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Safe Places To Save Amid Bad Economy?

Tue, 22 Jul 2008

Financial experts offer advice on where to save money during an economy crunch -- no, it's not your mattress.

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22 Jul 2008Safe Places To Save Amid Bad Economy?

Safe Places To Save Amid Bad Economy? 

Financial experts offer advice on where to save money during an economy crunch -- no, it's not your mattress.

Play from 0:03"… In these troubling Financial Times piggy banks and mattresses sometimes seem like the most practical places to save money but they're not. You money can be safe in banks because the Federal Deposit Insurance Corporation or FDIC. The FDIC guarantees money up to 100000 dollars in individual bank account 250000. In an IRA. Once -- the count is a money market deposit account consumers can withdraw from money market accounts at their banks but usually have to maintain a minimum monthly balance. And are allowed a limited amount of withdrawals. Many markets usually earn higher interest than normal savings accounts. Certificates of deposit …" at 0:03
Play from 1:13"… amateurs but there's the chance you can lose money depending on where interest rates have -- For consumer watch I'm Liz Kennedy. …" at 1:13
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10 Oct 2008Bush Tries Again To Calm Financial Fears

Bush Tries Again To Calm Financial Fears 

In a Rose Garden speech, President George W. Bush said the federal government's financial rescue plan is aggressive, but will take time to work.

Play from 1:40"… necessary to keep the gears of our financial system turning. So the Federal Reserve has injected hundreds of billions of dollars into the system. The Fed has joined to a central banks around the world to coordinated cut in interest rates. -- rate cut will allow banks to borrow money more affordable. And it should help free up additional credit. Necessary to create …" at 1:40
Play from 3:12"… some investors to take advantage of the crisis to illegally manipulate the stock market. So the Securities and Exchange Commission is -- rigorous enforcement actions. To detect fraud and manipulation in the market. The SEC is …" at 3:12
Play from 6:51"… carrying out this effort. Led by secretary of the treasury Hank Paulson. Federal Reserve Chairman Ben Bernanke. SEC chairman Chris Cox and the DNC chair -- I thank them and they're dedicated teams for their service during …" at 6:51
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16 Sep 2008Fed Meets Today About Interest Rates

Fed Meets Today About Interest Rates 

The Federal Reserve meets to discuss interest rate policy, after a terrible day on Wall Street Monday. Stocks plunged on news that investment bank Lehman Brothers filed for bankruptcy and Bank of America bought Merrill Lynch.

Play from 0:00"… Some economists and analysts think the Fed should cut interest rates to ease investors' nerves but will way. -- tough decision ahead for the ahead after a tough day on Wall Street. The Dow lost more than 500 points Monday turning in its worst performance in seven years. It marked today of turmoil after the fall of two like Condit Wall Street banks Lehman Brothers filed for bankruptcy and Merrill Lynch was sold to Bank of America. The long run confident that -- capital markets are flexible and resilient. Can deal with these adjustments. President Bush tried to ease fears and today Atlanta meeting with his working group on financial markets that includes Treasury Secretary Henry Paulson who …" at 0:00
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