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Bankrupt Retailers, Bankrupt Campaigns & Just Banks

Posted By Jim On 05/04/2008 @ 12:15 am In Personal Finance | 5 Comments

You can delay the reaper but you can rarely totally avoid him and this past week Linens ‘n Things filed for Chapter 11 bankruptcy [3], a few weeks after they were originally predicted to have succumbed. If you read my post about how they were going under and how you shouldn’t hold onto gift cards [4], then you wouldn’t be one of the 400,000 customers stuck with $42M in worthless gift cards.

Mrs Micah talked a little about contributing to presidential campaigns [5] and how the contributions amount to very speculative investing. It’s an interesting thought, especially after noting people contributing to “lost cause” campaigns like Huckabee’s, that definitely gets you thinking. I was never one for political campaign contributions, I think my money is better served going towards health/medical related charitable causes.

Lastly, I did a roundup of the best high yield savings accounts [6].

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[1] Tweet: http://twitter.com/share

[2] Email: mailto:?subject=http://www.bargaineering.com/articles/bankrupt-retailers-bankrupt-campaigns-just-banks.html

[3] Linens ‘n Things filed for Chapter 11 bankruptcy: http://www.nytimes.com/aponline/business/AP-Linens-n-Things-Bankruptcy.html?_r=1&partner=rssnyt&emc=rss&oref=login

[4] you shouldn’t hold onto gift cards: http://www.bargaineering.com/articles/linens-n-things-to-declare-bankruptcy-dont-hold-gift-cards.html

[5] contributing to presidential campaigns: http://www.financefreelancelife.com/2008/04/29/presidential-campaign-finance-and-donations-why/

[6] high yield savings accounts: http://www.bargaineering.com/articles/top-5-online-banks-savings-or-checking-accounts.html

Thank you for reading!