The Bernard Madoff Scandal
Latest Blog Posts on Madoff
I rarely agree with Frank Rich, but this weekend he was spot o n. Excerpt: The estimated $65 billion involved in Madoff's flimflam is dwarfed by the more than $2.5 trillion paid so far by American taxpayers to bail out those masters of Wall Street's universe. A.I.G. alone has already left us on the hook for $180 billion. It's hard for those who didn't have money with Madoff to get worked up abo ...
Today's Money Coaching Monday is in response to the comments made by Melonee and Suzanne who wrote in and shared their struggle in Overcoming and Making Peace with Debt. Here's what Melonee said: "Thank you Deborah. Your words really helped ease my mind and pain. Thank you for letting me know that, not only am I NOT my debt, but that I am not alone." (read more....) Here's what Suzanne sa ...
When the morning news announced that Bernie Madoff was sentenced to 150 years in prison today, I found myself wanting to do the "happy dance." But I didn't...simply because that first wave of elation quickly subsided into sadness. No, I'm not sad for Bernie. I am sad about all those people who trusted him with their money who have now lost everything. And, I am sad (and angry!) for those w ...
I am not one to worry so much about anti-Semitism, not because it doesn't exist, but because others do it far too much. But a recent study which indicates that 24.6% of Americans blame "the Jews" a moderate amount or more, for our nation's financial problems, is pretty disturbing. Based on the research of Neil Malhotra and Yotam Margalit of Stanford and Columbia Universities, respectively, t ...
Schadenfreude - noun satisfaction or pleasure felt at someone else's misfortune. I once had a boss so mean I woke up in dread each morning, and lay awake every night fearfully, fantasizing about what terrors lay ahead for me the next day. She belittled me, berated me, treated me with contempt--even called me stupid to my face. She criticized the quality of my ...
How, um, secure are our federally-insured bank deposits? Rolfe Winkler thinks the federal government is undertaking a massive Ponzi scheme. Excerpt: Conventional wisdom says that financial companies are having trouble borrowing because credit markets are broken. This is dangerously wrong. The credit market itself is fine. It's balance sheets that are broken. They have so little equity relative t ...
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