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Lin Mun Poo Arrested for Hacking Federal Reserve Bank

Lin Mun Poo Arrested for Hacking Federal Reserve Bank

Lin Mun Poo, a thirty two year old Malaysian citizen, was arrested for hacking the computer network at the Federal Reserve Bank. Poo had built a career of stealing information from and compromising financial institutions, major corporations, and even defense contractors and then selling or trading...

 Mark Madoff Dead, Result of Suicide

Mark Madoff Dead, Result of Suicide

Bernie Madoff's forty six year old son Mark, was found dead due to an apparent suicide on the second anniversary of his father's arrest. The timing of Mark's death was nearly to the precise hour and minute of Bernie's arrest. Mark's wife, Stephanie, was in Florida when she lost contact with her...

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What Is a Secured Loan?

A secured loan is a kind of loan wherein the borrower is required to put up collateral. The collateral can come in various forms. This can be a piece of property, a car, or any other asset. When an asset is used as collateral, the lender will be given the ownership documents for the asset until...

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Basic Info About List Prices

The list price of a product is also known as the suggested retail price (SRP). This amount is determined by the manufacturer of the product. At the end of the day, however, the product may be sold to the end consumer for higher or lower than the list price. The final price that the product is...

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What Is a Bullion?

The term bullion refers to precious metals that are in bulk form. A metal is considered precious if it is naturally occurring, rare, and of high value, economically speaking. The value of the bullion comes from the metal itself, not from the assigned currency value. Looking back in time, these...

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What Is a Bridge Loan?

A bridge loan is a kind of loan that is meant to provide a borrower with short-term assistance. The name implies a lot about the nature of the loan - it serves as a bridge to get an individual through a temporary tough period. They also often serve as loans to deal with temporary cash flow problems...

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What Are Business Expenses?

When a business is set up, costs are always part of its operations. Those costs are what are called business expenses. These expenses include anything that are related to running the business. Some common examples of business expenses are rent, salaries, and utilities. Business expenses can...

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What Is a Bank Note?

A bank note is simply another term for paper money. It is also known as a note or a bill. Technically, a bank note is described as a promissory note that is issued by a bank, which is payable on demand. Bank notes are different depending on the country or region, but they all represent some...

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What Is a Beneficiary?

A beneficiary is a term used to refer to an individual or an organization that is the recipient of money - or some other kind of benefit - from another party. The party that bestows the money is called a benefactor. The term beneficiary can be used in a lot of different ways, but perhaps the most...

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Basic Info About Sub-Prime Loans

In this credit-driven society, taking out a loan may seem easy. The fact is that this ease is made possible by the existence of a loan product for practically every kind of customer. The general idea is that those with a good credit record and good credit score can easily get a loan approved....