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As more small banks fail, the FDIC is hurting

As more small banks fail, the FDIC is hurting

The Federal Deposit Insurance Corporation, or the FDIC, has been scooping up failing banks and doing exactly what it was designed to do, protect consumers who have put money in the bank from losing it all when a bank goes out of business.
However, there is …

Rules to follow when buying a new home

Rules to follow when buying a new home

After the housing market collapsed, followed by the credit crunch, it became quite difficult for people to buy homes. However, now, while still tight, it is becoming easier (than a few months ago) to find a mortgage. So how do you know what to get …

GM may have to cut thousands of jobs

GM may have to fire 5,000 salaried workers soon. When the government loaned them $13 billion, GM was told that it would have to prove itself to be commercially viable. The cost cutting measure comes after GM’s sales for January dropped 49%.
GM, which saw its …

Will the government take action against Wall Street bonuses?

On Thursday, President Obama called the bonuses received by Wall Street executives “shameful.” Last year $18.4 billion was paid out in bonuses on Wall Street; even with the financial markets on the brink of collapse.
So, will the government step in to regulate these bonuses? Some …

A headline I never thought I’d see.

This is from CNBC.com:
“Apple and Palm Battle Heating Up?”
Who would have thought that Palm, the maker of outdated handsets could have pulled off creating such a buzz for its new device. I know I write about it a lot, but you have to remember I …