The Fed held rates yesterday. The next meeting is August 5. Although they adjusted their stance slightly to indicate inflation was beginning to pose a higher risk, they really can’t do much since the economy is still limping along. It really seems like they are just paying lip service and hoping their words, alone, can [Read More…]

Reuters published an article today on the “evils” of brokered deposits. And now my gloves are off! Let’s get something straight. Deposits, brokered or otherwise are not the problem. The banks making poor management decisions are the problem. The problem is with the bank’s bad loans and poor investment decisions. It is not the accepting [Read More…]

As many of you know, we host google ads on our site. Most of the Ads are for other sites also offering CD Rates and/or savings rates. Some are offering Corporate notes and other investment opportunities. We make no warrant or guarantee for these ads. At times, we do find it necessary to block certain [Read More…]

Although many hoped they would pause the Fed opted to lower rates by 0.25% today. This brings the Fed overnight rate down to 2.00%. I believe these rate drops are really prolonging the pain. Mortgage rates have not dropped in kind with the Fed Rate. And as the banks actually seem to be properly assessing [Read More…]

I’ve scoured the Net and found another blog with great information on potential ways to configure your accounts and maximize your FDIC/NCUA coverage.? Check it out. Recession Proof Your Savings cd :O)

I was reading through some of my favorite blogs and found this great post. It gives some great food for thought on what questions we should be asking as we are facing retirement. I’m a long way off, but it certainly gave me some things to think about. Retirement Planning. cd :O)

And I’m not talking about Tuna Melts.? We started the day with JP Morgan snatching Bear Stearns for about 10% of their previous value.? They purchased them for a little over $2 a share.? In addition, the Fed is loaning $30 Billion of the American tax payer’s money to help shore up them up.? Isn’t [Read More…]

First a recommendation. A young man (Bruce Dickson) who I personally know tried out for American Idol and on national TV explained his commitment to purity. He didn’t make the show, but has since received notice from shows like Hannity&Colmes in California and Fox News in Austin, TX. He wrote a song which is available [Read More…]

This could go alot of directions, but I’ll focus on some news posted on CNN and comments by our “good friend” Ben. First from CNN is an article about potential bank closures on the horizon. “Regulators are bracing for 100-200 bank failures over the next 12-24 months,” says Jaret Seiberg, an analyst with the financial [Read More…]

I’m reading Dwight’s commentary this morning, and Bam!, another great gov’t idea comes out like a tornado in a trailer park.? This is a potential for destruction on many levels. Basically, since Plan 1 (New Hope) and Plan 2 (Newer Hope) are bound to fail, the gov’t just can’t let well enough alone.? Now they [Read More…]