If you’ve been reading Mark Cuban’s blog lately, you’ve likely noticed that he’s been talking alot about the current economic situation and also about how a person should handle his/her money. Today is no different.  In a post entitled “Where to Put your Money Right Now“, Mr. Cuban gives some advice in a manner that [...]

Just as Lending Club announced that they had emerged from their quiet period, Prosper announced that they will be entering one.  A SEC “quiet period” is the period of time between the filing of the SEC paperwork and when the SEC officially accepts and marks the paperwork effective.   I can’t say that I completely understand [...]

My brother is currently scheduled to get himself married in the middle part of next month.  As a result, I’ve spent an ungodly amount of money on plane tickets, hotel and rental cars for the event.  Added to that will be food for a few days for all three of us (Me, My Wife and [...]

Yesterday, WaMu lowered their interest rates on their high yield interest bearing savings.  Today, ING Direct announced a similar move. WaMu dropped their rate from 4.0% down to 3.0%.  Not entirely unexpected given their recent troubles and their buyout by JP Morgan Chase.  ING lowered their rate a little less drastically from 3.0% to 2.75%. [...]

Last week, it was announced that Wachovia was to be acquired by CitiGroup.  The deal was to have the assistance of the FDIC and the Treasury. Today, in a complete change of direction, Wachovia announced that they were instead going to be acquired by Wells Fargo.  The new deal, worth a reported $15.1 Billion will [...]

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 [...]

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 [...]

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 [...]

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 [...]