Banking
Ally: New Bank on the Block
There is a new bank on the block that seems to be making waves as all the other banks flounder. Some are starting to recover but Ally Bank was able to jump in when the getting was good. They also have the unique position in having a perfect traffic record if only because they are [...]
GOOD’s Complete List of the Best Infographics on the Financial Mess
If you have never been to Good.is, take a second and head over there right now. I’ll wait here. Patiently. It’ one of my favorite sites, not only for the excellent content on sprinkling of design items but for the business information I get from it as well. Careful, its a time suck.
They are putting [...]
Senator Dodd Allows AIG to Recieve Bonuses
Wolf Blitzer tries to pin some blame on Senator Dodd (D-CT), who is the Senate Banking Chairman, who admits to taking out a provision in the recently passed stimulus bill that would have prevented AIG from receiving the recent contentious bonsues. Sen. Dodd claims the Treasury Department, through his Congressional staff, asked him to [...]
The Crisis of Credit Visualized & Cleverly Explained
Jonathan Jarvis creates a clever, easy to understand video of the credit crisis and how things work. It goes into complicated investment vehiceles and fiancial structures and is actually very imformative. It lays a little too much blame on Greenspan, but this is a video you will want to watch and share with your friends [...]
ATM Fees Increase From Last Year
I get excited whenever I see one of my ATM’s or banks and automatically think that I should take some cash out, whether I need it or not. This is what ridiculous ATM fees have done to me. Nothing pains me more than taking out cash and getting charged a crazy amount just to get [...]
Where is Your Savings/Emergency Fund Parked?
The idea that your savings/emergency fund is supposed to be in a very liquid account is an idea I hope everyone understands and practices. However, where is the best place to park your savings?
Until the credit crisis, money market funds were enjoying returns around 5%, but now are seeing their yields sink below 2%. On [...]
Nightmarish Piggy Bank: The Face Bank
I have no idea how long this thing has been around but either way its completely scary and yet somehow, kinda cool. The Face Bank is a money eating piggy bank robot which features an object sensitive sensor to distinguiss be tween coins. Money eating could mean so many things so realize that I mean [...]
What Is Actually Included In the Bailout Legislation?
MYM Series: Wall Street Bailout Explanation 3 of 4
As you have probably heard, the U.S. Senate passed an amended version of the bailout package late on Wednesday, October 2. Mainly, changes were made to the bill in order to garner enough Republican votes in the House, where a similar package was shot down earlier [...]
MYM Series: Wall Street Bailout Explanation 2 of 4
Understanding the Crisis: Timeline of Failure & Who’s at Fault?
How did we ever get to the point of needing $700 billion dollars from the Federal Government? Were the regulators asleep at the switch or were they simply out smarted by the markets? Did greed win over principles on Wall Street? These are great questions [...]
MYM Series: Wall Street Bailout Explanation 1 of 4
You’ve heard the news; Wall Street’s biggest financial institutions are in need of a major financial Government backed bailout in order to stay afloat. What does this actually mean? How will it affect me? Why should the taxpayers pay for the Wall Streets errors? What are the pros and cons of such a bailout?
My day [...]
Reaction to Proposed Market Bailout
The grim reality facing our financial markets has finally hit a low that even President Bush—who has a “let the market police itself” ideology—has decided it’s time to intervene. The cost to taxpayers is going to be enormous, possibly $500 billion. But for those hung up on this concept need to take a step back [...]
USAA to Expand Eligibilty Requirements
USAA has announced that they are expanding their eligibility requirements. If you meet the following criteria, this might be a great opportunity to get some nice insurance benefits.
While a bit of an exclusive club, it is with good reason. The customer service is top notch and the rates are extremely competitive. They currently allow only [...]
Pic.TV’s Preview of An Inconvenient Debt
While our attention is currently abroad in Beijing, watching our fellow citizens win medals left and right (take that France!) we are also keeping an eye on that state of affairs here at home. There is another race coming up soon but won’t commence until long after the Olympics are over: the Presidential Race. This [...]
Milk Your Money Tools
As the internet doubles in size, power, and reach at such an exponential pace, we are evolving our websites to not only display “content,” “opinions,” “news,” and who knows what else. Now we are pointing our links to pure data. The internet does not sleep, its always on, and it loves to crunch data.
So MilkYourMoney.com [...]
MilkYourMoney.com Comments On Proposed Credit Card Rules
Federal banking regulators (Board of Governors of the Federal Reserve System, the Office of Thrift Supervision, and the National Credit Union Administration) recently proposed rules that would curb abusive credit card practices that we have long been against. For a detailed summary of all of the proposed rules, click here. Today, August 4, 2008, was [...]
