Archive for September, 2008
$700 Billion Bailout plan/bill - First Draft is here…
Update: Sept 29, 2008: U.S. House Rejects $700 Billion Financial-Rescue Plan
As we all are waiting for $700 billion dollars wall-street bailout plan. Finally as I am writing, Democrats and Republicans just came up with initial draft. Its a first 106-page draft HR bill 3997 (Emergency Economic Stabilization Act of 2008, EESA - h.r. 3997) can [...]
Wamu Failed, time to panic? I don’t think so…
Time to Panic? Yes, in generally its not a good sign for any economy but if you are a Wamu customer, you are/will be just fine.
Lehman Brothers Holdings Inc. declared bankruptcy last week. And Bank of America Corp. announced it was buying Merrill Lynch. and now as we all suspected (okay lets say wall [...]
Zecco trading is offering Unlimited Free Stock and Options Trades in October
Jeroen Veth, CEO Zecco says thanks for hanging there in tough economical environment and in return offering unlimited free stock and option trades in October. This offer applies to all customers with all type of accounts including IRAs (retirement accounts.) Also, the $2,500 minimum for free trades is being waived. Normally Zecco is offering [...]
FDIC Insurance: Is your bank FDIC insured? Make Sure Your Money Is Covered - 5 must-know questions about FDIC insurance limits
Update (October 3, 2008): FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2009. More here
I have cash in my savings and money market account in [insert your bank name.] How secure is the bank?
Recent failure of IndyMac bank, Lehman Brothers, Bear Stearns and poor health of financial system, more [...]
Wamu, Lehman Brothers, Bankruptcy Chapter 11 and You
Who would have thought when Lehman, Mayer and Henry, Emanuel first founded the Firm in Montgomery, Alabama in 1850? Today after 158 years, Lehman Bothers is wobbling on the brink of bankruptcy. In 1858, the Lehmans accepted cotton crops from the local farmers as currency to settle accounts. But not anymore, they are running [...]
Settlement results in FREE credit monitoring service for (almost) all
Recently I fumble upon NPR news website and end up on news about Transunion, a credit bureau, class action lawsuit (selling customer’s information to third party and later used a vicious marketing technique to sell their services). TransUnion apparently lost a class-action lawsuit and reached to a settlement of offering various credit monitoring service plus [...]
Sarah Palin’s rimless eyeglasses: Hottest accessories among democrats and republican
Are vice presidential candidate Sarah Palin’s rimless eyeglasses the new must have fashion accessory in working class women? Are they real? Prescription? I don’t think it matters - she looks cool in them. Personally I do not agree with her policy, belief and extremist views, but I don’t hesitate to give her full marks on [...]