ShoreBank Shut Down By The FDIC Another bank has been taken over by the FDIC. Thus far the banking crisis has seen over a hundred institutions succumb to the financial turmoil that we are facing. With the Obama Administration’s policy of spend, spend, spend…I doubt that this is the last bank we will see being [...]
Mother’s Going Back To School Along With Their Children In today’ “It’s Your Money” column, we’re going to be discussing the thought of Mom going back to school. It’s that time of year again when the kids are herded back into schoolyards across the Country. The Back-to-School season has become a season unto itself. It [...]
Harvard Named Top University In America This year’s edition of the U.S. News & World Report rankings of top collegiate institutions has Harvard topping the list. Princeton, which tied with Harvard last year, came in second this year. Yale followed as the number 3 ranked school on the list. The Top 5 was rounded out [...]
If you have been counting on the Stock Market to increase your financial prosperity, you may want to look elsewhere. The economy has not been doing well and whether it is a factor or a cause, the Stock Market is following suit. Get used to a difficult stock market. It’s nearly four months since stocks [...]
Homeowners Refinancing Into Short Term Mortgages USA Today is reporting that more and more homeowners are looking to refinance into shorter term mortgages. Taking advantage of the lowest rates in decades, credit worthy borrowers are seeing great opportunity with short term mortgages. At today’s rates, a borrower with a 30-year loan at a 6.5% interest [...]
Thomas Hoenig Says That Keeping Rates Low Is Dangerous Despite a still sagging economy that is riddled with millions of the unemployed and a continuing onslaught of foreclosures looming ahead, Thomas Hoenig of the Federal Reserve insists that keeping interest rates so low in not what will help us in the long run and in [...]
Are You Looking For Cheap Car Insurance For Young Drivers? If you have a young driver getting set to go off to college or one who is living with Mom and Dad right now, you may want to check out BB&T Insurance Services. BB&T Insurance Services is a wholly owned subsidiary of Branch Banking and [...]
Matthew Simmons an oil guru who also was a well respected investment banker and author died yesterday. He was 67 years old. Simmons, wrote the book “Twilight in the Desert” that opined about the realitythat the Earth’s supply of oil is dwindling. Simmons “passed away suddenly,” according to an e-mailed statement today from the Ocean Energy Institute, founded [...]
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