Finance

12:39pm

Tue May 7, 2013
The Two-Way

Feds Say Debt Settlement Firm Defrauded 'Financially Desperate'

Originally published on Tue May 7, 2013 2:33 pm

U.S. Attorney for the Southern District of New York Preet Bharara addresses the media on Tuesday during a news conference on the indictment of Mission Settlement Agency.
John Moore Getty Images

The work of the Consumer Financial Protection Bureau, the federal oversight agency established by Dodd-Frank three years ago, has resulted in its first criminal referral — a case against a debt-settlement company it says defrauded thousands of people.

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8:20am

Mon May 6, 2013
The Two-Way

U.S. Courts More Lenient With Offshore Cheats, Analysis Finds

The Wall Street Journal has an interesting bit of analysis today: U.S. courts tend to hand out more lenient punishments to those who hide money offshore to cheat on their taxes than they do to more mundane tax evaders.

The Journal relies on Internal Revenue Service statistics and "data compiled by former U.S. Justice Department lawyer Jack Townsend."

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2:41am

Fri May 3, 2013
Your Money

John Bogle's Latest Advice: A 'Gatekeeper' For Your Nest Egg

Originally published on Fri May 3, 2013 10:14 am

John Bogle, founder of The Vanguard Group and president of the Bogle Financial Markets Research Center, says the government should set standards to protect Americans' retirement savings.
Mark Lennihan AP

Mutual funds, which have topped $13 trillion, are the way many Americans interact with the financial markets. You may have come across mutual funds when you set up an individual retirement account or a company-sponsored retirement account like a 401(k).

A "basket" of stocks, bonds or both, mutual funds are seen as safer to own than individual stocks. Having many in one basket spreads the risk, especially over time. But high fees, lack of diversification, or a focus on short-term gains can put your nest egg at risk.

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8:51am

Wed May 1, 2013
Business

Apple Sells Bonds

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with a scramble for Apple bonds.

(SOUNDBITE OF MUSIC)

MONTAGNE: Apple, yesterday, sold $17 billion worth of bonds - which is a new industry record. Apple issued the bonds to take advantage of low interest rates as it prepares to make a payout of $100 billion to shareholders by 2015. Transcript provided by NPR, Copyright NPR.

9:52am

Mon April 15, 2013
Planet Money

Ask A Banker: What's It Like?

Originally published on Mon April 15, 2013 4:27 pm

Paul Goyette Flickr

Hi, it's another installment of Ask A Banker. We've gotten lots of good questions, and also lots of bad questions, on Twitter and email, but answered only a fraction of them, in part because in some columns I just answered questions that I or Planet Money made up. Sorry. So let's make up for lost time by giving short answers to a bunch of real questions from real people, or at least real email accounts.

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