Archive for the ‘business ethics’ category

NACA is the real deal

July 26, 2009

The Neighborhood Assistance Corporation of America (“NACA”) is a non-profit, community advocacy and homeownership organization. NACA’s primary goal is to build strong, healthy neighborhoods in urban and rural areas nationwide through affordable homeownership. NACA has made the dream of homeownership a reality for thousands of working people by counseling them honestly and effectively, enabling even those with poor credit to purchase a home or refinance a predatory loan with far better terms than those provided even in the prime market.

The paragraph that you just read comes directly from the website.  I was blessed enough to attend the “Save The Dream Tour” in Chicago, at the McCormick Place,  on Saturday, July 25, 2009.  I say blessed because I was able to meet directly with my mortgage company, Citimortgage, and work out a plan to lower my interest rate to a level that I can afford.  We have to get a final approval from FHA, which actually owns my mortgage, but the entire process was very informative, organized, and well worth the six hours that I spent there.  Yes, I said six hours, but I’m sure that was only because I attended on Saturday morning which was probably the busiest time of the event.  Special thanks to my mom for telling me about the event after hearing about it on WVON-AM.

I am sharing this news with you because so many people asked me after I attended if it was worth going to.  YES!  I encourage you to check out the NACA website and allow them to help you too.


AIG Paid $218M in Bonuses, More Than $165M Disclosed

March 22, 2009

Connecticut’s attorney general says documents turned over to his office by American International Group Inc. shows the company paid out $218 million in bonuses, higher than the $165 million previously disclosed

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AIG chairman says retention payments distasteful

March 18, 2009

WASHINGTON – The chairman and CEO of American International Group acknowledged Wednesday to congressional interrogators that some of the insurance giant’s executive bonuses are “distasteful.”

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Funeral Funds Come Up Short In Illinois

February 28, 2009

Thousands of Illinois families thought they were safe in pre-paying for their funerals, but the trusts that those funds were held in have lost much of their value and now there doesn’t appear to be enough money left to pay for the funerals. Now what?

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GM To Return Two Leased Jets…After Asking Taxpayers For Money

November 21, 2008

General Motors Corp(GM.N) will return two of its leased corporate jets amid intense criticism in Washington this week on the luxury travel arrangements of its chief executive even as the company pleads for federal aid.

Seems like the public outcry and the comedians jokes did some good in this case.  To read the full story CLICK HERE.

AIG CEO Rejects $22 Million Parachute

September 23, 2008

This has got to be a first.  AIG’s Robert Willumstad has opted out of his $22 Million dollar parachute.  I applaud him for taking such a bold move.  You can check out the full story HERE.


Watch out for the ‘free’ stuff

July 25, 2008

DeaconDavid’s comment: I have seen lots of these offers and have actually gone to some of the presentations but I can usually sniff out a scam or a bad deal. The info in this article should help you recognize some of the warning signs.

Donna and David Sloat love to travel. When they got a postcard that claimed they could get 50 percent off the price of cruises and 75 percent off condo vacations, they were intrigued.

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