If you’ve got a mortgage on your home, it needs to be insured. So if you stop paying that insurance premium, the bank will often go out and get insurance for you. Problem is, according to Bloomberg News, those policies cover less, cost more and will likely just end up putting you into foreclosure anyway.
The fallout continues over WalmartMexicoGate, a term I just made up right now that will likely never be used again. A shareholder in the nation’s largest retailer has filed a lawsuit against the company’s board of directors over the bad press tied to allegations that Walmart spent millions of dollars bribing folks in Mexico.