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Yesterday, 789 Chrysler dealerships saw the UPS guy and knew what that full sized overnight envelope contained. It contained a letter from Chrysler LLC indicating that they are being closed due to the bankruptcy of the entire corporation. Some dealers received phone calls from representatives …

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 …

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 …

In 2008, those in the subprime market saw their investments go down the drain. Next year may be even worse…
Until now, the nation’s most serious home price declines have been in low-cost markets that were dominated by subprime mortgages, and in overbuilt markets such as …

Banks are still failing, investors are losing thousands (if not more), families are still losing their homes. So how was the bailout supposed to help?
We, as United States taxpayers, have funded companies with $700 billion. It is OUR loan to THEM. However, the economy is …