Peter Schiff (Ron Paul financial advisor) points out that the government destroyed the United States Economy. Let the free market cleanse the markets.
The Dollar will go into free fall.
Washington Mutual Inc was closed by the U.S. government in by far the largest failure of a U.S. bank, and its banking assets were sold to JPMorgan Chase & Co for $1.9 billion.
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Thursday’s seizure and sale is the latest historic step in U.S. government attempts to clean up a banking industry littered with toxic mortgage debt. Negotiations over a $700 billion bailout of the entire financial system stalled in Washington on Thursday.
Washington Mutual, the largest U.S. savings and loan, has been one of the lenders hardest hit by the nation’s housing bust and credit crisis, and had already suffered from soaring mortgage losses.
Washington Mutual was shut by the federal Office of Thrift Supervision, and the Federal Deposit Insurance Corp was named receiver. This followed $16.7 billion of deposit outflows at the Seattle-based thrift since Sept 15, the OTS said.
“With insufficient liquidity to meet its obligations, WaMu was in an unsafe and unsound condition to transact business,” the OTS said.
Customers should expect business as usual on Friday, and all depositors are fully protected, the FDIC said.
FDIC Chairman Sheila Bair said the bailout happened on Thursday night because of media leaks, and to calm customers. Usually, the FDIC takes control of failed institutions on Friday nights, giving it the weekend to go through the books and enable them to reopen smoothly the following Monday.
Washington Mutual has about $307 billion of assets and $188 billion of deposits, regulators said. The largest previous U.S. banking failure was Continental Illinois National Bank & Trust, which had $40 billion of assets when it collapsed in 1984.
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Technorati Tags: $700, America, Bail, bailout, Billion, Collapse, Dollar, Economic, Fannie, Freddie, Goldman, Mac, Mae, Mutual, Out, Peter, Sachs, Schiff, Washington
i was offerd a job by ameriprise as a financial advisor. It does not requir a degree but you do have to take series of test that cost money(state boared, exet) the firm said they offer free training but i dont believe that includes the cost of the exams. Does anyone know the cost and if the firm will sponcer you and pay the way
It is better that you ask your employer to sponsor you, since it is their requirement !!
What I mean is that, in any financial companies like AXA financial or Metlife, if they offer you the job as a financial advisor, is it possible to negotiate with them about my starting date? For example, if they offer me a job right now, will they accept if I could start on a specific date like weeks or a month from now for some important reasons I will tell them?
yes.
negotiations for the joining date can be done on some personal grounds.
Common myths and lies from brokers, financial advisers, investment managers, consultants and salespeople.
Mutual funds, stock market performance and history for investors and savers.
http://www.mutualfundcenter.com
http://www.atlanticfinancial.com
http://www.fentonreport.com/2005/02/07/economy/consumer-confidence/91
http://www.fentonreport.com/2005/01/24/economy/social-security-dilemma/90
http://www.fentonreport.com/2005/01/10/wealth-management/social-security/privatization-of-social-security/88
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Technorati Tags: 401k plans, crash, economy, investing, money, retirement, savings, stock market
A personal financial advisor can make between $20,000 to $3,000,000 a year based on experience and job performance. Learn about the salary and compensation for a personal financial advisor from a certified personal financial advisor in this free video on a career in financial planning.
Expert: Janice Dunn
Bio: Janice Dunn is a certified personal financial advisor in Eugene, Oregon.
Filmmaker: max koetter
Duration : 0:1:36
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Technorati Tags: careers, finances, financial advisor, financial consultant, financial planner, personal finances, personal financial advisor
what is a financial advisor and how much do they usually cost
A FA is someone who is usually with a company (Edward Jones, Merril Lynch, etc) and represents financial products. They give you advice on what investments suit you best based on your goals (retirement, college, stocks, or just best interest for your money.) They usually get paid by commission on your investments. I have heard of some even charging hourly rates. I find it hard to believe though that a FA is going to do "your best interest" and listen to your goals hard since they get paid by how much they sell you. I feel if you are looking for investments they are good but just for great financial advice speak to family members, an Accountant, or finance professionals for organizations such as CFO’s, Staff Accountants, Controllers (if you have any friends in these positions.) These people will help you with knowledge not because they will be getting paid by recommended investments.