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“Now his pension plan’s been cut in half and he can’t afford to die,” sings John Rich, of the country music duo Big & Rich, in his new, controversial song, Shutting Detroit Down. Two things nobody is ever financially ready for, especially if he or …

After receiving a lot of criticism about givng bailout money to employees in the form of bonuses, AIG released information that the company gave money to foreign and domestic  banks in the tune of $90 billion.
Some of the domestic banks had even received their own …

Some of the victims of the Bernard Madoff Ponzi-style scheme have been putting up “collectibles” from Madoff Investment Securities on eBay.
Ever wanted a Bernard L. Madoff Investment Securities beach towel? Well, you can get one here, for just over $100 (with a few hours left …

No wonder no one wants to tell us where the bailout money is going or how much. One of the companies who benefited from it, Merrill Lynch and its CEO Peter Kraus. Yes, Peter Kraus benefited from your hard earned money.
How? Well, he was CEO …

Named after Charles K. Ponzi, Ponzi schemes have had a very prominent place in the headlines in the last few weeks thanks to the Bernard Madoff scheme. A Ponzi scheme is defined as an investment swindle in which high profits are promised from fictitious sources …