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Bank of America

BofA stops foreclosure sales in 50 states

WASHINGTON – Bank of America Corp., the nation’s largest bank, said Friday it would stop sales of foreclosed homes in all 50 states as it reviews potential flaws in foreclosure documents. A week earlier …

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MGM 4 Billion Debt – Bankruptcy Looms

Metro-Goldwyn-Mayer Inc. said it has begun seeking its creditors’ approval on a prepackaged bankruptcy plan in which they will exchange more than $4 billion in debt for equity in a new company that has rights to the James Bond franchise and the upcoming two-part movie series “The Hobbit.”

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Mints Mexican Money Mishap: Evil Anti Immigrant Infographic?

Mints Mexican Money Mishap: Evil Anti Immigrant Infographic?

Sometimes mixing money and media makes people mad. In the case of a Mint.com blogger it created a frenzy of bad press and internet backlash. The Infographic has been banned, pulled off the web to hide the shame. So we just had to give the public another chance to see it and get the full story from the top sources…

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The Social Security Situation

The Social Security Situation

Workers pay taxes which are then put into the Social Security Fund. The fund holds US Treasury Bonds, totalling $2,331,247,228,000 at the end of 2008. Current retirees are supported by current workers through payroll tax, which is what makes Social Security a pay-go system. Source

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