As we close 2008, one of the biggest stories of the year, the auction rate security meltdown, comes full circle. Pimco, a company roundly criticized for not redeeming investor money locked in...
Harvard has lost extraordinary amounts of money. Harvard will survive, but the question is what this signals for other non-profits that cannot absorb these types of losses.
Bill Gross did it again. This guy can make a fortune on any bet that he places. This one is a little troubling because it is the taxpayer who is getting screwed.
Pimco, one of the largest bond companies in the world hasn't been redeeming its preferred auction rate security holders. It's still working through the mechanism of how to get the money back....
Opposition from the Federal Reserve's hawkish wing will likely limit a cut to the federal funds rate on Tuesday to 25 basis points, even though a bigger move would be helpful, Bill Gross, chief...
BestCashCow provides information on the best CD (certificates of deposit) rates, the best money market rates, the best savings rates, and more - as well as financial information that can help you make better decisions with your money.