Archive for September, 2008

$20 Million for 17 Days of Work!

This story has to be the poster child for America’s corporate leadership failures and excessive executive pay.
In “Nice work — if you can get fired from it.“, FoxNews.com reports Alan H. Fishman, the new CEO for Washington Mutual (the WaMu taken over by the Feds and handed to JPMorgan Chase this past Thursday night for [...]

What is the Credit Crunch?

“Tighter credit”, is a phrase we hear in the news almost daily. And we hear references to the “credit squeeze” and “raising the bar for borrowers”. But what do these words mean in practical terms?
The credit squeeze is a real factor in our economy. Easy credit has been available for more than [...]

Are Your Deposits Insured?

The last few days have been rough for the financial markets. And everyone seems to be talking about it.
Some are calling it a “Category 4 financial storm“. Talking heads on CNBC and other cable finance channels are talking as fast as they can to everyone they can find with a professional opinion. [...]

Encrypt Your Hard Drive

Hard drive encryption protects your data.
More frequently than I wish, I hear from customers who have had a notebook computer stolen. The typical request is similar to,
“My laptop was stolen. Do I need to repurchase the software I bought from Wheatworks for my new computer?”
My answer is, “no”. In fact, I send [...]

Playing the Lottery is NOT a Ticket to Financial Security

I read, “Thousands Later, He Sees Lottery’s Cruelty Up Close,” in the New York Times and I am reminded, while there are strong moral and religious arguments against the lottery, the best reason to avoid playing the lottery is that it is inherently unfair.
“Thousands Later …” is about a gentleman in New York who, with [...]

LoanSpread(tm) Calculator Compares 135 Loans at Once with Amortization Schedules

Wheatworks Software announces LoanSpread(tm) 4.7, a major update of its award-winning loan comparison calculator. This financial calculator allows the user to compare 135 loans at once, review detailed summaries of selected loans and print amortization schedules with or without prepayments.