One common, painful bill that we all face is the insurance bill. Whether you’re talking renter’s insurance, homeowner’s insurance, or automobile insurance, the bill feels painful because it’s not something we can often directly see the benefit from. It just … Read More
This is part of an ongoing series about how to trim the budget of the average American . As this series focuses on such broad-based tips, some will work for you and some will not. You’re invited to mention in … Read More
I can’t tell you how often I’m contacted by readers who tell me the story of their lives, then ask the big question: how much life insurance do I need? I’ll hear from twenty four year old single women and … Read More
From an SEC 8-K filed this morning: As of June 30, 2009, Corus’ subsidiary, Corus Bank N.A. (the “Bank”) had preliminary Tier 1 capital of negative $157 million with a ratio of (2.1)%, and preliminary Tier 1 risk-based capital and … Read More
This article provides a history of brokered deposits, and discusses the potential dangers, and the inability of regulators to limit the practice. From Eric Lipton and Andrew Martin at the NY Times: For Banks, Wads of Cash and Loads of … Read More
John Warner collapse This Lincoln State bank fell hard Now worth a penny. First State… Second Fail Winchester, shot by bank Regs Any more Partner? A vein has opened Red ink drains from Rock River No stop to the flow … Read More
From HotelNewsNow.com: STR reports U.S. hotel performance for week ending 27 June 2009 In year-over-year measurements, the industry’s occupancy fell 8.7 percent to end the week at 65.4 percent. Average daily rate dropped 9.5 percent to finish the week at … Read More
Samantha writes in: I don’t understand why I need credit at all. Credit just gets you into debt and you wind up paying interest to other companies. What’s the point of throwing my money away like that? Samantha asks a … Read More
From the WaPo: N.Y. Fed to Trim AIG Debt, Receive $25 Billion Stake in Two Subsidiaries American International Group announced yesterday that it has reached a deal to reduce its debt to the Federal Reserve Bank of New York by … Read More
HUD (Housing & Urban Development Department) has requested nearly $800 million for reverse mortgage, in its budget for the year 2010. The HECM ( Home Equity Conversion Reverse Mortgage ) program allows senior home owners to tap their home equity … Read More