As featured in The Wall Street Journal, Money Magazine, and more!

News and Blogs, Monday, November 24, 2008

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Reminder: While I am on vacation this week, Consumerism Commentary is featuring articles by other writers. Please read Criminal Charges: Volume XVII, the first of this week’s guest articles.

Rescue Deal for CitiGroup. Citi is too big to fail, so the government is preparing an injection of $20 billion in addition to the $25 billion the company has already received. GM, Ford, and Chrysler are quoted as whining, “It’s not fair!”

Wall Street versus Pennsylvania Avenue. According to the Presidential Cycle, the stock market loses ground during the first half of a new president’s term while increases significantly during the second half. Statistics prove this to be true, but here’s why you shouldn’t abandon stocks for two years.

Gift Cards: A Bad Idea Gets Even Worse. This is bad news for office Secret Santa exchanges. Now we’ll have to think about what trinket someone else may like.

180th Carnival of Personal Finance. Living Almost Large is hosting this edition of the Carnival of Personal Finance with pictures of foreign paper currency. In addition to the Editor’s Picks, check out Visualizing $10,000 Extra in Your Life, The Not-so-Easy Part of Personal Finance, and Financial Education in Schools.

Updated February 6, 2012 and originally published November 24, 2008. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

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