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Majority Say US Government is Corrupt

An over-whelming majority of respondents to a new Money Examiners poll say the U.S. government is corrupt. In fact, 80% of those who took the online survey say that lobbyists contributing billions of dollars to political campaigns have swayed government leaders, corrupting the government. The poll was taken over a two week period, ending Tuesday […]

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Bank of Internet Next Big Stock

An interesting business called Bank of Internet Holdings Inc. (NASDAQ: BOFI) is exploding as new customers sign-up for services and its stock soars. Some even believe that BOFI could soon experience the kind of rapid growth Apple and Google experienced. The online bank’s business has grown 700% since the recession, triggering online crashes. A Motely […]

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Homeowners with Underwater Mortgages Drop Drastically

The number of U.S. homeowners with underwater mortgages has shown a consistent decline for more than a year, but a new analysis shows that just 7.1-million homes are currently underwater. The drastic drop in homeowners upside down on their mortgages is down from 9.6-million earlier this year. The number of mortgaged homes with equity also […]

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Newspapers Bright Future Online

The demise of the newspaper business has been greatly exaggerated. Some newspapers might just have a bright future online as news outlets. At least that’s what Jeff Bezos, the genius behind Amazon.com thinks. He spent $250 million to buy the legendary Washington Post. Bezos might be onto something. A paper with a legendary name that […]

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Mortgage Rates Drop to Drive Home Buyers Back

Mortgage rates dropped to pull more home buyers back into the troubled housing market, declining from last week to reach an average of 4.50% on the 30-year fixed rate home loan, according to Freddie Mac. The rates on most other mortgages also saw drops. The decline in rates came the day after the Federal Reserve […]

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Crimes in Financial Crisis- Continued

A series of new regulations to prevent another financial crisis were passed by Congress with Dodd-Frank, but five years after the crisis more than two-thirds of the legislation has yet to be implemented and Congress has still not yet made any sort of decisions on the future of Freddie Mac and Fannie Mae. The nation’s […]

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Biggest Bankers Will Not be Charged With Crimes in Financial Crisis

Federal prosecutors will not charge the CEO of Lehman Brothers or any other of the nation’s biggest bankers with crimes related to the financial crisis, according to two people familiar with federal investigations into the crisis. The decision comes five years after the U.S. economy was brought to its knees by the nation’s biggest banks […]

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