ING To Sell $10.6 Billion in Assets

April 9, 2009

ING Direct is a popular online bank among personal finance and geek enthusiast web sites, originally one of the top performers among the ‘high yield’ online banks. While they no longer hold that crown, they remain popular for their friendly banking interface and ‘gotcha’ free bank policies. As popular as it is, ING Direct’s parent [...]

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Weird Recession Fact: Shark Attacks on Decline

April 1, 2009

No, this is not an April Fool’s joke! Apparently due to the economic slump, shark attacks are on the decline.  Fewer people vacationing = fewer bodyboarding snacks for sharks. Shark Attacks Decline Worldwide in Midst of Economic Recession Are you avoiding shark infested waters due to the recession?

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Overdraft Fees: Let the Customer Decide

March 31, 2009

 In the MSNBC article $38 for a cup of coffee?  Use debit card wisely, the part that really raised my shackles was this quote from the banking industry: It’s no surprise the banking industry supports the opt-out proposal while consumer groups want the rule that requires customers to opt-in. The American Bankers Association says not [...]

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Student Loan Defaults Rising

March 26, 2009

This is scary.  Student-Loan Default Rate Rises according to the Wall Street Journal.  The majority of the defaults are coming from private lenders.  Government issued loans, which have much lower rates than private loans, are in turn experiencing much lower default rates.  It looks like many people are abandoning their higher interest rate debts altogether [...]

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