FHA Needs $1.7B in Bailout Money, Doesn’t Need Approval

(Image source: Bloomberg / Patrick T. Fallon) BY CLIFF JUDY The latest government bailout starts the week, and it doesn’t require congressional approval to use your tax dollars. “The Federal Housing Administration needs a $1.7 billion bailout. The FHA will draw the money from the U.S. Treasury to help cover losses from troubled loans.” (Via […]

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How Chinese Debt & Business in China Have Evolved (w/ Fraser Howie)

FRASER HOWIE: My name’s Fraser Howie. I’m an independent analyst on China. And author of a number of books on the Chinese financial system, in particular, Red Capitalism, and then before that, Privatizing China. So I’ve been in Asia for about 25 years, primarily working in the financial sector– Hong Kong, Beijing, Hong Kong, again, […]

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Student Loan Forgiveness: Can The US Erase Student Debt?

Americans owe $1.57 trillion in student debt. That might be a hard number to wrap your head around. What it comes out to is $20,000 to $25,000 for the typical borrower, but of course that’s not evenly distributed. I have $69,812, $47,000, $350,000. More than 600,000 people carry higher burdens of $200,000 or more. Even […]

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What Will Cause The Next Recession – Mark Zandi Says Corporate Debt

2020 is the day of reckoning. If there is a day of reckoning that’s when the economic expansion will end and a recession will ensue. No recession in 2019. In large part because we do have more fiscal stimulus in 2019 it’s mostly deficit financed increases in government spending and that allowed a lot to […]

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