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Continental Promotions Group, North America’s largest mail-in rebate processor, files for Bankruptcy

Today Continental Promotions Group filed for bankruptcy, putting $9 million worth of rebates in danger. According to The Consumerist, there is $12 million worth of rebates to be processed and the company only has $3 million.
Reports have been popping up over the internet that …

Circuit City liquidation being handled by same company as CompUSA.

By now it is no surprise that 155 of Circuit City’s stores are closing and there are markdowns all over the store. But, as reported today by The Consumerist , the stores are being liquidated by the same companies that liquidated CompUSA. Hilco Merchant …

IMF says that the financial crisis could get worse

According to IMF director general Dominique Strauss-Kahn, more major financial institutions may be in trouble in the coming months. He said he also believes the world economy will recover in the next year.
Many are worried about the federal bail out of AIG. …

Fannie Mae and Freddie Mac…One Disaster After Another.

Fannie Mae and Freddie Mac…One Disaster After Another.

Well it’s happening…the government is taking over Fannie Mae and Freddie Mac as soon as tomorrow…well this morning. These two mortgage lenders either back or actually hold HALF of the country’s mortgage debt…and they’re obviously in trouble. According to the AP, a government bailout …

Comcast offering Wii’s with 2 year agreement and subscription to “Triple Play”

According to a press release put out today, Comcast has teamed up with Nintendo to offer the popular Wii console system to new subscribers to the “Triple Play” package. The triple play package includes digital cable, high speed cable internet, and digital telephone.
It …