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Safe CDs, checking accounts for investors scared of stocks

Good discussion of some of the lesser known banking products that can earn you a little higher interest in this low-interest-rate environment. read more »
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Series I Savings Bonds Considerations for the Short Term and Long Term

The Series I Savings Bond currently has a composite rate of 5.64%, and it's available through April 2009. This rate is much higher than you can get [...] read more »
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Should Credit Scores Affect Your Auto Insurance Rates?

Most auto insurers take credit scores into account in determining rates. This is impacting consumers especially hard in these tough economic times, a[...] read more »
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What the Fed's Bond Buy Means for You

The Fed's Treasury investment has pushed down interest rates and created good deals for mortgage-seekers. read more »
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FDIC Finally Closes Sale of IndyMac - Impact to IndyMac Account Holders?

The FDIC announced late yesterday that it had completed the sale of IndyMac to OneWest Bank, FSB. For those who have IndyMac CDs, there are some impo[...] read more »
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The United States Of Ponzi - Forbes.com

Nouriel Roubini, aka Dr. Doom, described his response when a reporter asked him to comment on the historical significance of Bernie Madoff. Dr. Doom [...] read more »
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COO of FDIC Says Bank Failure Costs to Top $40 Billion

John Bovenzi, the Chief Operating Officer of the FDIC said in a committe hearing to the US House that the cost to the FDIC to ensure bank failures will likely cost more than the original prediction of $40 billion over the next four years. read more »
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DollarSavingsDirect Savings Account Yield Falls to 3.50% - Alternatives?

DollarSavingsDirect lowered its savings account yield today from 4.00% to 3.50% APY. They had avoided a rate cut longer than any other major online s[...] read more »
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Ken Lewis Undoes His Empire

Ken Lewis saved Angelo Mozilo from doing a perp walk, and gave Merrill sweetheart deal of century, but also took down the largest financial instituti[...] read more »
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First Bank Failure of 2009: What's your guess for number of failures we'll see in 2009?

National Bank of Commerce in Illinois was closed today by the Office of the Comptroller of the Currency, and the FDIC was named receiver.
It didn[...] read more »
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High Yield Checking and Savings Accounts at Redneck Bank

It's a legitimate deal with some creative marketing. The bank is actually Bank of the Wichitas which is based in Oklahoma. The bank created the webs[...] read more »
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10 Lessons from the 2008 Bank Failures

Since we'll likely see many more bank failures in 2009, I thought it would be useful to review the 25 bank closures of 2008 from the point-of-view o[...] read more »
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Issues of Long-Term CDs and Early Withdrawal Penalties

With the historic rate cut by the Feds, banks have begun slashing deposit rates. There are still some opportunities to lock into a high rate but most[...] read more »
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Open Letter to SEC: Leave Peer-to-Peer Lending Alone

You weren't even able to sniff out Madoff's $50-billion Ponzi scheme in your own backyard. If you are short on staff, why are you wasting them on c[...] read more »
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7 Shocking Differences - Automaker Bailout vs. Bank Bailout

In principle I am not in favor of this automaker bailout. But that's not what's irking me. What's bothering me is the relative ease with which th[...] read more »
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