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Wells Fargo Computer Glitch Forced Hundreds Of Foreclosures

PYMNTS

Wells Fargo , the embattled national bank, disclosed in a Securities and Exchange Commission filing that hundreds of individuals saw their homes in foreclosure because of a glitch in software the company used. The United States alleged that, in 2005, Wells Fargo began an initiative to double its production of subprime and Alt-A loans.

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A Decline in Personal Savings

TrustBank

The only time US personal saving has been this low was back in 2005 when it bottomed out at 2.1%. The BEA calculates the personal saving rate by subtracting taxes from personal income to arrive at “disposable personal income” and then subtracts personal outlays. in October. Recall the NINJA loans (No Income, No Job, Apply).

US 52
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Why Banking The ?Accidental Entrepreneur? Takes Baby Steps

PYMNTS

accounting for more than a third of the nation’s workforce, according to stats from Upwork and Freelancers Union. “There is a ‘getting-serious’ moment, whether it comes around tax time, or the moment they realize they could actually run this business full time. There are an estimated 57.3

Software 142
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24 Lessons From Warren Buffett’s Annual Letters To Shareholders

CB Insights

For investors as a whole, returns decrease as motion increases.” ( 2005 ). “Be In the early 70s, See’s was able to produce about $2M a year (after tax) on just $8M in net tangible assets (including all accounts receivable.) A few years later, however, See’s was earning 65% of its net tangible assets after tax.

Omaha 78
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11 Lessons From Startup Chapter 11s

CB Insights

Founded: 2005. In tests conducted by the National Highway Traffic Safety Administration (NHTSA), The Coda was awarded a rating of 5 stars out of 5 for its side-impact and rollover tests. The lawsuit hinged on Julep’s promotional free Welcome Box of Julep products, available for just the cost of taxes and shipping.

Apple 78