No Credit for Obama

John Darkow, Cagle Cartoons, Columbia Daily Tribune, Missouri May 13, 2013 Dig deeper

Colleges Suing Poor Students Over Loan Defaults

Tracy Bloom / Truthdig Feb 6, 2013 "The increase in the amount of defaulted loans among poor students comes as President Barack Obama says he wants to expand access to college for working-class families and increase funding for the Perkins program," Bloomberg reports. Dig deeper ( 2 Min. Read )

Consumer Agency Puts Debt, Credit Companies on Notice

Staff / Truthdig Feb 16, 2012 The Consumer Financial Protection Bureau may not be popular with some conservatives, but the CFPB and its stealthily appointed Director Richard Cordray are here to stay, and the watchdog agency is kicking into action by making debt collectors and credit rating companies accountable for their actions. Dig deeper ( 1 Min. Read )

S&P Accidentally Downgrades France

Staff / Truthdig Nov 11, 2011 The same ratings firm that held the United States hostage to its debt demands and gave the thumbs up to toxic mortgage assets is again in the news for bungling things. Standard & Poor's accidentally announced a downgrade Thursday of France's AAA credit rating. Dig deeper ( 1 Min. Read )

Credit

Pavel Constantin, Cagle Cartoons, Romania Oct 2, 2011 Dig deeper

The Growing Student Debt Bubble

Staff / Truthdig Sep 26, 2011 In the aftermath of the stock market failure of 2008, another type of economic bubble is swelling: student debt. And it's no surprise, since Congress has done nothing to change the lending practices that brought the U.S. to the brink three years ago. (more) Dig deeper ( 2 Min. Read )

Credit Crunch

Paresh Nath, Cagle Cartoons, The Khaleej Times, UAE Aug 16, 2011 Dig deeper

U.S. Slapped With ‘Negative’ Credit Outlook

Staff / Truthdig Apr 19, 2011 Standard & Poor's, one of those ratings agencies that made a living signing off on toxic assets, has once again thrust itself into the spotlight by downgrading Uncle Sam's credit outlook from "stable" to "negative." As a consolation prize, S&P let us keep our AAA rating. Dig deeper ( 1 Min. Read )

New Credit Card Rules Go Into Effect

Staff / Truthdig Aug 22, 2010 New rules curbing credit card company shenanigans took effect Sunday, as restrictions on “unreasonable late payment and other penalty fees” will now block the companies from charging excessive levies if users, to cite just one choice example, do not use their cards. Dig deeper ( 1 Min. Read )

Euro-Bailout Helps U.S. Stocks Rise High

Staff / Truthdig May 11, 2010 After the Dow's freaky dip last week, Monday's news that the U.S. stock market was closing in on its biggest day in terms of gains this year might just boost some spirits on and off the trading floor. Dig deeper ( 1 Min. Read )

Former Merrill Lynch CEO Thain Tapped to Head CIT

Staff / Truthdig Feb 8, 2010 John Thain is back. The ex-CEO of Merrill Lynch, who also once held top posts at Goldman Sachs and the New York Stock Exchange, has returned to the Wall Street fold, this time as chairman and CEO of the CIT Group. However, this time, one imagines, he won't have a $35K commode at his disposal. Dig deeper ( 1 Min. Read )

Unemployment Woes Persist

Staff / Truthdig Jan 8, 2010 After a smidgen of good economic news in November, the U.S. economy unexpectedly shed 85,000 more jobs in December, continuing a nearly two-year trend and keeping the unemployment rate at 10 percent. Dig deeper ( 1 Min. Read )