Why Lottery Winners go Bankrupt

Why is it that so many lottery winners go bankrupt?

Europe's Real Problem isn't Debt

Europe's real problem isn't Debt, it's lack of economic growth

When a Country Defaults

What happens when a country defaults? A look back at some recent defaults.

Warren Buffet bets on Bank of America

Warren Buffet bets on Bank of America

Liberals see opportunity for defense budget cuts

With our nation dripping in red ink, some liberals think that now is a good time to trim our incredibly large defense budget. Some wonder whether or not it is wise to spend as much on defense as the rest of the world combined.

Borders to Close, Forced to liquidate

Borders Forced to close all doors, liquidate

Greek Default could topple large US Banks

Greek crisis could spill over into the US and cause large banks like Bank of America to fail.

The Real Cost of the Auto Bailout

President Obama is touting the success of the auto bailout, but he leaves out a lot of inconvenient facts along the way. The true cost of the auto bailout is even more than the $14 billion the US tax payer is directly on the hook for; it is also the $13 billion in losses that GM will be allowed to apply against future tax gains, even though GM was "sold" during its bankruptcy. The other cost is that credit will be harder to come by for the auto industry, as creditors, along with the rule of law regarding bankruptcy procedure, were tossed aside during the bailout.