Monthly Archives: September 2008

8 Types of Deposits Covered By FDIC Insurance in Banks – Part 3

Employee Benefit Plan Accounts Employee benefit plan accounts are deposits of a pension plan, profit-sharing plan or other employee benefit plan. Employee benefit plan deposits are insured up to $100,000 for each participant’s non-contingent interest in the plan. This coverage … Continue reading

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The Tithing Controversy

While taking the time to go through my reader this morning I noticed an interesting title, “Could Tithing Lead Some Americans to Lose Their Homes”, over at the Get Rich Slowly blog. I decided to take the time to leave a … Continue reading

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What Does FDIC Deposit Insurance Cover?

We all remember the “run” on the savings and loan in the movie “It’s a Wonderful Life“.  This is basically what happened that forced the Feds to take over WAMU.  Washington Mutual, which was bought by JP Morgan after being … Continue reading

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Financial Insights Into The Current State Of The U.S. Economy

Here is an article from the FDIC website: Acquisition of Washington Mutual Bank September 25, 2008 Banking operations of Washington Mutual, Inc were sold in a transaction facilitated by the Office of Thrift Supervision (OTS) and the FDIC. All deposit … Continue reading

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What is Short Selling And Why Must It Be Banned?

The US Securities and Exchange Commission on Friday temporarily banned short selling of shares in certain companies in emergency action aimed at boosting investor confidence amid financial turmoil. I am not a stockbroker but let me give this a try. … Continue reading

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Some of the Reasons Why Businesses Fail

Here is an interesting article about the reasons for failure in business.  There are many more reasons that could be sited but the ones listed here are valid.  Jim Why Businesses Fail By Carolyn Clayton There are many different reasons … Continue reading

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What Exactly Is This Thing Called Strategy?

What, Exactly, Is This Thing Called ‘Strategy’? By James R McCarthy “STRATEGY is a style of thinking, a conscious and deliberate process, an intensive implementation system, the science of insuring FUTURE SUCCESS.” – Pete Johnson- American Jazz Pianist 1904-1967. Here … Continue reading

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Wall Street in Despair

The latest collapses on Wall Street will no doubt stir up calls for more government regulation of financial institutions. Lehman Brothers is the latest Wall Street firm to go belly up with their filing for bankruptcy protection under chapter 11. … Continue reading

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