Economy

2010 Money

2009 has been a tough year for money. HelpSaveMyDollars.com has compiled 10 things you can do to ensure that 2010 will be a prosperous year for your money: 1. No More Credit Cards – Use cash only from now on!   If you’re buying something online where credit cards are a must, then make sure...
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One of the Worst Days in Financial History

(Originally posted on September 29, 2009) – September of 2008 was already a chaotic and tough month for Wall Street.  Lehman Brothers failed on September 15th, Merrill Lynch was folded into Bank of America, Washington Mutual was sold to JP Morgan, and AIG, Fannie Mae and Freddie Mac fell under great duress.  One would think...
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Economy: Signs of Hope? Nope, Not Yet!

(August 2009) – There has been some better economic news lately: 247,000 jobs were lost in July and the unemployment rate is now 10% instead of 9.5% just a few months ago.  It seems as if many people are starting to see “signs of hope” in the economy.  Now 247,000 job losses are better...
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TARP and Bank Bailouts

It’s becoming an economic cliché: TARP (Troubled Asset Relief Program).  TARP was a $700 billion fund set up on October 3, 2008 under the Emergency Economic Stabilization Act of 2008 (EESA).  The purpose of TARP was to assist troubled banks that were plagued by those toxic sub-prime mortgage loans.  It is believed that TARP...
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Dow 11,000 is Here

(April 12, 2010) – In March 2009, the Dow Jones industrial average was at its lowest level in years – around 6,500. Traders and investors cheered in October 2009 when the Dow finally hit 10,000.  Dow 11,000 still seemed unlikely, given the turmoil in the markets lately.  And now we can proudly say “Dow 11,000”...
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The Economic Roller Coaster

(November 30, 2009) – The end of November 2009 and into the beginning of December have been full of economic news, both good and bad. All of this news can be overwhelming and confusing, which is why HelpSaveMyDollars.com breaks the news down, below: After Thanksgiving last Friday (November 27, 2009), the world watched as the...
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One Year Anniversary of Lehman Brothers Collapse

(September 15, 2009) - Last September 15th , the world experienced an event that caused months of future economic hardship. That event was the collapse of investment bank giant Lehman Brothers.  But September 2008 was a tumultuous month for banks.  Every few days another huge financial bank failed: Fannie Mae, Freddie Mac, Merrill Lynch, Lehman...
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Senate Passes Wall St. Reform

After a very lengthy debate in Washington, D.C., the Senate has finally passed a sweeping Wall Street reform bill.  In the days following the announcement of the Securities and Exchange Commission’s (SEC) investigation of Goldman Sachs, the debate over whether or not Wall Street reform is necessary continued to climb.  There has been an...
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