bank failure

There’s a quote by Gene Brown that says “One good thing about being young is that you are not experienced enough to know you cannot possibly do the things you are doing.” As I enjoy my second month of being retired from my job, I reflect back on the things that my husband and I [...]

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 [...]

American International Group is facing a serious liquidity crisis and potentially a complete failure.  However it’s being saved by the U.S. government who loaned $85 billion dollars to AIG and assumed 79.9% stake in the insurance company. Personally, I don’t like the idea of government bail out, because I believe these companies should have done [...]

When I started Moolanomy last July, I didn’t expect this level of success. I could fool myself and say that it’s due to my amazing intellect and superior command of the English language — but that wouldn’t be true. Actually, I am quite glad that so many of you stick around to read what I [...]