Types of Wealth gained in this post
…taking the proceeds and putting them into a “recovery payback fund” for the victims. The victims would split the new “Madoff Payback Fund” based on percentage of their share of the $50 Billion they were screwed out of.
Wow, let’s see… Madoff rips people off for a sum of [...]
Analysis/Discussion:
This is a really tough situation for most typical Americans. “Credit Freeze” in other words means “life freeze” in your average household. Why you ask? Simply because the U.S. is run not by cash, but by credit. Many households live their lives in consistent debt, which isn’t necessarily a bad [...]