Personal Finance

Friday Money Quote September 19, 2008

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Many wealthy people are little more than janitors of their possessions.
-Frank Lloyd Wright
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photo credit: pfala

The Financial Roller Coaster Continues For Lynch, Lehman, And AIG

Crazy news this Monday morning! So here’s the scorecard:
Merrill Lynch will be bought by Bank of America. According to Bloomberg.com, BofA will buy Merrill for $29 a share a 70% premium on it’s 9/12 price but considerably lower than it’s 2007 high of $97.53.  What caused this buyout to happen?  Bad mortgages! According to [...]

Friday Money Quote September 12, 2008

The greatest wealth is to live content with little.
-Plato
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Friday Franklin Money Quote September 5th, 2008

photo credit: yomanimus

Creditors have better memories than debtors.
-Benjamin Franklin

Don’t think that because you want to forget about a debt that it will be forgotten!  When a company wants money they will do what they can to get it.  Avoid all of this by making payments on time.  Even better is to not be in [...]

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