CIT Group Files For Bankruptcy

Nov 05, 09 CIT Group Files For Bankruptcy

Posted by in News

Welcome to the number one recession survival blog! Sign up for our RSS feed and follow us on Twitter to get the most out of the information provided here. Thanks for joining us! Tweet CIT Group filed for bankruptcy under a pre-packaged deal that will allow the company to...

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Risky Business

Tweet The crisis that almost brought about the fall of civilization as we know was started by unscrupulous Wall Street bankers and brokers who knew that any risk they incurred would be passed on to somebody else. After the federal government stepped in and prevented a...

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Proposed Financial Reforms Lack Teeth

Sep 16, 09 Proposed Financial Reforms Lack Teeth

Posted by in News, Recession Opinions

Tweet After President Obama made his passionate and forceful speech about the need for more regulation of Wall Street and the giant banking firms, reaction was mixed.  Many people do not believe that Wall Street has the will to behave better. When you break down the...

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Stock Market Rising

Aug 04, 09 Stock Market Rising

Posted by in Investing, News, Recession Opinions

Tweet Recently, we have been bombarded by news that the stock market is doing remarkably better than it has been over the last year. Despite the dismal news from lagging indicators such as unemployment and home purchases, the stock market has risen above 9,000 for the first...

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Is The Stimulus Plan Working?

Tweet The news from throughout the country has been discouraging.  Unemployment hit 9.5%, while real unemployment hovers around 16.5%.  Over two million jobs have been lost since Mr. Obama took office.  Foreclosures are rising, while economists expect 1.5 million people...

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Best Movies About Money And Finance

Tweet The quest for capital and all of the advantages that it brings has consumed man since we developed opposable thumbs.  While many movies deal with money as a peripheral issue, there are some great movies that deal with the mechanics of making money.  I have always...

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