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What Are the Lessons of the Madoff and Lehman Brothers Scandals?

Dec.23, 2008 in Business And Finance

The scandals around Lehman Brothers and Madoff have shown that structured products and hedge funds can swallow the investors’ assets like black holes.

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Personal Finance

Personal finance is the application of the principles of finance to the monetary decisions of an individual or family unit. It addresses the ways in which individuals or families obtain, budget, save and spend monetary resources over time, taking into account various financial risks and future life events.