Wednesday, February 18, 2009
Bailouts, Banks and You
With the stock market falling almost 300 points on Tuesday and CNN and MSNBC Market experts still proclaiming that they "just don't know when it will hit bottom", it's a tough time for all, especially we Boomers who were heavily invested in the Stock Market.
Since none of us have a crystal ball, perhaps it's time you thought about playing it safe and putting what you have left in CDs. While I'll never get anything from the Gov't bailing out the banks, at least if I invest in CDs, I know I won't lose any more of my money!
You can check out current CD rates at: http://cdrates.bankaholic.com/
It's quite user-friendly and gives rates for different time frames.
We all need a good laugh about the Bailout, so check out Wanda Sykes on Jay Leno. It's a riot!