by Flexo
As the market was collapsing, J.P. Morgan Securities continue to convince clients to invest in a complicated investment made up of credit-default swaps, even though the underlying investments were selected by a hedge fund, Magnetar Capital LLC, that would benefit from seeing the investment fail. Allegedly, J.P. Morgan was knowingly selling an investment designed to ... Continue reading this article…
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by Flexo
ING Direct has been on sale for the past few years, and I’ve speculated on the rumors of possible buyers like Ally Bank and GE Capital. The winning bidder has been announced. Capital One has purchased ING Direct for $9 billion. Capital One is a financial institution that is historically known as a credit card ... Continue reading this article…
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Nominate Your Favorite Blogs and Products for the Plutus Awards
by FlexoI don’t normally like to interrupt the stream of personal finance articles with something that’s more related to the website than it is to money, but this is an important message that can help support the entire community of blogs that focus on writing about personal finance. If administration-type articles don’t interest you, skip ahead ... Continue reading this article…