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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.

Flagstar Bank if offering a competitive 48 month (4 year) CD paying 4.50% APY.

The only problem is that hope is a lousy strategy for investing, and we are in the middle of a deep and profound recession.

Yale's investment chief, David Swensen sees enormous opportunity in downtrodden assets bonds and even equities. He believes what we are going through is just part of the deal when you invest.

As we close 2008, one of the biggest stories of the year, the auction rate security meltdown, comes full circle. Pimco, a company roundly criticized for not redeeming investor money locked in illiquid auction rate preferred shares, has now delayed the divided payments from two bonds funds because of auction rate security cash. Talk about irony.

Open a free checking account, set up direct deposit, get a free Visa CheckCard and make 10 transactions and $150 bucks are yours.

Democrats are discussing several proposals for removing the Alternative Minimum Tax (AMT) which can impact holders of private activity municipal bonds. The impact would make the bonds more tax advantages but also lead to lower interest rates.

The Fed today made a special exemption and allowed GMAC to become a bank holding company, giving it access to TARP funds. That means that GMAC bank customers do not have to worry about the parent company defaulting.

The price of Oil has dropped from $140+ to the mid $30s in a matter of months. It was too high at $140 and it is far too low at $30, even if one factors in a serious decline in global economic activity. Even in these bad times, these investment will pay off and pay off big time. It is a slam dunk.