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Yesterday the government announced it would be taking $250 billion of the bailout plan and buying preferred non-voting stocks in some banks. Nine major lenders agreed to the government’s purchase of the preferred stock. The investments are limited to $25 billion per lender.
Today …

Oil prices hit a one year low today, slipping under $80 a barrel. Gas prices have also dropped up to and over $.20 a gallon in the last week.
Many consumers have one eye on their wallets and the other on their portfolios and retirement …

Even after the S&P lowered the savings-and-loan credit rating today Washington Mutual’s shares rose 16% higher than opening. WaMu was one of the largest profiteers from the housing boom and is now in trouble with the largest mortgage lenders going belly-up. There are even …

An American staple…Anheuser-Busch is considering a buyout from Belgian brewer InBev. They make Becks. That’s really the only beer they make that I have actually heard of. Even though Anheuser-Busch "does not confirm, deny or speculate on rumors of potential investments, …