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The AP has just released the following report. If it is true, it raises one important economic question - how $50 billion in Treasury assets can cover $3 trillion in new liabilities, and is the US government going to lose its credit rating between Fannie/Freddie and this?

I bet you didn't know that the money you stash in your savings account, cd, and checking account is like liquid gold to the financial world. It's what is separating the winners from the losers. So make sure you get the most from it.

Financial crisis, if played correctly, can be an opportunity to put yourself in a better financial position. Here are 5 tips to protect yourself and take advantage of adverse conditions.

When we left off, the evil forces of Dark Short had forced both Lehman Brothers and AIG to their knees. Fearing a slaughter at the hands of an unruly mob, Lehman had thrown the white flag, praying for mercy and hoping its body parts wouldn't be hacked to bits and scattered across the land...

I made the call on the Samsung bid for Sandisk. Now I am telling you what comes next.

The Fed stood pat on rates today, keeping the Fed Funds Rate at 2%, despite widespread turmoil on Wall Street. Weak growth is fighting inflation to a standstill within the Fed. Savings and money market rates and cd rates should remain relatively stable or even trend higher with this announcement.

As late as Friday, it looked like a virtual lock that the Fed would keep rates at 2%. But the activity of the last couple of days has dramatically increased the odds the Fed will lower rates. If you are thinking of opening a CD, now may be a good time.