BLACK ONLINE NEWS NETWORK  www.blackfinancialtimes.com | Thursday, May. 15, 2008  
Breaking News  
Senators reach deal on housing rescue: sources (Reuters)
Reuters - Leaders of the Senate Banking Committee on Thursday reached a deal on a broad housing rescue plan in which Fannie Mae and Freddie Mac would support a federal mortgage insurance fund, two industry sources said.
IRS says up to 350,000 didn't get child credit (AP)
AP - As many as 350,000 households are not getting the $300 per child refund owed as part of economic stimulus rebate payments, the Internal Revenue Service said Thursday.
Stocks rise on oil price drop, mixed economic data (AP)
AP - The stock market notched its second straight daily advance Thursday, with investors assuaged by a pullback in oil prices and some better-than-expected economic data.
Rates on 30-year mortgages fall to lowest point in a month (AP)
AP - Rates on 30-year mortgages edged down this week to their lowest point in a month, a spot of welcome news to would-be home buyers.
Bernanke: Banks must get better at foreseeing risk (AP)
AP - Commercial banks and other financial institutions need to beef up their ability to detect and protect themselves against risks like the credit and mortgage debacles, Federal Reserve Chairman Ben Bernanke said Thursday.
Judge: Countrywide shareholders' suit can proceed (AP)
AP - A federal judge has ruled that a shareholder lawsuit against Countrywide Financial Corp. executives and directors should go to trial, rejecting several arguments by the troubled mortgage lender to dismiss the case.

Make Your Home Earn Its Keep

Feel like you're constantly putting money into your home? Then, now's the time to get some of it back. Bankrate.com has put together a list of 12 ways to make...


Make Your Own Weed Killer

Tired of fighting the weeds in your yard with hard-earned dollars and loads of chemicals? Then, fight back the frugal way: How to Make Your Own Weed Killer Related Reading: Make Your Own...


Top 5 Products to Buy Generic

Are you a name brand purist or a generic brand regular? According to SmartMoney.com, there are five items that you should always buy generic. Take a peek at their list,...


Insurance scammers prey on seniors

Some unscrupulous agents are misrepresenting Medicare policies and even signing up retirees without their knowledge. Here's how to protect yourself and your loved ones.

Lender's goof slams credit scores

A foul-up by student-loan company Sallie Mae temporarily sends hundreds of thousands of Americans' scores plunging. Here's how to find out whether you got hit -- and what to do now.

Tiny Smart car scores big on safety

The pint-size 2008 Smart fortwo receives the highest rating in front-end and side-impact testing by the Insurance Institute for Highway Safety.

Will our kids be dumb and broke?

You don't have to be a parent to know that this country has a giant spending problem -- and that we must teach the next generation to do better. But how?

Wanted: Credit repair to buy a house

Plus: If you have just one credit card and pay if off every month, how does it affect your credit scores? MSN Money's personal-finance expert answers reader questions.

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Saving & Spending

Keep intention clear when voiding check

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Bankruptcy assets and liabilities

Skyrocketing escrow payment needs look

Taxes on foreign spending

Credit

Credit Report Security Freeze Can Protect Your Identity

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Feds Cracking Down on Credit Cards

   

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House Passes Housing Fixes, Veto Likely

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Frozen HELOCs and Your Credit

 

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  Expressions
SCHOOLING DIVALEESHA
Divaleesha....... that old saying is still true......why should a man buy the cow and have to care for it if he gets the milk for free?
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