for the "Current Month"
Studebaker Worthington Leasing Sold to State Bancorp
LeaseExchange To Receive "Live" Pilot
U.S. Capital, Santa Barbara, California--A Mail Box!!!
Efinanceworks to Return $150 Million
Greenspan Says Economic Downturn Isn't Over Yet, Blames
Kropschot Financial Announces Completed Transactions
Advance Rental Controversy Continues
Earthquake in NorthWest--just happened.
Finova Bailed Out by Buffett-Led Group
eFinanceWorks Bites the Dust
United Capital Survives---They Say.
Advance Rentals and/or Committment Fees?
VenServe Gets New CFO-- R. Jeff Macartney --formerly Balboa/Col.Pacific/LB Credit
Sixty-Two Percent Of The $1 Million Plus Homes Sold In 2000 Were Located
Viking Capital Enteres China Arena---
Bob Rodi to Give Special China Leasing/finance Report in March---
March 14,2001 The Los Angeles Venture Association:
-- More than $100 billion in capital sources to be represented
amongst the 65 speakers from leading firms in the investment capital field....
full story and agenda near end of report
-- Requesting a Proposal
February 26, 2001 -- Advance Rentals---Rage!!!
eLease--Employes Let Go, Prime Street is "History."
Finova Hurtle Tomorrow---Dow Jones Predicts Showdown
(( note: Lehman Bros. ( who are also involved with United Capital) are
discouraged,in addition, Finova needs operating cash---see story ))
Advance Rentals---Ken Greene,Jr./Barry Marks/Name and Company Name With Held
Ampent/PDC Solutions "Small Ticket Internet Platform"
UAEL Funding Retreat--early returns
Auto Leasing Customers Sues Banc One over "Late Fees"--Triggers Class Action Suit
Farm Credit System Reports $1.422 billion Year-End
( They are also very active in equipment leasing. editor )
February 22, 2001 -- New Trouble at GATX Jury Trial
WINR Business Credit Changes Name to TCF Express Leasing
Microfinancial Turns Internet Profits
Advanced Rentals Comments
What American Express Brings to Sierra Cities Besides a Lot of Cash
February 21, 2001 -- Preferred Capital/Advance Rentals
AccessLease.com Becomes Ampent
Baltimore Technologies and eOriginal Enter WWW Fray
Citibank Also Picks Up Dell Computer Financing
Comdisco Gets Serious Class Action Fraud Lawsuit
Rents in Fog City Falling After Dot-Com Shakeout
( Is Silicon Valley Next? )
Readers Rate the Rodi-Goodman Show------------
February 21, 2001 -- Steve Geller will be joining the Leasing
News Advisory Board
Preferred Capital/Capital Werks--Announcement Soon!!!
Where We Get Our News-----
Amstat Joins On theDock.com
Lyons Financial to get New Digs
More on JDR and U.S. Capital--There is a Soap Opera here!
Heller Quits Doing SBA Loans
Oracle Has the Ex-President and B2B, too at Emeril Lagasse http://starchefs.com/ELagasse.html
GATX and Airplane Warranties
Netbank CEO Gets Federal Reserve Board of Governors Appointment
Rodi-Goodman---Will You Pay to See Them Wrestle at a Leasing Conference????
Lyons Credit Correction to Yesterday's Story
Lyons Credit:-) Still Seeking New Business
You Heard It Here First:-( eLease Bites the Dust
Sierra Cities--Houston Chronicle Story--Quotes "Leasing News"
J.D.R. Complaint Backfires????? What is Your Opinion?
$100 Million Office Equipment Leasing Conviction, Newark, New Jersey
Lafayette, Indiana Loan Indictment--Trailer Tractor Industry
and THE "DINOSAUR" RESPONDS -to Mr. Bob Rodi a "pompous ass"
Rodi Doesn't Take it Standing Down-----Hits Back
United Capital---Leasing News Would like to hear from Steve Dallas
( We have e-mail, phone messages to his cell phone, plus have
spoken to United Capital attorney to obtain a comment, verify
or deny the many broker complaints we are receiving.editor )
"Smartmoney" Expects Finova to Fold along with other large leasing companies )
" the truth is no one really knows how bad the credit-quality issues are
at the nation's banks ( leasing companies)."
"DowJones" Sees It the same way as "Smartmoeny" re: Finova
( "When Will the Bad News End???" )
Lyons Capital--Remembered ( List to be Corrected )
U.S.Capital, Santa Barbara--makes "Customer Complaint" List
Bay View Capital Reports fourth quarter 2000 net loss of $92.5 million
CIT Freezes Broker Business--But They Want the Fashion Industry:
7thOnline Provide Financial Services to the Fashion Industry via CIT
Sterling Bancorp Declares 221st Consecutive Quarterly Cash Dividend
Penske/Rollins Truck Merger Deal Gets Clearance
February 14, 2001 -- First Sierra sold to American Express for $5.68 per share in cash. We predicted this last week, naming the company and floor price. American Express active in
equipment leasing, likes what it sees, and Sierra Cities is the vehicle,
not Advanta or others that it has viewed to purchase.
-United Capital Warning--from "Name With Held"
-Wells Fargo Equipment Leasing Pres. Jim Renner Views 2001
-Conseco Accused of Falsifying Data
-Finatra Moves to Consumer Financing/No More Commercial Financing
-Banks Investing Millions in mBanking
-Ken Goodman Returns Bob Rodi Gauntlet
-GE & FEI Good News
February 13, 2001 -- CIT is Closed to Brokers!!! Official
Brian Madison Leaving U.S. Mellon--also U.S.Mellon for Sale????
It is Official: GATX Buys El Camino Portfolio
( as we reported a month ago, world's largest independent leasing
company is now ATEL Capital, San Francisco)
Dana Corp. posts a fourth-quarter net loss-once a major player in leasing
First Sierra: Announcement to be Made Late Thursday
Greenspan "Sober" Message--Fed Ready to Act ( but really only affects 10%
of bank business, tax cut appears necessary for economy. editor )
Rodi Throws the Gauntlet: "... keep charging those fees. Now that I think of it it's a
great sales tool that I can use against you." Bob Rodi, LeaseNow
eMarket Signs GMAC
Broker Says, "Let's Stick to Major Issues": Survival
How Much Will You Save: Pres. Bush Tax Plan aka www.turbotax.com
Venturi Sticks Funder with $2 Million Loss--Who is it?
Fitch Changes Rating on CIT and others ( bottom of report )
Netbank Gets NCR On Line
Point Capital, San Francisco, Appeals NASDAQ De-Listing
Arizona Cardinals Get New Stadium ( what the heck?
It's a big news day, and this is important to all fans ).
February 12, 2001 -- CIT-Atlanta Open or Closed?
Old Kent Closing Doors to Broker Business
More Pro Linda Kester
Funders Leasing Fee Comments
NCC Scam--Vendor "sale/leasebacks" as New Equipment
eSignatures--Business Technology Editors----
GE Named "Most Admired Company" by Fortune Magazine Survey
( Fourth Year in a Row!!! no wise cracks accepted, you're just jealous )
Comdisco Electronics Tops $100 Million in Sales in First Year in Mexico
The Story " Sierra Cities "Private Labels" CompuBank " we considered not as
a major story. Compubank announced a similar program for loans on
January 17th with Lending Tree.We will re-print it at the end of today's newsletter.
We expect more news about Sierra Cities, but will not wait any longer to send out
I expect the suitor to be American Express, who were trained by Advanta personnel
and they thought American Express would buy them, but did not. American Express
has cash, great customer base, and is approving deals at low rates without much
information like they have money to burn. $5 floor rate is the scuttlebutt on
the marketplace. As I have stated before, Depping is perhaps one of the best
leasing salespeople in the business, a real magician, and I don't think
this is just cigar smoke. editor ).
February 09, 2001 -- Linda Kester Pro and Con
NCC: "Deja vu all over again."
Compaq Leasing--Now Offers Free 60 day Trial
CompUSA Goes to Trial in Texas--fascinating story
Source Capital Declares Dividend
they stopped accepting lease broker application last November.
" the Company experienced significant early loan pay downs in the fourth quarter of 2000 causing an 18% decline of loans outstanding from the beginning of the quarter to December 31, 2000. The decline in loans
outstanding during the fourth quarter was a significant contribution
to reduced fourth quarter earnings. "
February 08, 2001 -- NCC Enterprises: Fraud Alert
Joe Bonanno Has a Web Site!!!
Charter One Registers Its 25,000th Online Customer--Free Banking/Service
EqualFooting.com Launches New Financial Technology Company Called "Equidity"
Banc One, Heller Financial Team With Compaq Leasing/Finance
PAYNET Partners with Predictive Business Decision Systems--New
Top Gun Schedule
Linda Kester: Let's Get Some Positive News
February 07, 2001 -- EAEL-NAELB Joint Meeting Comments
Linc Capital--Chapter 7 Filing
Howard Clark--American Express Visionary Passes Away
PLM International Deal Completed
The List is Up-Dated
Closes former "Tilden Operation" in New York and Anaheim
We hope to have reaction to the EAEL/NAELB Atlanta Joint Meeting Happening as You Read This
01, 2001 --Steve
Geller Says "Goodbye" as Orix Closes Rediscount Center
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