Finance Questions

Archive for June, 2008

Question: Explain why you agree or disagree with the following statement?

"Public schools should be required to offer socially oriented courses, such as sex education and Personal Finance, because such courses help students cope with problems in society."

Answer: I believe what classes a school offers is up to the community's discretion. I believe, in highschool, religion classes, which are socially oriented, should be offered. I'm not religious, perse, but it'd be enriching to take that course. If a student does not want to take these classes, or a parent does not want his or her child in the course, it is their choice.

Introduction to Personal Finance at Purdue (CSR 342)

Question: Can anyone tell me if "Lloyds Bank" Finance Loan Department is a legitimate bank for loan in the US?

I have just recieved an email from them offering me a loan from 0-$500,000. And I am wondering if it is for real before I send any personal info. Contact Person: James Douglas, and From The Desk of Managing Director
Lloyds Bank Finance Loan Department
Address: C/ San Pedro 56,
28032 Madrid Spain
Email: [email protected]
Lloyds TSB Bank Finance Dept
Tel: 0034-659-018-385 :Ext 9
E-mail:[email protected]
Contact Person: James Douglas
I have no idea how to research this. Thanks for any ideas

Answer: It's a scam -- "consultant.com" and "financier.com" are both free email addresses (just like yahoo.com). Any mail from Lloyds Bank would be coming from lloydstsb.com.

These are scammers -- if you did apply for a loan, you'd "qualify", but you'd need to send a few hundred dollars as collatoral (or paper processing fee, or some other excuse), and it would be stolen.

Best to block and ignore their emails.

The 2008 Economic Crisis: Part 1