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President Bush announced that GM and Chrysler will receive $13.4 billion in government loans to keep them afloat until March.
Read →Visa just launched Black Card, an exclusive credit card with a $495 annual fee. The reward include cash back or airline miles, concierge service, a patent pending carbon graphite card, and free luxury gifts.
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CDARS Provides Up to $50,000,000 of FDIC Insurance on Certificates of Deposit (CD)
The Certificate of Deposit Account Registry Service (CDARS) provides up $50,000,000 of FDIC insurance for depositors via its system of banks. It's worth looking into if you have a lot of money and are seeking the return and safety of... Read →Mortgage rates reached record lows this week because of cuts in the Fed Fund rate and the drop in Treasury rates. Still, rates have not dropped as much as would be expected.
Read →The Fed cut its Fed Funds rate to 0-.25% last week but there are still some very attractive savings and CD rates. Get them before they are gone.
Read →For a very limited time, Everbank is offering a $40 bonus to new account holders who open an Everbank FreeNet Checking account through the bank's links on BestCashCow.com. Accounts require a minimum deposit of $40,000 in order to qualify for the $40 bonus.
Read →There is no lower to go as the Fed exhausts all of its tools. Japan in the 1990s is the only precedent.
Read →Moody's says that the government's bailout of GM is to involve a prepackaged bankruptcy, leaving equity holders with nothing. This is the last chance to get out at $4.
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Ecuador Defaults on Soveriegn Bonds, Calling Bondholders Monsters
Ecuador became the first nation to default on sovereign debt since the meltdown began.
Read →VCs are still investing.
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Government to Raid TARP to Fund Auto Bailout
All major media are reporting that the Treasury has agreed to extend cash to the automakers via the TARP program. This is the worst of all possible solutions.
Read →Legendary value investor Jeremy Grantham called the real estate and housing bubble and went into cash in the summer of 2008. He is now slowly dipping his toes back into the market despite still believing the market will drop further. Good video.
Read →NOVA Bank of Pennsylvania is offering an 18 month CD for 4.25% APY, a leading rate for that term.
Read →A CNBC/Portfolio survey of 800 respondents found that 35% are not confident or only somewhat confident their money is safe in an Federally insured bank. The FDIC fires back.
Read →The Federal share of the economy, that is government spending as a percent of GDP, will go over 25% next year, the highest level since WWII.
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