Steadfast Finances

 Banking, Business Trends, Peer to Peer Lending         10 comments

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I ran across this clever, or ghastly if you work in the banking industry, idea from Thomas Power from Ecademy.com.
What if Facebook became a bank?

If you’re a banker, I’d bet the Bank of Walmart idea is looking pretty good about now since the Internet is steadily putting the …

 Banking, Lessons Learned, Peer to Peer Lending         3 comments

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Banking is supposed to be boring. There, I said it.
I’m not a banker, nor will I likely ever be one in the future (unless my P2P lending plan works out supremely well), but as I’ve mentioned several times, banking is all about the boring ol’ 3-6-3 rule.
Bring in deposits …

 Administration, Financial Crisis, Mortgages, Peer to Peer Lending         2 comments

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I’m concerned about the growing number of prime borrowers who are delinquent on their mortgages. According to Wall Street traders and pundits, we still have a decent chance seeing a double bottom on the S&P 500.  If the short term economic outlook involves anything resembling the phrase “prime mortgage …

 Banking, Business Trends, Peer to Peer Lending         7 comments

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Now this is how you run a solid, old fashioned type of bank. CNBC interviewed a small, community bank CEO (Frank Sorrentino) from North Jersey Community Bank today, and if I was ever fortunate enough to run a bank, this is how I would hope to get it done.
The old …

 Administration, Investing 101         1 comment

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Just six short months ago, some were questioning if capitalism had failed us all.  I knew at least a dozen panicked investors who were selling nearly all of their investments — at or near the bottom — fearing the stock market would continue to sink faster than a gangster …