Lose Confidence in Your Bank? Turn to the Web

www.mashget.com - 19th Dec 2008

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Eliot Spitzer: SAN FRANCISCO — When the financial sector took a dive this fall, the entrepreneurs behind a new batch of personal finance sites worried that they were in the wrong place at the wrong time. After all, if people no longer trusted their banks, why would they trust some start-up with their most private financial information? As it turns out, interest in these sites is up, not down. Burned by their banks and the stock market, people seeking help with budgeting, saving and investing are turning to sites with names like Mint, SmartyPig, Cake Financial, Wesabe and Credit Karma. "There is a significant loss of confidence with banks right now," said David Furlonger, a vice president at the research firm Gartner, who studies the financial services industry. "People are turning to whatever communities they think are best able to serve them." Related Stories:Eliot Spitzer's Calculated ComebackMorgan's Loss Weighs on StocksKaChing launches well-balanced stock market community site Read full story at www.mashget.com

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Clients Eight, NINE, Ten [Open Caption]
[Former New York Governor and prostitute frequenter Eliot Spitzer in New York City last night; image via INF]

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[Former New York Governor and prostitute frequenter Eliot Spitzer in New York City last night; image via INF] bringmemyTofu's new line beats the original, Clients Eight, NINE, Ten. 10:39 AM on Fri Sep 26 2008 By Richard 1,937 views In order to view comments on gaw

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