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SEC Did Not Do Its Job with Madoff

Posted September 14, 2009 – 4:24 pm in: Financial

Cited: Reuters

The US securities regulators will their game when they miss the numerous red flags that could have stopped Bernard Madoff’s $65 billion Ponzi scheme! They received numerous complaints dating back to 1992 and never did take the role and competent probe into the situation according to a federal watchdog. According to the SEC Inspector [...]

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Loan Rates and Applications Dip

Posted September 14, 2009 – 4:15 pm in: Financial

Cited: NewsDaily

An industry group reported that US mortgage applications slid the last week of August even though mortgage rates edged lower. Even requests for loans to buy homes declined for the first time since July. The applications index fell by a seasonal adjustment of 2.2% as the demand for both purchase and refinance loans slipped [...]

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Toxic Asset Plan for Investors and Banks

Posted June 15, 2009 – 3:57 pm in: Financial

Cited: TheStreet.com
Additional details regarding the Obama administration’s plan to kick-start the market for toxic was given to banks who wish to get rid of bad assets and investors who were interested in buying them. A summit was held to discuss aspects and potential impacts of the government’s Public-Private Investment Program (PREA) that was hosted by [...]

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How To Get Your Credit Report For Free

Posted April 16, 2009 – 3:37 pm in: Financial

As I write this I can hear a commercial for a free credit report, the commercial has a very catchy tune and cute appearance that makes you want to find out more. Well here’s the catch – you will be giving them all of your personal information and you will be signed up for services [...]

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