New Money

Investing Goodies: 2008's Biggest Financial Fiascos

By Katy Marquardt

Posted: December 17, 2008

The Consumerist revisits the year's biggest financial snafus, which include some that are surely fresh on your mind, and others you may have forgotten, such as the time Countrywide honcho Angelo Mozilo replied to an email from a distressed homeowner, and calls his plea "disgusting."

After Yale disclosed that its endowment has fallen more than 13 percent between the end of June and the end of October, the university announced that it's going to do some belt-tightening.

Zipcar's getting more competition. Hertz is rolling out a very similar service, which will initially be available in New York, Park Ridge, N.J., London, and Paris, and it'll offer fun cars like the Toyota Prius and the Mini Cooper. I wrote about Zipcar's successful business model earlier this year.

And finally, here's why investors responded to yesterday's Fed rate cut with an "Eh."

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Yes, but the citizens FINALLY took back their White House and Congress. Look to the future, not back to the sick Republican past represented by poster-children like Angelo Mozilo.

of @ Dec 17, 2008 12:12:00 PM

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New Money

Katy Marquardt, a senior editor at U.S.News & World Report, takes a contemporary look at happenings in the financial world and aims to help young investors get going with their portfolios--or just sound cool at cocktail parties. Have a question? E-mail Katy at newmoney@usnews.com

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