Word: moneyitis
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...longingly past the camera under the heading I CAN HAS CHEEZBURGER?) Huh discovered the site, which was started by two Hawaiian bloggers, when they linked to a photo on his personal blog. His site quickly buckled under the traffic, and he e-mailed to complain - then figured there was money to be made in such a zealous online community. (See the 50 best websites...
Health-insurance companies have been spending $1.5 million a day to convince Congress that a public option should not be part of health-care reform. And that is only the money that is being spent on lobbying. Millions more is spent on advertising. Where does that money come from? It comes from our premiums. Every million dollars spent to destroy the public option and to mold health-care legislation so that it favors insurance companies is a million dollars that is not being spent on patients. Karen Wagner ROLLING MEADOWS...
...ended up being loyal to a terrible, terrible fault.' FRANK DIPASCALI, who pleaded guilty on Aug. 11 to 10 charges including fraud and money-laundering while serving as one of Bernie Madoff's top executives. DiPascali, who could be sentenced to as many as 125 years in prison, told a federal judge that he and others knew about Madoff's investment scam as far back as the early 1990s and aided it by helping falsify trading records...
...fall 2007, I found myself on the 19th floor of the Manhattan skyscraper known as the Lipstick Building, listening to Bernie Madoff explain to me how he made money. This was in preparation for a discussion called the Future of the Stock Market that I was moderating; Madoff was a participant. (It's a big hit on YouTube - just Google "Madoff video.") Sadly, he didn't happen to mention the now infamous Ponzi scheme he was running two floors below us. At issue was his legit business, a brokerage that had long been one of the biggest marketmakers (the firms...
This was my first glimpse into the strange modern methods of making money from making markets in stocks. Madoff's version of it was actually outdated by the time he explained it to me. With the government-ordered advent of decimalization in 2000 (stocks were previously traded in eighths of a dollar) and the rise of nimble competitors, the big spreads that Madoff Securities once feasted on were already a thing of the past...