By Anne Szustek In exchange for a $30 billion bailout, AIG agreed to hand over control of two of its divisions to the U.S. government. The agreement marks the company’s third federal bailout in five months. Bailout Number Three for AIG The U.S. government will take over two divisions of insurance conglomerate AIG: a […]
U.S. Stocks Slide After Rout Overseas
s on so many other days in recent weeks, traders and analysts on Wall Street arrived at work Friday morning fearing the worst. This time, however, the worst did not come to pass. European stock markets sent stocks tumbling by more than 500 points in early trading in New York, but they recovered enough ground […]
Mortgage Crisis: Darkest Just Before The Dawn
Last year on this very day, Bear Stearns traded at $100 per share, Stan O’Neal was still the CEO of Merrill Lynch and Wall Street had just finished underwriting $73 billion of subprime loans in the second quarter of 2007, albeit down from $135 billion in Q2 2006. Everything look pretty darn look. In […]
A Better Yield for Your Money in Troubled Financial Times
With banks in the United States continuing to draw tighter the purse strings as they continue the slow recovery from the bursting of the housing market bubble, and people’s Treasury, bank account, and money market interest rates plummetting alongside mortgage application rates (as mortgage interest rates are rising), many are left wondering what they can […]
Guidelines on Investing in a Mutual Fund
In the new millennium, mutual funds have grown at a pace which will make the industry a stronger one to deal with in the near future. The industry has helped in maintaining investor confidence despite the prolonged crisis, say, in Asia. It has minimized capital flight and has brought new perspectives in terms of the […]
Investment on fixed gov’t securities out of reach for OFWs
<p>It is hardly incomprehensible as to why many overseas Filipinos, particularly those based in the U.S., are in quandary on how they could invest some of their hard-earned savings on fixed government securities like the T-Bills and Bonds.</p> <p>While the Bureau of the Treasury is hell bent on encouraging many Filipinos to part with a […]
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