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Short selling (or selling stock now with the obligation to buy it back later) was widely blamed for the collapse and instability of financial markets during 2007 and 2008. The Lehman bankruptcy report would suggest otherwise.
Read →Tired of the credit crunch, state and local governments are putting their money where their mouths are--with small banks. Should you join them?
Read →With the Boomers poised to retire, it's time for Uncle Sam to settle up two trillion in bonds to the Social Security Administration. The bad news? Uncle's broke.
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Key Things to Know About Getting a Mortgage - Part I
Leader Bank's Senior Loan Officer Jim O' Malley provides some tips and insight into how to get the best possible mortgage: what your FICO score needs to be, what small mistakes can really hurt your credit score, what's happening to mortgage rates, and are banks lending. Plus he discussed real estate values and more. Parts II and III are coming shortly with additional insight and tips.
Read →Most people contend that the AOL / Time Warner merger was the worst ever. My money though is on the BSX / GDT deal. Talk about value destruction!!!
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Compounding Interest: Is Your Money Working for You?
Your money really adds up much more quickly when you take advantage of higher rates in savings and CD accounts.
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Should You Get an Interest-Only Mortgage Loan?
There are many types of mortgages to choose from. Which one is best for you? Here is some information you should know before you choose an interest-only mortgage.
Read →If you have stopped using your credit cards, would you start again if you could set the terms of your agreement?
Read →Here is an update of the latest numbers from today from various sources.
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What is Wrong with Debt Consolidation?
Is hiring a debt consolidation company right for you?
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FOMC Statement - Fed to Keep Rates Low for Extended Period, To End Mortgage Security Purchases
In today's FOMC statement, the Fed did not change language saying it would keep rates low for an extended period. It also confirmed that it has reached the end of its $1.25 billion purchase of mortgage backed securities.
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Head-on Collision Lukoil Moscow Mercedes Accident: An Ominous Warning for Anyone Considering Investing with these Thugs
I've invested money in Russia. The recent actions surrounding this accident reminds me why I'll never do that again.
Read →The iPad is shaping up to be a colossal failure.
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