Finance Junkie at Pluggedinfinance had a pretty good idea. Why not allow WalMart to bail out one of these failed banks?
I think it’s a splendid idea. I like WalMart. I disagree with the arguement that WalMart puts mom and pops out of business. I think that WalMart makes life better for a pretty large number [...]
Earlier today, banking giant WaMu, was put into a conservatorship by the U.S. Treasury. That’s a nice way of saying that the bank was failing and failing fast. I’m of the opinion that if they can’t handle their money very well and fail, then let them fail. Sure it disrupts things, but that’s the American [...]
Let me start by saying that investing is risky business. You should consult a professional for professional advice before doing any investing. I’m a hobbyist, not a professional.
What exactly is dollar-cost averaging?
Dollar-cost averaging is a method of long-term investing. By buying stocks in smaller chunks over time, the amount you pay for the stocks will [...]
I just got word that WaMu will be raising their rate on their online savings accounts to 4.00%! Looks like the rates really might be back on the rise.
Of course, WaMu is reportedly in trouble so it could just be a ploy to get some quick deposits so that they can get a little capital [...]
With apologies to Wil for republishing in entirety.
REQUEST FOR URGENT CONFIDENTIAL BUSINESS RELATIONSHIP
From: Minister of the Treasury Paulson
Subject: REQUEST FOR URGENT CONFIDENTIAL BUSINESS RELATIONSHIP
Dear American:
I need to ask you to support an urgent secret business relationship
with a transfer of funds of great magnitude.
I am Ministry of the Treasury of the Republic of America. My country
has [...]
The Dow dropped by nearly 504 points (503.99) yesterday. Now what? Don’t panic. As the bells start ringing to open the markets again today, they will likely slip even further. Don’t panic. There’s a silver lining to this.
I’m an optimist. The glass is always half-full. The silver lining here is actually a benefit of Dollar-Cost [...]
Mortgage giants Freddie Mac and Fannie Mae will be placed into a conservator-ship by the Feds.
The plan, which was delivered by Treasury Secretary Henry Paulson and James Lockhart, director of the Office of Federal Housing Enterprise, places the twin mortgage buyers into “conservatorship” to be overseen by the Federal Housing Finance Agency. Under conservatorship, the [...]
If you’re smart, and you are since you’re reading Beating Broke, you’ve got an emergency fund. But just how much do you have in your emergency fund? And how much should you have in that fund?
Ramseyan thought: Start with a goal of $1000 and then after your bills are paid off, move it up to [...]
