Good news for GM potential buyers

Wednesday, December 31, 2008, 6:00 AM | Leave Comment ran a story “GM, GMAC ease lending rules to entice car buyers” by Jonathan Stempel and Kevin Krolicki on Wed Dec 31, 2008. The article states that “GMAC modified its credit criteria so that it could lend to a wider range of potential customers, two-and-a-half months after significantly curbing lending.” GMAC will now extend […]

Resource Guide To Find a Job Online

Monday, December 29, 2008, 12:16 AM | 4 Comments

Unemployment at a little less than 8% is still quite high. I hope it keeps getting lowered each month. Needless to say we need to have full employment which some economists put it at 5%. Many people have given up even looking for a job. Whether you have recently been laid off or have been […]

Beware The Schmucks Of The Financial World

Saturday, December 27, 2008, 6:00 AM | Leave Comment

Forbes magazine online ran a story about “biggest bums of 2008” by Robert Lenzner. English not being my first language, I always thought a ‘bum’ is someone who does not work, is alcoholic and sits on park bench all day long and probably a good part of the night as well. But someone who lives […]

Paying For College Without Going Broke

Wednesday, December 24, 2008, 12:18 AM | 1 Comment

I just finished a great book Paying for college without going broke by Kal Chany. I find it the best financial aid guide on the market. This book is a must have for anyone who is preparing to apply for financial aid. The book Includes information on maximizing aid eligibility. Offers solid strategies for filling […]

Newly Budget-Minded Turn To Prepaid Phones

Sunday, December 21, 2008, 6:00 AM | 2 Comments

I read an article Newly Budget-Minded Turn to Prepaid Phones by ANDREW LAVALLEE on the Wall Street Journal website. The author gives examples of consumers who have switched from monthly bills to prepaid cell phones. The article gives pros and cons of the prepaid phones. It is, I guess, fine for one person. We are […]

Maximize FDIC Protection For Your Bank Account

Thursday, December 18, 2008, 6:00 AM | Leave Comment

As we all know, in this lousy market, we have to protect our bank accounts. This year, 2008, is the 75th anniversary of the Federal Deposit Insurance Corporation, better know as FDIC. Recent changes in FDIC insurance limits temporarily raised protection, unless Congress makes it permanent, from the familiar $100,000 level to $250,000 per qualified […]

Bernanke Reduced Inflation Threat By Cutting Rates

Tuesday, December 16, 2008, 4:03 PM | 1 Comment

Federal Reserve Chairman, Ben Bernanke cited weakness in economy and reduced inflation threat as justification for cutting rates to a record low range of 0% to 0.25%. In its latest effort to try and stimulate the U.S. economy, the Federal Reserve cut its key interest rate to a range of between zero percent and 0.25%. […]

Wells Fargo Bank Offers New Tools To Overcome Debt

Sunday, December 14, 2008, 12:02 AM | 1 Comment

One of the nation’s most stable and largest banks, Wells Fargo, has unveiled a new tool kit for customers to help them get out of debt while they are still living. The bank has rolled-out three types of tools for customers: Debt Pay Down Solution, Cash Back Cards, and Smarter Credit. Debt Pay Down Solution […]

Credit Unions To Help In Car Buying

Saturday, December 13, 2008, 6:00 AM | Leave Comment

In a move designed to win new borrowers while aiding Detroit’s beleaguered auto makers, a group of 1,300 credit unions in the nation’s Midwest have pledged to extend $10 billion in auto loans – enough for about 400,000 new cars and trucks. Members of credit unions are located in the states of Michigan, Ohio, Indiana […]

Bernie Madoff Seems To Think Everything Is Up For Grabs

Friday, December 12, 2008, 8:41 AM | Leave Comment

It was in the newspapers on Thursday Dec. 11, 2008 that a prominent trader has been accused of defrauding clients. The very famous trader, Bernard L. Madoff, was arrested at his Manhattan home by federal agents who accused him of running a multibillion-dollar fraud scheme – perhaps the largest in Wall Street’s history. At age […]