Uncommon Money News (Vol 50)
| March 5, 2009 | Posted by Roshawn Watson under Uncategorized |
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By: Roshawn Watson
In preparing to write my posts, I often come across noteworthy and sometimes bizarre financial and business news. Below are links to some of these sites. Enjoy!
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Posts of Week
Freddie Mac CEO will Resign after just 6 months on the job
AIG record-breaking $62 billion loss
Let AIG go bankrupt not America (POW)
US extends AIG Bailout by up to $30 billion
GM, Ford, and Toyota sales plunge due to prolonged auto slump (even Toyota wants a bailout)
US Economy
Dow drops below 7000 for the first time since 1997 (POW)
Job forcast grimmer than ever for college seniors
Harvard professor pegs odds of great depression at 20% (POW)
Why the US dollar has once again emerged as the currency of choice
Worst job losses in 60 years expected
Laid off employees outraged over exec’s pay increases
Warren Buffet explains how the bailouts are hurting the economy (POW)
FDIC could become insolvent or even negative this year (POW)
Entertainment Money News
DWTS contestant chooses time with family over $8.5 million contract
Madea kills the box office for two weeks in a row
Atlanta Extreme Makeover Home Edition family avoids second foreclosure
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