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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.

Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported a net loss of $26.2 billion in the fourth quarter of 2008, a decline of $27.8 billion from the $575 million that the industry earned in the fourth quarter of 2007 and the first quarterly loss since 1990.

I recently opened an account with JP Morgan Chase having previously used Citibank for all of my financial needs. I am startled by how poor the

FDIC Chairwoman Sheila Bair was on CNBC tonight answering questions from Erin Burnet, crazy Jim Cramer, and an audio in a town hall style meeting. Here's what she had to say.

Bank of America CEO Ken Lewis says that Merrill Lynch and Countrywide are things of beauty and that they will become major profit centers over the next year. Ex BofA CEOs Hugh McColl and Thomas Storrs defend the acquisition. I prefer the market verdict - over $40 billion in government funds and a stock price of $4.

Regal Financial, a community bank based in Seattle, WA is offering a 12 month CD for 4% APY.

A "select" number of American Express customers are being offered $300 to close their accounts. How can you become such a customer?

Aside from being completely awol, Geithner is obviously indecisive.

The problem is now that the entire economy dried up in January. Everything stopped.

The charts are scary and this is unprecedented, but it is real and it is happening.

Stock dividends account for 70% of after tax income since 1900 after inflation. So when dividends get cut, equities don't look nearly as attractive as bonds.

A year after the collapse of the auction rate security market, investors are still stuck in an estimated $176 billion of the securities, despite regulators forcing banks to buy back up to $50 billion.

The current scenario is becoming one that would have been unimaginable to many even as recently as October. In so many ways, it is much worse than the Great Depression.