The Fed Protects Gamblers at the Expense of the Economy

Ellen Brown / Truthdig Jan 8, 2020 Its forced choice to bankroll hedge funds and other speculative ventures in repo market comes at a price to the middle class. Dig deeper ( 7 Min. Read )

Student Debt Slavery: Bankrolling Financiers on Backs of the Young

Ellen Brown / Truthdig Dec 26, 2017 Higher education has been transformed from a public service into a lucrative cash cow for private investors. Dig deeper ( 6 Min. Read )

Trump Pushes More Loans on Devastated Puerto Rico

By Jessica Corbett / Common Dreams Oct 11, 2017 The administration is asking that a national disaster relief package include a $4.9 billion Treasury loan to the U.S. territory, atop a $150 million loan for matching funds for FEMA grants. Dig deeper ( 3 Min. Read )

Economist Richard Wolff on Why All Debts Should Periodically Be Forgiven (Video)

Natasha Hakimi Zapata / Truthdig Mar 21, 2017 The former University of Massachusetts economics professor explains the historical role of credit in helping to preserve communities. Dig deeper ( 1 Min. Read )

New Jersey Will Stop Collecting Loans From Families of Dead Students

By Annie Waldman / ProPublica Dec 7, 2016 After an investigation into the state’s student loan program, Gov. Chris Christie signed a reform bill ending its most onerous practice. Dig deeper ( 3 Min. Read )

Demand for Loans From the World Bank Nears Crisis Levels

Alexander Reed Kelly / Truthdig Apr 13, 2016 Developing countries are continuing to struggle with the weak global economy. The bank said it expected to lend more than $150 billion in the four years from 2013 -- a period when global economic activity repeatedly failed to match expectations. Dig deeper ( 1 Min. Read )

It’s Time to Free Students From Debt

By Jim Hightower Aug 21, 2015 Touted as a necessity but priced like a luxury, many degree programs are mediocre or worse -- predatory loan scams that hustle aspiring students into deep debt and poverty. Dig deeper ( 3 Min. Read )

ACLU: Black Homeowners Were Preyed Upon by Banks Before the Great Recession

Roisin Davis / Truthdig Jun 24, 2015 Racial wealth inequality has widened due to targeting of black Americans by pre-2008 subprime mortgage lending, a report by the American Civil Liberties Union finds. Dig deeper ( 2 Min. Read )

Ukrainian President: Enormous IMF Loan Won’t Help Ordinary Ukrainians

Alexander Reed Kelly / Truthdig Mar 15, 2015 Petro Poroshenko admits that a $17.5 billion International Monetary Fund loan and its associated austerity measures won’t improve the lives of ordinary Ukrainians -- but will help pay foreign creditors and fund the country's ongoing civil war. Dig deeper ( 3 Min. Read )

IMF Approves $17.5 Billion Loan to Ukraine

Alexander Reed Kelly / Truthdig Mar 12, 2015 A week after lawmakers approved a raft of amendments to Ukraine's 2015 budget that the IMF had demanded, the fund signed off on a $17.5 billion loan that will prevent the country from going bankrupt. Dig deeper ( 1 Min. Read )

Truthdiggers of the Week: Leaders of the Debt Collective

BLANK Mar 1, 2015 With outstanding student debt in the U.S. topping $1.3 trillion, 15 former Corinthian Colleges students are refusing to pay the onerous, exorbitant cost of a shoddy education. Dig deeper ( 4 Min. Read )

Thousands of Croatia’s Poorest Citizens Just Had Their Debts Wiped Out

Natasha Hakimi Zapata / Truthdig Feb 3, 2015 A program called "fresh start" began Monday in Croatia and it's as incredible as it sounds. Dig deeper ( 2 Min. Read )