Colleges’ Fancy Pools Adding to Tuition
Moms and dads paying their children’s college tuition take note: some of those colleges’ tuitions may be hiked because of expensive recreational pools the colleges offer their students.
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California Schools Stick Taxpayers with $149 Billion in Bond Debt
The California Policy Center has just published an exhaustive study regarding the $149.2 billion Californians have borrowed over the last 14 years to finance public school construction. Despite the sob stories about dilapidated facilities, huge amounts of cash has been siphoned off due to union project labor agreements, environmentalist lawsuits, and inadequate planning and public oversight.
Fannie Mae and Freddie Mac CEO’s to get $3.4 Million Dollar Raise
The Federal Housing Finance Agency (FHFA) decided Wednesday to increase compensation for CEOs at Fannie Mae and Freddie Mac – government sponsored enterprises (GSEs).
Eurozone Says No to Greece Bailout Extension
The Eurozone rejected Greece’s request for one-month bailout extension only a day after the bankrupt country turned down an extension offer from their creditors. “It looks like we are heading for Grexit,” exclaimed one person who participated in the meetings.
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.
