“
God, I love a man who reads
”
”
Tiffany Reisz (Seven Day Loan (The Original Sinners, #0.15))
“
In fact this is precisely the logic on which the Bank of England—the first successful modern central bank—was originally founded. In 1694, a consortium of English bankers made a loan of £1,200,000 to the king. In return they received a royal monopoly on the issuance of banknotes. What this meant in practice was they had the right to advance IOUs for a portion of the money the king now owed them to any inhabitant of the kingdom willing to borrow from them, or willing to deposit their own money in the bank—in effect, to circulate or "monetize" the newly created royal debt. This was a great deal for the bankers (they got to charge the king 8 percent annual interest for the original loan and simultaneously charge interest on the same money to the clients who borrowed it) , but it only worked as long as the original loan remained outstanding. To this day, this loan has never been paid back. It cannot be. If it ever were, the entire monetary system of Great Britain would cease to exist.
”
”
David Graeber (Debt: The First 5,000 Years)
“
Racism is both overt and covert. It takes two, closely related forms: individual whites acting against individual blacks, and acts by the total white community against the black community. We call these individual racism and institutional racism. The first consists of overt acts by individuals, which cause death, injury or the violent destruction of property. This type can be recorded by television cameras; it can frequently be observed in the process of commission. The second type is less overt, far more subtle, less identifiable in terms of specific individuals committing the acts. But it is no less destructive of human life. The second type originates in the operation of established and respected forces in the society, and thus receives far less public condemnation than the first type. When white terrorists bomb a black church and kill five black children, that is an act of individual racism, widely deplored by most segments of the society. But when in that same city - Birmingham, Alabama - five hundred black babies die each year because of the lack of proper food, shelter and medical facilities, and thousands more are destroyed and maimed physically, emotionally and intellectually because of conditions of poverty and discrimination in the black community, that is a function of institutional racism. When a black family moves into a home in a white neighborhood and is stoned, burned or routed out, they are victims of an overt act of individual racism which many people will condemn - at least in words. But it is institutional racism that keeps black people locked in dilapidated slum tenements, subject to the daily prey of exploitative slumlords, merchants, loan sharks and discriminatory real estate agents. The society either pretends it does not know of this latter situation, or is in fact incapable of doing anything meaningful about it.
”
”
Stokely Carmichael (Black Power: The Politics of Liberation)
“
I keep forgetting who I’m dealing with. The Queen of Kink.”
“I’m a trained submissive. More like King’s Consort. I’m not worthy to hold actual rank,” she said with a wink.
“Well, I’m honored to consort with you.”
Eleanor gave him her best wicked grin. “Then consort with me already.
”
”
Tiffany Reisz (Seven Day Loan (The Original Sinners, #0.15))
“
...I know how she must have felt. Pressure to be in charge of the world. So much responsibility. The whole world on her...to let go and just give herself to you, to give up to you..."
"I'm glad you understand...few women do."
"Oh, they do. They're just afraid to admit it... in the dusty dark little corner of every woman's heart... lives the hunger to fetch a powerful man his slippers on her hands and knees.
”
”
Tiffany Reisz (Seven Day Loan (The Original Sinners, #0.15))
“
Male, female, gay, straight, legal, illegal, country of origin—who cares? You can either cook an omelet or you can’t. You can either cook five hundred omelets in three hours—like you said you could, and like the job requires—or you can’t. There’s no lying in the kitchen. The restaurant kitchen may indeed be the last, glorious meritocracy—where anybody with the skills and the heart is welcomed. But if you’re old, or out of shape—or were never really certain about your chosen path in the first place—then you will surely and quickly be removed. Like a large organism’s natural antibodies fighting off an invading strain of bacteria, the life will slowly push you out or kill you off. Thus it is. Thus it shall always be. The ideal progression for a nascent culinary career would be to, first, take a jump straight into the deep end of the pool. Long before student loans and culinary school, take the trouble to find out who you are.
”
”
Anthony Bourdain (Medium Raw: A Bloody Valentine to the World of Food and the People Who Cook)
“
So you,” she said, meeting his eyes, “are a librarian. What does that make me then? A seven-day loan?”
Daniel laughed as he set his book aside. He moved toward her and lightly gripped her knees.
“Seven-day loan… I’m not sure I like the thought of giving you back.” He slid his hands up her thighs and took her by the hips.
“But what about overdue fines?” she asked, playfully flashing her eyes at him.
“I think I can afford them,” he said. Eleanor tried to voice another protest but his mouth was already on hers.
”
”
Tiffany Reisz (Seven Day Loan (The Original Sinners, #0.15))
“
The United States thus achieved what no earlier imperial system had put in place: a flexible form of global exploitation that controlled debtor countries by imposing the Washington Consensus via the IMF and World Bank, while the Treasury bill standard obliged the payments-surplus nations of Europe and East Asia to extend forced loans to the U.S. Government. Against dollar-deficit regions the United States continued to apply the classical economic leverage that Europe and Japan were not able to use against it. Debtor economies were forced to impose economic austerity to block their own industrialization and agricultural modernization. Their designated role was to export raw materials and provide low-priced labor whose wages were denominated in depreciating currencies.
Against dollar-surplus nations the United States was learning to apply a new, unprecedented form of coercion. It dared the rest of the world to call its bluff and plunge the international economy into monetary crisis. That is what would have happened if creditor nations had not channeled their surplus savings to the United States by buying its Government securities.
”
”
Michael Hudson (Super Imperialism: The Origin and Fundamentals of U.S. World Dominance)
“
Without deposit banking modern economies would be impossible. Banks are not only a means of safeguarding money, but also a method of maintaining a constant and energetic flow of capital within a complex economy. Without deposit banking money that is saved is hidden away and removed from the economy—it does nothing except preserve its original worth. Deposit banking, however, allows saved money to be loaned and invested, thereby producing more wealth.
”
”
Thomas F. Madden (Venice: A New History)
“
He’s one of the best storytellers in the history of Nike. My favorite, naturally, is the one about the day we went public. He sat his parents down and told them the news. “What does that mean?” they whispered. “It means your original eight-thousand-dollar loan to Phil is worth $1.6 million.” They looked at each other, looked at Woodell. “I don’t understand,” his mother said. If you can’t trust the company your son works for, who can you trust?
”
”
Phil Knight (Shoe Dog)
“
On its surface, the booming market in side bets on subprime mortgage bonds seemed to be the financial equivalent of fantasy football: a benign, if silly, facsimile of investing. Alas, there was a difference between fantasy football and fantasy finance: When a fantasy football player drafts Peyton Manning to be on his team, he doesn’t create a second Peyton Manning. When Mike Burry bought a credit default swap based on a Long Beach Savings subprime–backed bond, he enabled Goldman Sachs to create another bond identical to the original in every respect but one: There were no actual home loans or home buyers. Only the gains and losses from the side bet on the bonds were real.
”
”
Michael Lewis (The Big Short: Inside the Doomsday Machine)
“
Long Beach Savings was the first existing bank to adopt what was called the “originate and sell” model. This proved such a hit—Wall Street would buy your loans, even if you would not!—that a new company, called B&C mortgage, was founded to do nothing but originate and sell.
”
”
Michael Lewis (The Big Short: Inside the Doomsday Machine)
“
Back in the 1980s, the original stated purpose of the mortgage-backed bond had been to redistribute the risk associated with home mortgage lending. Home mortgage loans could find their way to the bond market investors willing to pay the most for them. The interest rate paid by the homeowner would thus fall. The goal of the innovation, in short, was to make the financial markets more efficient. Now, somehow, the same innovative spirit was being put to the opposite purpose: to hide the risk by complicating it. The market was paying Goldman Sachs bond traders to make the market less efficient.
”
”
Michael Lewis (The Big Short)
“
Even during its earlier good years, when observers spoke of the Ivory Coast's economic "miracle," it was not a completely free-market economy. Even then, its ventures into the kinds of state regulation engaged in more widely by other African nations had not had good results. For example, the availability of "soft" foreign aid loans for centralized government planning of rice production led the Ivory Coast into policies that produced a glut of heavily subsidized rice that taxed the storage capacity of the government, cost the national budget far more than originally planned, and led to consumer prices far above those at which rice was available on the world market.
”
”
Thomas Sowell (Conquests and Cultures: An International History)
“
There are 2 billion people who have no bank accounts at all. There are another 4 billion people who have very limited access to banking. Banking without international currencies, banking without international markets, banking without liquidity. Bitcoin isn’t about the 1 billion. Bitcoin is all about the other 6 1/2. The people who are currently cut off from international banking. What do you think happens when you suddenly are able to turn a simple text-messaging phone in the middle of a rural area in Nigeria, connected to a solar panel, into a bank terminal? Into a Western Union remittance terminal? Into an international loan-origination system? A stock market? An IPO engine? At first, nothing, but give it a few years.
”
”
Andreas M. Antonopoulos (The Internet of Money)
“
From 2000, Fannie and Freddie’s appetite for sub-prime loans increased markedly every year, encouraging a rich harvest of increasingly crazy loans by mortgage originators to supply this appetite. House-builders, lenders, mortgage brokers, Wall Street underwriters, legal firms, housing charities and pressure groups like ACORN all benefited. Taxpayers did not. By the early 2000s, Fannie and Freddie were well intertwined with politicians, donating rich campaign contributions especially to Congressional Democrats, and giving rewarding jobs to politicians – Clinton’s former Budget Director Franklin Raines would pocket $100 million from his brief spell in charge of Fannie. Between 1998 and 2008, Fannie and Freddie spent $175 million lobbying Congress.
”
”
Matt Ridley (The Evolution of Everything: How New Ideas Emerge)
“
This was the engine of doom.” He’d draw a picture of several towers of debt. The first tower was the original subprime loans that had been piled together. At the top of this tower was the triple-A tranche, just below it the double-A tranche, and so on down to the riskiest, triple-B tranche—the bonds Eisman had bet against. The Wall Street firms had taken these triple-B tranches—the worst of the worst—to build yet another tower of bonds: a CDO. A collateralized debt obligation. The reason they’d done this is that the rating agencies, presented with the pile of bonds backed by dubious loans, would pronounce 80 percent of the bonds in it triple-A. These bonds could then be sold to investors—pension funds, insurance companies—which were allowed to invest only in highly rated securities.
”
”
Michael Lewis (The Big Short: Inside the Doomsday Machine)
“
It seems paradoxical that an organization responsible for enforcing the law would frequently rely on illegal practices. The police resolve this tension between nominally lawful ends and illegal means by substituting their own occupational and organizational norms for the legal duties assigned to them. Westley suggests: This process then results in a transfer in property from the state to the colleague group. The means of violence which were originally a property of the state, in loan to its law-enforcement agent, the police, are in a psychological sense confiscated by the police, to be conceived of as a personal property to be used at their discretion. From the officers’ perspective, the center of authority is shifted and the relationship between the state and its agents is reversed. The police become a law unto themselves.
”
”
Kristian Williams (Our Enemies in Blue: Police and Power in America)
“
As Mayor Giuliani began his cleanup of the Times Square area, nobody in power gave any thought to the thousands of “support” people whose survival would be affected when the economic driver of sex was removed from the scene. And the optimistic view that these workers would be forced toward more legitimate work turned out to be puritanical hypocrisy—it was crime itself that gave these men an entrée into the straight world. In time, Santosh began selling laptops of dubious origin, Rajesh started offering small short-term loans, and Azad operated an increasingly successful sideline as a job referral service for undocumented immigrants. Whenever otherwise legitimate employers found themselves in need of some quick off-the-books labor—and they often did, even the hedge fund titans and investment banks down on Wall Street—Azad made it happen for them with one phone call.
”
”
Sudhir Venkatesh (Floating City: A Rogue Sociologist Lost and Found in New York's Underground Economy)
“
What are your terms?” he asked, and he made a final effort to tip the balance of power into her hands and out of his by adding, “I’m scarcely in a position to argue.”
Elizabeth hesitated and then slowly began stating her terms: “I want to be allowed to look after Havenhurst without interference or criticism.”
“Done,” he agreed with alacrity while relief and delight built apace in him.
“And I’d like a stipulated amount set aside for that and given to me once each year. In return, the estate, once I’ve arranged for irrigation, will repay your loan with interest.”
“Agreed,” Ian said smoothly. Elizabeth hesitated, wondering if he could afford it, half-embarrassed that she’d mentioned it without knowing more about his circumstances. He’d said last night that he’d accepted the title but nothing else. “In return,” she amended fairly, “I will endeavor to keep costs at an absolute minimum.”
He grinned. “Never vacillate when you’ve already stipulated your terms and won a concession-it gives your opponent a subtle advantage in the next round.”
Elizabeth’s eyes narrowed suspiciously; he was agreeing to everything, and much too easily. “And I think,” she announced decisively, “I want all this written down, witnessed, and made part of the original agreement.”
Ian’s eyes widened, a wry, admiring smile tugging at his lips as he nodded his consent. There was a roomful of witnesses in the next room, including her uncle, who’d signed the original agreement, and a vicar who could witness it. He decided it was wise to proceed now, when she was in the mood, rather than scruple over who knew about it. “With you as a partner a few years ago,” he joked as he guided her from the room, “God knows how far I might have gone.” Despite his tone and the fact that he’d been on her side during the negotiations, he was nevertheless impressed with the sheer daring of her requests.
”
”
Judith McNaught (Almost Heaven (Sequels, #3))
“
Rather than encouraging a greater understanding of how these disparities came to be or a framework for compassion for fellow Americans, political discourse has usually reinforced prevailing stereotypes of a lazy, inferior group getting undeserved handouts, a scapegoating that makes the formal barriers all the more unjust and the resentments of white working-class citizens all the more tragic. The subordinate caste was shut out of “the trillions of dollars of wealth accumulated through the appreciation of housing assets secured by federally insured loans between 1932 and 1962,” a major source of current-day wealth, wrote the sociologist George Lipsitz. “Yet they find themselves portrayed as privileged beneficiaries of special preferences by the very people who profit from their exploitation and oppression.” Once labor, housing, and schools finally began to open up to the subordinate caste, many working- and middle-class whites began to perceive themselves to be worse off, by comparison, and to report that they experienced more racism than African-Americans, unable to see the inequities that persist, often in their favor.
”
”
Isabel Wilkerson (Caste: The Origins of Our Discontents)
“
The subprime market tapped a segment of the American public that did not typically have anything to do with Wall Street: the tranche between the fifth and the twenty-ninth percentile in their credit ratings. That is, the lenders were making loans to people who were less creditworthy than 71 percent of the population. Which of these poor Americans were likely to jump which way with their finances? How much did their home prices need to fall for their loans to blow up? Which mortgage originators were the most corrupt? Which Wall Street firms were creating the most dishonest mortgage bonds? What kind of people, in which parts of the country, exhibited the highest degree of financial irresponsibility? The default rate in Georgia was five times higher than that in Florida, even though the two states had the same unemployment rate. Why? Indiana had a 25 percent default rate; California, only 5 percent, even though Californians were, on the face of it, far less fiscally responsible. Why? Vinny and Danny flew down to Miami, where they wandered around empty neighborhoods built with subprime loans, and saw with their own eyes how bad things were. “They’d
”
”
Michael Lewis (The Big Short)
“
How to Apologize
Ellen Bass
Cook a large fish—choose one with many bones, a skeleton
you will need skill to expose, maybe the flying
silver carp that's invaded the Great Lakes, tumbling
the others into oblivion. If you don't live
near a lake, you'll have to travel.
Walking is best and shows you mean it,
but you could take a train and let yourself
be soothed by the rocking
on the rails. It's permitted
to receive solace for whatever you did
or didn't do, pitiful, beautiful
human. When my mother was in the hospital,
my daughter and I had to clear out the home
she wouldn't return to. Then she recovered
and asked, incredulous,
How could you have thrown out all my shoes?
So you'll need a boat. You could rent or buy,
but, for the sake of repairing the world,
build your own. Thin strips
of Western red cedar are perfect,
but don't cut a tree. There'll be
a demolished barn or downed trunk
if you venture further.
And someone will have a mill.
And someone will loan you tools.
The perfume of sawdust and the curls
that fall from your plane
will sweeten the hours. Each night
we dream thirty-six billion dreams. In one night
we could dream back everything lost.
So grill the pale flesh.
Unharness yourself from your weary stories.
Then carry the oily, succulent fish to the one you hurt.
There is much to fear as a creature
caught in time, but this
is safe. You need no defense. This
is just another way to know
you are alive.
“How to Apologize” originally appeared in The New Yorker (March 15, 2021).
”
”
Ellen Bass
“
The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” George Bernard Shaw On a cool fall evening in 2008, four students set out to revolutionize an industry. Buried in loans, they had lost and broken eyeglasses and were outraged at how much it cost to replace them. One of them had been wearing the same damaged pair for five years: He was using a paper clip to bind the frames together. Even after his prescription changed twice, he refused to pay for pricey new lenses. Luxottica, the 800-pound gorilla of the industry, controlled more than 80 percent of the eyewear market. To make glasses more affordable, the students would need to topple a giant. Having recently watched Zappos transform footwear by selling shoes online, they wondered if they could do the same with eyewear. When they casually mentioned their idea to friends, time and again they were blasted with scorching criticism. No one would ever buy glasses over the internet, their friends insisted. People had to try them on first. Sure, Zappos had pulled the concept off with shoes, but there was a reason it hadn’t happened with eyewear. “If this were a good idea,” they heard repeatedly, “someone would have done it already.” None of the students had a background in e-commerce and technology, let alone in retail, fashion, or apparel. Despite being told their idea was crazy, they walked away from lucrative job offers to start a company. They would sell eyeglasses that normally cost $500 in a store for $95 online, donating a pair to someone in the developing world with every purchase. The business depended on a functioning website. Without one, it would be impossible for customers to view or buy their products. After scrambling to pull a website together, they finally managed to get it online at 4 A.M. on the day before the launch in February 2010. They called the company Warby Parker, combining the names of two characters created by the novelist Jack Kerouac, who inspired them to break free from the shackles of social pressure and embark on their adventure. They admired his rebellious spirit, infusing it into their culture. And it paid off. The students expected to sell a pair or two of glasses per day. But when GQ called them “the Netflix of eyewear,” they hit their target for the entire first year in less than a month, selling out so fast that they had to put twenty thousand customers on a waiting list. It took them nine months to stock enough inventory to meet the demand. Fast forward to 2015, when Fast Company released a list of the world’s most innovative companies. Warby Parker didn’t just make the list—they came in first. The three previous winners were creative giants Google, Nike, and Apple, all with over fifty thousand employees. Warby Parker’s scrappy startup, a new kid on the block, had a staff of just five hundred. In the span of five years, the four friends built one of the most fashionable brands on the planet and donated over a million pairs of glasses to people in need. The company cleared $100 million in annual revenues and was valued at over $1 billion. Back in 2009, one of the founders pitched the company to me, offering me the chance to invest in Warby Parker. I declined. It was the worst financial decision I’ve ever made, and I needed to understand where I went wrong.
”
”
Adam M. Grant (Originals: How Non-Conformists Move the World)
“
Creating banking monopolies and giving loans to politicians is good business for politicians, if they can get away with it. It is not particularly good for the citizens, however.
”
”
Daron Acemoğlu (Why Nations Fail: The Origins of Power, Prosperity, and Poverty)
“
In 2005 two thirds of the mortgages contained in Lehman’s issuance of $133 billion in MBS/CDO were sourced from its own subprime loan originators. A top Wall Street name was scraping the very bottom of the credit barrel.
”
”
Adam Tooze (Crashed: How a Decade of Financial Crises Changed the World)
“
All of his conclusions in life had been reached through the things he had experienced, seen, or felt, before he could think them out. “Herr Hans Alt suffers from incurable empiricism,” had been another of Freud's sarcastic remarks. This tendency had reached an acute stage in the time of Hans's utter loneliness. To think that human beings should suffer the things he had suffered and seen others suffer; that the chalked-up inscription on troop trains, originally destined for cattle, “Ten Horses and Forty Men,” wiped out the difference between man and animal, he had had to see with his own eyes in order to draw his conclusions about it; that killing was not murder and a crime, as he had been brought up to believe, but heroism, he would not have thought credible had he himself not been required to aim and shoot at unknown men.
When he had the incontrovertible proof that all this was done not for his country but against it, he went through a crisis. His faith in authority, which had been hammered into his very marrow by school and home, had been shaken that morning in the violet meadow. Nevertheless, it remained. His school, his father, his Emperor still had right on their side. But now their unrighteousness cried aloud to heaven, so that his faith in authority was dumb. Every one had been shamelessly betrayed. The sons who came back as despised beggars or, worse still, didn't come back and became names on tiny churchyard crosses or numbers in prison camps. The mothers who had given those sons. The fathers who had given all their money for war loans. The last trace of regard for anything that might go by the name of respectability vanished. Everything was criminally false that had been said, taught, required by authority for ages past.
”
”
Ernst Lothar (The Vienna Melody)
“
Page 44:
A Chinese immigrant arriving in Bangkok is assured of ready assistance from his dialect group, and this help is offered without question by people who speak his own language and know his needs. Through them, he is put in contact with relatives or persons from his own village in China. They see that he is housed and given work. Later the association stands always ready to give help when needed—to offer advice on sending remittances to China, to provide interpreters when dealing with officials, and to intercede when the immigrant runs afoul of the government’s red tape. Like the prototype institutions of China, the dialect association provides educational and medical facilities—more elaborate in fact than anything available in the rude villages of South China, and a continuing system of protective services in times of crisis or misfortune. In Thailand the individual Chinese who needs a loan, a job, or help of any kind will ordinarily appeal to his relatives first as he would in China. When these are unable to help, he can usually get assistance from his dialect association. While the type of problem brought to the attention of the dialect association may differ from problems faced in China, the fact remains that the association stands ready to help the individual Chinese in precisely the same manner and with the same spirit as he would expect from his clan group in China. Furthermore, just as everyone with the same surname and family origin was considered a member of the clan in China and therefore entitled to assistance from other members, so in Thailand all persons of a certain dialect groups are considered ipso facto members of the dialect association and thereby entitled to its full assistance.
”
”
Richard J. Coughlin (Double Identity: The Chinese in Modern Thailand)
“
The subordinate caste was shut out of “the trillions of dollars of wealth accumulated through the appreciation of housing assets secured by federally insured loans between 1932 and 1962,” a major source of current-day wealth, wrote the sociologist George Lipsitz. “Yet they find themselves portrayed as privileged beneficiaries of special preferences by the very people who profit from their exploitation and oppression.
”
”
Isabel Wilkerson (Caste: The Origins of Our Discontents)
“
Best Real Estate Advertisement Alternative Network-7Search PPC
”
”
Real Estate Institute (Pass the Mortgage Loan Originator Test: A Study Guide for the NMLS SAFE Exam)
“
The panic of 2007–2009 had hit Western Europe hard. Following the Lehman shock, many European countries experienced output declines and job losses similar to those in the United States. Many Europeans, especially politicians, had blamed Anglo-American “cowboy capitalism” for their predicament. (At international meetings, Tim and I never denied the United States’ responsibility for the original crisis, although the European banks that eagerly bought securitized subprime loans were hardly blameless.) This new European crisis, however, was almost entirely homegrown. Fundamentally, it arose because of a mismatch in European monetary and fiscal arrangements. Sixteen countries, in 2010, shared a common currency, the euro, but each—within ill-enforced limits—pursued separate tax and spending policies. The adoption of the euro was a grand experiment, part of a broader move, started in the 1950s, toward greater economic integration. By drawing member states closer economically, Europe’s leaders hoped not only to promote growth but also to increase political unity, which they saw as a necessary antidote to a long history of intra-European warfare, including two catastrophic world wars. Perhaps, they hoped, Germans, Italians, and Portuguese would someday think of themselves as citizens of Europe first and citizens of their home country second.
”
”
Ben S. Bernanke (The Courage to Act: A Memoir of a Crisis and Its Aftermath)
“
The first sin, which took the form of a mathematized rhetoric, lulled authorities and academics into a false belief that financial innovation had engineered risk out of the system; that the new instruments allowed a new form of debt with the properties of quicksilver. Once loans were originated, they were then sliced up into tiny pieces, blended together in packages that contained different degrees of risk,3 and sold all over the globe. By thus
”
”
Yanis Varoufakis (The Global Minotaur: America, Europe and the Future of the Global Economy (Economic Controversies))
“
Its prime cause was the rise and fall of ‘securitized lending’, which allowed banks to originate loans but then repackage and sell them on. And that was only possible because the rise of banks was followed by the ascent of the second great pillar of the modern financial system: the bond market.
”
”
Niall Ferguson (The Ascent of Money: A Financial History of the World: 10th Anniversary Edition)
“
At First Choice Loan Services, a Dallas mortgage bank Frank Jesse, senior loan originator, is one of the top lenders in the Greater Dallas area and can help you understand the rules and regulations of purchasing a home.
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”
”
Frank Jesse
“
Main Benefits of Federal Student Loans
Following are the Benefits of Federal student loan as per our CEO, Bruce Mesnekoff.
You can get federal loans without a credit history.
You can get federal loans without a co-signer.
Federal loans offer lower interest rates than private loans.
You can postpone federal loan payments for up to three years.
The government pays the interest on deferred subsidized federal loans.
You can choose from seven federal student loan repayment plans.
Federal loans offer forgiveness opportunities.
It takes longer for federal loans to go into default.
You can consolidate federal loans without having good credit.
Your federal loans will be canceled if you die.
Federal Student Loans Are Flexible.
With good Records Student can Get Incentives or Waiving of origination fees.
No penalties or fees for early repayment.
For Any kind of Student Loan consolidation or consulting you can contact The Student Loan Help Center.
”
”
The Student Loan Help Center
“
When a loan officer complains about “inventory” or “their clients losing out on offers,” a humble suggestion. Hand the loan officer Census data and a mirror.
Why build a home loan origination platform as a mortgage lender to service only a small fraction of the market - I.e.: new home construction - comparing sales of newly-built homes to sales of existing homes (resales)?
Three answers.
1. Lower inventory = lower commission checks for loan officers, 2. Financing what the market actually needs is usually a good idea for salespeople, 3. Less competition - the loan officer’s job will not succumb to automation.
”
”
Ted Ihde
“
America"
Loans
Interest rates
Endless advertisements
Usury and deception
Countless heavy bodies filled with fear
Migrant, refugee, and illegal bodies
that came escaping America’s oppression in their own countries…
America
Depression, anxiety, and pain relief pills
A political, media, and institutional matrix of power
ran by one lobby…
Credit cards
Bankruptcy
Debts
Drugs
The homeless
Racism
Weapons
Strict security measures
Suffocating any attempt for any meaningful change
under the pretext of the homeland security…
America
Sanctions imposed on this country and that,
Internal psychological sanctions imposed
on a majority of the naïve who believe themselves to be free…
America
Tasteless fruit, vegetables, meats, eggs, and cheeses,
injected with hormones, sprayed with pesticides
and many other carcinogenic substances…
America
Houses that look beautiful from the outside,
inhabited by people who are mostly
lonely, going through psychological or nervous breakdowns,
or perhaps wrestling with depression or hysteria,
the luckiest of them are on daily pills to help them
adapt to the psychological and spiritual death
surrounding them from all sides…
America
Fruitless trees and scentless flowers,
as if as a punishment or a curse from heaven
upon those who stole the land from its native people,
after erasing most of them…
America
Bills
Sad letters in the mail,
mostly from companies and advertisers
wishing you a delightful day and great consumption,
encouraging you to solve your problems with more consumption,
and reminding you that you may die abruptly
of loneliness or the toxins that you consume,
and therefore, you must seriously consider
purchasing your casket and the plot
under which you will be buried…
[Original poem published in Arabic on August 27, 2024 at ahewar.org]
”
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Louis Yako
“
What are you trying to buy? Asset type? Size? Price? To determine the answer to the first question, do the following: Start with your own net worth. Add in friends and family. The total team net worth is your starting point. Choose a market. Consider travel time and expense. You must be able to be in your market to look at deals at least once a month. Determine the viability of your market. Job growth? Population growth? Get deal flow from the market. Real estate agents Find all commercial realty companies in the city. Get on all their mailing lists. Analyze deals online from realtors in the area. Call the realtors about their listings. Direct to owners Get lists of owners. Create a system to reach owners directly. Mail Text Cold calling Analyze deals. Income approach Income – Expenses = Net operating income Net operating income – Debt service = Cash flow Check with lenders for current terms on debt. What is the CoC return? Cap rate? Debt ratio? Comparable data Check the analyzed cap rate against cap rates in the area for similar properties. Check comparable sale prices. Comps should be close in size and age to the subject property. Comps should have similar amenities. Comps should be within a few miles of the subject property. Exit Hold and operate. Refinance. Sell or flip. Consider upcoming market conditions. Debt Check with lenders or a mortgage broker to determine the availability of loans for this type of property. What are the terms and conditions? Is this the information you used to analyze the deal originally? Make the offer. Use an LOI to submit the offer in writing. The LOI will summarize the main deal points. If your offer is less than 15 percent of the asking price, speak with the realtor before you submit the offer. Once the offer is accepted, send the LOI to your attorney and have them draft the purchase agreement. Draft the purchase and sale agreement. Now that you have a fully executed contract, the clock starts. Earnest money goes into escrow. Do your due diligence. Financial inspection Physical inspection Lease audit Begin your loan application. The lender will complete three inspections. Appraisal Environmental inspection Physical engineer inspection of the buildings Do your closing. The lender will wire the loan proceeds to the closing escrow. Wire your down payment funds to the closing escrow. You own a new property! Engage property management for takeover of operations.
”
”
Bill Ham (Real Estate Raw: A step-by-step instruction manual to building a real estate portfolio from start to finish)
“
The king paid Athens a massive surety to persuade them to loan him the original manuscripts
”
”
Adrian Goldsworthy (Antony and Cleopatra)
“
Prehistoric peoples probably charged interest on loans of corn and livestock. The association between interest and the fruit of a loan is embedded in ancient languages. Across the ancient world the etymologies of interest derive from the offspring of livestock. The Sumerian word for interest, mas, signifies a kid goat (or lamb).2 The ancient Egyptian equivalent ms means to give birth.3 In ancient Greek interest is tokos, a calf. Among the several Hebrew words for interest are marbit and tarbit, meaning to increase and multiply. The Latin for interest, foenus, connotes fertility, and for money, pecunia, is derived from pecus, a flock. Our word capital comes from caput, a head of cattle. These derivations, claim Sydney Homer and Richard Sylla, imply that interest originated with loans of seeds and of animals. These were loans for productive purposes. The seeds yielded an increase. At harvest time the seed could conveniently be returned with interest. Some part or all of the animal’s progeny could be returned with the animal. We shall never know but we can surmise that the concept of interest in its modern sense arose from just such productive loans.
”
”
Edward Chancellor (The Price of Time: The Real Story of Interest)
“
Sortis specialize in solving problems through short-term real estate collateralized lending. We originate through our private originator, SORFI, LLC. Whether you need a bridge loan because you are short on capital, need quick funding, do not yet qualify for a bank loan, need development or rehab funds, or have some other issue that requires short term capital, we are there to understand the complexities of your situation and provide quick funding.
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Loan Originating has been Miguel's passions for over 15 years. He uses his analytical skills, attention to detail and passion for helping others to guide his clients through each phase of the mortgage process. He attributes his success to high ethical principles, having a plan and willingness to constantly make adjustments along the way. He sees obstacles as an opportunity to demonstrate his value. Miguel specializes in home loans, mortgage and refinancing. On his free time, Miguel loves spending time with his family and always makes their happiness a priority. From making memories on family trips to volunteering at his daughters' scholastic and sporting events; family comes first. NMLS #223313 CalBre# 01844476
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Miguel Rubio Mortgage
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successors was not the ransacking of popular imagination but the meticulous checks put in place that enabled one of the greatest empires in history to flourish for centuries to come. It was no coincidence, then, that Russian came to include a broad range of loan words, drawn directly from the vocabulary relating to Mongol administration—and particularly those to do with trade and communication: words for profit (barysh), money (dengi) and the treasury (kazna) all originated from contact with the new masters from the east. So too did the postal system in Russia, based on the Mongol method of delivering messages quickly and efficiently from one side of the empire to another through a network of relay stations.
”
”
Peter Frankopan (The Silk Roads: A New History of the World)
“
Examples of publicly traded commercial mREITs include: • Jernigan Capital (JCAP), which specializes in self-storage facilities and has a 6.62 percent yield • Apollo Commercial Real Estate Finance (ARI), which holds commercial real estate debt and has a yield of 9.86 percent • Blackstone Mortgage Trust (BXMT), which originates loans backed by commercial properties in the US and Europe and has a yield of 7.15 percent
”
”
Michele Cagan (Real Estate Investing 101: From Finding Properties and Securing Mortgage Terms to REITs and Flipping Houses, an Essential Primer on How to Make Money with Real Estate (Adams 101 Series))
“
By the beginning of August, a rumor was flying that Chatham Phenix was not going to develop the site, as originally planned, but had found prospective developers who would. The link between the site and the developers was the Metropolitan Life Insurance Company, which had made the loan to Brown. As a Met Life board member, Al Smith had been intimate with the details of the loan to Brown and recognized the desirability of the property,
”
”
John Tauranac (The Empire State Building: The Making of a Landmark)
“
A Good Start in Financial History You really can’t learn enough financial history. The following, listed in descending order of importance, are landmarks in the field. Edward Chancellor. Devil Take the Hindmost. New York: Farrar, Straus, and Giroux, 1999. What manias look like; how to recognize—and hopefully avoid—irrational exuberance. Benjamin Roth. The Great Depression: A Diary. New York: PublicAffairs, 2009. What the bottoms look like; how to keep your courage and your cash up. Roger G. Ibbotson and Gary P. Brinson. Global Investing. New York: McGraw-Hill, 1993. Five hundred years of hard and fiat money, inflation, and security returns in a small, easy-to-read package. Adam Fergusson. When Money Dies. New York: PublicAffairs, 2010; Frederick Taylor. The Downfall of Money. New York: Bloomsbury Press, 2013. What real inflation looks like. Be afraid, very afraid. Benjamin Graham. Security Analysis. New York: McGraw-Hill, 1996. You’re not a pro until you’ve read Graham “in the original”—the first edition, published in 1934. An authentic copy in decent condition will run you at least a grand. Fortunately, McGraw-Hill brought out a facsimile reprint in 1996. Charles Mackay. Extraordinary Popular Delusions and the Madness of Crowds. Petersfield, U.K.: Harriman House Ltd., 2003. If you were smitten with Devil Take the Hindmost, you’ll love this nineteenth-century look at earlier manias. Sydney Homer and Richard Sylla. A History of Interest Rates, 4th ed. Hoboken, NJ: John Wiley & Sons, 2005. Loan markets from 35th-century B.C. Sumer to the present.
”
”
William J. Bernstein (Rational Expectations: Asset Allocation for Investing Adults (Investing for Adults Book 4))
“
Because the private sector originated subprime loans without any official government backing, many like to blame capitalism, or more specifically Wall Street greed, for the problem. But take the Fed and Fannie and Freddie out of the picture, and subprime would have been a trivial part of the mortgage market.
”
”
Peter Schiff (The Real Crash: America's Coming Bankruptcy: How to Save Yourself and Your Country)
“
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A Social Security Number (SSN) is essential for U. S. citizens and residents. It is crucial for accessing various services and benefits. Secure an SSN to streamline financial and legal processes.
Social Security Numbers (SSNs) are vital in the United States. These nine-digit numbers have a significant impact on a person’s life. Understanding their importance can help you navigate various aspects of personal and financial activities.
What Is An Ssn Number?
An SSN is a unique identifier assigned to U. S. Citizens and residents. Here’s why it’s essential:
• Unique Identifier: It distinguishes individuals for social security and tax purposes.
• Required for Employment: Employers use it for payroll and tax reporting.
• Financial Transactions: Banks and financial institutions need it to open accounts or approve loans.
• Government Services: Used to access social security benefits and other government programs.
History Of Ssn Numbers
The concept of SSNs dates back to the 1930s. Initially, it was created for a very specific purpose.
• Origin: Introduced in 1936 for tracking earnings and benefits.
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Social Security Numbers (SSNs) are unique identifiers issued by the United States government. They play a crucial role in various aspects of life, such as employment, taxation, and accessing government services. Obtaining an SSN legally involves a straightforward application process through the Social Security Administration (SSA).
Attempting to buy SSN, however, is not only unlawful but also poses significant risks, including identity theft and fraud. Individuals must always follow legal procedures to acquire an SSN. Protecting personal information and adhering to legal standards is essential for maintaining security and integrity. Always consult official channels for accurate guidance on obtaining an SSN.
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Introduction To Ssn Numbers And Their Importance
A Social Security Number (SSN) is essential for U. S. citizens and residents. It is crucial for accessing various services and benefits. Secure an SSN to streamline financial and legal processes.
Social Security Numbers (SSNs) are vital in the United States. These nine-digit numbers have a significant impact on a person’s life. Understanding their importance can help you navigate various aspects of personal and financial activities.
What Is An Ssn Number?
An SSN is a unique identifier assigned to U. S. Citizens and residents. Here’s why it’s essential:
• Unique Identifier: It distinguishes individuals for social security and tax purposes.
• Required for Employment: Employers use it for payroll and tax reporting.
• Financial Transactions: Banks and financial institutions need it to open accounts or approve loans.
• Government Services: Used to access social security benefits and other government programs.
History Of Ssn Numbers
The concept of SSNs dates back to the 1930s. Initially, it was created for a very specific purpose.
• Origin: Introduced in 1936 for tracking earnings and benefits.
• Expansion: Over time, it evolved to serve broader identification purposes.
• Modern Use: Now, it’s essential for nearly all financial and legal activities.
How Ssn Numbers Are Assigned
Understanding the assignment process helps demystify the significance of these numbers.
SSNs are assigned based on specific criteria:
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Introduction To Ssn Numbers And Their Importance
A Social Security Number (SSN) is essential for U. S. citizens and residents. It is crucial for accessing various services and benefits. Secure an SSN to streamline financial and legal processes.
Social Security Numbers (SSNs) are vital in the United States. These nine-digit numbers have a significant impact on a person’s life. Understanding their importance can help you navigate various aspects of personal and financial activities.
What Is An Ssn Number?
An SSN is a unique identifier assigned to U. S. Citizens and residents. Here’s why it’s essential:
• Unique Identifier: It distinguishes individuals for social security and tax purposes.
• Required for Employment: Employers use it for payroll and tax reporting.
• Financial Transactions: Banks and financial institutions need it to open accounts or approve loans.
• Government Services: Used to access social security benefits and other government programs.
History Of Ssn Numbers
The concept of SSNs dates back to the 1930s. Initially, it was created for a very specific purpose.
• Origin: Introduced in 1936 for tracking earnings and benefits.
• Expansion: Over time, it evolved to serve broader identification purposes.
• Modern Use: Now, it’s essential for nearly all financial and legal activities.
How Ssn Numbers Are Assigned
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Lack of originality has always, everywhere, in the whole world, from time immemorial, been considered the primary quality and finest recommendation of the efficient, businesslike and practical man, and at least ninety-nine per cent of men (at the very least) have always shared this view, while only one per cent has viewed, and continues to view, the matter differently.
At the beginning of their careers (and very often at the end of them, too), inventors and geniuses have always been considered in society as not much more than fools - that is really a most routine observation, all too familiar to everyone. If, for example, for scores of years everyone put their money into a loan bank, depositing billions there at four per cent interest, then, of course, when the loan bank folded and everyone was left to act on their own initiative, the greater part of those billions would be bound to perish in the stock-market fever and the hands of swindlers - and this would even be demanded by decency and decorum. Precisely by decorum; if decorous shyness and a decent lack of originality have until now constituted for us, according to generally received opinion, the inalienable qualities of the businesslike and respectable man, it would be most indecorous and even indecent to so suddenly change it all. What mother, for example, tenderly loving her child, would not be dismayed and sick with fear if her son or daughter were to go off the rails by even the smallest of margins: ‘No, let him be happy and live comfortably, without originality,’ thinks every mother, as she rocks her child. And our nurses, as they rock their children, have wailed and intoned from time immemorial: ‘One day you’ll walk about in gold, the rank of general you’ll hold!’ Thus, even among our nurses the rank of general was considered the acme of Russian happiness and has therefore been the most popular national ideal of peaceful, radiant bliss. And indeed, having passed the examination and served for thirty-five years - which of us would not be able to become generals and amass a certain amount in a loan bank? In this way the Russian, almost without any effort, has at last attained the designation of a businesslike and practical man.
”
”
Fyodor Dostoevsky, The Idiot
“
Wachovia Bank Foreclosures: Understanding the Process and What You Need to Know
Wachovia Bank, once a prominent financial institution in the United States, was known for offering various financial services, including mortgage lending. However, like many other banks, Wachovia faced its challenges during the 2008 financial crisis, and its mortgage operations were affected. Many individuals found themselves facing foreclosure on loans held by Wachovia. Understanding the foreclosure process associated with Wachovia Bank and how it impacts homeowners can help individuals navigate this difficult situation.
What Is Foreclosure?
Foreclosure is the legal process by which a lender, such as Wachovia Bank, takes possession of a property from the homeowner who has defaulted on their mortgage payments. The process begins after the homeowner misses several payments, and the lender attempts to recover the outstanding loan balance by selling the property. In many cases, foreclosure results in the homeowner losing their property.
The Wachovia Bank Foreclosure Process
Although Wachovia Bank no longer operates under its original name (having been acquired by Wells Fargo in 2008), the foreclosure process involving Wachovia loans follows similar steps to those of other financial institutions. Here’s an overview of how the foreclosure process typically works:
Missed Payments and Default
Foreclosure begins when a homeowner misses several mortgage payments. Typically, the lender will send reminders and notices of default. If payments are not made within the stipulated time frame (usually after 90 days), the lender initiates formal foreclosure proceedings.
Notice of Default
After a homeowner defaults on their mortgage, the lender will send a Notice of Default (NOD). This notice serves as an official warning that the lender intends to foreclose on the property unless the homeowner can bring the mortgage payments up to date.
Pre-Foreclosure and Auction
If the homeowner does not resolve the arrears or reach an agreement with Wachovia (or Wells Fargo, as the case may be), the lender may initiate a foreclosure auction. This is when the property is put up for sale to recover the outstanding loan balance. The auction typically occurs at the county courthouse or through an online platform.
Post-Foreclosure Sale
If no buyer comes forward at the foreclosure auction, the property may become "bank-owned" or "REO" (Real Estate Owned) by Wells Fargo. In this situation, the bank will attempt to sell the property on the open market, often at a discounted price, to recover the debt.
Potential Consequences of Wachovia Bank Foreclosures
Loss of Property
The most obvious consequence of foreclosure is the loss of the property. Homeowners will have to vacate the home and may be forced into temporary housing or an apartment.
Credit Score Impact
Foreclosure can significantly damage a homeowner's credit score, making it more difficult to secure future loans or obtain favorable interest rates.
Deficiency Judgment
In some cases, if the foreclosure sale does not cover the full mortgage balance, the lender may pursue a deficiency judgment against the homeowner for the remaining amount owed. However, laws regarding deficiency judgments vary by state.
Options for Homeowners Facing Foreclosure
While foreclosure may seem inevitable, homeowners with a loan serviced by Wachovia (now under Wells Fargo) have several options to avoid foreclosure:
Loan Modification
Homeowners can work with the lender to modify the terms of the loan, such as reducing the interest rate or extending the loan term. This may make the payments more affordable.
Short Sale
A short sale occurs when the homeowner sells the property for less than the mortgage balance with the lender's approval. This can help avoid foreclosure while minimizing the financial damage.
”
”
Rajesh Talwar
“
Investment banking practices promoted a surge of predatory lending to originate loans and created a market for buying bonds based on them.
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”
Karen Ho (Liquidated: An Ethnography of Wall Street)
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Introduction To Ssn Numbers And Their Importance
A Social Security Number (SSN) is essential for U. S. citizens and residents. It is crucial for accessing various services and benefits. Secure an SSN to streamline financial and legal processes.
Social Security Numbers (SSNs) are vital in the United States. These nine-digit numbers have a significant impact on a person’s life. Understanding their importance can help you navigate various aspects of personal and financial activities.
What Is An Ssn Number?
An SSN is a unique identifier assigned to U. S. Citizens and residents. Here’s why it’s essential:
• Unique Identifier: It distinguishes individuals for social security and tax purposes.
• Required for Employment: Employers use it for payroll and tax reporting.
• Financial Transactions: Banks and financial institutions need it to open accounts or approve loans.
• Government Services: Used to access social security benefits and other government programs.
History Of Ssn Numbers
The concept of SSNs dates back to the 1930s. Initially, it was created for a very specific purpose.
• Origin: Introduced in 1936 for tracking earnings and benefits.
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Social Security Numbers (SSNs) are unique identifiers issued by the United States government. They play a crucial role in various aspects of life, such as employment, taxation, and accessing government services. Obtaining an SSN legally involves a straightforward application process through the Social Security Administration (SSA).
Attempting to buy SSN, however, is not only unlawful but also poses significant risks, including identity theft and fraud. Individuals must always follow legal procedures to acquire an SSN. Protecting personal information and adhering to legal standards is essential for maintaining security and integrity. Always consult official channels for accurate guidance on obtaining an SSN.
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Skype: EGSMM
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Introduction To Ssn Numbers And Their Importance
A Social Security Number (SSN) is essential for U. S. citizens and residents. It is crucial for accessing various services and benefits. Secure an SSN to streamline financial and legal processes.
Social Security Numbers (SSNs) are vital in the United States. These nine-digit numbers have a significant impact on a person’s life. Understanding their importance can help you navigate various aspects of personal and financial activities.
What Is An Ssn Number?
An SSN is a unique identifier assigned to U. S. Citizens and residents. Here’s why it’s essential:
• Unique Identifier: It distinguishes individuals for social security and tax purposes.
• Required for Employment: Employers use it for payroll and tax reporting.
• Financial Transactions: Banks and financial institutions need it to open accounts or approve loans.
• Government Services: Used to access social security benefits and other government programs.
History Of Ssn Numbers
The concept of SSNs dates back to the 1930s. Initially, it was created for a very specific purpose.
• Origin: Introduced in 1936 for tracking earnings and benefits.
• Expansion: Over time, it evolved to serve broader identification purposes.
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Best Place to Buy SSN Number
Buy SSN Number is the easy way to get real valid details from whole country.
Social Security Numbers (SSNs) are unique identifiers issued by the United States government. They play a crucial role in various aspects of life, such as employment, taxation, and accessing government services. Obtaining an SSN legally involves a straightforward application process through the Social Security Administration (SSA).
Attempting to buy SSN, however, is not only unlawful but also poses significant risks, including identity theft and fraud. Individuals must always follow legal procedures to acquire an SSN. Protecting personal information and adhering to legal standards is essential for maintaining security and integrity. Always consult official channels for accurate guidance on obtaining an SSN.
Contact Us for more Information’s:
Skype: EGSMM
Telegram: @Egsmmofficial
WhatsApp: +1 (747) 315-9408
Email: egsmm24@gmail.com
Introduction To Ssn Numbers And Their Importance
A Social Security Number (SSN) is essential for U. S. citizens and residents. It is crucial for accessing various services and benefits. Secure an SSN to streamline financial and legal processes.
Social Security Numbers (SSNs) are vital in the United States. These nine-digit numbers have a significant impact on a person’s life. Understanding their importance can help you navigate various aspects of personal and financial activities.
What Is An Ssn Number?
An SSN is a unique identifier assigned to U. S. Citizens and residents. Here’s why it’s essential:
• Unique Identifier: It distinguishes individuals for social security and tax purposes.
• Required for Employment: Employers use it for payroll and tax reporting.
• Financial Transactions: Banks and financial institutions need it to open accounts or approve loans.
• Government Services: Used to access social security benefits and other government programs.
History Of Ssn Numbers
The concept of SSNs dates back to the 1930s. Initially, it was created for a very specific purpose.
• Origin: Introduced in 1936 for tracking earnings and benefits.
• Expansion: Over time, it evolved to serve broader identification purposes.
• Modern Use: Now, it’s essential for nearly all financial and legal activities.
How Ssn Numbers Are Assigned
Understanding the assignment process helps demystify the significance of these numbers.
SSNs are assigned based on specific criteria:
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An SSN is a unique identifier assigned to U. S. Citizens and residents. Here’s why it’s essential:
• Unique Identifier: It distinguishes individuals for social security and tax purposes.
• Required for Employment: Employers use it for payroll and tax reporting.
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• Government Services: Used to access social security benefits and other government programs.
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The concept of SSNs dates back to the 1930s. Initially, it was created for a very specific purpose.
• Origin: Introduced in 1936 for tracking earnings and benefits.
• Expansion: Over time, it evolved to serve broader identification purposes.
• Modern Use: Now, it’s essential for nearly all financial and legal activities.
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A Social Security Number (SSN) is essential for U. S. citizens and residents. It is crucial for accessing various services and benefits. Secure an SSN to streamline financial and legal processes.
Social Security Numbers (SSNs) are vital in the United States. These nine-digit numbers have a significant impact on a person’s life. Understanding their importance can help you navigate various aspects of personal and financial activities.
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An SSN is a unique identifier assigned to U. S. Citizens and residents. Here’s why it’s essential:
Unique Identifier: It distinguishes individuals for social security and tax purposes.
Required for Employment: Employers use it for payroll and tax reporting.
Financial Transactions: Banks and financial institutions need it to open accounts or approve loans.
Government Services: Used to access social security benefits and other government programs.
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The concept of SSNs dates back to the 1930s. Initially, it was created for a very specific purpose.
Origin: Introduced in 1936 for tracking earnings and benefits.
Expansion: Over time, it evolved to serve broader identification purposes.
Modern Use: Now, it’s essential for nearly all financial and legal activities.
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Understanding the assignment process helps demystify the significance of these numbers.
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A Social Security Number (SSN) is essential for U. S. citizens and residents. It is crucial for accessing various services and benefits. Secure an SSN to streamline financial and legal processes.
Social Security Numbers (SSNs) are vital in the United States. These nine-digit numbers have a significant impact on a person’s life. Understanding their importance can help you navigate various aspects of personal and financial activities.
What Is An Ssn Number?
An SSN is a unique identifier assigned to U. S. Citizens and residents. Here’s why it’s essential:
• Unique Identifier: It distinguishes individuals for social security and tax purposes.
• Required for Employment: Employers use it for payroll and tax reporting.
• Financial Transactions: Banks and financial institutions need it to open accounts or approve loans.
• Government Services: Used to access social security benefits and other government programs.
History Of Ssn Numbers
The concept of SSNs dates back to the 1930s. Initially, it was created for a very specific purpose.
• Origin: Introduced in 1936 for tracking earnings and benefits.
• Expansion: Over time, it evolved to serve broader identification purposes.
• Modern Use: Now, it’s essential for nearly all financial and legal activities.
How Ssn Numbers Are Assigned
Understanding the assignment process helps demystify the significance of these numbers.
SSNs are assigned based on specific criteria:
• Area Numbers: The first three digits represent the geographical region.
• Group Numbers: The middle two digits serve as a secondary identifier.
• Serial Numbers: The last four digits are unique to each individual.
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Social Security Numbers (SSNs) are unique identifiers issued by the United States government. They play a crucial role in various aspects of life, such as employment, taxation, and accessing government services. Obtaining an SSN legally involves a straightforward application process through the Social Security Administration (SSA).
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Introduction To Ssn Numbers And Their Importance
A Social Security Number (SSN) is essential for U. S. citizens and residents. It is crucial for accessing various services and benefits. Secure an SSN to streamline financial and legal processes.
Social Security Numbers (SSNs) are vital in the United States. These nine-digit numbers have a significant impact on a person’s life. Understanding their importance can help you navigate various aspects of personal and financial activities.
What Is An Ssn Number?
An SSN is a unique identifier assigned to U. S. Citizens and residents. Here’s why it’s essential:
Unique Identifier: It distinguishes individuals for social security and tax purposes.
Required for Employment: Employers use it for payroll and tax reporting.
Financial Transactions: Banks and financial institutions need it to open accounts or approve loans.
Government Services: Used to access social security benefits and other government programs.
History Of Ssn Numbers
The concept of SSNs dates back to the 1930s. Initially, it was created for a very specific purpose.
Origin: Introduced in 1936 for tracking earnings and benefits.
Expansion: Over time, it evolved to serve broader identification purposes.
Modern Use: Now, it’s essential for nearly all financial and legal activities.
How Ssn Numbers Are Assigned
Understanding the assignment process helps demystify the significance of these numbers.
SSNs are assigned based on specific criteria:
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A Social Security Number (SSN) is essential for U. S. citizens and residents. It is crucial for accessing various services and benefits. Secure an SSN to streamline financial and legal processes.
Social Security Numbers (SSNs) are vital in the United States. These nine-digit numbers have a significant impact on a person’s life. Understanding their importance can help you navigate various aspects of personal and financial activities.
What Is An Ssn Number?
An SSN is a unique identifier assigned to U. S. Citizens and residents. Here’s why it’s essential:
• Unique Identifier: It distinguishes individuals for social security and tax purposes.
• Required for Employment: Employers use it for payroll and tax reporting.
• Financial Transactions: Banks and financial institutions need it to open accounts or approve loans.
• Government Services: Used to access social security benefits and other government programs.
History Of Ssn Numbers
The concept of SSNs dates back to the 1930s. Initially, it was created for a very specific purpose.
• Origin: Introduced in 1936 for tracking earnings and benefits.
• Expansion: Over time, it evolved to serve broader identification purposes.
• Modern Use: Now, it’s essential for nearly all financial and legal activities.
How Ssn Numbers Are Assigned
Understanding the assignment process helps demystify the significance of these numbers.
SSNs are assigned based on specific criteria:
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In today’s computerized age, the significance of having a Social Security Number (SSN) cannot be exaggerated. It serves as a one of a kind identifier that permits people to get to different benefits and administrations. Whether you require an SSN for work, opening a bank account, or applying for government help programs, having one is basic.
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What is an SSN Number and how does it work?
SSN stands for Social Security Number, and it is a interesting nine-digit distinguishing proof number alloted to people in the Joined together States. It serves as a implies of following and distinguishing citizens for different purposes.
The essential work of an SSN number is to encourage government administrations such as social security benefits, assess recording, and business confirmation. It permits bosses to report compensation precisely and guarantees that people get their legitimate benefits when they resign or gotten to be disabled.
An SSN number plays a significant part in money related teach. Banks frequently require this data for opening accounts, and issuing credit cards or credits. It makes a difference build up your validity as a reliable borrower and gives loan specialists with vital foundation data. So, let’s purchase SSN numbers online nowadays.
Why do I need to use SSN Numbers?
A Social Security Number (SSN) is a nine-digit number that makes a difference to distinguish somebody in the Joined together States. Having an SSN can rearrange authoritative forms such as getting driver’s licenses or applying for identifications. Numerous
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Buy Social Security Number (SSN)
When it comes to securing a legitimate Social Security Number, Egsmm.com stands out as the premier destination for those looking to buy SSN number with confidence. This trusted platform not only guarantees real and valid USA personal social security numbers but also prioritizes customer satisfaction and privacy. Navigating through the complexities of obtaining an SSN can be daunting, but Egsmm.com simplifies the process by providing a seamless experience backed by exceptional support.
Whether you need an SSN for employment verification or other essential purposes, their extensive database is designed to meet your needs efficiently and securely. With user-friendly access, transparent transactions, and a commitment to authenticity, buying an SSN number has never been easier than at Egsmm.com—your go-to source for reliable identity solutions in today’s digital age.
Contact Us for more Information’s:
Skype: EGSMM
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Best Place to Buy SSN Number
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Social Security Numbers (SSNs) are unique identifiers issued by the United States government. They play a crucial role in various aspects of life, such as employment, taxation, and accessing government services. Obtaining an SSN legally involves a straightforward application process through the Social Security Administration (SSA).
Attempting to buy SSN, however, is not only unlawful but also poses significant risks, including identity theft and fraud. Individuals must always follow legal procedures to acquire an SSN. Protecting personal information and adhering to legal standards is essential for maintaining security and integrity. Always consult official channels for accurate guidance on obtaining an SSN.
Introduction To Ssn Numbers And Their Importance
A Social Security Number (SSN) is essential for U. S. citizens and residents. It is crucial for accessing various services and benefits. Secure an SSN to streamline financial and legal processes.
Social Security Numbers (SSNs) are vital in the United States. These nine-digit numbers have a significant impact on a person’s life. Understanding their importance can help you navigate various aspects of personal and financial activities.
What Is An Ssn Number?
An SSN is a unique identifier assigned to U. S. Citizens and residents. Here’s why it’s essential:
• Unique Identifier: It distinguishes individuals for social security and tax purposes.
• Required for Employment: Employers use it for payroll and tax reporting.
• Financial Transactions: Banks and financial institutions need it to open accounts or approve loans.
• Government Services: Used to access social security benefits and other government programs.
History Of Ssn Numbers
The concept of SSNs dates back to the 1930s. Initially, it was created for a very specific purpose.
• Origin: Introduced in 1936 for tracking earnings and benefits.
• Expansion: Over time, it evolved to serve broader identification purposes.
• Modern Use: Now, it’s essential for nearly all financial and legal activities.
How Ssn Numbers Are Assigned
Understanding the assignment process helps demystify the significance of these numbers.
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Buy Social Security Number (SSN) is a unique nine-digit identification number issued by the Social Security Administration (SSA) to individuals residing in the United States. It serves as a vital tool in various aspects of daily life. SSN numbers play a critical role in identity verification, allowing individuals to gain access to various services and benefits. The primary purpose of an SSN is to track individuals’ lifetime earnings and work history, making it essential for accurate tax reporting and determining eligibility for Social Security benefits upon retirement. Regarding identity access, an SSN is often required as part of the application process for jobs, opening bank accounts, obtaining credit cards, applying for loans, and accessing government services. It acts as a unique identifier, helping to establish and verify an individual’s identity. It’s important to safeguard your SSN and only share it when necessary to prevent identity theft and unauthorized access to personal information.
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Buy SSN numbers is a sensitive matter that requires careful consideration. Before proceeding, it’s important to be aware of the legality, risks, and precautions associated with this purchase.
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Buy SSN numbers is considered illegal and can result in severe legal repercussions. Governments and law enforcement agencies actively investigate and prosecute those involved in such transactions. Engaging in such activities is a violation of privacy laws and could lead to charges, fines, and even imprisonment.
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Attempting to buy SSN number can expose you to significant risks. Illegitimate sellers often have malicious intent and may use the obtained information for identity theft or other fraudulent activities. Your personal and financial security could be compromised if you engage in such a transaction.
Utilizing SSN Number for Enhanced Identity Access
The SSN Number serves as a vital tool for securing financial transactions, accessing restricted services, and expanding opportunities. With an SSN Number, individuals can confidently engage in various financial activities, ensuring secure and trustworthy transactions. By linking your SSN Number to your financial accounts, you add an extra layer of protection against potential fraud and identity theft. Moreover, the SSN Number allows for easy access to restricted services such as healthcare and government benefits, enabling individuals to receive the essential support they deserve. It serves as a unique identifier, granting individuals the opportunity to prove their eligibility and gain access to various resources conveniently. Additionally, the SSN Number opens up a multitude of opportunities by establishing a verifiable identity. Whether it’s applying for employment, educational programs, or securing loans, having an SSN Number significantly enhances your chances of success. It acts as a key that unlocks doors to countless possibilities and paves the way for personal and professional growth.
Are you looking to buy SSN numbers? So you have come to the right place. Buy Social Security Number (SSN) is a nine-digit number issued by the United States government to all US citizens and eligible US citizens who apply for one. The government uses this number to track lifetime earnings and years of work.
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Buy Social Security Number (SSN)
When it comes to securing a legitimate Social Security Number, Egsmm.com stands out as the premier destination for those looking to buy SSN number with confidence. This trusted platform not only guarantees real and valid USA personal social security numbers but also prioritizes customer satisfaction and privacy. Navigating through the complexities of obtaining an SSN can be daunting, but Egsmm.com simplifies the process by providing a seamless experience backed by exceptional support.
Whether you need an SSN for employment verification or other essential purposes, their extensive database is designed to meet your needs efficiently and securely. With user-friendly access, transparent transactions, and a commitment to authenticity, buying an SSN number has never been easier than at Egsmm.com—your go-to source for reliable identity solutions in today’s digital age.
Contact Us for more Information’s:
Skype: EGSMM
Telegram: @Egsmmofficial
WhatsApp: +1 (747) 315-9408
Email: egsmm24@gmail.com
Best Place to Buy SSN Number
Buy SSN Number is the easy way to get real valid details from whole country.
Social Security Numbers (SSNs) are unique identifiers issued by the United States government. They play a crucial role in various aspects of life, such as employment, taxation, and accessing government services. Obtaining an SSN legally involves a straightforward application process through the Social Security Administration (SSA).
Attempting to buy SSN, however, is not only unlawful but also poses significant risks, including identity theft and fraud. Individuals must always follow legal procedures to acquire an SSN. Protecting personal information and adhering to legal standards is essential for maintaining security and integrity. Always consult official channels for accurate guidance on obtaining an SSN.
Introduction To Ssn Numbers And Their Importance
A Social Security Number (SSN) is essential for U. S. citizens and residents. It is crucial for accessing various services and benefits. Secure an SSN to streamline financial and legal processes.
Social Security Numbers (SSNs) are vital in the United States. These nine-digit numbers have a significant impact on a person’s life. Understanding their importance can help you navigate various aspects of personal and financial activities.
What Is An Ssn Number?
An SSN is a unique identifier assigned to U. S. Citizens and residents. Here’s why it’s essential:
• Unique Identifier: It distinguishes individuals for social security and tax purposes.
• Required for Employment: Employers use it for payroll and tax reporting.
• Financial Transactions: Banks and financial institutions need it to open accounts or approve loans.
• Government Services: Used to access social security benefits and other government programs.
History Of Ssn Numbers
The concept of SSNs dates back to the 1930s. Initially, it was created for a very specific purpose.
• Origin: Introduced in 1936 for tracking earnings and benefits.
• Expansion: Over time, it evolved to serve broader identification purposes.
• Modern Use: Now, it’s essential for nearly all financial and legal activities.
How Ssn Numbers Are Assigned
Understanding the assignment process helps demystify the significance of these numbers.
SSNs are assigned based on specific criteria:
• Area Numbers: The first three digits represent the geographical region.
• Group Numbers: The middle two digits serve as a secondary identifier.
• Serial Numbers: The last four digits are unique to each individual.
The Importance Of Ssn Numbers
SSNs play a crucial role in various aspects of daily life.
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