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Archive for September, 2008

Poll: Rasing the Limits of FDIC Protection from $100,000 to $250,000 - Good or Bad?

On Tuesday, both presidential candidates and the Federal Deposit Insurance Corp. Chairman Shelia Bair had made statements encouraging congress to allow the FDIC to increase the limit of protection. The $100,000 limit per account has been in place since 1980, and suggestions have been to increase the limit to $250,000. It’s interesting to note that […]

Friends Don’t Let Friends Bail Out of the Market

With the Dow recording a record 777 point loss in one day, people are flocking to the phones to call their brokers or going online to make changes to their investments. In almost all cases, this is a very bad idea. If you’re reading this site, you’re probably not as concerned by the recent turn […]

Full Text and Details of the Proposed $700 Billion Government Bailout Bill - Draft Submitted Sunday Evening

Details have been sketchy in terms of the specific details surrounding the $700 billion financial bailout, but as of Sunday night it looks like the revisions made by the democrats will be supported by republicans, and the bill should be cleared by the House on Monday, and acted on by the senate sometime Wednesday. The […]

Friday Finance Findings for September 26th

It sure has been a crazy couple of weeks in the markets, and I’m sure glad it’s Friday. I honestly can’t believe the actions some investors are taking. Most people that are most concerned have simply heard soundbites from the news or overheard co-workers at the water cooler and are blowing things way out of […]