September 2008

There’s Room In The Citi For Wachovia

by Glen Craig

Citigroup has agreed to buy the banking operations of Wachovia. Unlike Washington Mutual’s acquisition last week by JPMorgan, Wachovia’s operations did not fail.  This will be an open operation buy from Citigroup of Wachovia’s banking operations.  Citigroup will be assuming up $42 billion in losses from Wachovia while the FDIC will assume any losses above [...]

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Festive Link Love Carnivality #26

by Glen Craig

Whoa!  Crazy week huh? WaMu is no more.  The gov’t is trying to pass a HUGE bailout plan.  On the bright side, I’m running a great big blogoversary contest where three lucky winners can win an Amazon gift card (Hank over at MiB has a contest up too)!  Make sure you sign up and tell [...]

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Washington Mutual Your Name Is Now JP Morgan

by Glen Craig

Washington Mutual is no more. Yesterday the Fedral Deposit Insurance Corp (FDIC) seized Washington Mutual’s assets and sold them to JP Morgan.  The cost of JP Morgan’s acquisition is just under $2 Billion. This is now the biggest banking failure in the nation’s history! Washington Mutual had been hurting for a while after gambling on [...]

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New Economic Stimulus Package – The $700 Billion Bailout

by Glen Craig

Remember all the talks earlier in the year about a second economic stimulus package? At the time I thought it was all just political talking, what with an election coming up.  Nope.  Here it is but this time it’s in the form of a $700 billion bailout to be used to buy mortgage backed securities. [...]

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What Will Retirement Be For You?

by Glen Craig

photo credit: ccgd What does retirement mean to you? Do you know anyone that is retired?  What is their life like now? I see two main types of retirement.  The first is when a person (or a couple) makes the decision to leave the workplace once and for all.  They’ve saved up for decades and [...]

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What We’re Looking To Do With Our Finances In The Next Year (And A Contest)

by Glen Craig

Free From Broke is about to turn a year old (October 4th to be exact).  A lot has happened in the past year:  I took the jump and started my own site.  We decided to live off one income so my wife can stay home to watch the kids.  We’ve had car accidents.  We bought [...]

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Festive Link Love Carnivality #25

by Glen Craig

Another week goes by and Summer has come to an end.  Remember the Summer of love?  Ok, I don’t but this summer will be known as the summer of bailouts. Anyway, here are the carnivals I participated in this week: I Re-Allocated And Re-Balanced My 401(k) Portfolio had the privilege of being included in the [...]

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Friday Money Quote September 19, 2008

by Glen Craig

Many wealthy people are little more than janitors of their possessions. -Frank Lloyd Wright Sign up with ING Direct and get a $25 bonus – Free From Broke photo credit: pfala

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The American Dream Is An Illusion

by Glen Craig

What is the American Dream to you? I used to think of it as owning a home, having a good job, and raising a family.  I don’t think I’m far off by thinking that’s what many of us think it is.  But is that what we are actually aiming at these days? My big issue [...]

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Personal Finance In One Simple Equation

by Glen Craig
Thumbnail image for Personal Finance In One Simple Equation

We’ve heard it all before haven’t we?  The simple way to build wealth is to spend less than you earn. Let me demonstrate this as a simple equation: Spending < Earnings = Savings That’s it in a nutshell.  Take what you earn.  Now look at what you spend.  If what you spend is less than [...]

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