Credit is Cheap, Why Aren’t You Borrowing Money?
By on August 16, 2011

Last week, the Federal Reserve announced that it would be keeping interest rates low for another two years. Under ordinary circumstances, people like you and I would be jumping for joy. Credit card interest rates would stay low, loan interest rates would stay low and borrowing would probably increase. In fact, the federal government hopes […]

FAA Stops Collecting Taxes on Air Ticket Purchases, Buy Now!
By on July 23, 2011

The Federal Aviation Administration announced they would suspend collecting taxes on air ticket purchases as the agency grapples with funding and budgetary issues.

Can Stores Ask For My ZIP Code?
By on February 10, 2011

(nelsonminar) The California Supreme Court ruled today that merchants in California cannot ask credit card customers for their ZIP codes. The request violates state law protecting the privacy of credit card users, according to the court. From the San Francisco Chronicle: “The decision came in a lawsuit against Williams-Sonoma Inc., whose clerk asked Jessica Pineda […]

AMEX Makes You Feel Horrible Asking for Help with Debt
By on August 16, 2010

After our recent video on lowering the interest rate on your credit card, I found a new story about a guy who was put to shame for asking AMEX to help him restructure his payments in order to pay off his balance. Trust me, this really isn’t how it works in real life. He must’ve […]

What Could the Clintons Do With $5m Instead of a Wedding?
By on July 30, 2010

Talk about materialism! With Chelsea Clinton’s $5m wedding in New York ready to light up the streets of Rhinebeck, 2MF thought it would be great to put things into prospective. (Courtesy Granted, it’s not everyday that you have a $5m wedding. But here’s 3 quick facts on what else $5 million dollars in a […]

The Psychology of Fear
By on October 12, 2008

The CBS Evening News had a great story about the psychology of fear in the stock market. Of particular note is the cycle of emotions that investors go through. According to CBS, we’re somewhere between despondency/depression and hope. Be sure to check out the graphic on the cycle of emotions and see where you rank […]

Dow Drops 777 Points – Don’t Be Worried!
By on September 30, 2008

If you read the news today, you might have noticed that the Dow Jones Industrial Average dropped 777 points today in response to the financial rescue plan failing to pass in the House of Representatives. Contributing to the uncertainty is Citigroups buyout of Wachovia’s banking operations and the jitters from world markets. Though we may […]

WaMu Bank Has Failed
By on September 26, 2008

Transcripts: It is official, Washington Mutual Bank has failed. I’ll tell you what that means and what’s next for WaMu, coming up next on this special extended audio-only edition of 2MinuteFinance. (Intro) Tonight, the Federal Deposit Insurance Corporation, or the FDIC, took over Washington Mutual Bank and sold it to JP Morgan Chase. It is […]

Merrill Lynch is to Bank of America as Lehman Brothers is to…ummm…No One?
By on September 14, 2008

The big news this weekend is that the saga of Lehman Brothers seems to be coming to a head. The federal government is trying to rescue the company, but there are no buyers. The only potential suitor for Lehman Brothers, Bank of America, pulled out of negotiations and purchased Merrill Lynch instead. But what does […]

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