Is Bush’s $ 700 Billion dollar bail-out going to help your credit?

Wow – 700 Billion! How many zero’s is that anyways? $700,000,000,000…well let’s just say it has more zeros than I’ve ever seen. The question however is – Will this help? The short answer…Yes! Don’t get me wrong. I’m not in the habit of saying – “let the tax payers bail out the fat cats.” In [...]

How investment banks collapsing affects your credit.

By now you have probably noticed the wheels are coming off the financial system and investment banks are dropping like flies. The credit collapse has claimed financial monsters such as Lehman Brothers, Merrill Lynch, Bear Stearns and others are in trouble also. Why are they failing? All of these institutions have one thing in common… [...]

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