There’s been all kinds of buzz bouncing around on Twitter over the last few days about a big announcement that Dave Ramsey is going to make on his show this coming Thursday (3/26/2009).  At the moment, nobody is saying what it is, and I’ve only been able to figure out that the name for the [...]

With the passage of the huge “stimulus” bill a couple weeks ago, one of the things that has been talked quite a bit about by both the media and the President is the reduction in the taxes that are taken out of our paychecks.  Some $13 or so dollars on average will be left in [...]

e-Trade, where I have my emergency fund, just announced that as of the end of the day on 12/19/08 the rate on their savings account will be dropping from 3.30% to 3.01%. I can’t say that I’m all that surprised, and I expect several other announcements like this one in the next few days.  With [...]

It’s officially official.  We’re in a recession.  And it started almost a year ago. Way back in December of 2007 in fact.  But how much of the recession is in current perception? How would you or I know that we were in a recession?  Well, most likely, we’d learn by being told.  Of course, it’s [...]

Up until now, we’ve all heard about the various ramifications of one Presidential candidate over the other.  We’ve heard about what differences will be made to the tax system and how it will affect you.  And sometime after midnight tonight, we’ll know which set of changes might take effect. So, now what?  Regardless of who [...]

If you’re a customer of ING Direct, you’ve likely received an email about this, but for those of you who aren’t or haven’t, I thought I’d share it.  They’ve put together a Declaration of Financial Independence that they suggest we read and, if we like, sign on.  It’s a pretty good document really. 1. We [...]

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 [...]

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 [...]