Archive for December, 2011

What happens when a bank worker has stolen money from your account?

A Japanese friend of mine had his account frozen in Japan, because he was under investigation for fraud. He was clearly innocent and the judge cleared his case and he wasn’t charged. The bank refused to unfreeze his account, and his lawyer was planning to sue them. The lawyer hired a private investigater and they [...]

Student loans through FAFSA or Bank of America?

What are the pros/cons of getting a student loan through the government (FAFSA) as opposed to a bank, such as Wells Fargo or Bank of America?
FAFSA loans can be subsidized or unsubsidized. If you get the subsidized ones the government pays the interest of your loan so that you do not have to pay the [...]

What are the qualifications of Medicaid in Indiana?

I am married and my husband’s and my income combined comes to a total of about $28,000 a year before taxes. We are renting a house and we own a car that is not worth more than $1000. We have a good amount of money in the bank, but that is mostly because we [...]

What will you think of a 42 year old man who starts his own bank robbery school and why?

I will ask him to shut it down for good because it is promoting greater illegal activity.

How much do legal marijuana growers in the state of Michigan make a year?

I imagine it has to be a significant amount of money. How much does it cost for the initial set up costs? How does someone become a legal grower in Michigan and learn the process and business?
Yes, legal growers. Michigan has legalized it medically, therefore, those with prescriptions for it need to get it somewhere, [...]

What happens to mortgages if the bank goes out of business and no one wants to buy them?

I hear that if a bank goes under other banks will buy these mortgages. But with so many mortgages exceeding values of homes, many banks might not want to buy the mortgages. What would happen if a bank goes under, and no one wants to buy their crappy mortgages?
It would not happen. [...]