Investing

Death Takes a Policy: How a Lawyer Exploited the Fine Print and Found Himself Facing Federal Charges

August 24, 2012
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Death Takes a Policy: How a Lawyer Exploited the Fine Print and Found Himself Facing Federal Charges

Rhode Island financial planner and lawyer Joseph Caramadre is the subject of a 66-count federal indictment relating to investments in variable annuities and corporate bonds. (Matthew Healey for ProPublica) Written by Jake Bernstein Joseph Caramadre has spent a lifetime scouring the fine print. He’s hardwired to seek the angle, an overlooked clause in a...

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Apple Store Packed: While Other Mall Stores Have Few Customers This Back To School No Tax Massachusetts Weekend

August 12, 2012
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Apple Store Packed: While Other Mall Stores Have Few Customers This Back To School No Tax Massachusetts Weekend

Hundreds of shoppers rushed to the Holyoke Mall Sunday morning even before the majority of the stores were open at 11 a.m to take advantage of the tax holiday this back to school shopping weekend in Massachusetts. There was only one store though that saw any crowds in the morning: Apple. Not only was...

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More Americans Renting As Home Purchases Too Difficult Despite Record Low Mortgage Rates

July 28, 2012
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More Americans Renting As Home Purchases Too Difficult Despite Record Low Mortgage Rates

The number of Americans living in their own homes is at a 15 year low as more of us discover that renting is cheaper and easier. Despite record low mortgage rates, Americans don’t have the higher down payments now required by banks or their credit ratings are shot. Much of the increase in home...

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Libor Bank Scandal May Be The First Financial Scam That Helped Consumers

July 15, 2012
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Libor Bank Scandal May Be The First Financial Scam That Helped Consumers

Unless I am missing something, it seems pretty clear that the manipulator of Libor – is the measurement used to set hundreds of trillions of dollars in mortgages and other loans – actually helped homeowners and credit card holders. How is that possible, you may ask? Well it turns out that in what may...

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