We asked eight San Antonio money managers about what’s happening with banks and the economy and how investors should respond.
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Archive for July 15th, 2008
Local money managers offer thoughts on economy, investing (San Antonio Express-News & KENS 5)
Filed in: Financial News
House: Congress procrastinates with temporary interest rate reduction (The Daily Utah Chronicle)
Congress’ latest attempt to lower interest rates on student loans will provide little relief for most students, and the minor cut is only temporary. As a result of the College Cost Reduction and Access Act that the Democratic Congress passed in 2007, interest rates on government-subsidized loans were reduced this year from 6.
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Filed in: Financial News
Experts Watch Banks & Money Safety (KDKA Pittsburgh)
As concerns about the economy continue, banks in our region have been under scrutiny as well. On Monday, National City saw its stock fall because of rumors of financial trouble. That is leaving many to ask whether their money is safe.
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Filed in: Financial News
McCain uses ‘bundler’ money more than Obama campaign (USA Today)
Elite fundraisers have helped collect more than half of John McCain’s money, while Barack Obama has relied on top fundraisers for nearly one-fifth of his.
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Filed in: Financial News
Banks assure worried clients money is safe (The Palm Beach Post)
Do not panic. Your money is safe.
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Filed in: Financial News
City Council Approves Fast Ferry Payoff (R News)
The city of Rochester is still paying for that ghost ship of Lake Ontario known as the Fast Ferry. City council voted Tuesday on how to settle the city’s debt on the ferry.
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Filed in: Financial News
Hundreds line up to demand money from failed bank (The Fresno Bee)
Depositors were given receivership certificates for any money they couldn’t immediately withdraw and may be able to receive some of that money after the bank’s assets are sold off, he said.
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Filed in: Financial News
Hundreds line up to demand money from failed IndyMac (New York Daily News)
Police ordered angry customers lined up outside an IndyMac Bank branch to remain calm or face arrest Tuesday as they tried to pull their money on the second day of the failed institution’s federal takeover.
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Filed in: Financial News

