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West Covina Man Arrested for Running Illegal Ponzi Scheme

  • Avoiding ponzi schemes
  • December 7, 2010
After scoring over $4 million dollars from 108 victims, a West Covina man was sentenced Monday to 11 years in federal prison for running an illegal...
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Today's Retail Sales Report was a Farce

Don't be fooled by today's reported +1.4% increase in Retail Sales, and how it was a "surprise" and "more than the expected" +0...
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GDP: 3.5% "Growth" ???

There were a lot of things wrong with yesterday's GDP report (as usual). The BEA only subtracted -$17.9 billion for the change in trade deficit...
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Employment: Bad Report Even Worse Than It Appears

Despite the Corporate media's overly optimistic and distorted reporting of today's employment report, the news was not good at all. The economy...
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Bank Bailouts: "We-the-People" vs. the Wall Street Cosa Nostra

There's been much criticism of TARP and the other credit-bolstering actions taken by the Fed and Government. Much of the criticism, however, has...
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It's Time to Stop the Bank Bailouts

It's becoming clear that giving trillions of taxpayers' dollars to rich bankers and financiers has donelittle to help the real economy. The...
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The Collapse of US Manufacturing & Industrial Production

US manufacturing and industrial production continues to collapse, falling another -0.4% in June. This follows a downwardly revised -1.2% decline in...
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The American Ponzitocracy

The theories behind this administration's economic policy are no different than the last one's. The same old nonsense of money-at-the-top-creates...
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Stephanie Madoff Mack on The View talks about The End of Normal

Stephanie Madoff Mack appeared on The View on October 24, 2011, in a follow up to her 20/20 interview with Chris Cuomo. Mack was interviewed by the...
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Bernie Madoff's personal items being sold to help repay his victims (video)

  • News
  • November 15, 2009
Over 100 items were auctioned off on Saturday to help repay the victims of Bernard Madofffor their losses. Many of the itemswent for much more than...
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