Archive for the ‘Financial Reviews’ Category

Where To Look For Affordable Health Insurance?

October 8th, 2009 admin

Most of us who are blessed with a job in the present world also have health insurance taking care of our needs. However, for the rest of us, getting health insurance is something that we need to do on our own. Hence, it is imperative that we know where to begin from in order to get health insurance that fits our budget and has all the requisite features.

The challenge remains in finding health insurance that has coverage that is actually useful if you do fall ill and need to claim it and also finding it in a budget that is agreeable by people who are making a low income or are living off their savings.

Most companies have realized that health insurance is not a necessity anymore and if people dont find affordable ones, they are not going to be bothered with it. This is probably why over 47 million Americans today dont have any kind of health insurance and prefer to remain that way until their other needs are taken care of or until the insurance becomes more affordable.

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Tags: Health Insurance, Insurance

Another Consumer “Success Story” Against Bank of America

October 7th, 2009 admin

Are consumers just on a lucky roll against the big banks, or are more Americans simply fed-up with the outrageous fees and charges and just finding more unique and brazen ways to show that they aren’t going to take it anymore?

Kristy posted a blog last Friday which showed a video documenting one consumer’s successful fight against the usurious fees charged by the banks for overdrafts, specifically targeting Wells Fargo Bank. While surfing the net for interesting, educational or unique credit news over the weekend, we stumbled upon another consumer’s story, that of a California woman named Ann Minch. Now Ann’s story (and youTube video) isn’t as polished and well organized as the gentleman at the center of Kristy’s post, but her rebellious ways to get what she wanted also seemed to work with everyone’s favorite banking institution, Bank of America.

Ann’s story in a nutshell sounds alot like what many of us are facing with our credit card accounts — that is, changes to our interest rate or credit limit being implemented with little or no reason (that we can figure). According to Minch, she h

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Tags: America

Australian Banks To Raise Variable Interest Rates As Early As Wednesday

October 7th, 2009 admin

In response to Tuesday’s surprise 25 basis point increase in official interest rates by the Reserve Bank of Australia, Australia’s lenders will begin lifting their variable rates of interest as early as Wednesday.

The Big Four banking groups, Westpac, NAB, CBA and ANZ all said they were reviewing their respective interest rates.

The banking majors however are unlikely to pass on any more than the full increase in official interest rates to their customers, after facing a intense pressure from the Federal Government, and in particular Treasurer Wayne Swan.

Some market analysts suggest that the increase in deposit rates may in fact be less than the hike in official interest rates. The

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Tags: Early, Interest Rates

TARP: Plenty to Criticize, But Mulligan Is Off Base

October 7th, 2009 admin

By James Kwak

Casey Mulligan argues that bank recapitalization under TARP was a failure because it did not lead to increased bank lending. He argues that this was a necessary outcome, because (a) public purchases of bank capital crowd out private purchases of bank capital, and (b) new capital does not necessarily flow into lending, and concludes: “This episode is an expensive example of public policy promises that were doomed to failure because they were known at the outset to defy economic theory.”

I have often argued that there were many things wrong with TARP. But this is not one of them.

First, public capital may crowd out private capital in some theoretical world between the covers of an economics textbook. But what about a world when no one wants to buy private capital? That is a fair description of the state of the world on October 13 last year, when Henry Paulson convinced his former Wall Street colleagues to accept a gift of cheap capital. Yes, Buffett and Mitsubishi had made investments in Goldman and Morgan Stanley, but everyone’s CDS spreads were still going up. Mulli

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Tags: Mulligan, Mulligan Base

Auto Insurance: Basics on Auto Insurance and Finding the Best Auto Insurance Rates

October 6th, 2009 admin

Having automobile insurance is a must if you plan to have a vehicle and legally register it in the state you live in. Auto insurance provides one insurance protection that will pay for losses due to an accident.

Looking for Auto Insurance? Find Auto Insurance Companies Offering Auto Insurance Coverage in Your Zip Code Here: Auto Insurance 

Auto Insurance Basics

You pay an insurance premium for an auto insurance policy, how much you pay will depend on where you live, the type of auto you are insuring, your age and the amount of auto insurance coverage you wish to have. Getting auto insurance coverage for a new driver, like a teenage driver, will be very costly since accident rates are higher with younger inexperienced drivers.

For the auto insurance premium you pay, the insurance company agrees to pay certain expenses and legal liabilities if you’re involved in an accident. How much

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Tags: Auto Insurance, Insurance

Are Banks As Good as Goldman?

October 6th, 2009 admin

Goldman Sachs (GS), long the darling (and jealously-driven scorn) of Wall Street, just gave an emphatic gift to all its rivals by declaring the American financial system is a worthwhile investment. With its own shares more than doubling year-to-date, Goldman gave its investing clientele the go-ahead to purchase other large banks, sending financial shares higher and leading the market to gains of just about 1%.By claiming large banks will outperform regional banks, Goldman spawned gains of between 2 and 6% for the major financial institutions. Despite the shot of love Goldman has thrown the financial companies, it finds itself battling one hell of a PR campaign on the topic of excessive bonuses. The company was looked at with balking eyes as it reported near record profits and bonus levels in the first half of this year, a year only one removed from the biggest financial and market failure since the Great Depression.Perhaps Goldman wants to set a mood favourable for all banks, and in turn, for itself.

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Tags: Goldman
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