The New York Times reports that five billion dollars in student loans may be wiped out for thousands of borrowers in the U. S. because the lender didn’t keep track of the paperwork verifying ownership of the loans. The National Collegiate Student Loan Trusts – the lender at the center of this legal dispute – holds 800,000 private loans. […]
In 2008, Keynesian economics, financial wizardry and “creative” accounting led the whole world blindfolded into the greatest economic meltdown since the Great Depression. Why did the economists, bankers, finance experts, and academics fail to predict what was about to unfold? If they relied on their economic theories, and those theories did not help them to […]
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According to the U.S. Debt Clock, the U. S. Total Debt per Citizen as of July 7, 2017 is $207,689. In addition, the U. S. Total Debt per Family as of July 7, 2017 is $813,353. At this rate, we will soon be crossing over the $1 million dollar mark for the U. […]