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 [...]
When Is Too Much, Too Much?
We are in the process of looking into buying a house. We found one and have been going over the numbers over and over and determining that our budget would stretch really tight. It would be doable, but our safety net would have to be used for a down payment and we would need to [...]
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 [...]
