Bill Bartmann Discusses the European Debt Crisis on Fox Business

Watch Video on Fox Business: EU Debt Problems: Which Country is Next?

Bill Bartmann, CEO of Bartmann Enterprises, discusses the European debt crisis and its potential impact on the US economy.

Failed Banks: FDIC Announces the Closure of 4 More Banks

The Federal Deposit Insurance Corporation (FDIC) announced the closure of four (4) more banks on 7th May 2010.

The Bank of Bonifay #65
The First Federal Bank of Florida, Lake City, Florida, has assumed all of the deposits of The Bank of Bonifay.

As of 31st March 2010, The Bank of Bonifay had approximately $230.2 million in total deposits and $242.9 million in total assets. In addition to assuming the The Bank of Bonifay's deposits, First Federal Bank of Florida will purchase approximately $78.1 million of The Bank of Bonifay's assets, consisting of cash and cash equivalents. The FDIC will retain the remaining assets and will dispose of them at a later date.

The Bank of Bonifay is the 65th FDIC-insured institution to fail in the nation this year, and the tenth in Florida. The last FDIC-insured institution closed in the state was Riverside National Bank of Florida, Fort Pierce, on 16th April 2010.

Access Bank #66
PrinsBank, Prinsburg, Minnesota, has assumed all of the deposits of Access Bank.

As of 31st March 2010, Access Bank had approximately $32.0 million in total deposits and $32.0 million in total assets. In addition to assuming all of the deposits of the failed bank, PrinsBank agreed to purchase essentially all of the assets.

Access Bank is the 66th FDIC-insured institution to fail in the nation this year, and the fifth in Minnesota. The last FDIC-insured institution closed in the state was State Bank of Aurora, Aurora, on 19th March 2010.

Towne Bank of Arizona #67
Commerce Bank of Arizona, Tucson, Arizona, has assumed all of the deposits of Towne Bank of Arizona.

As of 31st March 2010, Towne Bank of Arizona had approximately $113.2 million in total deposits and $120.2 million in total assets. In addition to assuming all of the deposits of the failed bank, Commerce Bank of Arizona agreed to purchase essentially all of the assets.

Towne Bank of Arizona is the 67th FDIC-insured institution to fail in the nation this year, and the second in Arizona. The last FDIC-insured institution closed in the state was Desert Hills Bank, Phoenix, on 26th March 2010.

1st Pacific Bank of California #68
City National Bank, Los Angeles, California, has assumed all of the deposits of 1st Pacific Bank of California, San Diego, California.

As of 31st March 2010, 1st Pacific Bank of California had approximately $291.2 million in total deposits and $335.8 million in total assets. In addition to assuming all of the deposits of the failed bank, City National Bank agreed to purchase essentially all of the assets.

1st Pacific Bank of California is the 68th FDIC-insured institution to fail in the nation this year, and the fifth in California. The last FDIC-insured institution closed in the state was Innovative Bank, Oakland, on 16th April 2010.

Discover How You Can Profit from the Current Banking Crisis

Yes, you can profit from the current banking crisis and, at the same time, help others who are experiencing financial difficulties.

Bill Bartmann, who during the Savings and Loan crisis of the 1980s and 1990s went from bankrupt to billionaire buying bad loans for pennies on the dollar and then collecting on those loans for a profit has created a FREE video where he explains how you too, regardless of your personal circumstances, can profit in this downturn economy.

You can access the video by clicking the link below:

FREE Video: How to Make Money Buying Bad Loans

Failed Banks: FDIC Announces the Closure on Another 7 Banks & How You Can Profit from the Current Economic Crisis

On 23 April 2010, the Federal Deposit Insurance Corporation (FDIC) announced the closure of another seven (7) banks.

Eurobank #58
Oriental Bank and Trust, San Juan, Puerto Rico, to assume all of the deposits of Eurobank.

As of 31st December 2009, Eurobank had approximately $1.97 billion in total deposits and $2.56 billion in total assets. In addition to assuming all of the deposits, Oriental Bank and Trust agreed to purchase essentially all of the failed bank's assets.

Eurobank is the 58th FDIC-insured institution to fail in the nation this year. Eurobank is one of three institutions closed in Puerto Rico on this date.

R-G Premier Bank of Puerto Rico #59
Scotiabank de Puerto Rico, San Juan, Puerto Rico, has assumed all of the deposits of R-G Premier Bank of Puerto Rico.

As of 31st December 2009, R-G Premier Bank of Puerto Rico had approximately $4.25 billion in total deposits and $5.92 billion in total assets. In addition to assuming all of the deposits, Scotiabank de Puerto Rico agreed to purchase essentially all of the failed bank's assets.

R-G Premier Bank of Puerto Rico is the 59th FDIC-insured institution to fail in the nation this year. R-G Premier Bank of Puerto Rico is one of three institutions closed in Puerto Rico on this date.

Westernbank Puerto Rico #60
Banco Popular de Puerto Rico, San Juan, Puerto Rico, has assumed all of the deposits of Westernbank Puerto Rico.

As of 31st December 2009, Westernbank Puerto Rico had approximately $8.62 billion in total deposits and $11.94 billion in total assets. In addition to assuming all of the deposits, Banco Popular de Puerto Rico agreed to purchase approximately $9.39 billion of the failed bank's assets. The FDIC will retain the remaining assets to dispose of at a later stage.

Westernbank Puerto Rico is the 60th FDIC-insured institution to fail in the nation this year. Western Bank was one of three institutions closed in Puerto Rico on this date.

CF Bancorp #61
First Michigan Bank, Troy, Michigan, to assume all of the deposits of CF Bancorp.

As of 31st December 2009, CF Bancorp had approximately $1.43 billion in total deposits and $1.65 billion in total assets. In addition to assuming all of the deposits, First Michigan Bank agreed to purchase approximately $870 million of the failed bank's assets. The FDIC will retain the remaining assets to dispose of at a later date.

CF Bancorp is the 61st FDIC-insured institution to fail in the nation this year, and the second in Michigan. The last FDIC-insured institution closed in the state was Lakeside Community Bank, Sterling Heights, on 16th April 2010.

Champion Bank #62
BankLiberty, Liberty, Missouri, has assumed all of the deposits of Champion Bank.

As of 31st December 2009, Champion Bank had approximately $153.8 million in total deposits and $187.3 million in total assets. In addition to assuming all of the deposits, BankLiberty agreed to purchase approximately $152.6 million of the failed bank's assets. The FDIC will retain the remaining assets to dispose at a later date.

Champion Bank is the 62nd FDIC-insured institution to fail in the nation this year, and the second in Missouri. The last FDIC-insured institution closed in the state was Bank of Leeton, Leeton, on 22nd January 2010.

BC National Banks #63
Community First Bank, Butler, Missouri, has assumed all of the deposits of BC National Banks.

As of 31 December 2009, BC National Banks had approximately $54.9 million in total deposits and $67.2 million in total assets. In addition to assuming all of the deposits, Community First Bank agreed to purchase essentially all of the failed bank's assets.

BC National Banks is the 63rd FDIC-insured institution to fail in the nation this year, and the third in Missouri. The last FDIC-insured institution closed in the state was Champion Bank, Creve Coeur.

Frontier Bank #64
Union Bank, National Association, San Francisco, California, has assumed all of the deposits of Frontier Bank.

As of 31st December 2009, Frontier Bank had approximately $3.13 billion in total deposits and $3.50 billion in total assets. In addition to assuming all of the deposits, Union Bank, N.A. agreed to purchase essentially all of the failed bank's assets.

Frontier Bank is the 64th FDIC-insured institution to fail in the nation this year, and the sixth in Washington. The last FDIC-insured institution closed in the state was City Bank, Lynnwood, on 16th April 2010.

Discover How You Can Profit from the Current Economic Crisis

The current economic crisis makes it an ideal time to make money. And one way in which you can make money during this economic downturn is to buy and then collect on delinquent loans.

This is how Bill Bartmann became a billionaire. That was during the Savings and Loan crisis of the 1980s and 1990s and the current economic situation presents an opportunity many times greater than back then for the savvy investor.

And, if you're thinking that you don't have the education, the skills or the time to take advantage of this opportunity then think again.

1. You don't need to have a special education background to get started in the debt collection business;

2. You can learn the skills that you need to make money buying bad loans;

3. You can outsource the collection component of any delinquent loans that you do purchase and you can do so on a commission basis.

You can also get 100% financing to buy bad loans. To explain this lucrative and time-sensitive opportunity Bill Bartmann has created a FREE video which you can access by clicking the link below:

FREE Video: Make Money Buying Bad Loans

Failed Banks: FDIC Announces the Closure of 7 More Banks

On 23 April 2010, the Federal Deposit Insurance Corporation announced the failure of seven (7) more banks.

Amcore Bank #51
Harris National Association, Chicago, Illinois, has assumed all of the Deposits of Amcore Bank, National Association, Rockford, Illinois.

As of 31 December 2009, Amcore Bank, National Association had approximately $3.4 billion in total deposits and $3.8 billion in total assets. Harris National Association has also agreed to purchase essentially all of the assets.

Amcore Bank, National Association is the 51st FDIC-insured institution to fail in the nation this year, and the fourth in Illinois. The last FDIC-insured institution closed in the state was Bank of Illinois, Normal, on 03 March 2010.

Broadway Bank #52
MB Financial Bank, National Association, Chicago, Illinois, has assumed all of the Deposits of Broadway Bank, Chicago, Illinois.

As of 31 December 2009, Broadway Bank had approximately $1.1 billion in total deposits and $1.2 billion in total assets. MB Financial Bank, National Association has also agreed to purchase essentially all of the assets.

Broadway Bank is the 52nd FDIC-insured institution to fail in the nation this year, and the fifth in Illinois.

Citizens Trust Bank & Trust Company of Chicago #53
Republic Bank of Chicago, Oak Brook, Illinois, has assumed all of The Deposits Of Citizens Bank&Trust Company Of Chicago, Chicago, Illinois.

As of 31 December 2009, Citizens Bank & Trust Company of Chicago had approximately $74.5 million in total deposits and $77.3 million in total assets. The FDIC as receiver has retained most of the assets from Citizens Bank & Trust Company of Chicago and will dispose of them at a later stage.

Citizens Bank & Trust Company of Chicago is the 53rd FDIC-insured institution to fail in the nation this year, and the sixth in Illinois.

New Century Bank #54
The MB Financial Bank, National Association, Chicago, Illinois, has assumed all of the deposits of New Century Bank and has agreed to purchase essentially all the assets.

As of the end of 31 December 2009, New Century Bank had approximately $492.0 million in total deposits and $485.6 million in total assets.

New Century Bank is the 54th FDIC-insured institution to fail in the nation this year, and the seventh in Illinois.

Lincoln Park Savings Bank #55
Northbrook Bank and Trust Company, Northbrook, Illinois, has assumed all of the deposits of Lincoln Park Savings Bank, Chicago, Illinois.

As of 31 December 2009, Lincoln Park Savings Bank had approximately $171.5 million in total deposits and $199.9 million in total assets. Northbrook Bank and Trust Company has agreed to purchase essentially all of the assets.

Lincoln Park Savings Bank is the 55th FDIC-insured institution to fail in the nation this year, and the eighth in Illinois.

Peotone Bank and Trust Company #56
First Midwest Bank, Itasca, Illinois, has assumed all of the deposits of Peotone Bank and Trust Company, Peotone, Illinois.

As of 31 December 2009, Peotone Bank and Trust Company had approximately $127.0 million in total deposits and $130.2 million in total assets. First Midwest Bank has also agreed to purchase essentially all of the assets.

Peotone Bank and Trust Company is the 56th FDIC-insured institution to fail in the nation this year, and the ninth in Illinois.

Wheatland Bank #57
Wheaton Bank & Trust, Wheaton, Illinois, has assumed all of the deposits of Wheatland Bank, Naperville, Illinois.

As of 31 December 2009, Wheatland Bank had approximately $438.5 million in total deposits and $437.2 million in total assets. Wheaton Bank & Trust has also agreed to purchase essentially all of the assets.
Wheatland Bank is the 57th FDIC-insured institution to fail in the nation this year, and the tenth in Illinois.

Bill Bartmann, a world-renowned expert in the debt collection industry has predicted that the number of bansk that have failed to date is just the tip of the iceberg.

However, all is not gloom and doom. There's a way that even the average person, i.e. someone without a background in finance or without experience in investing can profit from the banking crisis. And what's more you don't have to use any of your own money to do so.

Bill Bartmann has created a FREE video that explains this opportunity in greater detail. To watch this FREE video and also to keep up-to-date with FREE webinars that Bill Bartmann also presents on this topic simply click the link below:

FREE Video: Make Money Buying Bad Loans

Bill Bartmann Puts Himself in the Hot Seat to Answer Your Questions on Buying Bad Loans

Bill Bartmann, the world's leading expert on debt collection, will be putting himself in the hot seat today, Tuesday 20 April, to answer questions on "Everything You Wanted to Know About Profiting from Buying the "Toxic" Assets from the Government for Pennies on the Dollar".

In a previous webinar Bill Bartmann received 147 questions on the subject of buying bad loans or "toxic" assets from the government - far more questions than could be answered in the allotted time. The questions revealed that while people were definitely interested in this business opportunity many of these individuals didn't fully understand the opportunity and therefore lacked the confidence to take action.

And so during this webinar Bill Bartmann proposes to give a brief overview of this business opportunity and then answer individuals most pressing questions regarding this business opportunity which has arisen because of the current economic crisis and the record number of banks that are failing. On the 16 April the Federal Deposit Insurance Corporation (FDIC) announced the closure of another eight (8) banks bring the number of FDIC-insured banks to close this year alone to 50.

These factors are creating a situation where bad loans are again flooding the market and, consequently, it's possible to buy bad loans for just pennies on the dollar. And there are opportunities that even the small everyday investor can take advantage of. Back in the 1980s during the Savings and Loan Crisis, Bill Bartmann began his involvement in the debt collection business with just $13,000. However, today you could get started with much less and you can get 100% financing to buy bad loans, regardless of your financial circumstances.

In fact, to help solve today’s banking crisis, new legislation has been passed to incentivize the private sector to help take the huge amounts of bad debt off financial institutions' books. Over a period of 12 years Bill Bartmann purchased over 450 million bad loans with a total value of $15 billion. And he borrowed from over 800 financial institutions to purchase these loans.

Today, it's even easier to get funding to buying bad loans as the government is now providing both acquisition funding as well as loan guarantees. This lowers the entry barrier for this opportunity. Even someone with a poor financial history can get the funds to get started in this business of making money buying bad loans as Bill Bartmann himself has proved. He was bankrupt and owed his bank one million dollars when he started out in this industry.

During today's webinar Bill Bartmann is actively inviting individuals to ask him their toughest questions about this lucrative business opportunity. It is his aim that by the end of the hour "you will have no illusions about how much money you can make and what you will need to make it."

Bill Bartmann has created a FREE 50min video that explains this opportunity in greater detail and when you sign up to watch the video you'll automatically receive information about this webinar where you'll have the opportunity to ask more in-depth questions.

www.MakeMoneyBuyingBadLoans.org

Plus, when you sign up for this FREE Video you'll also receive information about the upcoming webinar but you'll have to hurry because there are a limited number of lines for this webinar.

Failed Banks - 8 More Bank Closures Announced by Federal Deposit Insurance Corporation

The Federal Deposit Insurance Corporation (FDIC) announced on 16 April that 8 more banks had closed.

The most recent failed banks are:

1. Innovative Bank, Oakland, CA;

2. Tamalpais Bank, San Rafael, CA;

3. AmericanFirst Bank, Clermont, FL;

4. Riverside National Bank of Florida, Fort Pierce, FL;

5. First Federal Bank of North Florida, Palatka, FL;

6. Butler Bank, Lowell, MA;

7. Lakeside Community Bank, Sterling Heights, MI; and

8. City Bank, Lynnwood, WA.


Innovative Bank
Innovative Bank had approximately $268.9 million in assets and approximately $225.2 million in deposits. Center Bank, Los Angeles, CA has agreed to assume all deposits, excluding certain brokered deposits.

Innovative Bank is the 48th FDIC-insured financial institution nationally to fail this year, and the 3rd in California. The last FDIC-insured institution closed in the state was La Jolla Bank, FSB, La Jolla on 19 February 2010.

Tamalpais Bank
The FDIC has entered into a purchase and assumption agreement with the Union Bank, National Association, San Francisco, California to assume all the deposits of Tamalpais Bank.

At the end of 2009, Tamalpais Bank had approximately $628.9 million in total assets and $487.6 million in total deposits.

The Tamalpais Bank is the 49th FDIC-insured bank to fail this year and the 4th bank in California to fail.

AmericanFirst Bank, Riverside National Bank of Florida and the First Federal Bank of North Florida
The deposits of AmericanFirst Bank, First Federal Bank of North Florida and Riverside National Bank were all acquired by TD Bank, National Association, Wilmington, Delaware. The three failed banks were not affiliated.

At the end of 2009 AmericanFirst Bank had total assets of $90.5 million and total deposits of $81.9 million. The First Federal Bank of North Florida had total assets of $393.3 million and total deposits of $324.2 million. The Riverside National Bank had total assets of $3.42 billion and total deposits of $2.76 billion.

Butler Bank
People's United Bank, Bridgeport, Connecticut has agreed to assume all the deposits of Butler Bank. At the end of 2009, Butler Bank had approximately $268.0 million in assets and approximately $233.2 million in deposits.

Butler Bank is the 47th FDIC-insured financial institution to fail this year and is the first bank to fail in Massachusetts thus far this year. Prior to this failure the last time a bank failed in Massachusetts was in 1994 when the Ludlow Savings Bank closed.

Lakeside Community Bank
The Lakeside Community Bank is first bank to fail in Michigan this year but and the 43rd FDIC-insured bank to fail. The last bank to fail in Michigan was Citizens State Bank in New Baltimore which closed on 18 December 2009.

At the end of 2009 Lake Community Bank had approximately $53.0 million in total assets and $52.3 million in total deposits.

The FDIC was unable to find another institution to take over the banking operations of Lakeside Community Bank and so the FDIC will mail cheques to depositors for their insured balances on Monday, 19 April.

City Bank
Whidbey Island Bank, Coupeville, Washington is assuming all the deposits of City Bank.

At the end of 2009, City Bank had approximately $1.13 billion in total assets and $1.02 billion in total deposits.

City Bank is the 50th FDIC-insured bank nationally to close this year and the 5th bank in Washington to fail this year.

How You Can Profit from the Current Banking Crisis

Bill Bartmann, a leading authority in debt collection, recently stated that he believed that as many as 1,000 banks will eventually fail this year. And so, this could just be the tip of the iceberg.

However, the banking crisis actually creates a special opportunity for ordinary individuals to profit. The opportunity comes through buying bad loans for pennies on the dollar and then collecting many times your initial investment. And the type of delinquent loans that Bill Bartmann recommends the everyday investor purchase are consumer loans such as charged-off credit cards debts.

It's possible to get started with a small investment and there are ways to obtain 100% financing for the loans you purchase. What's more, as well as making money yourself, this is an opportunity where you can also help others who find themselves experiencing financial hardship.

It's what you'd call a WIN-WIN situation.

Bill Bartmann explains the opportunity in greater detail in a special FREE video which you can access by clicking the URL below:

Profit from the Current Banking Crisis

How You Can Make Money From Credit Card Debt

Make money credit card debt? Sounds like a contradiction in terms, doesn't it? But instead of falling victim to the current banking crisis you can seize the business opportunity that lies within with respect to making money from credit card debt.

Credit cards are the most commonly available consumer loan. And, once upon a time, financial institutions almost thrust credit cards into people's hands because they knew they could make a big profit on these products. However, this trend is on the decline because of the sheer numbers of people who are defaulting on their payments.

Unfortunately, people generally are just not programmed to be able to handle credit cards responsibly. And so, even if individuals start off paying off their credit card balance on a monthly basis they often end up in a situation where at some time they're unable to pay off their balance. From there on it's just a slippery slope. And when this happens repeatedly the debt can mount up.

There are literally millions of people currently struggling to make credit card payments. This has created a great business opportunity where you can literally help yourself by increasing your income while helping others decrease their debt. And this is where acquiring credit card debt can actually be profitable.

It's possible to purchase delinquent credit card loans for just pennies and the dollar and then collect on these loans to make a profit. Now you may be thinking that if people were not paying their credit card debt to the bank or other company from which they initially obtained their credit card why would they pay you?

The thing is that banks don't have the flexibility to offer discounts to delinquent customers. If they did this, it would set a precedent and what could ensue could be disastrous for banks.

And so, after a certain period when a loan is not repaid, a bank writes off the loan as an uncollectable debt. Then, in order to salvage something out of this situation the bank then sells the loan at a vastly reduced rate to a debt collector. The debt collector can be a large agency and it can even be an individual.

Consequently, the debt collector has more bargaining power when it comes to dealing with loan defaulters. Often people default on their credit cards because they simply fall upon hard times. In other words, it's not about a lack of desire to pay but instead an inability to pay.

However, in many cases, these individuals are able to pay a smaller amount and in some cases can even come to an agreement with the debt collector to settle their debt for a fraction of what they owe. This creates a win-win situation. The individual gets to clear their debt and the debt collector makes a profit.

Now in this business model, although you would be purchasing the loans you don't actually have to personally go about collecting on those loans. This is something which you can outsource to a debt collection agency. And you can pay the debt collection agency on a performance or commission basis, i.e. they are paid out of what they're able to collect.

After all, calling individuals about loan repayments is definitely not something that all people enjoy doing. Plus debt collection companies usually have a system for collecting payments. And while hiring a debt collect agency may eat into your profits, it frees up your time to source the best delinquent loans so that you can increase the volume of transactions that you do.

And you can even do this on a part-time basis working from the comfort of your own home. It's an excellent opportunity to boost your personal income while helping others who may be experiencing financial hardship.

If you'd like to learn more about how you can make money buying charged-off credit card loans and helping others to reduce their credit card debt then click the link below for a FREE video where Bill Bartmann, one of world's most foremost experts on debt collection will explain this business idea in greater detail:

FREE Video: Make Money From Charged-Off Credit Card Loans

Bill Bartmann on FOX Business Discussing FDIC Loan Auctions and How They Will Increase the Number of Failed Banks

FOX Business: Failing Banks and the FDIC

Bill Bartmann was recently interviewed by FOX Business about the recent and upcoming FDIC loan auctions and how these auctions will increase the number of failed banks.

The interview was streamed live from Bill Bartmann's 5-day intensive workshop on Buying Bad Loans in Palm Springs.

Thus far, the Federal Deposit Insurance Corporation (FDIC) has sold about $4 billion commercial real estate assets seized from failed banks. These sales could trigger devaluations that could signal the end for a number of smaller banks across the country.

The FDIC was scheduled to auction a $400 million portfolio of performing and non-performing assets from the failed Silverton Bank today. This auction would be another heavy blow for Georgia as many of the banks which have already failed this year have come from this state and this auction would certainly endanger many more smaller banks.

This particular $400 million dollar portfolio consists of 62 loans of which 61 are performing. The remaining non-performing loan relates to The W - a 28-storey hotel and condo tower at Allen Plaza. The W has had mixed fortunes with the hotel performing reasonably well but only 1 of the 72 upscale condos has been sold.

The construction of this building was financed by a $87 million dollar loan of which the Silverton held more than $25 million dollars. However, 26 other banks nationwide hold smaller pieces. And this is just the W.

Fulton County Superior Court Judge Jerry W. Baxter has issued a restraining order against the FDIC that stays the auction. The banks along with the Silverton that have stakes in the W have argued that an auction could lead to massive write-downs of capital. This could prove catastrophic for several community banks if they do not have the reserves to offset the losses.

"The FDIC has been selling commercial and residential loans for an average of 43 cents on the dollar for performing and 28 cents on the dollar for non-performing. In some cases where the buyer will be required to invest huge sums of money, the FDIC has sold assets for even less."
Bill Bartmann

Commercial real estate property values have tumbled an average of 40 percent and banks, wanting a lower loan-to-value ratio, are reluctant to refinance their CRE loans. This will trigger a lot of foreclosures – the W has, to date, narrowly escaped foreclosure.

According to a recent report by the Congressional Oversight Panel (COP) there are nearly 3,000 banks currently classified as having a risky concentration of commercial real estate loans. All of them are small to medium-sized banks which have already been weakened by the current economic crisis.

However, many of the loans made were downright reckless and one could say that the chickens are now coming home to roost. The end result is though that many more banks than originally forecast will fail this year.

"The official forecast is that the banking industry could suffer losses of up to $200 billion to $300 billion. I think it will be much worse than that and eventually we will see at least 1000 bank failures."
Bill Bartmann

Ironically, this situation opens the door to a lucrative opportunity for the average person and everyday investor to make money buying bad loans. This is an area that Bill Bartmann specialises in.

The FDIC strategy for loan auctions is to first sell the assets that will generate the largest amount of cash the fastest and then work through the portfolio of assets in a stepwise fashion.

The opportunity for the small, everyday investor to benefit from these loan sales is when charged off consumer loans such as credit cards loans are sold. These can often be obtained for just pennies on the dollar making it relatively easy for the investor to make a profit on their investment upon collecting on those loans

For a FREE video from Bill Bartmann explaining this business opportunity, i.e. how you can make money buying bad loans , in greater detail visit:

How to Make Money in a "Bad" Economy

Discover How You Can Partner the "Bailout Billionaire" and Profit from the Current Banking Crisis

People are generally so attentive to the negative aspects of this crisis that they are missing out on the many opportunities that exist during times such as these.

You may immediately think that it's only the rich who profit in times of economic crisis but this is not so. There are opportunities that anyone can take advantage of, regardless of their financial circumstance, if they had the know-how.

But time is running out.

~ Wouldn't it be great to emerge from this economic downturn in a stronger financial position than ever before?

~ Wouldn't it be great if you learnt how to profit from the current economic crisis instead of becoming overwhelmed by it?

Well, it possible but, if you decide that this opportunity is for you, you'll have to act FAST.

One of my mentors is Bill Bartmann. During the last banking crisis and government bailout (aka Savings & Loan Crisis) he made a multi-billion dollar personal fortune. And he did it by buying failed banks' delinquent credit card debt for pennies on the dollar.

In other words, he made money buying bad loans.

But there's something very important to note here. Today's banking crisis and government bailout is roughly 10-times larger than the Savings & Loan Crisis where he made his first fortune.

So what do you think Bill Bartmann is doing?

Of course, he's working aggressively to seize this bailout opportunity again but he's working to a revised business plan. He's creating partnerships with entrepreneurial-minded individuals to help bring his plan to fruition.

During the Savings & Loan Crisis Bill Bartmann built a 3,900 person company that was credited with revolutionizing the debt collection industry.

The drawback is that it took 12 years to build.

There's a saying that it always takes longer to make your first million (or billion) dollars. For once you have the know-how the second is far easier to make - thankfully.

You see the primary window of opportunity is open now but it could close within the next 36 months. So time is of the essence and a different strategy is needed this time round.

Bill Bartmann's team refer to his new plan as "Operation: Divide & Conquer" and here's the reason why.

Instead of building one colossal, localized company Bill Bartmann is spawning the creation of hundreds of smaller, more flexible enterprises which are run (and majority owned) by an individual entrepreneur owner/operator.

Are you beginning to see the picture now? And, more importantly, can you see how you can fit into this picture?

Think about it...

Here's an opportunity to be mentored by a billionaire and to potentially become his equity partner.

Bill Bartmann has produced a very special video where he explains this opportunity and how you can take advantage of it in greater detail.

You probably have a lot of questions running through your mind at the moment. Well, this FREE video is a great starting point to get at least some of those questions answered.

Opportunities like this do not come around every day and this is an opportunity that could potentially transform your life so click the link below now to learn how you can partner with a billionaire and profit from the current banking crisis.

Partner with a Billionaire

Bill Bartmann Releases Special Report - "Bankrupt to Billionaire: How to Make Money in a Bad Economy"

Billionaire Bill Bartmann has released a new report - "Bankrupt to Billionaire: How to Make Money in a Bad Economy".

One of the aims of this special report is to demonstrate to entrepreneurs as well as other individuals who may simply regard themselves as enterprising rather than entrepreneurial the enormous but time-limited opportunity that currently exists to not only profit during this downturn economy but to profit as a result of it through making money buying "bad" loans.

"Bad" loans is a term coined to describe delinquent loans. It's a subject that Bill Bartmann is an expert on having gone from bankrupt to billionaire through buying such loans for pennies on the dollar and then collecting dimes and quarters on the same.

Over a 12-year period Bill Bartmann purchased over 4.5 million individual delinquents loans with a total face value of $15 billion dollars from over 800 banks. At its peak, his company, Commercial Financial Services (CFS), employed 3,900 people.

Bill Bartmann admits that he thought he would never again see an economic downturn like what occurred in the 1980s and 1990s with the Savings and Loan crisis where 747 savings and loan associations failed. But, naturally, events over the past couple of years have certainly changed that view.

The current crisis is bigger in magnitude than the Savings and Loan Crisis and therefore, for those in the know, so is the opportunity. Hence, while others are lamenting over the current economic climate, Bill Bartmann is relishing it because it represents familiar turf to him. He knows exactly how to use the current economic environment to his advantage.

"When this banking crisis started to happen I realized that I've seen this movie before, and know exactly how it ends. I couldn't believe my good fortune to think that I get to take advantage of this TWICE in one lifetime."
Bill Bartmann

However, this time he has decided to use a different business strategy. Instead of creating one colossal company as he did with CFS, he's decided to create approximately 100 business partnerships. This presents a unique opportunity for individuals to partner with a billionaire. He explains this premise in greater detail in his Special Report.

You can a copy of this FREE Special Report - "How to Make Money in a Bad Economy" by clicking the URL below:

FREE Special Report - How to Make Money in a Bad Economy

And remember...

"If you know what you're doing a "bad" economy can be your greatest opportunity to create wealth."
Bill Bartmann

Make Money Buying Bad Loans? You Must Be Joking!

This is no joke. you can make money buying bad loans. And here, in a nutshell, is how it works...

After doing your research, you purchase a set of loans for literally pennies on the dollar. And then you collect nickels, dimes and quarters on those loans. The premise couldn't be simpler.

But why would someone pay me rather than a bank?

Banks have to abide by certain rules and regulations which limit their flexibility. After a loan goes unpaid for certain length of time the bank has to write off the loan.

It then sells the loan to a debt collector and this can be an agency or even an individual. At present, the sheer volume of loans has driven the price of the loans way down.

So let's look at potential profit margins for a loan package with a face value of $100,000 (say 20 loans of $5,000). Consider the scenario where you pay 5 cents on the dollar for the loan package and you hire a collection agency that you pay 1/3 of your profits. Further, say the agency is able to collect 15 cents of the dollar this would leave you with a profit of 5 cents on the dollar.

Face Value of Loans = $100,000
Collect at 15% = $15,000
Less Purchase Price (5%) = $5,000
Less Collection Fee (33.3%) = $5,000

Profit = $10,000

This is just an example and while it demonstrates what is possible it does not necessarily represent typical results.

However, I hope that you can see the potential of making money buying bad loans. And this is extremely scalable.

The world is currently undergoing an economic crisis. And this is not being negative or pessimistic. It's simply stating a fact.

However, there are many individuals who are doing well in this economic climate. And you can be one of those individuals to profit during this recession by buying bad loans for pennies on the dollar and, at the same time, help others who have found themselves in a difficult financial predicament.

You may be thinking that you'd be taking advantage of such individuals. However, you'd actually be doing them a favour.

Take the case of Susan. Susan has such a large credit card debt that she can no longer meet the monthly payments. The credit card company is hounding her almost on a daily basis but she just doesn't have the funds to increase her payments.

Then a debt collection company contacts her. She is both wary and weary for she's at her wits end trying to resolve her current situation. The person who speaks to Susan is polite and understanding of her predicament. Susan is offered a range of different and more flexible payment options and among those options is one which she can actually meet. She agrees to this new payment plan and agrees with the debt collection agency to review this plan periodically.

Alternatively, Susan may be offered the opportunity to clear her debt at a significant discount. And it may be that she's able to raise this smaller sum of money and clear the debt once and for all.

It's a big weight off Susan's mind. However, it also means that the debt collection agency makes a profit on this particular debt.

So if you'd like to learn more about how you can make money buying bad loans while helping others out of a financial predicament click the link below for a FREE video which explains this opportunity in greater detail:

FREE Video: "How to Make Money in a Bad Economy"