In light of the recent scandals in the financial world (Madoff, plus things just going down hill) , one simple yet sometimes ignored advice comes to mind:



.......some people(investors) actually invested 100% of their wealth with Madoff...oh dear, that money just went bye bye.

Remember Part 1? Now that we've got the bailout, here's how we pay for it, as well as alternative methods we could and should use:

As you may or may not have heard....

• update: Lehman Brother's filing for chapter 11 bankrupcy
• update: Merrill Lynch merged with Bank of America

What a week this has been for the financial markets...how sad though, the only independent Investment Banks left are Goldman Sachs and Morgan Stanley; down 3 since the beginning of the year (Bear Stearns acquired by JP Morgan in March )...upcoming speculations:

• AIG Insurance
• WaMu

On another consumers related note:

• Longs Drugs maybe bought out by Walgreens....or CVS Pharmacy