Is a Countrywide Bankruptcy Imminent? Investors Think So!

Countrywide Financial (CFC), one of America’s largest home-loan lenders, tried as hard as they could today to deny the rumor that the company is filing for bankruptcy. However, as today’s stock performance shows… nobody seemed to be listening.

But today’s press announcements and market reactions brings up a few interesting observations about investing:
1. Sometimes market […]

Jackson Hewitt Gets Jacked

(Saw that headline today on Forbes and couldn’t resist!)
As you know, I am adamantly opposed to any Company who markets products (especially financial products) that harm or take advantage of consumers who don’t know any better. For example, Pay Day Loan brothels (yes, I said brothels) take advantage of people in need of short-term […]

Christmas Spending Out of Control?

Brick-and-mortar retailers are getting worried as Christmas is right around the corner (tomorrow). According to their numbers, the amount of money being dumped into holiday advertising has not produced an equal amount of holiday shopping. Some have attributed this to what they’re calling “the year of the consumer” - where retailers are being […]

Is Today the Beginning of the End for Social Security?

Does anyone know who this woman is, or why she is so special?

This woman, Kathleen Casey-Kirschling, filed for early retirement Monday, becoming the first baby boomer to start collecting Social Security. Born one second after midnight in January 1946, the retired teacher leads the way for as many as 80 million individuals […]

Question of the Day: Would You Support a $5,000 Baby Bond?

Total presidential hopeful Hillary Clinton proposed giving each newborn child a $5,000 bond to be used to pay for education later in life.
“I like the idea of giving every baby born in America a $5,000 account that will grow over time, so when that young person turns 18, if they have finished high school, they […]