Showing posts with label loans. Show all posts
Showing posts with label loans. Show all posts

Debt Collection, At The End Of A Gun (Update)

by Scott Greenfield.     A good friend came to me decades ago with a problem. He received a letter from the Department of Education informing him that he had to repay his student loans that had been incurred decades earlier. He did repay them, he told me. “You have proof?” I asked. Are you kidding? It was 25 years ago. I threw the checks away decades  ... MORE

Why Overregulation Of Payday Lenders Is A Bad Idea

by Veronique de Rugy.  Combating bad ideas would be much easier if they were all backed by ill intent.   More often than not, however, the opposite is true, and the worst government policies are enacted with the intention to help.   Such is apparently the case with the aggressive campaign by the Consumer Financial Protection Bureau to      ... MORE

How Student Loans Create Demand For Useless Degrees

by Josh Grossman.   Last week, former Secretary of Education and US Senator Lamar Alexander wrote in the Wall Street Journal that a college degree is both affordable and an excellent investment. He repeated the usual talking point about how a college degree increases lifetime earnings by a million dollars, “on average.” That part about averages is    ... MORE

John Stossel: The Next Bubble

They're doing it again!      When the last housing bubble burst, politicians blamed "greedy banks." They said mortgage companies lent money recklessly, making loans to people with dubious credit, for down payments as low as 3 percent. "It will work out," said the optimistic bankers. Regulators didn't disagree. Everyone said, "Home prices  ... MORE

Look Out, Taxpayers: Student Loans Aren’t Being Repaid

More government folly comes home to roost.     The more than $1 trillion in student loan debt is a looming problem for taxpayers because the borrowers aren't paying it back in great numbers or amounts. "Widespread failure to repay is a problem for the lender, in this case, federal taxpayers," economists at the Federal Reserve Bank of   ... MORE

The 5 Most Troubling Things in Congress’ New Spending Bill

by Romina Boccia.   Yesterday evening, the House of Representatives released its stopgap spending measure which blindly continues the bloated spending in the January omnibus bill that included special-interest handouts, wasteful and unnecessary energy spending, and transportation boondoggles. Instead of debating and voting on  ... MORE

Steve Chapman: Obama's Deficient Student Loan Plan

Another expensive vote-buying scheme.        The government normally doesn't care whether you or I accumulate large bills for home improvement, a new car or exotic vacations. But Barack Obama feels no hesitation in concluding that the cost of higher education has placed "too big a debt load on too many young people." Therefore,      ... MORE

Obama's Green-Energy Scams Leave Taxpayers In The Red

by Justin Sykes.       How we gave China a stimulus. It’s been more than five years since President Obama signed his misguided economic-stimulus package into law, creating green-energy subsidies and expanding others, but American taxpayers are still feeling its disastrous effects. This month a deal was reached between competing creditors of      ... MORE

California City Tramples Property, Contract Rights

by Bob Barr.       It’s easy to make fun of California, the “Land of Fruits and Nuts,” with its history of “flower power” and its “fragrance free zones”; where environmental whackos are exalted, and Second Amendment supporters demonized. What is not humorous, however, are efforts by officials in the Golden State to use the power of      ... MORE

IBD: Too Much Government Caused The Great Recession

by Scott S. Powell.         Just a generation after the collapse of the Soviet socialist system, a recent Pew poll reports that 49% of Americans 18-29 years old have a positive view of socialism, while only 46% have positive views of capitalism. The ambivalence toward capitalism is due in part to the influence of the information and entertainment class  ... MORE

Debra J. Saunders: Price Of Obama's 'College Affordability'

Soaring debt encouraged by the president. "No family should have to set aside a college acceptance letter because they don't have the money," President Barack Obama told the Democratic National Convention as he accepted his party's nomination in Charlotte, N.C., this month. That sentence -- key in Obama's "college affordability" agenda        ... MORE