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Another credit agency is downgrading Illinois after its lawmakers ended their session without addressing the state's $100 billion pension liability crisis. Now, Gov. Pat Quinn is calling the General Assembly back into session.
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Some financial experts say the fees charged by actively managed mutual funds are not worth it. Over the long haul, they could cost a retirement account tens of thousands of dollars. So NPR's Uri Berliner explores funds that have minimal expenses.
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Rajat Gupta was one of the wealthiest and most successful men in America. Why would he throw that away on an insider-trading scheme? A new book from financial journalist Anita Raghavan tries to uncover the motivations of a man who lost everything in the Galleon Group scandal.
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A federal insider trading probe focused on the hedge fund SAC Capital is causing investors to take action. Investors have pulled an estimated $3.5 billion from the fund in anticipation of additional developments.
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The companies who calculate your credit score are watching.
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Microcredit has been held up as one of the most promising ways to help poor people. A new paper looks at a microcredit program three years out and finds results that don't live up to expectations.
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Should banks be required to hold much more capital as a safety net? Just kidding, banks don't hold capital!
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S&P says Berkshire Hathaway has an "excellent business profile," but that its dividend income is too dependent on the insurance companies it owns. The move is not expected to have much, if any, effect on Buffett's company.
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The Internet has managed to disrupt many industries, from publishing to music. So why not lending? Google's recent investment in Lending Club has raised the profile of peer-to-peer lending, which gets borrowers and lenders together outside the conventional banking system.
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The Consumer Financial Protection Bureau says Mission Settlement Agency "systematically exploited and defrauded" its clients.