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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 , 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 , 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  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 .
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URL to article: http://www.bargaineering.com/articles/bankrupt-retailers-bankrupt-campaigns-just-banks.html
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 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
 you shouldn’t hold onto gift cards: http://www.bargaineering.com/articles/linens-n-things-to-declare-bankruptcy-dont-hold-gift-cards.html
 contributing to presidential campaigns: http://www.financefreelancelife.com/2008/04/29/presidential-campaign-finance-and-donations-why/
 high yield savings accounts: http://www.bargaineering.com/articles/top-5-online-banks-savings-or-checking-accounts.html
Thank you for reading!