Attention New College Grads: Consolidation rates on some student loans will drop to 3.61 percent after July 1, 2008. Read my column in the Sun-Times on Monday, June 2nd column, and post your comments and questions here!
May 2008 Archives
If you'd like me to answer your personal finance question, please send it along. I'll delete your email address, and use only your first name. Only questions of general interest, please. I cannot give individual stock recommendations! Thanks for participating in my blog!
Remember, you do NOT have to leave your name or email. Just click in the large box to post your question!
My column this week http://www.suntimes.com/business/savage/943998,CST-FIN-terry12.savagearticle
talks about the products offered inside banks that are not FDIC insured.
The term "money in the bank" now seems to refer to a wide range of products being sold to people looking for higher yields -- ranging from annuities, to unit investment trusts, to other securities -- none of which are FDIC insured against loss.
Yet because they are sold INSIDE a BANK and by "personal bankers" -- many people don't recognize the risks in these products.
I've heard from both sides! Check out these comments and add yours!
Is the media getting "bored" with stories of people being foreclosed, evicted from their homes, because of sub-prime mortgages? Have we stopped asking questions about blame -- and just given the banks, Congress, the mortgage brokers, a pass on this one? I posted questions in today's column: http://www.suntimes.com/business/savage/931350,CST-FIN-terry05.savagearticle
What do you think?
Terry Savage
Terry Savage writes a syndicated personal finance column for the Chicago Sun-Times and for TheStreet.com. Her latest book is "The Savage Number: How Much Money Do You Need to Retire?" Read more at TerrySavage.com.
