How Will the Bailout Work? No One Actually Knows
If taxpayers are having trouble understanding the Bush administration's Wall Street rescue plan, they might want to think of it in terms of some popular TV shows: "Who's the Boss?" "Deal or No Deal" and "Jeopardy."
Working Folks Outraged By Bailout Plan
Allentown, Pa., is in some ways a profoundly ordinary place. Like cities and towns all over America, it has been shaken by economic changes seemingly beyond its control: the churning of industries, the dislocation of workers. The latest details of the government's proposed $700 billion rescue plan is on people's minds. For many of Allentown's residents, the rescue is an occasion for anger, even if that feeling is at times blunted by fatigue and resignation. They dislike what goes on in Washington, but those ill feelings are nothing compared with their view of Wall Street. "People see that the chief executives of these finance companies are making millions on the backs of taxpayers".
What FDIC, SIPC, NAIC and More Really Do?
Given today's turbulent markets, suddenly understanding what state and government provisions are in place to protect your cash and other assets should an institution go belly-up is foremost on many Americans' minds. From a safety perspective, odds are good that your cash is secure -- even if your accounts are with a shaky bank, brokerage or insurer. These government groups step in to protect consumers when financial institutions fail. Here's how FDIC, SIPC, NAIC and others protect your cash and other assets.
Is Your Bank Safe?
Many banks are struggling in this tough economy. Is yours safe? Check your bank's star rating at Bankrate.
Time to Reconsider Retirement Rules-of-Thumb
You shouldn't panic, but you need to re-evaluate conventional retirement-plan strategies. Here is what to do now to revisit your investment plan.
Knock $4,000 Off Your Utility Bill
Invest $1,500 in insulation and maintenance and get over twice that in energy savings the first year.
http://money.cnn.com/galleries/2008/pf/0809/gallery.utility_bill.moneymag/index.html
http://money.cnn.com/galleries/2008/pf/0809/gallery.utility_bill.moneymag/index.html
10 Easiest Cars to Bargain For
Before dealers can move on to 2009 they need to clear their showrooms of 2008 vehicles--and there are plenty of them. This means it's a buyer's market. On several slow-selling 2008 models, it's easy to bargain down the price. Acura, Dodge and Audi are among the best to get deals on now.
Struggling Playboy outsources business ops
J. Crew earnings preview: A strong Q3 all buttoned up?
Twitter to make acquisitions, generate revenue in 2010
Reader Comments (Page 1 of 1)
9-25-2008 @ 10:08AM
hank said...
I'm in favor of giving $85,000,000,000 to America in a 'We Deserve It' dividend. To make the math simple, let's assume there are 200,000,000 bona fide U.S. citizens, aged 18+.Our population is about 301 million counting every man, woman , and child So, 200,000,000 might be a fair stab at adults 18 and up. Now, divide 200 million, 18+ adults into $85 billion - that equals $425,000.00 each!
Yes, my plan is to give that $425,000 to every adult as a 'We Deserve It' dividend. Of course, it would NOT be tax free. So, let's assume a tax rate of 30%. Everyone would pay $127,500.00 in taxes. That sends $25.5 billion right back to Uncle Sam! It also means that every adult 18+ has $297,500.00 in their pocket. A husband and wife would have $595,000.00!What would you do with $297,500.00 to $595,000.00?· Pay off your mortgage - housing crisis solved· Repay college loans - what a great boost to new grads· Put away money for college - it'll really be there· Save in a bank - create money to loan to entrepreneurs· Buy a new car - create jobs· Invest in the market - capital drives growth· Pay for your parent's medical insurance - health care improves· Enable Deadbeat Parents to come clean - or else Remember this is for every adult US. citizen, 18 and older (including the folks who lost their jobs at Lehmann Brothers and every other company that is cutting back) and of course, for those serving in our Armed Forces. If we're going to do an $85 billion bailout, let's bail out every adult U.S. citizen!!As for AIG - liquidate it. · Sell off its parts. · Let American General go back to being American General.· Sell off the real estate. · Let the private sector bargain hunters cut it up and clean it up. We deserve the money and AIG doesn't. Sure it's a crazy idea, but can you imagine the coast-to-coast block party?!How do you spell Economic Boom? W-e D-e-s-e-r-v-e I-t d-i-v-i-d-e-n-d! I trust my fellow adult Americans to know how to use the $85 Billion 'We Deserve It' dividend more than I do the geniuses at AIG or in Washington, D.C..And remember, The plan only really costs $59.5 billion because $25.5 billion is returned instantly in taxes to Uncle Sam.
Do it!