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Friday, July 26, 2002
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Sliding along under the radar of most Americans is a federal bill that dramatically changes the bankruptcy laws to favor creditors over debtors. Has there been wide spread abuse of the current bankruptcy law? Who and what is propelling this reform and why?
"Research by the Federal Reserve indicates that household debt is at a record high relative to disposable income. Some analysts are concerned that this unprecedented level of debt might pose a risk to the financial health of American households.
A high level of indebtedness among households could lead to increased household delinquencies and bankruptcies, which could threaten the health of lenders if loan losses are greater than anticipated."
I don't normally make guesses about the future but in this case I believe the financial services sector is preparing for an economic free fall event in the US. How far out it might happen I don't know but given the way the economy and this administration are headed I have little confidence that a major event will be avoidable.
I think in this country we should be protecting and educating our citizens about responsible, moral, ethical financial and personal behavior. As long as we continue down the money talks and greed is king path we will continue to have leaders like Dubya who urge us to "go shopping" after a national tragedy like 9/11. We need change, but the citizens should be placed first. Anybody agree?
 12:27:00 PM Google It! comment
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A series of articles in the Washinton Post that opens the closet door exposing AOL's "creative" business deals. What happened to their ethics? Was the company so consumed with arrogance, greed, and ego that they disregarded common sense? You be the judge.
I'm not sure how long these links will live so get 'em now.
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By Alec Klein
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Page A01, Jul 25, 2002
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AOL Time Warner Inc. disclosed yesterday that the Securities and Exchange Commission has launched a probe into its accounting practices after ...
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By Alec Klein
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Jul 24, 2002
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AOL Time Warner Inc. disclosed today that the Securities and Exchange Commission has launched a probe into its accounting practices after questions ...
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By Alec Klein
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Page E01, Jul 20, 2002
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AOL Time Warner Inc. is planning another round of layoffs at its struggling Internet division in Dulles, as shaken employees continue to react to ...
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By Alec Klein
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Page A01, Jul 19, 2002
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Second of two articles At noon on Dec. 21, 2000, David M. Colburn swaggered to the stage in black cowboy boots, sporting his trademark 5 o'clock ...
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By Alec Klein
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Page A17, Jul 19, 2002
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At the height of the Internet boom, when America Online Inc. was king of the heap, it found an unlikely business partner: a former video store ...
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By Alec Klein
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Page A01, Jul 18, 2002
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First of two articles In October 2000, a critical question confronted America Online Inc. as it sought to clinch the largest merger in U.S. history: ...
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10:33:11 AM Google It! comment
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