Random Feed wrote an interesting post today on
Here’s a quick excerpt
We learned today that GMAC has been looking for a third round of bailout money from the Treasury—and they may have gotten it. Latest news is that the company has just put $2.9 billion of junk bonds (rated by Moody’s “two notches above default”) on the market. However, these bonds are backed by the Federal Deposit Insurance Corporation, thus giving them a triple-A rating. And because of the FDIC backup, these bonds will sell! This is but the latest in a series of sand-bagging moves on the par

Read the rest of this great post here

Random Feed wrote an interesting post today on
Here’s a quick excerpt
By Bob Blandeburgo Associate Editor Money Morning As the number of bank failures grows, the Federal Deposit Insurance Corp. (FDIC) is falling deeper into the red, but deposits at insured banks keep growing. Six banks failed on Friday, bringing the total number of banks failed this year to 106. That’s more than four times the amount of bank failures in 2008, and it’s only October. Still, the number is dwarfed by the 534 failures seen in 1989 at the height of the savings-and-loan crisis.

Read the rest of this great post here

Random Feed wrote an interesting post today on
Here’s a quick excerpt
Refinancing of interest only loans just means exchanging one loan for anew one. It is an efficient way to decrease the debt on current loans. This is specifically advantageous if the present interest rates are lower than the interest percentage you are presently paying on the loan. Refinancing would allow you to convert your high interest debt into a low interest debt, as the amount of monthly payment would become lower. The additional money saved can be spent in something more lucrative like

Read the rest of this great post here

Random Feed wrote an interesting post today on
Here’s a quick excerpt
(This was originally published September 29,2005) Here’s another advertisement that I got in the mail: “Pick a Pay, Any Pay!’ The Revolutionary Option ARM!” “Start rates as low as 1%!” Loan amount $100,000 Payment $321.64 $200,000 $643.28 $300,000 $964.92 $400,000 $1286.56 Could this help save you money? Let’s see, given the real rate on these, there is negative amortization of about $500 to start with pe

Share and Enjoy:

Read the rest of this great post here

Random Feed wrote an interesting post today on
Here’s a quick excerpt
With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world. Wells Fargo Cut Sends Markets Down; Fed Beige Book Shows Tepid Progress; Obama Administration To Cut Executive Pay at Top TARP Companies by 50%; Boeing Shares Fall After Loss; E-Reader Introduction Fails to Impress B&N Shareholders; Oil Hits New 2009 High Wells Fargo & Co. (NYSE: WFC ) saw its profit skyrocket to $3.2 bi

Share and Enjoy:

Read the rest of this great post here