Time to buy stocks, Uncle Sam wants to own your bank & house & retailers face credit crisis - Today in Money 9/19

Posted Sep 19th 2008 9:10AM by Allan Halprin
Filed under: Ford Motor (F), General Motors (GM), Citigroup Inc. (C), Money and Finance Today, Amer Intl Group (AIG), Oracle Corp (ORCL), Washington Mutual (WM), Kraft Foods'A' (KFT)

In the News:

· Stocks Soaring Further After News of Government Plan

· Feds Pursue Plan to Relieve Banks

· SEC Temporarily Bans Short Selling for 799 Financial Stocks

· Citigroup Said Considering Bid for Washington Mutual

· Treasury to Guarantee Money Market Funds

· Stocks Surge in Asia and Europe

· GM, Ford, Chyrsler Want Their Bailout Too

· SEC Chairman Chris Cox Under Fire for Financial Crisis

· Oracle Profit Beats Expectations, Jumps 28%

· Kraft Foods Replaces AIG in Dow Jones Industrial Average

· ID Thieves Using Voter Registration Scams

Uncle Sam Wants to Own Your Bank, And Your House
The latest in a very long list of government proposals to save the world is the most radical. Congress would create a mechanism to sweep the so-called toxic assets of banks, brokers, and insurance companies into one huge fund controlled by a new entity or some division of the Treasury.
http://www.247wallst.com/2008/09/uncle-sam-wants.html

Time to Buy Stocks -- Not Sell
Despite the frightening events on Wall Street, this bear market may be over soon. The crisis on Wall Street has caused so much panic that I think it's time to increase -- not decrease -- your allocation to stocks. All the usual caveats apply: Don't do this with money you're going to need in the next few years, and don't overdo it. But if you're a long-term stock investor, go ahead. A year or two from now, I have little doubt you'll be glad you bought during this tumultuous time.
http://www.kiplinger.com/columns/value/archive/2008/va0918.htm

Retailers Face Credit Crisis
Some struggling retailers are likely to face a tightening of the short-term credit that carries them through the holiday season, and they could have trouble renewing long-term financing unless creditors ease their loan terms or the retailers pay a lot more. Midlevel retailers, many of whose customers are cutting back on discretionary purchases and trading down to discounters, will likely be in the toughest spot.
http://www.usatoday.com/money/industries/retail/2008-09-18-retail-credit-squeeze-holiday_N.htm

Beware of Hidden College Fees
With college tuition higher than ever, some universities are getting creative by disguising additional costs as mandatory fees. Here are a few examples of fees being charged at universities across the country and where the money is heading.
http://www.mainstreet.com/article/life-stages/educational-funding/beware-hidden-college-fees

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Reader Comments (Page 1 of 1)

9-19-2008 @ 11:12AM

Joe Theep said...

Thanks Congress and Senate for fixing your rich buddies problems while we working people struggle to live.

You are the worst people in the world.

You have no brains and no ability to think through tough problems. If we fail it is tough love. If the rich fail then oh we need to help them with the working people’s money because they give us money to campaign with. What BS.

Impeach them all.

Do not vote for an incumbent.