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MOB #68 – Auto Bailout, Fraud & Homelessness

December 15th, 2008 · podcasts

On this episode of Millionaire or Bust, we give you the bad news before we give you the good news.

This week, two more regional banks fail. One is in Georgia and the other is in Texas. We also discuss the state of the auto industry, the White House’s intention to bail them out and what effect the current and potential issues the automakers are experiencing are having on government tax revenues and expenditures.

With all these bankruptcies, foreclosures and job losses occurring, we discuss what seems an inevitable rise in homelessness. Times are tough, so if you can help out someone in need through donation to a charity or through volunteering your time, consider doing so. From a financial stand point, it’s a write off. From a personal standpoint it’ll make you feel good and improve your health. Don’t believe me? Check out Talli’s article on it at BeingHealthy.tv.

Then we discuss the largest fraud since Enron, which was allegedly perpetrated by Bernard Madoff to the tune of $50 Billion.

We also discussed what areas of the economy were experiencing job growth, the public transport boom and the 10% rise in U.S. Video Game Sales.

If you enjoy Millionaire or Bust, please head on over to iTunes and give us a nice review. If you have some feedback on how to make the show better, shoot us an email and help us improve the show. We appreciate all your comments. Thanks for listening everyone!

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2 responses so far ↓

  • 1 Bakari // Dec 18, 2008 at 2:56 pm

    Hello,

    I think you have a great concept and it’s great that you are providing such helpful advice.

    Keep up the good work!

  • 2 C Yates // Dec 19, 2008 at 4:48 pm

    10% rise in U.S. Video Game Sales – go figure 🙂 in the past hasn’t it been beer and chocolate that have weathered rough markets well? and now video games are on the list, gotta do something with your day!

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