Word: accountants
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Dates: during 2000-2009
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...illusion of fantastic success, of course, is Chapter 1 in the Scammer's Handbook. But many among the most egregious alleged billionaire bamboozlers, like R. Allen Stanford and Bernie Madoff, are taking the art of thievery to the next level. Some don't even bother opening an investor account when new monies come in; they just go shopping. It's enough to make Gordon ("Greed is good") Gecko blush. (See 25 people to blame for the financial crisis...
After her CNBC taping finished, Orman swept across the parking lot toward a waiting Town Car. Her longtime driver, Jean Germain, a strapping gentleman from Haiti, came rushing over to take a garment bag from her hands. In lieu of a bonus, last year Orman opened a retirement account for him and made the maximum contribution of $5,000. The cash is sitting in a money-market fund until she decides that the market has bottomed out. She plans to dollar-cost-average into exchange-traded funds and a few individual stocks, as she suggests doing in her books. (Read...
...main reasons for regret - one practical and one symbolic. The practical point is best made by the phrase: the West made them do it. Yes, some of the countries on the brink of collapse have brought disaster on themselves. Places such as Latvia and Bulgaria have run massive current-account deficits and are now paying the price. But the ability to borrow and spend so much comes, in part, because the countries had opened up their capital accounts and sold off their banks to Western Europe at the E.U.'s urging. Financial liberalization and free trade were mantras recited...
...fact the guy who runs Rant Blogger pays for all of this out of his own pocket is ridiculous in this economy. While other newspapers, magazines, and blogs are scrambling for money to stay in business, he just gives it away to anyone with a PayPal account. Normally we can’t get mad at people for getting money, but can this even actually be called a business model? Even Facebook, the grandaddy of all Web 2.0 start-ups that ignored monetization at first, is now having some money problems...
...groups, which include Oxfam, CARE International and the Dutch and French branches of Doctors Without Borders, have been told to turn over bank account information and lists of their assets. Vanessa van Schoor, Sudan operational manager for MSF Holland, said government agents had begun seizing computers and scanners at the group's offices...