I pulled my money out of WAMU a couple of weeks ago because I knew it was coming. Read more here. This is what you need to do now: Keep your payroll check in MULTIPLE bank accounts Keep some amount of emergency funds in your home somewhere safe and sound, don’t assume ATM machines will…
Day: September 25, 2008
There Will Be Many Important Lessons Learned With The Financial Crisis; Pay Attention
It seems many people have awoken from a slumber to discover, gasp, a collapsing financial system.  I’ve been repeatedly written off as a “gloom and doomer” by others as I’ve written numerous posts about the rotten financial industry, energy crisis, housing bubble, baby boomer drain, and FDIC/SIPC insurance insolvency but that’s not important right now….
Why Doesn’t The Government Lend Directly To Consumers?
With 1.8 trillion dollars on the line why is this money going to Wall Street when you can cut out the middle man and simply lend directly to the consumer? President Bush last night said that there wouldn’t be loans to buy cars, pay for education or homes if this bail out didn’t get passed…