Many people will remember September 29, 2008 as a historic day in financial history due to the government’s refusal to bailout financial companies. It was certainly a day many of us will remember as I saw my twitter account filled with readers talking about their losses throughout the whole day. Instead of talking about my [...]
Update: Congress did not pass the bailout.. More details to follow. The $700 billion bailout plan designed to buy toxic mortgage securities has been finalized by the lawmakers and the bush administration over the weekend. Now that the only hurdle remains a vote on congress, it seems to likely pass. Here are some of the [...]
I remember when we were looking at a house about 18 months ago, the real estate agent would show us a house that is $500k, then one at $550k and another at $600k. On the seller’s perspective, this is called up-sell (which I’ve covered before here). This time around, let’s talk about the consumer’s (our) [...]
During the frugal week when I spent just $34.01, I found that walking was a great activity for the mind and wallet. I told myself that when my wife came back, I will need to include her in this new activity. Last night, we went out for a nice walk and it was fun, it [...]
There are headlines everywhere about the Bush administration’s $700 billion bailout plan these days. The bad news is that as much as $700 billion sounds, we will already be on hook for potentially $839 billion if this legislation passes. So far, our government has: $29 billion to support JPMorgan Chase’s buyout of Bear Sterns $85 [...]
As I get ready to become a full time blogger, I’m finding more and more accounts and potential gotchas that I need to take care of before it’s too late. I’ve hence come up with a checklist to remind myself to find a solution to everything still outstanding so my finances won’t be affected unexpectedly. [...]
