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Debt Busters!
Investment ― Lance PickettStrategy: Live without the little thingsAdvice: Don't go too far -- like trying cloth diapers to save $60My wife and I owed $18,000 in student loans, $6,000 in car loans, $2,000 in credit cards and $152,000 in my mortgage.We were living... (more)
Vergo ―
Posted on Oct 31st, 2010
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7
What's All This Stuff Worth?
Investment ― What would you pay, sight unseen, for a house that nobody wants, on a hard-luck street where no houses are selling?That question is easy compared to the one confronting the Treasury Department as Washington works toward a vast bailout of financial... (more)
Vergo ―
Posted on Sep 25th, 2008
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6
Paulson Must Make $700 Billion Rescue for Banks Work
Investment ― Treasury Secretary Henry Paulson and congressional Democrats hammered out a consensus on spending up to $700 billion to rescue the financial industry. There isn't consensus on whether it would work. Lawmakers reached agreement yesterday as House... (more)
Vergo ―
Posted on Sep 29th, 2008
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3
Obama, McCain give measured support for bailout
Investment ― Democrat Barack Obama and Republican John McCain on gingerly embraced a newly negotiated congressional deal for a $700 billion bailout of the hobbled financial industry.ADVERTISEMENT"This is something that all of us will swallow hard and go forward... (more)
Vergo ―
Posted on Sep 29th, 2008
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3
Bailout vote begins
Investment ― The House, following four hours of heated and emotional debate, started to vote Monday on a sweeping $700 bailout of the nation's financial system.The debate included impassioned pleas for and against the measure from Democrats and Republicans alike.... (more)
Vergo ―
Posted on Sep 29th, 2008
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6
With deal's collapse, the McCain camp attacks
Investment ― WEST DES MOINES, Iowa: Besides stockholders whose portfolios were ravaged Monday afternoon, the one person with the most riding on the bailout bill that collapsed in Congress may have been Senator John McCain.McCain had announced last week that he... (more)
Vergo ―
Posted on Sep 30th, 2008
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4
White House, lawmakers plan new bailout deal
Investment ― WASHINGTON - Top congressional and White House officials, stunned when the House rejected a massive rescue plan for the nation's economy, scrambled to structure a new bailout proposal that would attract reluctant lawmakers and still soothe the... (more)
Vergo ―
Posted on Sep 30th, 2008
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4
White House, lawmakers plan new bailout deal
Investment ― WASHINGTON - Hard-pressed U.S. consumers curbed their spending during August despite an unexpected jump in incomes, according to a government report on Monday that implied worry about the economy's direction was deepening.ADVERTISEMENTThe Commerce... (more)
Vergo ―
Posted on Sep 30th, 2008
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4
Colleges scramble as investment fund freezes
Investment ― By JOHN CHRISTOFFERSEN, AP Business Writer Fri Oct 3, 1:02 AM ETNEW HAVEN, Conn. - An investment fund that serves about 1,000 colleges and private schools partially froze withdrawals this week amid the credit crunch, forcing colleges to develop new... (more)
Vergo ―
Posted on Oct 3rd, 2008
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4
Citi: Wells Fargo blocked from buying Wachovia
Investment ― Citigroup says NY judge temporarily agrees to block Wells Fargo from acquiring WachoviaNEW YORK (AP) -- The fight over control of Wachovia intensified Saturday, as a judge temporarily agreed to block the sale of the bank by Wells Fargo, Citigroup... (more)
Vergo ―
Posted on Oct 5th, 2008
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4
Philamlife awaits buyer as parent firm sells assets
Investment ― NO SINGLE domestic insurer can afford to buy Philippine American Life Insurance Co. (Philamlife) and any taker will need the help of a foreign financier, analysts said, unless Manila’s top financial companies opt to expand their own insurance... (more)
Vergo ―
Posted on Oct 5th, 2008
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3
Retirement accounts have lost $2 trillion — so far
Investment ― WASHINGTON - Americans' retirement plans have lost as much as $2 trillion in the past 15 months — about 20 percent of their value — Congress' top budget analyst estimated Tuesday as lawmakers began investigating how turmoil... (more)
Vergo ―
Posted on Oct 7th, 2008
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3
Insurance giant AIG's role in market crisis probed
Investment ― WASHINGTON - Less than a week after the federal government had to bail out American International Group Inc., the company sent executives on a $440,000 retreat to a posh California resort, lawmakers investigating the company's meltdown said Tuesday... (more)
Vergo ―
Posted on Oct 7th, 2008
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3
Prudential becomes latest insurer to warn
Investment ― NEW YORK - Prudential Financial Inc (PRU.N) is the latest major insurer to warn its quarterly profits would miss forecasts, as the shares of rivals were pummeled on concern they would need to raise capital.ADVERTISEMENTThe second-largest U.S. life... (more)
Vergo ―
Posted on Oct 10th, 2008
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4
Banco Santander buying rest of Sovereign for $1.9B
Investment ― NEW YORK - Banco Santander of Spain said Monday it would buy the other three-quarters stake in Sovereign Bancorp that it doesn't already own for $1.9 billion, extending a wave of consolidation as the banking industry struggles to deal with a load of... (more)
Vergo ―
Posted on Oct 13th, 2008
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