According to the agreement signed by the two billionaires yesterday, BTG will provide financial advice, lines ofcredit and future long-term capital investments in projects.
What supply-side measures Mr. King had in mind he refused to say, although it is notable that the Treasury last year rejected his advice to underwrite a further recapitalization of the banking system to free up the supply ofcredit.
Therefore, the best advice for people with bad credit is to dilute the negative information by maximizing the amount of positive information coming into their credit report on a consistent basis.
Later this year it will add computer-packaged stock portfolios (of the sort pioneered by FolioFN) and then electronic advice service, with combined debit and credit cards to follow.
The credit crunch shrank interest rates significantly to the dismay of millions of borrowers who followed the adviceof professionals or saw the risk without external influence.