On this episode of Millionaire or Bust, we have plenty to talk about. We start off by discussing how the DOW did this week and how President-Elect Obama’s
nominations for cabinet positions may have affected it.
We also discussed the still falling gas prices.
Then in banking news, we discussed three more bank failures, Citigroup’s slashing of 52,000 jobs, Genworth’s deal to buy a bank in a bid to receive TARP money and GMAC filing for bank holding status in order to get TARP money, as well.
Then of course, we had to discuss GM hitting it’s lowest price since the Great Depression and their desire of a bailout. Before we left the subject of GM, David had to get in a rant about how they earned their spot near bankruptcy.
Since Thanksgiving is coming up this Thursday and Black Friday, the biggest shopping day of the year follows it, we covered two stories. The first talked about how households intend to spend less this year on Christmas gifts than last year and how the sale of gift cards will also be down this year.
Happy Thanksgiving, everyone!
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