20 business icons who went broke
The lives of the rich go from boom to bust surprisingly often. Here are 20 stories of success found and lost (and sometimes found again), from worlds as diverse as Wall Street, rap music, baking and the big top, using Bing to help tell them.
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The Federal Reserve System has been causing havoc and fraud since the New York bank cartel signed up with the government allowing the cartel to exist when a law was passed 12-22-1913. FRS has caused so many ups and downs in the market, buying bonds with money that they print when they think some of the banks or businesses or countries need money - this country has been boosted by trillions of Federal Reserve Notes created with no intrinsic real value behind them. USA is nearly bankrupt, the FRS has never been audited in the 99 years it has been in business. It is not Federal, there are no reserves, and it is not a bank or system. FRAUD has been committed by our government since the above date. That is a big part of how famous people end up broke - no FDS handouts or bailouts.
Madoff should have been executed and those responsible for investigating allegations and did nothing should be executed along with him. $65 billion theft is enough to almost destroy American's confodence in the market and I know many who will never get in the market again.
They see it as run by crooks on Wall Street.
some of the group were jokers. some crooks. others, unlucky.
the fickle finger of fate.
OOps - didn't quite complete the statement - BM is exactly waht his initials stand for - he and his family and cohorts should rot in hell for the suffering they caused. Forever.
The same for those who may be pulling schemes off schemes as I write this.
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[BRIEFING.COM] Equities ended on their lows with the S&P 500 down 1.4%.
The S&P entered today's session with a week-to-date gain of 1.5% as investors expected reassuring words from today's Federal Open Market Committee Statement.
Stocks traded with slim losses until this afternoon's FOMC Statement and subsequent comments from Chairman Bernanke sent equities and Treasuries to their lows while also providing a significant boost to the dollar.
Today's Statement was ... More
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