Month: February 2012

The LIBOR and Fed Rate Fall: What that Means for You

Yesterday, as you probably heard, the Federal Reserve Bank cut the key overnight interest rate by 75 basis points. The LIBOR (London Interbank Offered Rate) has also been dropping due to credit concerns. So, you may be wondering what this means for you. The answer is that it depends on how your finances are arranged. Credit cards: …

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That Makes Me Stabby: Bankruptcy for Personal Gain

First, let me say that I’m not opposed to personal bankruptcy. Every year, millions of people lose jobs, suffer major illnesses, or experience family losses that decimates their finances. These are the people bankruptcy was invented for. However, there is a new bankruptcy trend that really makes me stabby: filings by people who could pay their …

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