New York – Harry Markopolos — the whistleblower on Bernie Madoff who proved to be much smarter than the SEC — says there are evildoers out there who will make the Ponzi scum “look like small-time.” Markopolos gave a speech to 400 of the faithful at the Greek Orthodox Church in Southampton and predicted major scandals will soon be revealed about the unregulated, $600 trillion, credit-default swap market. “To put it in simple terms, it is like buying fire insurance policies from five different insurance companies on your neighbor’s house and then burning down the house,” he said
Subscribe to our Daily Roundup Email
For apparently no reason my credit cards companies sent us a letter indicating that our interest rate instead of being fixed will fluctuate. does anybody have a clue why would they do that now? has anything to do with new legislation about credit cards that is coming up soon? why would they do that what could they gain and what should I do?
To 1
Simply stop using credit cards they are here to rip you off if 1000000 people would do this the companys will be out of buseness.
The credit default swap market referred to in the article has nothing to do with credit cards
Anyone know what this guy is referring to?? What does he mean by credit-default swap??
Typical, yell wolf enough times and you are bound to be right once or twice. To #1 : that’s like someone talking about babba basra and you ask him about your bubby Esther
Typical, yell wolf enough times and you are bound to be right once or twice. To #1 : that’s like someone talking about babba basra and you ask him about your bubby Esther
Does this mean that when the shamesh goes around with the pushke for tzdoko and I give him a dollor I can not ask him to give be back 75 cents? is this also money laundering?
Mr. Markopolis is extremely interested inMr. Markopolis. See? he got the headlines again, just like he wanted.