Articles

Wachovia is offering a savings account with a 4.88%. However there are quite a few quarks with the account.

Through the ever changing banking dynamics, everything is for sale. This includes bank accounts, especially to those companies who are not necessarily in the banking business. E*Trade, known as a discount brokerage firm, has a banking division which at points in recent history helped the company stay afloat. However, in a further effort to commodify, well, everything, some accounts were sold. Those online savings accounts that were not tied to brokerage accounts were sold to Discover Bank. The actual transfer of asses occurred on March 7, 2010.

Short selling (or selling stock now with the obligation to buy it back later) was widely blamed for the collapse and instability of financial markets during 2007 and 2008. The Lehman bankruptcy report would suggest otherwise.

Tired of the credit crunch, state and local governments are putting their money where their mouths are--with small banks. Should you join them?

With the Boomers poised to retire, it's time for Uncle Sam to settle up two trillion in bonds to the Social Security Administration. The bad news? Uncle's broke.

Most people contend that the AOL / Time Warner merger was the worst ever. My money though is on the BSX / GDT deal. Talk about value destruction!!!

If you have stopped using your credit cards, would you start again if you could set the terms of your agreement?

Here is an update of the latest numbers from today from various sources.