bailout

Many Americans find themselves in quite the situation financially these days.  Their situation is nothing short of bondage.  They are completely trapped because of years of borrowing money to finance a lifestyle that was unattainable without debt.  They aren’t the only guilty party.  The government has encouraged it and the banking system was more than [...]

I know a lot of you have been following Larry Swedroe’s work and I want to let you know that Larry has launched his own blog at CBS Money Watch called Wise Investing — please check it out.

Congratulation Larry, and thank you for all your help over the years!
The Roundup
Before starting the roundup, I want [...]

I am finally done with my tax returns, and my parents too, but haven’t send them in yet because I like to print them out and go over everything one more time. There’s something about computer screen that doesn’t lend itself to careful error checking.

As per my earlier review of TurboTax, I decided to prepare [...]

There are plenty of people telling you to flee the stock market right now. There are also those in the crowd that says now is a great time to buy. If you have a very long-term perspective, I tend to agree with the latter. In this post, I’d like to discuss not if you should [...]

The first Presidential Debate was terrific.  Both Senator McCain and Senator Obama shared their thoughts about The Financial Crisis of 2008.  I was ecstatic when Obama clearly articulated other crises that also require our attention, but I also have to give McCain a credit for using the word GREED to explain our current dilemma.
10 Day [...]

When I listened to President Bush’s speech the other night, I noticed that my analysis of what caused the Financial Crisis of 2008 was right on target.  Too bad President Bush didn’t say anything about greed!  Personally, I don’t know if the $700 billion dollars bailout package will fix the problem, but the amount of [...]

Well, looks like we are having a rash of carnival crises here. Yesterday the host of the Festival of Frugality bailed and David at My Two Dollars bailed out the carnival with an emergency edition of the Festival of Frugality, and it’s our turn today! Here’s my quick and dirty bailout edition of the Money [...]

I think we can sum up the cause of our current economic crisis in one word — GREED.  Over the years, mortgage lenders were happy to lend money to people who couldn’t afford their mortgages.  But they did it anyway because there was nothing to lose.  These lenders were able to charge higher interest rates [...]

Last week was incredible in many ways.  Most notable were Lehman Brothers failure, Merrill Lynch sale, and AIG bailout.  The wild swings over the last five trading days definitely woke up a few people.  It’s times like these that we learn more about ourselves and help us understand if we really have our ducks in [...]

What is the FDIC Insurance? The FDIC Insurance, or simply bank insurance, is meant to preserve and promote public confidence in the U.S. financial system by:

Insuring deposits in banks and thrift institutions for at least $250,000;
Identifying, monitoring and addressing risks to the deposit insurance funds; and
Limiting the effect on the economy and the financial system [...]