Michael Hudson KIM BROWN, TRNN: Welcome to The Real News Network. Im Kim Brown, in Baltimore. With the worst of the great recession, supposedly, behind … Democracy’s Debt LadderRead more
Debt
Posted inDebt / ToMl / USA Empire
Vulture Firms Who Own Its $74 Billion Debt
in Puerto Rico, one month after it was devastated by Hurricane Maria and, before that, Hurricane Irma. Four out of five Puerto Ricans are still … Vulture Firms Who Own Its $74 Billion DebtRead more
Posted inDebt / ToMl / USA Empire
Who Owns Puerto Rico’s Debt, Exactly?
Ever since Hurricane Maria and Irma devastated Puerto Rico, a looming question has been what will happen to the island’s $74.8 billion in debt, which … Who Owns Puerto Rico’s Debt, Exactly?Read more
Posted inDebt / Economics / ToMl / USA Empire
How to Wipe Out Puerto Rico’s Debt Without Hurting Bondholders
During his visit to hurricane-stricken Puerto Rico, President Donald Trump shocked the bond market when he told Geraldo Rivera of Fox News that he was … How to Wipe Out Puerto Rico’s Debt Without Hurting BondholdersRead more
Posted inColonialism / Debt / ToMl / USA Empire
Cancel Puerto Rico’s Wall Street Debt
Juan González talking: in Puerto Rico, where officials say the death toll from Hurricane Maria has increased from 16 to 34, though the Center for … Cancel Puerto Rico’s Wall Street DebtRead more
Posted inDebt / Economics / Empire / ToMl / USA Empire
One of the Largest Holders of Puerto Rican Debt
For years, the identity of the owner of one of the largest holdings of Puerto Rican debts has been a mystery. That mystery has finally … One of the Largest Holders of Puerto Rican DebtRead more
Posted inDebt / Education / ToMl / USA Empire
Student loan borrowers, herded into default, face a relentless collector: the U.S.
Lakisha Johnson figured all she needed was her 2016 tax refund to get her and her daughter out of a homeless shelter and back into … Student loan borrowers, herded into default, face a relentless collector: the U.S.Read more
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Bank of England is alarmed about the increase of personal debt
The Bank of England has been warned of complacency over the big rise in personal debt. In its toughest warning yet about the possibility of … Bank of England is alarmed about the increase of personal debtRead more
Posted inDebt / Economics / ToMl
Sovereign Debt Jubilee, Japanese-Style
Japan has found a way to write off nearly half its national debt without creating inflation. We could do that too. Let’s face it. There … Sovereign Debt Jubilee, Japanese-StyleRead more
Posted inDebt / ToMl
Liar Loans Dog Subprime Auto-Loan-Backed Securities
Santander, top subprime auto lender, verified income on only 8% of loans: Moody’s. “Liar loans” were a factor in the housing bust during the Financial … Liar Loans Dog Subprime Auto-Loan-Backed SecuritiesRead more