It looks like Barack Obama will be the new US President.

With that, we can expect some financial implications.  Of course, the stock market has probably taken this into account — as Obama had 98% odds of winning the election going into Electon Day.
Some implications of this:

Oil prices have already gone up significantly today, as the [...]

We’ve all seen the web sites out there, “How to get rich?”, “I work at home for 5 minutes a day, and make millions”.
Really?  Venues that tell others how to make money, are generally, there to make only 1 person rich.  The person who is telling you they know the secret.  99% of the time [...]

It’s a wiki that links to reference material about the financial crisis.  Great resources.
Wired.com’s wiki, Understand the Financial Crisis — has references from blogs, articles and a video of Warren Buffet.  Warren Buffet has been a very public figure over the past few weeks, both to the general public, and in helping the government figure [...]

What Credit Default Swaps are, and how they affect us now…
The Basics
Credit Default Swaps, or known as CDS, are essentially ways for companies to ensure (notice I didn’t say “insure”) profitability even if someone defaults on their debt.
An example of this would be if “Big Bank” had just obtained a mortgage that was questionable (say, [...]