Word: crediteers
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...portfolio of [mortgage] insurance is more risky than the market was led to believe," says Paul Miller, an analyst at FBR Capital Markets. Sister company Fannie Mae lost even more last year, with $58.7 billion of red ink. But Fannie was better capitalized than Freddie going into the credit crunch. So even though Freddie by many measures is smaller than Fannie, the problems at Freddie will probably end up costing more...
...Elite Island Resorts will accept your devalued portfolio as payment for stays this year at any of their seven seaside properties. The resort will take up to $5,000 worth of any of the 400 stocks - including bank, retail and tech stocks - listed on its website and give you credit based on the stock's worth as of Oct. 31, 2008. The deal lasts through...
Westin St. John Resorts & Villas is offering a similar favor: if you're laid off after booking a trip, let the resort know 15 days before your arrival and you'll get your money back. All stays include free breakfast and a $150 resort credit, plus the fifth night of a five-night stay free. Current rack rates start at $629 per night. After April, rates drop to $489 per night. Book by April 30 for travel through...
Seaside Stimulus Plan. Florida's Marco Island Marriott Beach Resort has a $1 million rescue plan for its guests. For each night that you stay at the resort, you get a $200 credit for use in the dining room, at the spa or on the golf course. Credits will be given away to guests until the resort has doled out $1 million in freebies. Rates start at $529 per night; book using the promotional code LRW. The offer's good from March 22 to April 17. 400 South Collier Boulevard, Marco Island...
Vegas on Sale. Your odds are probably as good in Vegas as in the stock market, so now's the time to play the tables. Check out the MGM Grand's "Spring Fling" package, which gets you a room, a $35 credit for food or entertainment, two passes to Studio 54, 25% off spa services, two cocktails by the pool and $10 to spend at the slots - all for $75 per night. Book by April 30 for travel through Sept. 30. 3799 Las Vegas Boulevard South...