Archive for the ‘Banking’ Category

Why PayPal makes it a chore to pay by credit card

Wednesday, April 16th, 2008

My wife and I use PayPal a lot. We buy a lot of things through eBay, and I sell a lot of things through eBay and through other venues. PayPal is a good choice for those who want to be able to accept credit cards but don't ...

OK, maybe not FAKE rallies per se …

Wednesday, March 19th, 2008

The Dow going up 416 points in one day is indeed a rally. OK. I'll buy that one. The Dow jumping more than that again a week later is also a rally. The Honest Dollar pointed out that a big up day is still a rally ...

What the heck is a passbook savings account?

Saturday, March 15th, 2008

One of the entrants for H&R Block TaxCut thumb drive giveaway #2 had never heard of such a beast. I had heard the term through my work on the supervisory committee of my credit union, but I didn't know what the origin was.The passbook dates back at least to ...

Do stock rallies seem a little fake these days?

Tuesday, March 11th, 2008

Tuesday saw the fourth largest single-day point gain in the Dow Jones Industrial Average -- 416.66 points, or 3.55%. Great news, right?When it's due to the Federal Reserve lending banks $200 billion (two followed by eleven zeroes) to restore some liquidity in the financial system, I just shake my ...