AP - Commercial mortgages were among the best-performing loans and leases held by banks and thrifts in the fourth quarter of last year, the Mortgage Bankers Association said Tuesday.
BusinessWeek - Who got us into this mess? It's not just greedy mortgage lenders and irresponsible economists who are responsible for the current financial crisis. Leaders, so called, have played a role too, by not managing their companies and so being detached from what was going on in them. And behind much of this has been an educational process that encouraged such detachment. As I've argued at length in my book, Managers not MBAs, the MBA is fine education -- but in the functions of business, not the exercise of managing. ...
AP - THE SALE: American International Group Inc. sold its American Life Insurance Co. division, or Alico, to MetLife Inc. for $15.5 billion. The deal is AIG's second big asset sale in two weeks. On March 1, it said it would sell its AIA Group unit to Prudential PLC for $35.5 billion.
AP - American International Group Inc. said Monday that it will sell its American Life Insurance Co. division for $15.5 billion to MetLife Inc. The government-approved deal, AIG's second big asset sale in two weeks, will give the insurer more cash to repay the billions of bailout dollars it still owes the government.
Reuters - MetLife Inc pursued AIG's foreign life insurance business for two years before finally clinching a $15.5 billion purchase that will give it beachheads in 47 nations from Peru to Bangladesh.
The Motley Fool - With the recent auction of Treasury's Bank of America (NYSE: BAC - News) warrants, the big bank joins Goldman Sachs (NYSE: GS - News), Morgan Stanley (NYSE: MS - News), and several other banks in completing its exit from TARP. But, is it a buy?
I'm frugal seven days a week, but the weekend is when I have to most time to devote to my money-saving endeavors. It's when I cook up big batches of dried beans; when I hit the thrift stores in search of bargains; and when I get rebate forms filled out and in the mail. It is hands-down when I am at my frugal best.
How do you use your weekends to save money all week long?
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How to Repair Anything
Make Your Own BreadThe Weekend Frugalite originally appeared on About.com Frugal Living on Monday, March 8th, 2010 at 11:30:17.Permalink | Comment | Email this
Well, another week has gone by, and still no mushroom sightings. Rats. I guess the good news is that mushroom season is almost here. I'll let you know if anything changes with the kit; but in the meantime, joining a mushroom club is starting to look like the way to go.
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Monthly Foraging GuideThe Great Mushroom Adventure: Part IV originally appeared on About.com Frugal Living on Friday, March 5th, 2010 at 09:00:27.Permalink | Comment | Email this
In a down economy, how are the wealthy protecting their money? Let the same advice they are receiving guide you through these hazardous financial times.
Two years after her husband's death and almost 10 years after his cancer diagnosis, a woman examines the wrenching emotional and financial costs of keeping him alive.
Girl.............the tabloids watch Oprah's weight more than she does........If I had Oprah's money I would tell the tabloids that they can go and kiss my collard greens
Reuters - A tax question holding up American International Group Inc's sale of its foreign life insurance unit to MetLife Inc is expected to be resolved favorably, clearing the way for a roughly billion deal, sources familiar with the matter said on Thursday.
Americans should prepare to be self-sufficient for at least 3 days in case of a disaster, federal officials say. But getting ready doesn't have to cost a lot.
Question: I'm in my 30's and have a 401(k) from a previous job, 75% of which is invested in a variety of stock portfolios. Although my stock holdings have recovered a bit recently, I'm still down about ,000 from my peak balance. I'm planning to roll over this old 401(k) into either the 401(k) at my new job or into an IRA account, but I'm wondering whether I should do the rollover now while stocks are still cheap or wait until the market has recovered and then do it. What do think? --Todd Gerecke, Lynden, Washington
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I will no longer feed the cravings of high blood pressure, diabetes and kidney failure............I will feed the desires of a healthy body
SCHOOLING DIVALEESHA
Divaleesha.............your self esteem should come from the inside and not the outside which is your designer labled clothes and bags........self esteem cannot be bought it must be taught !
THE ACTIVIST
In 1986, before mandatory minimums for crack offenses became effective, the average federal drug offense sentence for blacks was 11% higher than for whites. Four years later following the implementation of harsher drug sentencing laws, the average federal drug offense sentence was 49% higher for blacks.
REV. TELL IT LIKE IT IS
Sisters......... don't call a good man a dead beat dad when he is financially supporting his children and wants to be an important part of their lives but the woman is making it hard for him because he no longer wants to be in a relationship with her........And Brothers.........don't give up on a relationship with your children just because the woman is making it hard for you to do so.......Your children are worth more than your child support!
THE MYSTERY OF BLACK HISTORY
George Washington Carver developed 300 derivative products from peanuts among them cheese, milk, coffee, flour, ink, dyes, plastics, wood stains, soap, linoleum, medicinal oils and cosmetics.
THE KNOWLEDGE NUT
Did you know that........ no matter how ticklish you may be, you can't tickle yourself....................
This is because your brain keeps your senses focused on what's happening in the world; important signals aren't drowned out in the endless buzz of sensations caused by your actions. For instance, we are unaware of the feel of a chair and the texture of our socks, yet we immediately notice a tap on our shoulder.
DOCTOR KNOW
35% of African Americans have hypertension, which accounts for 20% of the African American deaths in the United States - twice the percentage of deaths among whites from hypertension.
GIRL TALK
Girl.............the tabloids watch Oprah's weight more than she does........If I had Oprah's money I would tell the tabloids that they can go and kiss my collard greens
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