A no brainer, right?
Demos, a public advocacy organization, reports that the median student loan debt for students graduating from four-year public colleges and universities increased by an incredible 78 percent between 1993 and 2004. In 1993, less than half of college graduates left...more »
Posted on May 16, 2008 3:16 PM
A Diploma in Debt
Sunday's Washington Post published an informative and disturbing article about how undergraduates are "majoring in plastic," relying heavily on credit cards to finance tuition and basic living expenses, such as food, gasoline and housing. The story reports on the incredibly...more »
Posted on April 16, 2008 9:53 PM
Caught Lying to Zippy
Since the beginning of the sub-prime crisis, anti-predatory lending advocates have pointed to how the egregious behavior of lenders and mortgage brokers have contributed to the crisis; their arguments recently found yet another anchor of evidence in the recently surfaced...more »
Posted on April 3, 2008 1:31 AM
We are watching...
Despite the incredible role that mortgage brokers have played in steering families into unfair loans they could neither afford nor understand, the Washington Post reports that the National Association of Mortgage Brokers succeeded in having a provision that would function...more »
Posted on March 7, 2008 3:45 PM
Check this...
Phil Tedesco’s post, “Giving Health Care Away,” reminded me of yesterday’s New York Times article about CheckUps, a privately owned, for-profit chain of walk-in medical clinics housed primarily in Wal-Mart stores throughout the country. The article announced that CheckUps has...more »
Posted on January 30, 2008 4:00 PM
That's Outragous.
HigherEdWatch.org proposes a compelling solution to the deeply distressing problem of for-profit educational institutions steering students into high-interest private loans they cannot afford when the students actually qualify for cheaper government-subsidized loans. HigherEdWatch.org proposes that Congress put an end to...more »
Posted on January 26, 2008 12:43 PM
To the left? To the right? Or just different?
Yesterday night's Democratic presidential debate featuring the economy helped me fashion a response to Paul Krugman's column from Monday, which struck as way off-base when I read it, even though I wasn't sure why. Krugman described John Edwards as "driving...more »
Posted on January 16, 2008 11:01 AM
A dangerous "pool" to swim in
This article discusses Sallie Mae's recent erratic stock-market performance, which brings to light a central question: does Sallie Mae's profit motive as a publicly traded company irreparably undermine its ability to help create the most affordable and safe market possible...more »
Posted on January 12, 2008 8:58 AM
Credit Card Companies Finally Forced to Explain
Yesterday, representatives from five of the nation’s biggest credit card companies found themselves forced to explain one of their most confusing, egregious and potentially catastrophe-producing practices. Led by Senator Carl Levin (D-Mich.), the Senate Homeland Security and Governmental Affairs Sub-Committee...more »
Posted on December 5, 2007 6:28 AM
Servicers Must Modify Loans
Today, the Wall Street Journal leads with a story headlined “Citigroup Feels Heat to Modify Mortgages” about how influential non-profits are “racheting up pressure” on lenders such as Citigroup to offer homeowners more affordable terms on their existing loans. These...more »
Posted on November 26, 2007 8:16 AM
