Video and Music Downloader Free search and download video - music online

AP - Global stock markets rebounded strongly on Monday after last week's historic sell-off as governments from Europe to Australia and the U.S. intensified efforts to ease a financial crisis that threatened to the throw the world into recession.

By Nancy Trejos
Sunday, October 12, 2008; F05

The global financial crisis has affected virtually every aspect of personal finance, from mortgages to student loans to credit cards to retirement savings. So it's no surprise that so many of our readers have so many questions.

Our first one comes from Luis Frank Torres, a 36-year-old attorney in the District. When Torres refinanced his Georgetown home in 2005, he got a five-year, adjustable-rate jumbo mortgage. (It's a jumbo because it's above $417,000. Until this year, government-backed lenders Fannie Mae and Freddie Mac guaranteed loans only up to that point. Their limit has temporarily been raised, though.)

WASHINGTON -- The U.S. Federal Reserve has put in place a number of temporary facilities to inject liquidity into the financial system, which will have to be unwound at some point, Federal Reserve Bank of Dallas President Richard Fisher said Sunday.

The Fed will, however, have to determine what tools a central bank needs to operate in the 21st and 22nd centuries, Mr. Fisher told a conference organized by the Institute of International Finance.

Reuters - Financing is getting pricier and more elusive for companies that file for bankruptcy.

Reuters - Chrysler LLC has had talks with General Motors Corp about a deal to combine the No. 1 and No. 3 American automakers at a time when both are struggling to cut costs and shore up cash, according to three people familiar with the matter.

Reuters - Iran says the recent steep slide in oil prices and worsening global financial crisis will be studied carefully before it makes a proposal on output reductions for OPEC, the Islamic Republic's OPEC governor said on Sunday.

The first step in recovery is admitting you have a problem. The carnage on Wall Street suggests investors have taken that step -- accepting the reality that the economy is in or headed for a recession, possibly a severe one.

The next step, which many people are loath to face, is figuring out what to do with their now sharply diminished investment dollars.

Money-Market Managers Seek to Boost Confidence

By Annys Shin
Washington Post Staff Writer
Sunday, October 12, 2008; F01

Fifteen of the largest money-market mutual fund companies, which together account for three-quarters of the market, said this week that they would take up the Treasury Department on its offer of a temporary guaranty in an attempt to regain their status as one of the safest places to park cash.

None of the funds are in danger of going under, the fund companies say. Fund managers are turning to the guaranty program as a way of boosting investors' confidence, which was badly shaken by recent turmoil at two established competitors.

THIS WEEK

Morgan Stanley Deal: Japan's Mitsubishi UFJ Financial Group is expected to invest $9 billion in Morgan Stanley Tuesday, even though the Wall Street firm's shares have fallen far below the deal price.

Are 401(k)s Still Viable for Saving?

By Nancy Trejos
Washington Post Staff Writer
Sunday, October 12, 2008; F01

For many Americans, 401(k) plans were supposed to be their own little golden parachutes into retirement.

Now, it seems, those parachutes may not open in time.