Recommendation Engine
Risks, Benefits Of Securitization Under Scrutiny
npr.org — These days, almost anytime someone borrows to fund a business, buy a car or get a mortgage, the debt gets repackaged into a security that can be bought or sold like a stock. But critics say abuses in the securitization market helped bring about the housing meltdown. More…
benb24
The Bank Anger tour across the blogosphere
walletpop.com — Now, I know that it's nothing new to blast a bank on a blog, or trash it on Twitter or spread your fury about their practices on Facebook, but with bank fees climbing and climbing (overdraft fees are estimated to cost Americans $38.5 billion this year), I went on my own little Internet tour today, looking around for reactions to banking fees... More…
BeShirtHappy
Goldman Sachs created every major economic bubble since 1930
rollingstone.com — They use the same playbook over and over again: Goldman positions itself in the middle of a speculative bubble, selling investments they know are crap. When it all goes bust, leaving millions of ordinary citizens broke and starving, they begin the entire process over again. More…
jstohler
Expose: Goldman Sachs behind every market crash since 1920s
rawstory.com — Investment bank Goldman Sachs had a crucial role to play in every market bubble and crash since the Great Depression, says a new article. Goldman not only made money when asset prices were going up -- by hedging their bets, they made money on the way down, too. More…
SolidUncertain
The Joy Of Work: A Disabled Man's Quest For A Job
npr.org — It's a tough time for anyone to find a job. And for adults with developmental disabilities, like autism and Down syndrome, it's even tougher. Advocacy groups estimate that two-thirds of the developmentally disabled are unemployed. Michael Medina is a client of The Arc, a national nonprofit that offers support services to people More…
redwolfwalker
Jenocide312
lifeisgoooooood
MrBabyMan
Feds, states - major action against scams of victims
walletpop.com — Targeting scams that prey on people vulnerable because of the down economy, federal and state officials announced today a laundry list of legal actions including a lawsuit against a collection of get rich quick schemes that lured "hundreds of thousands" of victims who paid out about $300 million. More…
thegamingguy
California Parks Could Be Seized By Feds
huffingtonpost.com — California officials said Wednesday they are trying to avert the federal government's threat to seize six parks that could be closed to help reduce the state's ballooning budget deficit. Parks that could be seized include Angel Island, Point Sur State Historic Park, Point Magu State Park, etc. More…
biofriendlyblog
Personal Finance According to South Park
mint.com — South Park's Randy Marsh does not seem to have the makings of someone with financial savvy. Neither his job as a geologist nor his irrational tendency to over-react suggest we should trust his judgment with money at stake. And yet, there is something this man can teach us about personal finance. More…
gvoakes
BukowskyBank of America accused of anti-consumer practices
reuters.com — People, who said they were former Bank of America employees, alleged that their supervisors drove them to burden consumers with needless debt and fees, to fatten the bank's earnings and the paychecks of senior executives, and threatened to retaliate if they complained. Some complained their salaries had been too low and that they had to hit quotas. More…
hdar3415
Iraq Oil a Big Draw for Chinese
nytimes.com — Chinese oil companies are expected to bid in Iraq’s oil field auctions that are set to start Tuesday, although Sinopec, the China National Petroleum Corporation and the China National Offshore Oil Corporation all declined to comment Monday about their bidding strategies. Chinese oil companies have been particularly interested in buying oil fields More…
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