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Bill Gross the PIMCO fund manager known as the “Bond King,” is out with his February investment letter, titled “Credit Supernova!“ This month, Gross tackles the relationship between credit expansion and real growth. He channels the late...

When people are discussing Ponzi Schemes, infamous villains like Nevin Shapiro and Bernie Madoff tend to get most of the attention. But no one should forget about Samuel Israel III, a man who ran a $ 450...