[Editor’s Note: This is the first installment of a new series that will explore sound strategies for investing during the ongoing financial crisis.] By William Patalon III Executive Editor Money Morning/The Money Map Report Just this week, a friend told me that he wanted to jump-start his long-neglected saving-and-investing efforts, but was worried it wouldn’t […]
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Financial Crisis Investing
Retirement Strategies: The Three Best Ways to Rescue Your 401(k)
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[This is the second installment of a two-story package that examines how the global financial crisis has put the squeeze on retirement funds. Today(Friday) Money Morning looks at strategies investors can use to bounce back from a big drop in the value of their 401(k) retirement plans. In Part I yesterday (Thursday), we looked at […]
Fed Announces $800 Billion in Homeowner, Consumer and Small Business Aid
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By Mike Caggeso Associate Editor Money Morning The U.S. Federal Reserve and Treasury Department announced yesterday (Tuesday) $800 billion worth of stimulus measures to rev up three primary engines of the U.S. economy – homebuyers, consumers and small businesses. This newest economic infusion follows a $700 billion banking system bailout package that was unveiled in […]
Bailout Plan Forcing U.S. to Borrow $1.4 Trillion, Creating a $1 Trillion Deficit
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By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report The U.S. Treasury Department plans to borrow a record $550 billion in the current quarter, and another $368 billion in the first three months of the New Year – money needed to fund the $700 billion bailout plan the government is using to battle the worst […]
PNC Becomes First Bank to Utilize TARP Funds with Acquisition of National City
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By Jennifer YousfiManaging EditorMoney Morning PNC Financial Services Group Inc. (PNC) became the first U.S. bank to make use of the government’s Troubled Assets Relief Program (TARP) with its plans to purchase National City Corp. (NCC). Pennsylvania-based regional bank PNC announced today (Friday) that it would purchase Ohio-based National City in an all-stock transaction that […]
Paulson Announces New Plans to Buy Equity Stakes in Banks and Revive Credit Markets
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By Jason Simpkins Associate Editor The U.S. government yesterday (Tuesday) announced plans to invest $250 billion, more than a third of the $700 billion congressional bailout allotment, into nine of America’s largest banks in an effort to bolster confidence in the financial system. Similar to steps taken by European governments earlier this week, the government […]
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