August 10, 2009

Cash looks like a new market

The U.S. Patent and Trademark Office said it had 110 pending trademark requests that included the phrase Cash for ... on its files.

The requests include Ca$h for Tra$h, and Cash for Gas as the many variations point to a common denominator: in a recession that began in December 2007, U.S. citizens may be strapped for cash, The Washington Post reported Monday.

One of the more successful entrepreneurs in the quick-cash business, Cash4Gold, said it paid out $100 million since its began in 2007.

Company President Jeffrey Aronson even wrote to Congress and the White House offering to assist in the Cash for Clunkers program, in which the government offers rebates of up to $4,500 for car buyers who trade in their vehicles for more fuel efficient models.

The program accepted about 184,000 cars and paid out about $775.2 million as Wednesday, the newspaper said.

They've done an admirable job, Aronson said. We could lend another level of expertise.

Aronson, however, has not heard back from Congress or the White House, he said.