Ponzi schemer given stiff sentence
“It's hard to hear that people feel that bitter.” Mackey then turned to look at some of his victims and … The retired teacher said she had hoped to use the money to pay off her home and help her son with college loans. “That won't be happening now …
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Handle Your Many in a Way That Will Let You Achieve Your Dreams
Spending beyond your means is an addiction. A spending addiction is probably as hard to cure as a drug addiction. It requires changing lifestyles. I've frequently hired a casual laborer. He is excellent at his craft and for 20 years made really excellent money …
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Occupy Distressed Debt: Can We Save The World With Loan Forgiveness?
Instead of a bank just lending money and collecting interest, it sells the rights to that income stream as an Asset Backed Security. By buying up a diverse array of ABS you … than just giving money to poor people"? And I reckon it's hard to answer the …
Read more on Slate Magazine (blog)