Money Issues

slashhero asked:


I saw that Wachovia fired it’s CEO and that they are being investigated by the fed’s for possible money laundering. I have my main savings account with them and I am wondering if I should put my money in another bank to make sure I don’t lose it. Would I lose my money if they closed down? Would they close? They are one of the biggest banks. Also, is it better to distribute your money in different savings accounts anyways?

Steve

redsonia1960 asked:


One of my co-workers said that the IRS told her daughter that they will be taking her stimulus money, due to the fact that she owes back taxes. I thought the money is ti stimulate they economy, not the government.

Susan

slick25 asked:


There are so many people building houses now a days, how do they come up with the money to build a house. I would like to rebuild a house that is 150 years old. The basement gets totally flooded and the wood really is not very good anymore. it has 2 floors, 4 bedrooms upstairs with 1 1/2 bath. I don’t actually know how much square feet it is though. But if I still owe about a 150,000 on this house and it is really not worth selling because I won’t get all that money if I sell that house. the house now is only worth about 98,000, all the rest is the interest. I would like to rebuild the house on the land but how do I come up with the money in the next 15 years?

Emily

Jogol asked:


How will the system of money work to keep from having an extremely disproprotionate balance of wealth and poverty if the rate of population growth continues to soar and we have many millions of more people in the future?

Does the system of money have a mechanism built in to combat something like this? For instance, will more money be made (not currency) in order to support more people?

What is money? Is it silver or what?

John