Articles

The judge is keeping Madoff out of jail and comfy in his penthouse apartment in New York. This decision came down today even while everyone else, including the government prosecutor, is clamoring for his head and for burying him in jail. It is obvious what is going on.

Bill Gross of Pimco and many other anlaysts are saying that Treasury Inflated Protected Securities (TIPS) are very cheap and offer a good investment as the government's stimulus program begins to reawaken inflation.

I've recently stepped up my opening of online bank accounts, but now I am getting concerned that while the process makes sense to keep my savings growing, I may be killing my credit rating.

The individual investor, for as long as one can look back, dominated the municipal bond market. Munis were tax free and, most important, safe. With everything unraveling in front of our eyes – from mortgages to credit to banks – it is no surprise that a new shoe is now dropping – the municipal market. And, it is not a pretty picture

Out of the big three banks covered on BestCashCow, Chase seems to have the most competitive rates and has dropped the least over the last month.

Treasury bonds are at all time lows in yield as investors have fled to their safety and security. Many think the market is a bubble. For those that believe it, two ETFs allow you to short the Treasury market.

In a sad bit of news, German billionaire Adolph Merckle killed himself today by stepping in front of a train. The personal toll from the credit crisis continues to pile up.

Here is why I disagree.

Wachovia's Way2Save program provides users with a 5% APY return on cash deposited into a savings account as well as a bonus of up to $300 dollars.

Michael Lewis writes an interesting point in the NY Times that essentially says that conflict-of-interest brought down the US Financial system. It's an interesting read and one that has some plausibility.

Acacia Federal Savings Bank is offering a 60 Month CD that pays 4.50% APY. That's currently the highest rate on the BestCashCow rate tables for the term.

In a speech today, Janet L. Yellen the President of the Federal Reserve Bank of San Francisco said that this recession is likely to be deeper than a typical, "garden variety" downturn.

President-elect Obama is reported to be planning a $310 billion tax cut as part of his $700 billion stimulus program. The tax cuts would provide cash to both individuals as well as businesses.

Madoff may have been the tip of the iceberg, but there are more like him. I've seen them myself. You probably have too.

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