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LeaseTrader.com on NBC Connecticut. you see it every day, car lease owners driving their car and not paying attention to other car drivers. LeaseTrader.com the largest lease-swapping website polled over 3000 men and women car lease owners of every make and model vehicle car lease. Road rage was men car drivers top driving distraction. For women, putting on makeup was their leading car driving distraction. LeaseTrader.com works like a car lease adoption program that matches up one car...

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LeaseTrader.com on America's HQ FOX News. Using lease trade to lease swap is the most popular second hand auto lease swap marketplace. LeaseTrader.com and using the largest lease trade and lease swap site to get out of a car lease contract. LeaseTrader only uses credit-qualified buyers for any lease swap transaction between car lease owners and car lease drivers. Lease Swap driving survey from LeaseTrader.com

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LeaseTrader.com on Fox 10 Phoenix and is seeing business booming in the Arizona area. One Phoenix family was able to save over $1000 per month from getting out of their BMW car lease. The financial savings are helping the family spend more time with their sick daughter. Lease Trade has been the leading secondary leasing company in auto lease for over 11 years. BMW car leases, Mercedes car leases, and Cadillac car leases make up the three most popular car lease assumption cars on...

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LeaseTrader.com on Arizona Family TV. everyone is trading in their cash for clunkers car and Lease Trade does not want you left out. LeaseTrader is helping small businesses get out of company car vehicles like BMW, MErcedes, Lexus, Volkswagon, and Ford leases. LeaseTrader.com works like a car lease adoption program that matches up one car lease driver and a car lease shopper looking to take over a car lease from the secondary car market.

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LeaseTrader.com is once again featured on Fox Business Money for Breakfast. LeaseTrader.com has amazing low lease deals on 2009 BMW leases, Mercedes leases, and all brands of GM vehicles, Chrysler, and Ford leased cars. Free to search, take a look at the low-priced new 2009 BMW leases, Lexus leases, and Toytoa leases that are well below standard lease deals offered at car dealerships in your local area.

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Don't be stuck in that car lease. Use LeaseTrader.com to transfer the remaining portion of your car lease contract to someone else. With three times as many buyers than sellers registered on LeaseTrader.com, Lease Trades are showing a huge spike this quarter. Mercedes car leases, Infiniti car leases, Chrysler car leases, and BMW leases are surpassing lease trades on LeaseTrader.com.

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LeaseTrader.com on Channel 8 news at Six (Richmond, Va) LeaseTrader is staying hot in 2009 with a increase of customers in Virginia using LeaseTrader.com. Take a look in your local area and checkout the leased cars that are nearby. If you're looking to get out of a BMW, Mercedes, Lexus, Range Rover, etc... for very minimal call one of our LeaseTrader Specialist to help. It's time to get on board with the new times and get out of your Toyota...

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Rancho Cucamonga, and San Diego are just a couple of cities in California that are using LeaseTrader.com. The Richmond, Virginia area is showing a growing increase in Toyota lease, BMW lease, Infiniti lease, and Nissan car leases are now very popular.

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Mercedes lease, Toyota lease, Lexus lease, Honda lease, Range Rover lease, Ford lease, Pontiac lease, GMC lease, Cadillac lease. Log on to LeaseTrader.com and take a look around!

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LeaseTrader.com on Fox 26 news at Nine.
Ever felt trapped with rising expenses and no way to lower your bills. LeaseTrader.com is the hottest way to lower your bills and finances. Your BMW, Mercedes, Lexus, Toyota, Infiniti, Range Rover, Nissan etc.. lease payment that is way to expensive - Lease Trader is the easiest and simple way to transfer your expensive car lease to someone else.

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Leasetrader.com on CBS 11 news at Six. LeaseTrader is the leading online marketplace in the US and has seen a huge increase in the Houston and Dallas area. With four times as many car lease buyers than car lease shoppers. Over 17 Million car lease owners in the US. BMW, Mercedes, Lexus, and Range Rover make up the majority of these car leases. Checkout LeaseTrader.com and see for yourself.

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LeaseTrader.com on TXA Channel 21 News First In Prime
Richmondis the place to be. With a 12 percent increase of car shoppers looking to get out of a car lease and over 3 times as many car shoppers in Virginia looking to take over a car lease. Now is the best time to shop for a car or lower your bills in this economy. Have you seen the deals on the cars that are on LeaseTrader.com. With no money down and no long term commitment, you have no excuses not to look.

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LeaseTrader.com on TXCN KHOU CBS Channel 11. Houston is showing a 20 percent increase on car lease shoppers looking to take over a Range Rover, Toyota, Lexus, Mercedes, Nissan, BMW, car lease. Sergio Stiberman, CEO and Founder of Lease Trader says the current slow/recession economy is the leading reason to terminate a lease. Checkout all the media coverage Lease Trader is in - Houston, Dallas, Fort Worth, Plano, and Galveston.

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In 2009 LeaseTrader is doing booming business in this recession economy. LeaseTrader has over 20k cars on LeaseTrader site and four times as many car lease buyers than car lease sellers. BMW car leases, Mercedes car leases, and Toyota car leases continue to lead LeaseTrader users in popularity. This year LeaseTrader is projecting to surpass last years total completed transactions.

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Once again San Diego, California continues to show love for LeaseTrader.com. This month San Diego shows LeaseTrader some love. It's not a coincidence that the Mercedes in this San Diego video is in the top five most popular cars being transferred on LeaseTrader.com. BMW leases, Toyota leases, Lexus leases, and Land Rover Range Rover leases. What are you waiting for California, sign up today.

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LeaseTrader.com is a new service that easily and affordably matches car shoppers with individuals looking to escape their auto lease. California continues to be a leader in this recession auto industry. The city of Oakland and San Diego, California continues to see tragedy in this slowing economy. The top five cars and SUV's that are leased in Oakland and San Diego, California are BMW 3 & 5 series, Mercedes C class, Land Rover Range Rover Hse, Toyota Corolla & Scion, and the BMW Mini Cooper.

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Lease Trader and the automotive industry leading auto maker Range Rover are still showing growth in the auto lease transfer process. Lease Trader has shown a double digit increase in the transfer sales of Range Rover along with Nissan, and Acura auto vehicles. Early Termination of your car lease has never been easier and more affordable. Simply post your vehicle - Lease Trader will find qualified buyers to assume your lease.

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LeaseTrader on Live at Five and continues with growth in April. LeaseTrader releases top driving hazards for National Car Care month and is helping to educate during Financial Literacy month. Today, Lease Trader announces list of top driving hazards & challenges.According to the poll 41% of customers surveyed said escaping a submerged or sinking vehicle tops the list for almost half of people polled.

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With the Dow Jones surging over 450 points because the Treasury department is helping banks remove bad assets. This is only great news for the Lease Trade process and the automotive industry. With the government planning to spend as much as $1 Trillion dollars for the financial sector - banks will be freeing up credit for buyers to get into a car lease. What are you waiting for, Sign up and be approved to get into a new BMW, Mercedes, or Range Rover car lease

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Men or Women? Lease Trader.com is simple to use for both individual sexes. The auto industry has always been predominately male driven, but in 2009 women have shown a increase in keeping their car lease clean, tidy and helping to bridge the gap between both sexes. The top five cleanest cars between men and women are - Audi A6, BMW 5 Series, Mercedes C Class, Infinity M35 x, Lexus ES and Lexus GS.

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LeaseTrader is the perfect car lease transfer service for women to get into an automotive lease with no money down. With the economy in a recession, you don't have to be stuck with an expensive automotive lease payment. Lease Trader is simple to use, list your leased vehicle online and take away all your worries. Don't be bothered anymore with those late payments.

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A Michigan customer uses LeaseTrader.com to get out of a Mercedes lease and get out from making his car lease payments. Leasetrader reports a 36 percent increase in the number of people looking to get out of a lease because they’ve lost their job or simply want to downside into a more affordable car. If you can’t afford your current auto lease or are looking for a good deal on a short-term lease, LeaseTrader has the way for you to do it.

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Bank of America posted its first quarterly loss in 17 years Friday and slashed its dividend, hours after winning a multibillion-dollar lifeline from the U.S. government to help absorb Merrill Lynch, which lost a record $15.31 billion in the quarter.

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Just four days ago, the George W. Bush administration granted GM and Chrysler a total of 17.4 billion bailout money.  Ford stated that it does not need low zero percent interest funds at this moment.  The 17.4 billion relief fund will be split in two payments – 13.4 billion will come in December and January with a further 4 billion in February.

The money for Gm and Chrysler will come from the Troubled Assets Relief Program (TARP). TARP is a 700 billion fund set ...

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Congress was unable to pass the $15 billion emergency relief funds through for the auto industry because of the Union’s unwillingness to cut wages. As a result, GM and Chrysler are now ever more closer to filing for bankruptcy. Ford, although still treading on thin ice, is not as dire as GM and Chrysler are. If anything, Ford is simply asking for what amounts to an emergency line of credit just in case it needs it.

Detroit and lawmakers are running out of options. The nex...

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The Detroit "Big Three" continue in their efforts to obtain a financial bailout program sponsored by the American taxpayer. This week the three Detroit car companies, GM, Ford and Chrysler, all went back to Washington (and left their private jets at home) with plan in hand on how the bailout money will help them return to profitability.

Washington lawmakers, however, were thrown a curveball by GM when the company said it needed an additional $4 billion just to survive...

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Well, congratulations to President Elect Barack Obama. And good luck, too, as he will need it to engineer America out of its worst economic slump since the Great Depression. This week Barack Obama defeated John McCain by a narrow margin to become America's next President.
Obama won the popular vote by a margin of 60% to 40%, edging McCain in heated states such as Pennsylvania, Florida and California. Clearly, Obama's first big task on his lengthy "to-do" list will be t...

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The Federal Reserve (The Fed) cut interest rates by a half percentage point, lowering the interest rate to 1%. This will go along way towards enabling businesses like Apple, Starbucks, and Google be able to borrow money from banks like Bank of America, JP Morgan Chase, Citi, and Wells Fargo.

The economy continues to slow down, making it harder for businesses to keep in the black. Job losses continue to mount and people are slowing down on their spending. The Fed had no choice ...

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Holly, a Lexington (KY) resident, was in a situation where she needed to cut an additional $1,500 out of her monthly budget. Carmen and Holly discussed her rental costs and found some ideas on how to cut down. They rent in the area because the school district is good and their son is in his last year of high school. And they tied the end of the lease to the end of the school year.

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South Florida drivers are putting money in their pocket, and not in the pump. Customers getting those huge gas guzzlers years ago are now finding they can’t afford to fill them up. Good thing for them, now there’s an easy way to trade them in and save some big bucks.

With gas prices absolutely through the roof, drivers everywhere are doing all they can to pinch that penny. Well if you’re tired of paying too much at the pump for that gas-guzzling SUV, LeaseTra...

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Getting a new car every few years may be great for the consumer, but recent economic conditions are hurting the finance companies backing your loan, like GMAC, Washington Mutual and Wachovia, making leasing less of an option.

“What you have today is a lot of companies saying they’re losing money through leasing because the residual values are falling and they’re having a hard time projecting those values,” said a LeaseTrader.com executive.

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No longer a status symbol to own a big giant, gas-guzzling SUV. In fact, it's been tough for car companies to unload SUVs, especially when it comes to leasing programs. All this is certainly a wake-up call for the auto industry.

It is estimated that 20 percent of cars are leased, but consumers who now want to lease a car will see big changes. The nation's #3 auto maker, Chrysler, says Chrysler Financial will discontinue its leasing program to instead focus on retail installment...

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FOX Business sat down with LeaseTrader.com to discuss the car leasing situation. FOX: I am told that the car leasing industry is dead. Is that an accurate or overblown statement. I ask the question because Chrysler has abandoned leases on new vehicles. A couple of other car companies are in the same position. So, is the lease dead? We sit down with LeaseTrader.com to disuss.

LeaseTrader.com: The lease is not dead for the U.S. consumer. It is not dying. If you think about it, wh...

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Auto makers all around the country are scaling back mostly because of the tough economy. One change that consumers are seeing is that auto makers like Chrysler, GM and Ford are pulling back on lease options. So what does this mean for you? LeaseTrader.com joined us to talk about the situation and how it affects you.

So recently a number of the large car companies decided to cut their leasing business or cut back the number of leases that they write. Tell us about these changes...

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The Dow, S&P 500 and Nasdaq were all down considerably because of the falling stock market. The Dow Jones Industrial average, in particular, fell below 9,000 for the first time in four years. Everywhere you turn, panic continues to set in for people desperate for ways to avoid financial catastrophe.

LeaseTrader.com executives hear from consumers all across America that are feeling the hurt and need a way to get out of their lease and lower their bills. Is it time for anoth...

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All across America, consumers and U.S. residents are now starting to ask whether we're headed into the next Great Depression. The National Association of Business Economists are studying to see if the country is headed into a recession - or if we're already in one. Of course, a recession is described as two straight quarters of negative Gross Domestic Product, or GDP, activity. Ask any American, though, and most believe we are in one even if the GDP says otherwise.

Simply put,...

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Presidential candidate Barack Obama's connections and his background have again surfaced recently after Republican Vice Presidential candidate Sarah Palin suggested Obama had an association with 1960s radical Bill Ayers. Sarah Palin has stepped up her aggressive nature following the recent Vice Presidential Debate with Democratic Vice Presidential candidate Joe Biden.

Although most Americans will tell you they aren't in favor of negative or attack politics, some people that wa...

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Many people point to the fact that America is running up way too much debt in Government spending. On top of that, people point to the $700 Billion Bailout plan (some call it a "rescue" plan) as yet another big example of how Government can't control its own debt system. But is Joe Six Pack being fair?

The one thing Americans aren't doing is looking in the mirror. The majority of Americans have been drunk on credit over the last several years. From housing to credit ...

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Oil has come off its high near $140 just a few months ago and closed today at $88 a barrel. Millions of Americans are still struggling to pay for gas despite oil's recent tumble. There is a lot of pain in the economy, and people are still feeling it at gas stations such as BP, Shell, Mobil and even convenience stores like 7-eleven.

Helping oil's plummet along has been the recent fear and panic in the U.S. economy, and even the global economy. For the most part, demand has fall...

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More trouble continues to lie ahead for embattled executives of Lehman Brothers, which ended its long-standing relationship with Wall Street investors last month when it failed as an investment bank. Now undergoing testimony before Congress, Lehman Brothers executives are describing the activities that led up to that fateful day when Lehman Brothers closed its doors. Among the topics of discussion are the payouts several executives received just days before the firm closed.

In...

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Already worried that the $700 Billion bailout plan won't be enough, the Fed has now announced a new plan in its desperate attempts to jump start not only the U.S. economy, but also a global economy that appears to be falling deeper into recession mode. Under the Fed's latest attempt, it will now buy up even more large sums of short-term debt in an effort to provide a spark to the worldwide credit markets.

Companies rely on this short-term debt to finance the investments they m...

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Senator Barack Obama and Senator John McCain square off again for their second debate at Belmont University in Nashville, Tennessee. It will mark their second head-to-head debate in which they discuss important issues facing American voters. This debate will be more of a town hall-style debate, which will basically be smaller and more intimate compared to their first debate.

The debate will be aired on all the major networks, including ABC, FOX, CBS, NBC, CNN, MSNBC and FOX Ne...

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Federal Reserve Chairman Ben Bernanke admitted today that the economy is getting worse, and he hinted that the Fed might be getting ready to make another interest rate cut. Ben Bernanke said that the inflationary pressures had subsided, which basically clears the way for yet another interest rate cut.

Interest rate cuts are usually good for the economy because they make it cheaper for companies to get loans for business expansion. It's almost like pouring fuel on the fire, in ...

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Banking giant Bank of America isn't immune to the ailing economy. How bad is it for Bank of America? Their shares plummeted 68 percent in their latest earnings announcement. You want to find your local Bank of America branch? Well that's still easy since they're the largest bank in the country. But if you want to find a good dividend, you'll have to look elsewhere.

Bank of America's dividend has been cut in half, and they company is going to raise $10 billion in cash through a...

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In yet another sign that points to the pain in the U.S. economy, the Government has announced that consumer borrowing has fallen for the first time in ten years. The Federal Reserve revealed consumer borrowing fell $7.9 billion in August to $2.577 trillion from $2.585 trillion in July. This marks the first time consumer borrowing has fallen since 1998.

What this means is that lending is very hard to work through right now. The banks aren't lending. So the consumers aren't borr...

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Republican Senator John McCain and Democratic Senator Barack Obama, both campaigning to be the next President of the United States, help their second debate in Nashville, Tennessee. As promised, the bulk of the debate centered around the recent $700 billion bailout plan to help rescue the economy and help homeowners stay in their homes and avoid foreclosure.

Moderated by Tom Brokaw, both Presidential candidates sparred over a bevy of other issues, including tax cuts, energy po...

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In an unprecedented move, the world's leading central banks slashed interest rates sharply to help stave off further erosion in the global credit markets. In the U.S., the Fed cut rates by half a percentage point, down to 1.5%, ahead of its October 28 meeting.

The European Central Bank also cut its interest rate, as key banking officials cited the need to breathe life into a struggling global economy that is falling deeper into recession. Additionally, the Bank of England also...

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Perhaps we're seeing a first glimmer of light at the end of a very long tunnel as pending home sales rose for the first time in a year, according the the trade group, National Association of Realtors. Now for the bad news - this jump was a representation of August activity. The current crisis in the credit markets didn't hit until September. So it will be interesting to see what happens in the weeks to come.

It's very possible that home prices have sunk so low by now that peop...

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The Libor rate has again fallen, meaning banks like J.P. Morgan Chase, Bank of America and Wells Fargo can begin to lend to each other again. This is very important so that lending can thaw out and the economy can start moving along again. The Libor rate, which is also known as an intra-bank interest rate, is now at the lowest rate it's been at in years.

Since the housing market collapsed, followed by the credit markets, the U.S. economy has taken a big hit. People are no long...

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The price of gas continues its free fall from earlier in the year when it was up to $145 per barrel and averaging more than $4.00 per gallon at the gas pump. In fact, oil has fallen 50 percent since its highs earlier in the year, mostly due to the slowing economy and the drop off in demand and consumption.

The price of oil settled below $70 per barrel for the first time in a very long time recently. Unfortunately, although the price of gas has given consumers a little bit of e...

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Billionaire investor Warren Buffett has a strong message for America - he's buying stocks right now. The money making Warren Buffett is letting America in on a little secret explaining that the stock market has taken a beating lately, and now's a great time to get in the game.

The Oracle of Omaha is widely known for buying the right companies at the right time. And although he readily admits that the worst may not be over for the American economy, he says right now is the typi...

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LeaseTrader.com on CNBC's Squawk Box

LeaseTrader.com CEO, Sergio Stiberman, appears on CNBC's Squawk Box morning show to discuss the current state of the U.S. auto industry. Along with the Squawk Box hosts, Stiberman talks about the impact the economic slowdown is having on consumers. High gas prices, the housing situation and credit crisis have all played a significant role in consumers turning to LeaseTrader to downsize into something more affordable.

LeaseTrad...

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LeaseTrader.com was mentioned as an example of a great benefit to help people get out of their car lease if they no longer can afford the payments. Jean Chatzky, the TODAY Show's personal finance contributor, talked about LeaseTrader.com on her weekly "Money 9-11" segment.  

When someone wants out of their car lease, LeaseTrader.com matches them with someone who wants to take it over for them.

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Mortgage fraud continues to be a large concern for authorities and consumers, despite the fact that far fewer mortgage transactions are now taking place. The Mortgage Asset Research Institute (MARI) recently announced that the number of fraudulent loans increased 45%. Fraud happens when an illegal procedure is used for someone to get a better deal on a mortgage, or to bilk an individual or entity out of funds.

Fannie Mae and Freddie Mac, the largest loan originators in the cou...

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WCNC Charlotte - Charlotte customers are using a service that helps them transfer their car lease to someone else.

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Toyota smells blood in the car industry, and they want you as a customer. Companies like GM have recently put high stipulations on whether or not to extend credit on a car loan for people shopping around for a car. Toyota thinks that's a ridiculous strategy and wants people to know they can shop for a car at any of their dealers and most likely secure financing for a car.

What's more, Toyota is also extending and expanding on a popular no interest finance program for its custo...

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Although General Motors (GM) is pursuing a late deal to acquire Chrysler, several industry insiders say the deal is far from coming together because the two companies can't find enough investors to back the deal. GM and Chrysler, along with Chrysler's parent company, Cerberus Capital Management, have been talking to investors about the broad benefits a combined company would provide. So far there aren't many takers.

A combined company would work, company officials say, because...

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The state of Michigan is bracing for a potential merger between GM and Chrysler, owned by Cerberus Capital Management. The proposed merger, or thought of one, would surely mean the loss of many jobs as multiple plant closings would be a result of planned efficiencies between the two companies. GM is currently negotiating with Chrysler's parent company, Cerberus Capital Management, on the deal.

Any possible deal could be a major blow to the state of Michigan and the local econo...

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Frank Kent Motor, based in Fort Worth, Texas, is currently running a promotion where the first 100 customers to buy a Cadillac, Buick, Pontiac, GMC or Hummer, will get GM stock with the purchase of one of their cars. Their main incentive is to break through the clutter and do a publicity stunt to get noticed. The stock would be currently valued around $325.

As a customer, if you buy one of the cars as one of the first 100 people you will receive 50 shares of GM stock. There's ...

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Federal Reserve Chairman Ben Bernanke is all in favor of another round of stimulus checks for Americans. The Fed chief testified before Congress and said lawmakers should consider the boost. Bernanke believes the economy could use the additional boost.

The American economy is currently leading the world into a global recession. And although billions worth of banking bailouts have recently been put into action, consumer spending is a critical element to keeping the economy chug...

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A show of hands, please. How many readers think it's a good time to buy stock for Bank of America, Wells Fargo, or J.P. Morgan Chase? Anyone? Believe it or not, this might be an opportune time to jump into those stocks. After all, Warren Buffet is taking a hard look.

The NYSE is down significantly off its highs, and so is the NASDAQ. And with the federal bailout programs in full force right now and the first glimmer of hopes that the credit markets are thawing out, there's a v...

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The Dow Jones Industrial and the NASDAQ, two leading indexes that make up the stock markets, started to reflect a thawing of the credit markets recently as both have shown signs of strength. This is good news since the world is still based on credit, and if the credit markets begin to thaw, that is arguably the first step towards getting a healthy economy back on track.

Additionally, the stock market turnaround was also boosted by talk of a second economic stimulus package for...

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Gas prices are now down below $3 for the first time in months. AAA reports that the national average for a gallon of gasoline is down to $2.95. Many Americans thought they'd never see the day when gas was below the $3 mark. Fortunately, the prices now represent one small sliver of happiness for an American economy that has been kicked around for the past 12-18 months.

It still remains to be seen just how much of a boost the falling price will benefit Americans. But the timing ...

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Now that gas has fallen back down to under $3 a gallon, is it possible that cheap gas will help save the struggling economy and the credit crisis? Even though gas prices are headed for even further declines, many economists are left pondering what the true effects will be on the consumer.

To be fair, the lower gas prices go much farther than simply saying it puts more money back in people's wallets. On the bigger picture, people are more inclined to go back and make longer day...

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As a clear indication that the housing crisis continues to be America's largest economic problem, the number of foreclosures continues to jump each month. A recent industry report found that a whopping 81,000 + homes were lost to foreclosure in September. Simply put, foreclosure continues to be the number one economic threat to America right now.

More than 250,000 homeowners actually received foreclosure filings like notices of auction, default and repossession. Although that ...

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General Motors (GM) is going to cut another 20% of its workforce so that it can meet targeted financial goals. Is anyone surprised? The company said more cuts will take place if car sales continue to worsen over the next few quarters. Some of these cuts are represented by attrition and retirement, but unfortunately lots of people lost their job through this move. GM still has over 30,000 salaried employees in the U.S.

Additionally, the news is not all great for employees that ...

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If it seems like someone new proposes a different way to help "troubled homeowners" escape the threat of foreclosure, it's probably because that's exactly what is going on. Today, it's Sheila Bair's turn. She's the chairwoman of the Federal Deposit Insurance Corp. She wants her agency and the Treasury Department to work together to find even more preventable steps for homeowners in trouble and facing foreclosure.

Here's a thought: instead of everyone talking about pl...

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LeaseTrader.com was featured in a car leasing segment for MotorWeek TV. Sergio Stiberman, CEO and founder of LeaseTrader.com, explains the process of auto lease transferring, while two LeaseTrader customers share their experience in using the service.

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This story posted by LeaseTrader.com, the automotive service company that lets people transfer out of their Car Leases...

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The environment for business lending continues to be difficult for business owners. Commercial paper, which is a market for business lending, continued to contract because different investment groups grew more nervous about lending to business - both large and small. Commercial paper is basically short-term debt that is sold to fund managers and investors which use the loans to underwrite day-to-day business functions.

The Federal Reserve plans to take action by stepping in an...

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The severity of the U.S. economy continues to amaze everyone. Even Alan Greenspan, the former Federal Reserve Chairman, can't believe the economic situation america finds itself in. Greenspan recently called the current situation a "credit tsunami," and he believes the markets will rebound significantly stronger than before the meltdown.

Wonderful. Isn't that what everyone said following the dot-com crash seven years ago?

Naturally, when asked if he m...

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The global recession realities are becoming more clear as stock markets throughout the world are tumbling amid realistic fears of a widespread economic slowdown - if not entire collapse. The Dow Jones, Nikkei, Kospi, and London's FTSE all have fallen considerably recently, pointing towards economic gloom and doom for the entire world.

Britain's economy reporterd a slowing of .5% during its most recent quarter. The Korean economy grew at its most weakest pace in four years. And...

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Cerberus Capital Management LP is currently doing its due diligence on any possible merger with GM. Cerberus would want to retain a sizable equity stake in any company that resulted from the merger. There is ongoing talk of who would lead the new company, including GM Chief Executive Officer Rick Wagoner, GM Chief Operating Officer Fritz Henderson or Chrysler Chief Executive Officer Bob Nardelli.

Cerberus is also weighing other options for the company. Ongoing talks also conti...

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As the economic conditions continue to worsen, along with indicators that point towards a global economic recession, several large corporations brought more bad news to the table when they reported job cuts among its staff. Xerox Corp., General Motors corp., and Coca-Cola Enterprises Inc. all revealed they made staff cuts recently. Whereas once the economic slowdown was affecting primarily housing and financial sectors, it appears to have finally made its way to many other industries - especi...

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That the stock market has taken a beating over the last two months may well be the world's worst-kept secret. Experts from Federated Investors and RiverSource Investments have all chimed in with their prognostications. The bottom line is that the market will continue to take a beating over the next several weeks. But eventually the market will reach a bottom, the world economy will stabilize thanks to the actions of the Fed lately, and ultimately, the market will bounce back. The key question...

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The National Association of Realtors came out with a report that may make the likes of Home Depot, Lowes, Lennar Homes, Centex Homes, and a host of other companies in the housing industry happy. At least a little happy. Sales of existing homes rose in September to a pace of 5.18 million. That's a jump of 1.4% from a year ago. That's good news for home improvement centers that want to sell to people eager to upgrade their recent purchase, as well as home builders who can't begin selling new ho...

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LeaseTrader.com featured on FOX 35 in Orlando

The Orlando FOX affiliate shows viewers how you can save thousands of dollars by transferring your car lease over to someone else. The concept of auto lease transferring is becoming more popular by the day.

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LeaseTrader.com visits with Telemundo's Buenos Dias

Sergio Stiberman, CEO and founder of LeaseTrader.com, sits down with Buenos Dias, Telemundo's national morning news program, to discuss the concept of auto lease transferring. Millions of people either want or need out of their car lease, and LeaseTrader.com is the perfect solution for them.

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LeaseTrader.com featured on Newsthatpays.com

Stacy Johnson explains how people can save good money by using LeaseTrader.com. Stacy also talks to one consumer who used the service when he and his wife had a new child and needed a bigger car.

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The FDIC, which recently took over failed bank, IndyMac, thinks it may have come up with a resolution to the mortgage mess facing America. Hundreds of thousands, if not millions, of people are either late or not making their mortgage payments at all. The real problem with the mortgage situation is to figure out what to do with these people and how to help them.

So here's what the FDIC has come up with in terms of a "solution." They will work with each delinquent home...

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With the financial crisis causing much panic throughout the country and world, the big early winner in the current situation seems to be financial media like CNBC, FOX Business, and entertaining personalities such as Jim Cramer, who hosts "Mad Money" on CNBC, and Ali Velshi of CNNMoney.com. Millions of people are tuning in each day to see what's going on in the markets. And the networks are eating up the ratings by offering all kinds of insight and "breaking news."
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Here's another "winner" as a result of the dire financial crisis hitting America and the world - Lobbyists. All kinds of companies, including the likes of General Motors and Chrysler in the auto industry, as well as banks like Wells Fargo and CitiGroup in banking, are parading out their lobbyists in an effort to grab a larger piece of the $700 billion bailout program. Even airlines like Delta, American Airlines and USAir have been stepping up their efforts to get some of the bailout...

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Washington Federal bank and Fifth Third Bancorp both have applied for Federal funds stemming from the $700 billion bailout program. A few other banks like PNC Financial Services Group have also submitted formal letters of interest in acquiring the funds. Under the $700 billion bailout program, which was recently passed by Congress, the Treasury Department will inject $250 billion into banks in exchange for shares.

The goal of the funds is to provide relief in the wake of the g...

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Investors and analysts believe the Federal Reserve is again about to cut interest rates for fear that the economy is falling deeper into recession. If they make a cut it would more than likely mean that the rates would come down to 1%, a level that hasn't been reached since 2004. Most economists now believe we are operating in an actual recession since consumer spending will shrink for the first time in 17 years.

What's even more worrisome is the fact that the critical holiday...

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Those that think the credit crunch is over as a result of all the money flowing into banks, think again. The lack of credit availability remains a serious issue in the markets. In an effort to ease the pain associated with lending, banks have lowered the interest rates around the world, trying to make it easier for businesses of all sizes to obtain lending.

Further interest rate cuts may also be in the plan from the Fed, which is expected to meet later this week. Some analysts...

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Automakers such as General Motors, Ford and Chrysler are all eyeing a piece of the $700 billion bailout program. The carmakers are all in trouble with cash because they are burning through reserves and struggling with plunging sales on all of their cars, trucks and SUVs. People just aren't buying cars these days.

The three companies have been lobbying hard to try and get more federal money to aid in their long-term survival. If anything, the companies will be able to get some ...

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 Is Sarah Palin hurting or helping the Republican presidential campaign? Many people are beginning to wonder. Some aides to Sen. John McCain say they weren't happy that running mate Sarah Palin went off script Sunday and turned attention back to the controversy over her wardrobe.

Alaska Gov. Sarah Palin deviated from her prepared remarks to talk about her wardrobe controversy recently. The Alaska governor brought up the recent reports regarding the Republic...

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Where are we headed with personal bankruptcy? In 2005, Congress passed a bill aimed at reducing the number of personal bankruptcy filings. But that was before a housing meltdown, a credit crunch and a global economic downturn. In the midst of the financial crisis, more and more Americans are filing for bankruptcy. And experts say the numbers are likely to get worse.

The Bankruptcy Abuse Prevention and Consumer Protection Act, which took effect three years ago this month, incre...

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At least the housing market is showing some very small signs of relief. That's what people gather from the latest figures on home sales. Sales of new homes recorded an unexpected increase in September as median home prices dropped to the lowest level in four years. The Commerce Department reported Monday that sales of new single-family homes rose 2.7 percent last month to a seasonally adjusted annual rate of 464,000 homes. Economists had expected sales would drop from the August level.
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Is the end near for the newspaper industry? The New York Times, The Washington Post, The Wall Street Journal and the USA Today all have an uphill battle in front of them. Ad spending and circulation continues to fall at the newspapers. The drop occurred nearly across the board during the six months that ended Sept. 30; the largest metropolitan dailies saw weekday circulation fall anywhere from 1.9 percent for The Washington Post, to 13.6 percent for The Atlanta Journal-Constitution, compared ...

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More problems ahead for one of New Jersey's largest newspapers - the Newark Star-Ledger. The Star-Ledger, New Jersey’s largest newspaper, will cut its newsroom staff about 40 percent by year’s end, one of the largest reductions in a single move by a major American paper. The paper will give buyouts to about 150 news employees who requested them, managers told employees on Friday, after years in which the paper resisted the broad newsroom cuts that have been become commonplace acro...

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Oil has been up and down recently, more so down in a big way falling from its highs near 150 just a few short months ago. The price of oil on Monday reversed its recent decline as traders discounted concerns about how a slowing economy may dampen demand for fuel.

Last Friday, concern about demand drove down oil prices despite a pledge by the Organization of Petroleum Exporting Countries to cut production by 1.5 million barrels a day. On Monday, U.S. crude for December delivery...

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We all know how the economy has hurt Wall Street firms like Bear Stearns and Lehman Brothers. But what about Main Street? In the halls of Congress, in presidential debates and among Wall Street executives, there has been much talk about how the financial crisis plaguing Wall Street is spilling onto Main Street. Just 20 miles from the nation's capital, however, a walk down Fairfax City's historic Main Street reveals a more nuanced picture. Some are feeling the hit, and many others are concerne...

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Sergio Stiberman, CEO & Founder of LeaseTrader.com, discusses the process of auto lease transferring on WUSA TV, the CBS affiliate in Washington, DC. LeaseTrader.com staff also participated in the station's "Mind Over Money" segment, where experts answer consumers' questions about various topics. Sergio answered questions for an hour, along with other consumer experts.

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So how is the economy affecting you? Popular news organizations like CNN, The New York Times and USA Today asked people to tell how the economy was affecting their job situation, we heard from many people in already hard-hit fields such as housing or the automotive industry. But amid a widening financial crisis, we also received hundreds of stories from people working in other industries, ranging from banking to food service, who are becoming the latest casualties of the nation’s econom...

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