Bank Behind World’s Largest Money Laundering Scandal Offered Russians Gold Bars To Hide Their Fortune

When we last looked at Danske Bank, the Danish lender was at the center of what has been dubbed the world’s largest, $220 billion money-laundering scandal that allegedly involved Russians transferring funds offshore in violation of European regulations (it also involved the chronically criminal Deutsche Bank). Then, two months ago, the scandal took a lethal […]

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How to Spend $45,000 on a $27,000 Car

Please consider taking a $45,000 Loan for a $27,000 Ride. Consumers, salespeople and lenders are treating cars a lot like houses during the last financial crisis: by piling on debt to such a degree that it often exceeds the car’s value. This phenomenon-referred to as negative equity, or being underwater-can leave car owners trapped. Some […]

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Mankiw’s Ideal Democrat (Bloomberg Alert)

Greg Mankiw has always been a Never Trumper: I just came back from city hall, where I switched my voter registration from Republican to unenrolled (aka independent). Two reasons: First, the Republican Party has largely become the Party of Trump. Too many Republicans in Congress are willing, in the interest of protecting their jobs, to […]

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