. Even if you don’t have any loved ones to provide for, you don’t want to leave anyone with the burden of paying for a funeral or any other bills you may have. It used to be extremely hard for older people to buy a life insurance policy. They cost an arm and a leg--if you could find coverage at all. Nowadays it’s a bit easier. Following are a few life insurance tips for seniors.
Reevaluate Your Policy
If you already have a life insurance policy in place, you may want to take another look at it to make sure it still fits your needs. If you took out a term life insurance policy when you were just starting out in the workforce, you more than likely made sure the policy would supply adequate coverage for your growing family. They are probably out on their own now, and no longer need your help, so it would be a good idea to restructure your life insurance …

JPMorgan and the House of Spin

Wow, talk about ironic biteback.

JPMorgan, with golden boy Jamie Dimon at the helm, has apparently lost $2 billion on bad credit derivative bets.

What's most revealing is how Dimon is furiously spinning the activities of the unit that screwed up. They were doing nothing more than hedging. Not proprietary trading, but hedging. Nothing to see here, just a few hedges that went bad, cough cough, move along people.

H-E-D-G-I-N-G.

(Insert eyeroll.)

So Dimon shows us how the banks have recast prop trading. Meanwhile, that silence you hear is the sharp knives going quiet in the next room, as those regulators and others busily gutting the carcass of the Volcker Rule pause in their labors, wondering what happens now.

Should be interesting.

Daniel "DJ" Padilla

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Daniel John Ford Padilla 17 y/o Princess and I Growing Up Kathleen Bernardo