Circuit City files for bankruptcy. This store is the latest victim of the current economy. You can look through the remaining stores, but I don’t think this bankrupcty will lead to fire-sale prices on electronics as we head into the holiday shopping season.
Is It Time to Have a Money Talk, Child to Parent? Will you have to bail out your parents? Finance is always a difficult topic across generations within the same family. This New York Times article includes a sample letter you can use to help approach the subject with your parents.
Reinsuring A.I.G. The Treasury Department added $40 billion to the bailout for A.I.G., bringing the total assigned to this company $150 billion. In return for the additional $40 billion, the government will own a stake in the company. A.I.G. will also benefit from a lower interest rate on the money it is borrowing from the Federal Reserve.
Fierce Financial Tips: The Carnival of Personal Finance #178, Struwwelpeter Edition. Today’s edition of the Carnival of Personal Finance focuses on a strange collection of 19th century children’s poetry from Germany! In addition to the articles featured as Editor’s Choice, start with What Has Changed in Personal Finance, Living Frugal With Other People’s Money, and The Importance of Doing What You Know You Should.
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Updated September 2, 2011 and originally published November 10, 2008. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.