Peter Payack Finance

WEBWIRE – Tuesday, March 10, 2009

At this critical time for the future of America and the world, former Vice President, Nobel Prize for Peace Laureate, Al Gore has been called upon to serve his country once again as Managing Director of the $1 Trillion Fund America program. This program will provide full funding for what Thomas L. Friedman labeled a “Code Green Economy” in his book, “HOT, FLAT, and CROWDED”.

Based upon the successful Micro-Finance financial paradigm, Fund America is a detailed Fiscal Monetary Policy proposal and Tax Initiative. John Hatch founder of the micro-finance group FINCA International, based in Washington, D.C. reacted to the original proposal saying “I believe you have conceived of the funding vehicle that will finance the end of world poverty as we know it”

Creating 5 Million jobs in 18 months, this plan provides for a budget neutral $1 Trillion Cash Infusion into the banking system and on into the economy without $1.00 of direct government funding. Fund America will fully finance a Code Green Economy (as defined by Thomas Friedman); infrastructure construction; vocational training; higher education; urban renewal, low income housing, micro-finance; and Medical, Energy, and other R & D.

Asked for comment, Neal Katz, Founder of The Prosperity Mandate noted, “I believe Al Gore has the depth of understanding and the outright clout to see this project through. He is being asked to work closely with a bi-partisan, diverse, and multi-disciplined Board of Advisors along with Mitt Romney as Co-Managing Director. These two gentlemen, as well as the balance of the Board of Advisors, may be strange juxtapositions, but it is going to take a full national consensus to accomplish the necessary critical mass and velocity.”

The proposed Board of Advisors includes Eli Broad, John T. Chambers, Alexander Friedman, John Hatch, Jeffrey R. Immelt, Michael Milken, Charles Munger, Colin Powell, Joseph Stiglitz, Tom Tierny, and Meg Whitman.

Inclusion in the list above, does NOT indicate that the individuals named have agreed to direct The Prosperity Mandate. The list is offered to show the prestige, authority, and diversity requisite to make a program of this magnitude and complexity work.

For more information on The Prosperity Mandate, visit: http://theprosperitymandate.org

Exasoft’s Innovative Software Tools Help Home Owners Manage their Finances

Home owners are finding they have more money in their pockets this month as mortgage rates drop again …. but the question is what to do with it?

Anyone with a £150,000 mortgage on a standard variable rate on a 25 year term would have seen their monthly payment drop £40 to £800 this month (*Based on Halifax SVR)

And their repayments will have dropped considerably since the start of the credit crunch last August, giving them significant extra disposable income.

While many will consider over-paying their mortgage to reduce their debt, others may feel, that with credit currently difficult to obtain, it is better to keep the extra cash to hand in case it is needed.

But with the Bank of England base rate just one per cent – the lowest ever in its 315-year history – it can be a challenge to find a savings account with a decent rate of return in which to put your money.

That is where two new software tools – Mortgage Mate and Savings Mate – can come to the rescue of bewildered consumers.

Software solutions firm Exasoft plc has developed the software which uses simple slider buttons on screen to allow people to look quickly at different scenarios.

Mortgage Mate shows home-owners how quickly they can pay off their mortgage if they take advantage of the low interest rates by overpaying each month. Using the slider buttons, they can vary the size of overpayments and see instantly on screen how much that will shorten the term of their mortgage.

If they suspect they would rather make use of the extra cash now, Mortgage Mate will demonstrate to them – at the click of a mouse – how much cash they will save with each drop in mortgage interest rates.

They can then turn to Savings Mate to see which savings accounts will give them the best return, tailored to their personal circumstances. Equally easy to use, Savings Mate allows savers to compare up to three different accounts on screen at any one time and will highlight the one which gives the best return.

Using the slider buttons, savers can specify how much they want to put aside each month, whether they want to invest any existing savings into the account, and the exact interest rates of different accounts.

Alan Malik, Managing Director of Exasoft, said: “In these difficult economic times, it is vital that people make the right decisions about their finances, and sometimes they are faced with a maze of complexity.

“Mortgage Mate and Savings Mate can help people see – at the click of a mouse – exactly what benefits they can get from saving regularly or paying off their mortgage more quickly.

“Gone are the days when they would have to do a tedious back of the envelope calculation for every different scenario ….. Mortgage Mate and Savings Mate does all that for them, in seconds.”

Founded in 1993, Exasoft is the market leader in software solutions for handling the hundreds of thousands of mortgage and endowment complaints made to financial institutions in recent years. In 2006 it was awarded the prestigious Queens Award for Enterprise: Innovation.

Its software was adopted by the Financial Ombudsman Service when it merged with the Banking Ombudsman, to work out the compensation due to people who were mis-sold endowments.

Exasoft plc has a host of blue-chip clients, including HSBC, Royal Bank of Scotland, Barclays and HBOS.

Editor’s Note: for further information contact Century Public Relations (Tel: 024 7622 8881).