How much Kool-Aid does the sainted Warren Buffett expect his disciples to drink? You could easily choke on yesterday’s dose. He wants you to think that all is ethically fine and dandy at Berkshire Hathaway, after a top executive’s questionable stock trades and sudden resignation. Buffett’s press release on the departure basically said, “Trust me, [...]
Modern divorce is not about who was the meanest or who slept where. It’s about the money. Both spouse’s income and assets are – or should be – on the table. But couples don’t always know a lot about each other’s finances, or where to look. They might not even realize how much less they’re [...]
The big banks are threatening to hit you with fees for using your debit card. JPMorgan Chase fired the first shot across the bow last week, by canceling its debit-card rewards program.
Why is this happening? Because the banks lost an epic battle with retailers, which will force them to slash the fees they collect on [...]
When a wealthy man (it’s usually a man) has creditors on his trail, he’ll probably try to protect some assets by transferring them to his wife. If it works, his wife will be richer than she was before. On the downside, the law might come after her, too – wanting the money back.
That’s what’s happening to the [...]
Is Wall Street reform already dead? The bankers and other gazillionaires are back in the driver’s seat, in Washington D.C. For you and me, that means taking a more conservative stance with our personal money. Unbridled speculation and financial deceit brought us the Great Economic Collapse of 2008. If the new Congress undermines the Dodd-Frank [...]
