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Bank of America Will Buy Merrill Lynch, Lehman Brothers Declares Bankruptcy, What’s Left for Washington Mutual?

by Luke Landes

Going into the weekend, it looked like Bank of America was poised to save the failing Lehman Brothers. In an interesting dramatic twist, Lehman Brothers will file for bankruptcy while Bank of America will buy Merrill Lynch for $50 billion in stock. After the deal, Bank of America will be managing assets of $2.5 trillion. ... Continue reading this article…

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Ten Things to Do With $1,000 (Plus 21 More)

by Luke Landes

If you’ve suddenly come upon $1,000 you didn’t have the day before, you may get the urge to celebrate. $1,000 doesn’t open many new opportunities to you these days, but there are a number of options. Kiplinger has published a special with 37 ways to invest $1,000, but I have a few suggestions of my ... Continue reading this article…

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Hugh Laurie (Dr. House) Will Earn $9 Million This Season (and Weekend Blog Roundup)

by Luke Landes

If money is the ultimate judge, it’s better to be a fake doctor on television than it is to be a real doctor, at least if that fake doctor appears on the show House. Hugh Laurie, the British comedian-actor who affects a usually convincing accent in the program, will earn about $400,000 per episode this ... Continue reading this article…

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Choosing Your Major and Your Career For Earning Potential

by Luke Landes

If your goal in life is to earn as much money as possible, then you need to determine before you graduate high school what high-earning career path is best for you. You’ll need to weigh your skills and aptitude to decide the collegiate degree that provides you the best chance for professional success as well ... Continue reading this article…

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Whoo Hoo: Washington Mutual Next to Fail?

by Luke Landes

Shares in Washington Mutual, the country’s largest savings and loan bank, dropped over 30 percent in one day due to fears that this institution will be the next in a series of failures of financial companies. WaMu holds $310 billion in assets, a huge amount of deposits. The FDIC, which might step in to take over ... Continue reading this article…

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Introducing Fuelly

by Smithee

Fuelly is a new, free online service which helps you track your mileage. It pays attention to what kind of car you’re driving, how much you’re spending, and creates helpful charts to let you know whether your mileage is improving or declining over time. It has great support for mobile browsers, which is exactly what ... Continue reading this article…

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FNBO Direct Giving Away $25,000 to Customers

by Luke Landes

Liz Pullliam Weston, author and personal financial columnist, has teamed up with FNBO Direct (the online savings arm of First National Bank of Omaha) to sponsor a contest called “Pay Yourself First” in which five winners will each receive $5,000. Those who wished to participate sent in a one-minute video about why they save money ... Continue reading this article…

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Fannie Mae and Freddie Mac Seized by the Government: Likely Results

by Luke Landes

Fannie Mae (the Federal National Mortgage Association) and Freddie Mac (the Federal Home Loan Mortgage Corporation) are companies that buy mortgages from lenders. Those lenders, by selling loans to the companies, have more cash on hand to lend to other individuals. Fannie Mae and Freddie Mac then “repackage” the mortgages and sell them as securities ... Continue reading this article…

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Comparing McCain and Obama’s Tax Plans

by Smithee

American Presidential elections are a great big spectacle of promises, speeches, mud slinging, rumors, misinformation and debates. A lot of people make their decisions based on soft aspects like a candidate’s personality. I like to look for the hard numbers that you won’t find on the nightly news, and I found a good summary of ... Continue reading this article…

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ING Direct $25 Bonus Referrals Updated and MoneyBlogNetwork Roundup

by Luke Landes

Consumerism Commentary readers have supplied more ING Direct bonus referral links to help other readers earn $25 for opening a new ING Direct Orange Savings Account. Additionally, I’ve sent emails to the first group of readers on the current waiting list to request more links. If you’re on the waiting list, start checking your email ... Continue reading this article…

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