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John Bovenzi, the Chief Operating Officer of the FDIC said in a committee hearing to the US House that the cost to the FDIC to ensure bank failures will likely cost more than the original prediction of $40 billion over the next four years. ... Read →

Etrade is running a promotion in which they will offer 100 commission free trades if you open an IRA account. There are some catches though.

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The Wojtowicz are a family that have been dubbed economic survivalists. To simplify their life and cut expenses they have torn up credit cards, canceled satellite tv, planted a garden, and more.

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FDIC Chairman Sheila Bair went on YouTube and posted this video on the FDIC site discussing the health of the agency and the banking system. The video is posted below.

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The idea that Twitter is somehow a central factor in the uprising in Iran shows how far the US media has fallen.

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The Commerce Department reported that US savings rate hit a 14-year high of 5% last month, up from .1% a year ago as Americans moved money out of the stock market and socked cash away. At an annual rate, personal savings rose to a record... Read →

Charles Schwab is cutting all online trades to $8.95 starting on January 19 regardless of trading frequency or account balance. That will make it one of the least expensive places to trade stocks.

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Michael Bienes was a small-time investment advisor who stumbled on Bernard Madoff. In this soon-to-be-aired Frontline program, he, and others describe how the Madoff operation worked, how people were duped, and how many made easy money off the largest Ponzi scheme ever.

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Charitable Gift Annuities provide a way for an individual to make a donation and still receive a stream of payments from the money. But when a charity goes bust, so do the payments.

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Actually I don't think tax exempt municipal bonds will go the day of the dodo, but the success of the Build America Bond program is making many wonder if the tax exempt muni market is going to shrink significantly in the future.

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The entire world wants to upgrade from a Nokia, a Motorola or a RIMM device to an IPhone.

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The past week wasn't too bad on the stock market, as we got a short-covering rally on Friday. But, the news flow isn't just bad, it is terrible.

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The press is moving Bernard Madoff back from the front pages, but every day the story becomes more and more amazing.

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Bank of America is Overpaying for Merrill Lynch

I just cannot figure out what they are smoking at Bank of America to pay $44 billion for Merrill.

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Whereas I had previously been a dollar bull, the recent warnings of the Chinese are hard to ignore.

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