Word: yorke
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...York City Still Too Big to Fail Insurer AIG, reeling from the collapse of mortgage-backed securities it underwrote, received a fourth massive infusion of federal funds, bringing total taxpayer liability to $180 billion. The same day, it posted a $61.7 billion quarterly loss--the largest in U.S. corporate history...
More families are switching schools to save money on their children's tuition, according to a New York City--based firm that processes payments for nearly 2,000 private schools nationwide. Smart Tuition found that by the middle of the current school year, 7% of students had transferred--twice the number of students who left private schools...
...This market will only stop falling when people run out of stock to sell.' DOREEN MOGAVERO, president of New York City brokerage Mogavero Lee & Co., after the Dow fell to its lowest point in over a decade...
...CNBC show for advice or buy one of her nine books, which offer the hope that they might save themselves from the financial hell they've created. Orman rushed out a paperback response to the economic crisis called Suze Orman's 2009 Action Plan, which is on the New York Times best-seller list, and the ratings for her TV show are among the highest at CNBC. She promotes savings accounts for TD Ameritrade and hawks identity-theft kits on her website. Requests for her to speak, at $80,000 a pop, are flowing in from all over the world...
...thought a real estate investment was the best investment you could make over time," she said, the closest she comes to acknowledging a mistake. Orman owns five homes, although she's not sure she'll make a profit on the last one she bought--a luxury apartment in New York City's Plaza Hotel, which she purchased for $3.6 million in December 2007, at the peak of the market. (At least she paid for it in cash.) (See pictures of modernist houses...