Inspired by a personal experience, a businessman began delving into the practices of the mortgage industry, including Fannie Mae. His findings have been prescient.
Newt Gingrich set up his speaking and consulting business as an S corporation, which exempted this portion of his income from Medicare taxes, an unusual move for a business based on services.
Despite buoyant returns for stocks so far this year, it’s hardly time for investors to whistle, “Don’t worry, be happy.” Big problems linger from 2011.
New regulations are intended to make it easier for retirees to transfer money from their 401(k)s into an annuity that would guarantee payments until they die.
Letting tax cuts expire would have little effect on the wealthiest Americans’ ability to spend, but would ultimately give them better roads and cleaner air.
President Obama’s new task force has much to tackle in the mortgage mess — and soon, if it wants to allay suspicions that the authorities have given powerful institutions a pass.
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