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When luxury-loving Dr. Mark Weinberger vanished, in 2004, he left in his wake a wife saddled with more than $6 million in debts, a father headed for bankruptcy, and hundreds of patients who say he misdiagnosed them and performed completely unnecessary sinus surgeries. Now “TheNoseDoctor” of Merrillville, Indiana, is facing prison, along with more than […]

Never has the governing class allowed anyone to question the sacred principle that we all must pay our debts. That principle has recently been exposed to be a flagrant lie. As it turns out, we all don’t have to pay our debts. Only some of us do.

For the rest of the world, the Chinese consumer is one of the best hopes for future economic growth. In the years ahead, when the United States, Europe and Japan will have no choice but to slow their spending and pay off their debts, China could pick up the slack. Millions of Americans — yes, […]

In late October 2007, as the financial markets were starting to come unglued, a Goldman Sachs trader, Jonathan M. Egol, received very good news. At 37, he was named a managing director at the firm. Mr. Egol, a Princeton graduate, had risen to prominence inside the bank by creating mortgage-related securities, named Abacus, that were […]