Mortgage Fraud Settlement: A Second Bailout for the Banks?

wahi we know that the caddy banks only had to give up five billion dollars in hard cash as part of the settlement it’s been announces a forty billion dollar settlement it’s actually a twenty six billion dollar settlement with about seventeen billion dollars presumed to have a a mole double or a little more […]

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Why China’s US Debt Holdings Are Its ‘Nuclear Option’ In Trump’s Trade War

So the U.S. China trade dispute is essentially about fairness. The U.S. has long complained that they’re not treated fairly by the Chinese that it costs too much to send American products into China. And along with that the US does not charge enough for Chinese products that come into the US. Now this has […]

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Student Loans: More Debt, More Defaults, More Problems

bjbj”9″9 JUDY WOODRUFF: Now: the first of two reports on the ever-growing student loan debt problem. NewsHour economics correspondent Paul Solman tallies up the larger toll it’s taking and what it means for new graduates. It’s part of his ongoing reporting Making Sense of financial news. PAUL SOLMAN: America’s age-old academic rite of spring: commencement. […]

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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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