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Washington View: Federal programs with good intentions create uncertainty
Few people know that tucked into the massive new federal health care reform law is a federal takeover of the student loan program. Begun in 1965, the Federal Family Education Loan program was a public-private partnership in which banks provided federally guaranteed student loans. In the early ’90s, the federal government created a “government option” of direct federal loans as… Continue reading
Why Else Would Anyone Lend the Feds Money or Back their Health Care Bill?
Yes, we’re expected to believe that the bad news bears – Bernanke, Summers, Geithner et al – have now won the World Series…by not only preventing a depression…
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Purchasing a car is a dream that everyone wants to realize. But not everyone can afford to buy a car at one go. Availing a loan is not a bad idea in such a situation. But what to do if a person is having a bad credit status? Bad creditors find it difficult to apply for any loan but due to the tight competition existing in the market, lenders… Continue reading
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European Stocks Fluctuate; Bank of Ireland Slumps, BHP Gains
March 29 (Bloomberg) — European stocks fluctuated as Standard & Poor’s kept its negative outlook on the U.K.’s AAA credit rating, increasing concern that mounting government debt will derail the recovery and offsetting an increase in the region’s economic confidence.
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