Guys lets get more puts on this bitch😂😂😂
The Securities and Exchange Commission has launched an investigation of the trading in shares of Eastman Kodak Co. before and after the news last week of a $765 million government loan to help it make drugs at its U.S. factories, the Wall Street Journal reported Tuesday, citing people familiar with the matter. The loan news caused Kodak's shares to climb to as high as $60, before falling back to $15 on Monday, in massive trading volume. The stock had already moved 25% the day before the news was officially disclosed. Executives with stock options, including some awarded the day before the loan became public, were sitting on big paper gains. Kodak shares were down 1.3% Tuesday, but are up 215% in the year to date, while the S&P 500 has gained 2%.
Ps their earnings are out on friday...🤣🤣 they must have done spectacular (sarcasm) 😂
https://research.tdameritrade.com/grid/public/markets/news/story.asp?docKey=1-DN20200804010106&cid=1... keep reading on reddit ➡
I recently bought a used 2017 Subaru Forester. I love it so far and has all the bells and whistles. It’s my first car purchase and I held out for as long as I could (I’m 29 in a couple days). I put 7500 down on a car that was about 24k. The dealer kept making a big deal about it and asking if I was married to the “huge” down payment and why I wanted to put so much down. Then I was talking with friends and they were shocked as well and now I’m starting to question that decision. My whole reasoning was I wanted a decent car but didn’t want a huge monthly payment or to pay a ton in interest. What are the potential cons from my decision?
Edit - the loan/interest rate was 3.29% over 48 months
My wife and I were going over our new budget and she asked at what point do we move money from our transactional account to savings. And at that point I realized I hadn't checked the student loans in a while and sure enough those payments have to be added back to the budget. I know a lot of people aren't comfortable right now, but just know that they expect those payments whether or not the virus is still here.
I’ve been thinking more and more about this lately, and it is really starting to chap my ass.
Hardworking Americans who pay taxes every single year are treated like shit.... but churches, which pay no taxes, are treated like royalty in comparison.
Taxpaying Americans were handed a puny, one time only check for $1,200. In lots of places, that barely covers rent! In some places, it doesn’t even come close.
Churches, however, were handed tens of billions in taxpayer funded PPP loans that are.... wait for it... forgivable.
Hard working Americans are expected to suffer through this economic crisis with just $1,200... but the churches get to rake in that government cash —- without ever having put a single dime in the pot themselves!
This is fucking absurd.
We the people need to demand that churches pay their fair share — and that they are treated like every other taxpayer. No special perks or privileges.
[link](https://www.newsweek.com/religious-organizations-receive-73-billion... keep reading on reddit ➡
The U.S. International Development Finance Corp. says it is holding up a loan agreement with Eastman Kodak (NYSE:KODK) to produce drugs that could be used to fight the coronavirus until allegations of insider trading are cleared.
"Recent allegations of wrongdoing raise serious concerns," DFC said late Friday in a tweet.
Last month, the government agency signed a letter of intent that could provide the former photography company a $765M loan to help pay for factory changes needed to make pharmaceutical ingredients in short supply in the U.S.
But last week, Democrat U.S. senators asked the SEC to investigate whether insider trading laws had been broken, citing "unusual trading activity" before the deal was announced, and the [SEC... keep reading on reddit ➡
I’ve noticed a lot of sarcastic conversation around the news that the Ayn Rand Institute has received PPP loans. Why is that? What were the views of Ayn Rand that make that headline ironic?
Tweet: https://twitter.com/patfitzgerald23/status/1280217058677084160?s=21 You can see the comments and quote-retweets there.
Looking for some ideas here. My neighbour is in his 50s, was a contractor for 25 years, now works for the city doing inspections because his body can't keep up with the work. I'm 23, recent homeowner and he's been great at helping me with tools I need to borrow. First time I returned his pressure washer with a case of beer and he told me not to get him anything, I'm young and just starting out and he's happy to see his stuff get use again. I just borrowed some jack posts to level and fix my sagging deck which saved me a lot of time and hassle and I can't return them with a 6 pack. Any other ideas on what I can give him?
When I talk to med students, residents, and attendings, they seem to have an extremely rudimentary view of finances. Even those who are a bit more savvy make strange mistakes like saying, "even if you have to take out 300-400K, it's small compared to lifetime earnings." They seem to be entirely naive of net present value, and only have a vague understanding of how early expenses and low salary affect their ability to accumulate wealth and income.
For instance, if you assume a student starts med school with no loans, takes out $400K in loans @ 6%, and then becomes a PCP making $200K (in present day dollars) for the rest of their life, they wind up with a net worth of about $2M (including the worth of their house) at the end of their career. Take that student, change nothing about their lifestyle, and eliminate the loans, and they retire at 65 years old with $7M. In his 50s, that PCP is making an additional $100-200K in interest alone. Both of these are in present day dollars (I... keep reading on reddit ➡
• The Winners have been chosen!! they will have 24 hours to reply otherwise new winners will be chosen!, thank you to everyone who participated!! this giveaway has been amazing and i’ll have more soon!•
i have $11.2 mill bells i am going to be giving away so.... 2 lucky people ($5.6 million bells each) will be loan free with all house upgrades. 1st place will get a bonus stack of NMTs 2nd place will get 2 bonus surprise goodie bags! the only thing you have to do is comment your favorite anime and why 💜 no, avatar the last airbender doesn’t count, if you don’t watch anime tell me your favorite horror film, thank you!💜
(over at 8:00 pm august 12, 2020 US est)
I just bought my parents a new refrigerator and the GEStore offers a loan with no interest as long as it's paid off in the first 12 months. I went with that because why not? Why pay $1700 out of pocket now when I can just pay $144-ish per month for 12 months?
Anyway, I looked at the terms of the loan and the details. It seems like they split your total purchase into 48 monthly payments. Weird. Ok who cares, I'll just do the math myself and make sure it gets paid off within 12 months. Then I saw the interest rate. 29.99%!!! Holy shit!!
I know that won't matter to me because I'll have this thing paid off in 12 months, even sooner if I want to. Really I could pay it off right now if I wanted to, but no reason to while it's interest-free. But that's insane! Someone who is less conscious of these kinds of things or less educated in finance would probably get screwed over by this thing.
Be careful with this kind of stuff!! By default, you often will NOT get the benefit of interest-fr... keep reading on reddit ➡
I’m in my second year of college. I don’t have a lot of money, and none of my family are willing or able to help me pay for my tuition, or my housing.
This has led to me taking out a lot of student loans in able to afford my tuition and fees, and also my housing. the biggest issue is my living expenses. i feel really guilty that i have to take out loans in order to pay my rent, but theres really no other way. I’m not able to get a job due to the fact that most everything in my town is still shut down because of corona, and on top of that i would barely be able to make rent because the property prices in my city are pretty damn high, and i’m living off campus (as it’s considerably less expensive than living in student housing)
i’m wondering if anyone has been in this situation, and what you all think. I know that having tons of debt is a bad idea, but is this justified? i’m trying to prioritize my education and my future, but it’s really difficult when i feel the weight of loans on... keep reading on reddit ➡
I am 30 years old and currently live at home. I finished grad school earlier this year and got a federal job at the end of May. I make about $3600 per month and contribute ~$2-3k towards debt.
As it stands, I have $40,000 left in my student loans with ~$500 minimum payments that I have put on pause since the pandemic began to focus on paying down my credit card debt. I now have $4000 remaining for the cc that I hope to pay off by the end of the month.
My next plan of action was to build up a $10-15k emergency fund by the end of the year, which I feel is imperative during these uncertain times. Hopefully then I can move out afterwards.
It has been really nice being able to focus on other priorities while not having to worry about student loan payments. However, I can't help but feel I may be making a mistake by not paying down the principal while there is still 0% interest.
I guess I'm just looking for feedback on what to prioritize next. Particularly those with student loans tha... keep reading on reddit ➡
Throwaway for obvious reasons.
Me(32) and my girlfriend(29) are living together for a year and going out for two. I make about 1.5 times the amount she makes and split all our bills including rent 60-40. She has a huge student loan in low six digits. So here's the incident. Yesterday, she came up to me and asked why I was not helping pay off her student loan.I asked her whether she wants me to help plan her budget or is she expecting me to help pay of her loan. she said it was the latter. I told her I am not willing to join finances as long as we are not married. But she retorted that I have more than enough in my savings and it's unfair that I am not helping her pay off her student loan. So, I asked her if she was expecting me to take my savings and completely pay off her loan. She nodded and I started laughing uncontrollably. She got upset and has informed most of her friends and they have been calling me an asshole as I am not helping her. I would have been fine if she had asked... keep reading on reddit ➡
Our story begins pretty much the same time as our relationship. I met who would eventually be my wife during our last year in undergrad where we were both majoring in Molecular Biology. I had switched majors from Aerospace Engineering but that's a story for another time.
My wife graduated and began studying for the MCAT a semester before I finished. She spent some time shadowing doctors and didn't find the ones she shadowed to be that happy, lessening the appeal of going through med school. She also feared the debt necessary to fund that education and so decided she'd be more interested in a medical profession that provided more opportunity to change specialties so she decided not to take the exam. Long story short we both entered the labor market in Fall of 2010.
My first job after college was as a research embryologist for a small research lab I found on Craigslist of all places. I had about $23k of debt from underg... keep reading on reddit ➡
I own and operate a trucking company in Finland and I have 2 employees (myself and someone else). I got €25000 from selling used equipment I had that I used but now don’t need.
My gf was really mad when she didn’t get €3000 for her “student loans” (she went to college but payed off her student loans 2 or so years ago). Well I got suspicious because she payed them off 2 years ago. I told her that and she got really mad at me (yelling that I was lying) and said I’m never with her. Here is the conversation
Me: Yeah I can’t be here all the time. I work as a trucker, I can’t be here all the time.
Her: You can and will!
Me: okay so you want to loose this house, our cars, and my income?
Me: than I can’t be here 24/7
Her: Well give me the 3000
Me: It’s my money. Your loans are paid off, car has been payed off. What hasn’t been payed off?
Her: My student loans!
Me: those were payed in 2018
Her: No that’s a lie
Me:If you say so.
I got fed up and I went to my outdoor gar... keep reading on reddit ➡
Using a throwaway because I just want some insight from others.
I went to an expensive, private university and graduated from there a few years ago. My parents really wanted me to go to this school, even though I did not get a lot of scholarship options. I took out the max I could in federal loans and my parents took out loans referred to as "ParentPlus" loans. I never knew the amount they took out or anything like that - it's all in their name and they took care of all of the paperwork. All I knew is that my school was "covered."
During the summer after my junior year, I came out as trans. My parents are extremely religious (and I was attending a Christian university) and they did not take it well at all. I was completely cut off from all financial and emotional support. They took my car and took me off their health insurance despite me having a medical condition that requires daily medication. However, they had already covered my final year of college and there wasn't a way for t... keep reading on reddit ➡
Basically as the title says.
Bought a car in may at enterprise car sales and they were able to secure us a loan through Westlake financial services. (My credit is pretty terrible due to past financial mistakes - working diligently to repair, so please be gentle.)
I paid my June bill on time. Was due on 6/28. Logged in and paid on this day. ACH payment left bank the day after.
I was furloughed from my job due to COVID, and went to call Westlake to ask if we could defer the payment a month until hopefully things are back on track at work.
When I called them, they told me that the dealership paid off the car, and that I should contact them. When I contacted them, they told me that we were good, and that the loan company had sent them the check to pay them for the car.
I call back westlake and after speaking to 4 other people, they told me that the car was paid off, but this time would not explicitly tell me by whom. They also sent me a payoff letter via email per my request stating... keep reading on reddit ➡
Not much info/detail in this article but good to know it's at least being scrutinized. Let them all burn!
> The Securities and Exchange Commission has launched an investigation of the trading in shares of Eastman Kodak Co. before and after the news last week of a $765 million government loan to help it make drugs at its U.S. factories, the Wall Street Journal reported Tuesday, citing people familiar with the matter. The loan news caused Kodak's shares to climb to as high as $60, before falling back to $15 on Monday, in massive trading volume. The stock had already moved 25% the day before the news was officially disclosed. Executives with stock options, including some awarded the day before the loan became public, were sitting on big paper gains. Kodak shares were down 1.3% Tuesday, but are up 215% in the year to date, while the S&P 500 SPX, 0.10% has gained 2%.
https://www.marketwatch.com/story/sec-launches-investigation-of-trading-in-kodak-shares-before-and-after-765-million... keep reading on reddit ➡