Feb 9 2010
The Transfer of Risk from Wall Street to Main Street – How the Bailouts Shifted 3 Gigantic Risks from Wall Street in Housing, Banks, and Jobs to Average Americans.
There is a false security in our current economy. The belief that the current banking industry is now healthy simply because the government supports it is misguided in valuing the real risk inherent in back stopping Wall Street. Or the idea that deposits are safe up to $250,000 in commercial banks because the FDIC seal […]
Jan 22 2009
Art Nadel: Art Nadel the new Bernard Madoff? 76 Year Old Financial Swindler. Disbarred Early in his Career for taking client money to pay off Loan Sharks.
Art Nadel, if you haven’t heard, is another financial swindler in the similar vein of Bernard Madoff. Of course his $350 million swindle doesn’t hold a light to Madoff’s $50 billion Ponzi scheme but this does tell us one thing, where there is one roach there will be many more. And that is why we […]