Survey: Over 50% of Teens Want Lenders to Forgive $1.5 Trillion in Student Loan Debt
Forty-five percent want future employers held responsible for paying off loans
Tag: loans
I am the student loan crisis at its ugliest: I graduated and found out I have $200,000 in debt
‘Every once in a while, when I’m feeling overwhelmed, I watch college commencement ceremonies on YouTube. These rituals remind me how perverse our higher-education system is—and of the empty idealism that colleges and universities sell us: We are here today, donning our ceremonial robes and caps, to recite the traditional vacuous platitudes and wish you […]
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The Big Short – ‘Jenga’ Clip (2015)
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Debt Serfdom in America: Spiralling Household Debts, Mortgages, Credit Cards and Student Loans
‘As of October 2015, American consumers owe $8.17 trillion in mortgages, $900 billion in credit cards, and $1.19 trillion in student loans. Home mortgages, credit cards, and student loans occupy the most of the consumer credit market. The consumer credit market is the dream paradise of money merchants, known as moneylenders. Just as pharma companies […]
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IMF to change its lending rules for Ukraine – WSJ
‘The International Monetary Fund will go ahead with the promised $17.5 billion loan to Ukraine even if Kiev defaults on its $3 billion debt to Russia due in December, reports The Wall Street Journal. Current IMF policy forbids it loaning to countries that default on other governments. In 2013, Russian President Vladimir Putin and then […]
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Careful Who You ‘Like’: Lenders Could Deny Loans Based on Facebook Friends
‘Now, more than ever, it may pay to be wary of accepting just any old friend request online. Facebook recently filed a patent stating that a person can be denied a loan based on the credit history of contacts online. Flowers float in the sea after they were thrown into the Mediterranean in honor of […]
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Will the Oil Patch Bust Trigger Recession?
This seemingly inexhaustible credit line is now drying up, with severely negative consequences for oil producers with debt that’s coming due. Could the oil patch bust triggered by oil plummeting from $100/barrel to $50/barrel kick the U.S. into recession? Longtime…
Greek Banks Will Not Re-Open Monday Even As Loan To Repay ECB Approved
‘The timing could not be worse from a visual perspective but within minutes of the Eurogroup confirming that they approved the €7.16 billion bridge loan (which will merely be recycled back to The ECB to ensure the appearance of normalcy continues), local reports note that the Greek finance ministry says banks will not re-open on […]
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Greek Banks Will Not Re-Open Monday Even As Loan To Repay ECB Approved
‘The timing could not be worse from a visual perspective but within minutes of the Eurogroup confirming that they approved the €7.16 billion bridge loan (which will merely be recycled back to The ECB to ensure the appearance of normalcy continues), local reports note that the Greek finance ministry says banks will not re-open on […]
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Bank Reserves and Loans: The Fed is Pushing On a String
The money multiplier effect no longer works. As you (hopefully) know, we live in a fractional reserve banking system: if the bank is required to have $1 in cash reserves for every $10 in loans, it means the bank creates…
Is Greece About to Play its Geopolitical Trump Card and Ignite a Chain Reaction Across Europe?
‘If the EMU powers persist mechanically with their stale demands – even reverting to terms that the previous pro-EMU government in Athens rejected in December – they risk setting off a political chain-reaction that can […]
EU Surprised About Kiev Plans to Spend Loan on Border Wall Construction
In early April, Ukraine plans to start wall building on the border with Russia. Brussels is not delighted about the fact that Kiev will spend a substantial part of the EU aid package for this […]
Ukrainian President: Enormous IMF Loan Won’t Help Ordinary Ukrainians
‘Ukrainian President Petro Poroshenko has admitted that a new $17.5 billion loan from the International Monetary Fund and its associated austerity measures will not improve the lives of ordinary Ukrainians—but will help pay foreign creditors […]
The Ukraine Nazi regime was installed by Obama and his NATO bitches. Now Ukraine is experiencing a Weimar Republic like hyperinflationary collapse
‘The Ukraine Nazi regime was installed by Obama and his NATO bitches. The various international fronts for the American Empire have poured billions into this black hole of corruption and ineptitude. You can be sure […]