“A penny saved, is a penny earned,” wrote Benjamin Franklin in Poor Richard’s Almanack. The quote is repeated as fact by many people, often while picking pennies off the ground. Our friend Ben lived in a simpler time, and it’s time to revisit this famous quote with a little (disgusting? intriguing?) math to see if it holds up to closer scrutiny.
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Interesting Bankruptcy Article
On June - 3 - 2009
Take a look at a CNN compiled list of the largest bankruptcies in U.S. history, by assets. Also listed are the assets of Citigroup, Bank or America, AIG and Wells Fargo.
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