Money: September 2008

Sunday, September 28, 2008

CEO pay crackdown is toothless

Congress has made a lot of noise about ensuring wealthy CEOs don't profit from the proposed bailout. But so far, it looks like executives won't have much to worry about.

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[Source: MSN Money Latest Articles]

What's next, a ban on stock sales?

Prices aren't to the government's liking, so it's changing the rules on the fly, and no one knows where or when new lines eventually will be drawn.

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[Source: MSN Money Latest Articles]

A simple fix to the housing mess

Getting back to the basics of underwriting home loans would go a long way toward restoring confidence in the credit market.

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[Source: MSN Money Latest Articles]

Senate passes $634B spending bill

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Buffett warns Congress

Legendary investor Warren Buffett warned Congressional leaders Saturday night of "the biggest financial meltdown in American history" if they did not act to secure the financial system.

Life after your bank fails

When recruiting consultant Fran Quittel heard on her car radio one Friday afternoon in July that her bank, IndyMac, had been seized by federal regulators, she was surprised but unworried. An IndyMac customer for five years, Quittel had both personal accounts and business accounts at the bank, but she was confident her accounts contained less than the $100,000 insured by the Federal Deposit Insurance Corp.

Young, smart and ready for riches

Meet the leaders of StartupNation's 20 best dorm-based businesses. This generation is tech-savvy, driven and not counting on corporate America for jobs.

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[Source: MSN Money Latest Articles]

Golden parachutes here to stay

Many advocates of the proposed $700 billion bailout of Wall Street trumpet its limitations on large pay packages and so-called golden parachutes for some of the top executives at the troubled firms that will get help.

Senate Republicans block stimulus bill

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Newman's Own after Paul

What happens when a company's eponymous founder and celebrity spokesman dies?

Trust them? We don't have a choice

Paulson and Bernanke want Congress and the American people to write them a big check --despite the financial leaders' sketchy track records. Unfortunately, the cost of not acting is far larger.

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[Source: MSN Money Latest Articles]

Bidding war for Wachovia erupts - report

A bidding war for Wachovia has erupted between banking giants Citigroup and Wells Fargo, according to a published report Sunday night.

Gas prices down 11% from high

Gas prices dropped for their eleventh day in a row, bringing their total decline to about 20 cents over the period, according to a nationwide survey of credit card swipes at gasoline stations.

Banks: Only the strong survive

Banks have been thrust into the center of a financial tempest during the past few months that has left industry experts and consumers wondering: what's next?

Main Street turns against Wall Street

In one frenzied month Treasury Secretary Henry Paulson and Federal Reserve chairman Ben Bernanke remade Wall Street. Along the way they may also have recast American politics. A month of historic government interventions shows signs of triggering a political version of climate change - unleashing a new era of class fury that could hurt U.S. companies, business leaders, and wealthy investors for years.

Rescue bill unveiled

The federal government would put up as much as $700 billion in a far-reaching plan to rescue the nation's troubled financial system, according to a bill unveiled by lawmakers on Sunday.

Are we buying a $700 billion 'maybe'?

Just by seeking aid through the government's bailout, financial companies could be putting themselves at risk. And we wouldn't know for months whether the plan was working.

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[Source: MSN Money Latest Articles]

Delta to sell commuter seats by class

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Green light for rescue plan

Lawmakers agree on a tentative deal to bolster the financial markets. Early market reaction is neutral. Regional bank Wachovia looks for a suitor. Research In Motion shares fall 28% on a disappointing profit outlook.

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[Source: MSN Money Latest Articles]

Credit freeze and your paycheck

Is it even harder now for businesses to get credit from banks? No question.

Bailout: What's in it for homeowners

The revised $700 billion bailout legislation unveiled Sunday calls for the Treasury Secretary to implement a plan to stem foreclosures and to work with servicers to modify loans.

$700 billion or Armageddon? Sounds like sci-fi

The more I hear about Henry Paulson's plan, the less convinced I am it's worth $2,000 from every American. The predictions of financial Armageddon without it don't ring true.

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[Source: MSN Money Latest Articles]

McDonald's and 9 other hot stocks

The nation's No. 1 fast-food chainappears on an MSN Money list of stocks with momentum. Here are StockScouter's top picks.

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[Source: MSN Money Latest Articles]

9 ways to prepare for disaster

Have an emergency fund? A stash of food and water? Is your income insured? Can your kids do CPR? Catastrophe can strike at any moment, and you'd better be ready.

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[Source: MSN Money Latest Articles]

Financial markets breathe easy, for now

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I was lucky to get out

When Erin Callan, Lehman Brothers' onetime golden girl, left the firm in July, it was a tumultuous end to what had been a stellar 13-year run. She'd risen from tax lawyer to investment banker to a six-month stint as CFO - and was then thrown under the bus by her mentor, CEO Dick Fuld, as Lehman's share price tanked and rumors swirled about the firm's imminent demise.

WaMu seized; assets sold

JPMorgan Chase stepsin to buy $1.9 billion in assets from the government. WaMu"s collapse is the worst bank failure in US history, and the thrift is the 13th financial institution to fall this year.

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[Source: MSN Money Latest Articles]

A hard-to-swallow $700 billion 'cure'

Like the market, our players' portfolios have hit the skids as we watch Wall Street and Washington try to fix the financial system. So far, we're not impressed.

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[Source: MSN Money Latest Articles]

Huge European bank fails

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Gas shortages: get ready for more

While Congress and Bush administration officials have been working to complete a bailout plan and stem the financial contagion on Wall Street, a different kind of economic crisis emerged across the South this week: A severe, hurricane-related gasoline shortage has curtailed trucking from Atlanta to Asheville, N.C., and created a wave of panic buying among motorists.

Is your home underinsured? 8 key points

Don't rely on your insurance company to size up what you need. Here are the steps you should take to make sure that a disaster doesn't ruin you.

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[Source: MSN Money Latest Articles]

Sunday, September 28, 2008

Thursday, September 25, 2008

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