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17. Nov 10

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How Banks Sold Themselves Bad Debts

http://www.mortgagerates.info/dyk/cdos/

As the housing boom began to slow in 2006 investors became nervous about the riskier parts of their investments. Therefore, banks created and ultimately provided most of the money for new CDOs.

30. Nov 10

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12 Things About Wall Street That Should Still Worr...

http://www.billshrink.com/blog/7552/12-things-abou...

While many conceive of stock markets as impersonal mechanisms, economist Thomas Sowell reminds us that they are “as personal as the people in them.” Accordingly, several foreboding obstacles remai...

21. Dec 10

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Minimum Balance Nightmare: Why It Pays to Overpay

http://www.billshrink.com/blog/10520/minimum-balan...

Do you know what your bank is charging for your unpaid balance? You can reduce your debt and save a great deal of money by paying more than the minimum amount due.

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