Pollak: The Russia Collusion Hoax Is The Media’s Credit Crisis
When several institutions have a story wrong, as with “Russia collusion,” the contagion spreads everywhere, until the lies are part of the system itself.
subprime
Why I support Spike Lee’s #Oscarsmustfall campaign
Someone called Spike Lee is threatening to boycott this year’s Oscars for having failed to include a sufficient quota of black talent on their nominations list. This is an excellent campaign and one I shall definitely support once I’ve managed
Trump Warns Of Stock Market Bubble, Looming Recession
In an interview with The Hill, Donald Trump warned of a stock market bubble on the verge of bursting, and slammed the Dodd-Frank financial regulations, which were roundly praised by the 2016 Democrats during their first primary debate on Tuesday night. Trump called Dodd-Frank “terrible” and said he would “absolutely” repeal it as President.
Banks Raising Sub-Prime Credit Card Limits, Again!
The Office of the Comptroller of the Currency (OCC), which regulates the financial risks posed by the lending activity of American national banks, has officially reported that banks are expanding sub-prime credit by raising borrowing limits for credit card holders. The new concerns follow an OCC report last June that flagged “problematic” recent high-risk corporate takeovers, car loans through auto dealers, and commercial finance lending.
Is Another Subprime Loan Bubble Building?
Remember subprime loans? Well, they’re back. And this time, instead of funding the housing market, they’re being used to finance consumer debt.
Sub-Prime Mortgage Loans are Back, Again
Despite all the pain Americans suffered from sub-prime lending, the Federal Housing Administration (FHA) and the Community Redevelopment Act (CRA) are once again pushing low-income people with little or financial cushion into dicey mortgage loans.
