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After swindling billions from investors Bernie Madoff could face 150 years in jail after pleading guilty to the charges that have been filed against him. The plea deal would protect his wife, who has much of the property and assets obtained by Madoff in her …

The Federal Reserve has granted GMAC, a major lender to GM dealers, the status of a bank holding company. This decision effectively gives GMAC access to the bailout funds for the financial sector.
This also came out today:
“While GMAC has not quantified its capital injection request …

This year we’ve seen the government try to make up for policies and practices used by greedy lenders and firms that have made poor decisions by throwing money at it, passing bits and pieces of legislation, and even giving a “stimulus” to U.S. tax payers…
But …

I was thinking about this earlier. If the Big 3 are doing so poorly, why don’t they just merge? I know GM and Chrysler were talking about it, but it hasn’t been mentioned recently.
If they merged, less jobs would be lost than if they went …

The government unveiled a plan today to bail out Citigroup. The plan includes putting a $20 billion stake in the company along with guaranteeing hundreds of billions of dollars in risky assets.
The news just came out and there isn’t a lot of other information …