Posts tagged Federal Deposit Insurance Corporation

Tax Free Money Market Alternative

With tax-free money market funds paying well under 1% (Vanguard’s Tax-Exempt Money Market is currently paying around 0.61%),  it is hard to find a place to park cash if you are in a high tax braket.  You can still find high yield savings accounts that pay around 2%, but that interest will be fully [...]

Public-Private Investment Program – More Taxpayer Looting

The Treasury Department has released details on the Public-Private Investment Program (PPIP) to help remove toxic assets from bank balance sheets.  Unfortunately, I see this as a further transfer of taxpayer dollars to Wall Stree (around a trillion dollars). Here is the way it works.  For every [...]
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