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Monday, December 10, 2007

Sub-prime Meltdown Crisis Explained

In the "funny but true" category, this is an exceptional (and most hilarious) explanation of the sub-prime financial crisis.

"Rewarding the Ingenuity of the Markets"

Question: "Isn't that rewarding greed and stupidity?"

Answer: "No, no. It is rewarding.... the ingenuity of the markets."

"We want this money to .... so we can continue to lend money as if nothing happened without thinking too much about it."

Request Invitation to FREE facebook discussion group "Investing for the Long Term."

Q: "If you don't get this money, what then?"

A: "Well then there would be another market crash. Then we would say what we always say. It is not us that will suffer, it is your pension fund."

CD Rate Survey

The best rate is 5.45% at Countrywide Bank for 3 months

1 and 2 yrs: 5.21% at Apple Bank for Savings

3 yrs: 5.00% at Capital One Bank & Flagstar Bank

5 yrs: 5.26% at Apple Bank for Savings

7 & 10 yrs: 5.10% at Capital One Bank

From the Highest CD Rates survey at

Kirk Lindstrom's Investment Letter Performance

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