money
Bernard Madoff admitted that the investment firm he runs, which manages a lot of money from other investment firms, essentially rests on a giant Ponzi scheme. (A Ponzi scheme is a fraudulent practice similar to a pyramid scheme, where debts are continually paid back by creating new debt.) That's $50 billion which is essentially now nearly worthless, including massive investments from Spanish banks among others. |
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 [Automakers] have been devoid of vision. They have promoted and often driven the demand of inefficient, gas guzzling vehicles, and dismissed the threat of global warming. Oh, snap! |
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 It's old news by now that the economy's horrible. And if you read the news (and if you're reading this, you probably do) you likely know about the continuing stock market crash that started with the bankruptcy of Fannie Mae and Freddie Mac and led to Lehman Brothers filing for bankruptcy, Merill Lynch being acquired |
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