Vijay Mallya owes Indian banks over Rs 9,000 crores. He has run away to the UK and we don’t know when or if he will … Initiate Criminal Proceedings Against Vijay Mallya and Other DefaultersRead more
Debt
Posted inDebt / Economics / ToMl
The Potential of Debtors’ Unions
Financial markets are political. Stock markets, bond markets and derivatives markets do not merely (or even primarily) raise capital for goods and services. Rather, they … The Potential of Debtors’ UnionsRead more
Posted inDebt / Economics / News
Argentina Agrees to Pay “Vulture Funds” That Sought to Profit Off Debt
Argentina has reached an agreement to pay U.S. hedge funds that have sought for 14 years to profit off the country’s debt. The hedge funds … Argentina Agrees to Pay “Vulture Funds” That Sought to Profit Off DebtRead more
Posted inDebt / Economics / ToMl
What is the national debt?
The government has three main sources of revenue: Taxes & fees – such as Income Tax, National Insurance, Value Added Tax (VAT), taxes on alcohol, … What is the national debt?Read more
Posted inDebt / Economics / Education / ToMl
Student loan crisis
Educational debt has become a ticking time bomb. With over $1 trillion in outstanding loan balances, the student loan industry has a lot in common … Student loan crisisRead more
Posted inDebt / Economics / Education / ToMl
The Student Debt Time Bomb
There’s a generational time-bomb ticking — and the student debt crisis is the trip wire. Adults under 35 disproportionately bear the brunt of escalating inequality. … The Student Debt Time BombRead more
Posted inDebt / Economics / ToMl
The Politics of Debt in America
Shakespeare’s Polonius offered this classic advice to his son: “neither a borrower nor a lender be.” Many of our nation’s Founding Fathers emphatically saw it … The Politics of Debt in AmericaRead more
Posted inDebt / Economics / Education / Protest / ToMl
Students Launch Historic Debt Strike
next financial crisis: the over $1.2 trillion in student loan debt. The massive cost of U.S. college tuition has saddled millions with crushing debt and … Students Launch Historic Debt StrikeRead more
Posted inDebt / Economics / ToMl
Miss a Payment? Good Luck Moving That Car
The thermometer showed a 103.5-degree fever, and her 10-year-old’s asthma was flaring up. Mary Bolender, who lives in Las Vegas, needed to get her daughter … Miss a Payment? Good Luck Moving That CarRead more
Posted inBank / Debt / Economics / Financial crisis / USA Empire
Former Wells Fargo Subprime Loan Officer, now works in foreclosure defense
Wells Fargo was one of the top ten subprime lenders in the country and is among the top recipients of taxpayer-funded bailout money under the … Former Wells Fargo Subprime Loan Officer, now works in foreclosure defenseRead more