Student Loans: Teacher Horror Story a Reminder of Failure to Fix Broken Servicing Model
Democrats fiddle as lousy servicing of student loans further harm borrowers.
Read more...Category Archives: Credit markets
US Treasury Rates Hit Nine-Year Highs
But the yield spread collapses to lowest since early in the Financial Crisis. Even the Fed is worried.
Read more...Why Those Looking for the Next Crisis May be Looking in the Wrong Places
More and more experts are nattering nervously about market risk and occasionally using the “crisis” word. What are the potential hazards?
Read more...Biometric ID Fairy: A Misguided Response to the Equifax Mess that Will Only Enrich Cybersecurity Grifters and Strengthen the Surveillance State
Surrendering biometric information and fancy technology provide no panacea for the problems revealed by the Equifax hack.
Read more...Catalonia: Puigdemont Promises Secession in Days as King Censures Officials Acting Outside the Law
Gaming out possible moves by Spain if Catalonia proceeds with its secession plan.
Read more...Trump Says Puerto Rico Debt Needs to be Wiped Out
Trump speaks an inconvenient truth about Puerto Rico. How long before his minders walk it back?
Read more...Hy Minsky, Low Finance: Modern Money, Civil Rights, and Consumer Debt
MMT’s ultimate contribution to consumer finance is showing a world beyond the “Let Them Eat Debt or Let Them Eat Cash” approaches.
Read more...Wall Street Got a Bailout, Why Not Puerto Rico?
How Puerto Rico has gone from an economic disaster area to a humanitarian crisis in the making.
Read more...Wall Street and City of London Getting Nervous About Catalonia
Yves here. Neither side appears willing to back down in the battle of wills over the Catalonia independence vote set for this Sunday, October 1. The English language press has described how the Spanish government has declared the election to be illegal and Mariano Rajoy’s government has moved to try to shut it down, for […]
Read more...Cybersecurity Ain’t the Only Game in Town: The Scams Multiply
Cybersecurity is much in today’s news, but it’s not the only source of scams– which are much more omnipresent than in the past.
Read more...Don Quijones: It Gets Ugly in Catalonia
Madrid’s crackdown is increasing support for independence in Catalonia among those who previously had little interest in such an outcome.
Read more...Catalonia’s Defiance of Spanish Authority Turns into Rebellion
Catalonia and the Spanish government are in a power struggle, with Madrid moving to strip Catalonia of its autonomy. What are the stakes?
Read more...From Credit Risk to Pipeline Risk: Why Loan Syndication is a Risky Business
How pipeline risk poses a danger to banks even in an “originate to distribute” business like loan syndication.
Read more...How US Regulators Created the Equifax Mess
How regulators made credit bureaus like Equifax powerful, and why banks could live without them if they needed to.
Read more...NC Classic: The Tinkerbell Market
A classic from our market commentary in the runup to the financial crisis.
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