joshuaodonnell

Perhaps unsurprisingly, student loan defaults are skyrocketing as rising tuition costs clash with a weak job market.

Went to Manhattan school of Music, got a bachelors and a masters... in NYC. The govt. couldn't care less about music or the arts whatsoever...The brooklyn Philharmonic just cancled its entire season all of next year...

The economy will be fucked for the next 10 years. You want to get out, get out now!

Perhaps unsurprisingly, student loan defaults are skyrocketing as rising tuition costs clash with a weak job market.

The govt. holds the loan! Just like they own everything else..the banks, the cars, the mortgages, and basically everything else.. weve turned into a bunch of communists...like when the president fires a company CEO from GM..how fucked up is that????

Perhaps unsurprisingly, student loan defaults are skyrocketing as rising tuition costs clash with a weak job market.

yeah, fuck em all. If you were all smart, youd all move out of this god-forsaken country, cause were all fucked. Not only do you have a bunch of massive debt, you'll be paying more and more taxes back to the govt. to pay for all the CEO's salaries and executive golden parachutes... WELCOME TO SOCIALSIM FOLKS.

Perhaps unsurprisingly, student loan defaults are skyrocketing as rising tuition costs clash with a weak job market.

like millions of other people?

Financial firms worldwide face losses of up to $4.1T, says the IMF, and efforts to purge toxic assets and replenish capital have been 'piecemeal and reactive.' The fund urges governments to take 'bolder steps,' including nationalization when necessary.

$4.1 trillion? no. Its gonna be a whole lot more than that...just in the U.S. alone. Worldwide? who knows...trillions up trillions...

Bank stress tests are harsher on loans than on other troubled assets (like, say, MBS), according to a document obtained by AP. Under one scenario, tests (astonishingly) assume banks will see no further losses on the complex securities at the heart of the credit crisis. The approach favors the big Wall Street firms, while potentially threatening regional banks.

The stress tests are Bullshit. No matter what happens, the govt will say that every single big bank will pass the stress test, so the stock market doesn't crash and sell off.... It will also encourgae more and more investors to invest in the financial sector. Its actually horrible, because everything the govt does is one big lie. EVERYTHING. The last 6 week rally was an investor sucker rally, unfortunatly, these people will lose everything they have gained from the beginning of march. Traders on the other hand are in heaven.

Your credit's no good here: "U.S. banks need to stop the charade, ignore the political and public pressure and admit they're not lending," David Wiedner writes. "It's not because they don't want to, but because it's bad business."

I want a 1 trillion dollar credit line, so I can go out and buy everything I ever wanted....maybe even buy me up a 3rd world country....NO, the USA isn't for sale....or maybe it is????????????

Yesterday's revelation of a backdoor bank nationalization (shh... the n-word) is the latest in a series of missteps, and one more example of how the Treasury isn't keeping its word. When will lawmakers realize they have to address systemic problems bank by bank?

dont believe me? watch what happens..just watch.

Yesterday's revelation of a backdoor bank nationalization (shh... the n-word) is the latest in a series of missteps, and one more example of how the Treasury isn't keeping its word. When will lawmakers realize they have to address systemic problems bank by bank?

bank nationalization at this point is inevitable. These guys are all lying about the true value of the losses. Once the news gets out, the market will crash...wont be for a while...remember the govt. is pretty good at hiding the truth..oh, maybe not all the time...

So did Chrysler executives really refuse TARP money over fears of a pay cut? Or were they worried government-imposed compensation limits would scare off Fiat? Or is the explosive accusation a targeted leak by an administration frustrated by having to negotiate with unwilling partners? (Megan McArdle)

its more about the paycut.........than anything else.

Brett Arends thinks a covered-call options strategy might be just what the doctor ordered for today's turbulent markets: "Any buy-write or covered-call fund is going to underperform the stock market during a bull market. But after what you've been through, do you really care?"

MS calls are good for a short term trade.... we should see a run-up into earnings. SELL BEFORE EARNINGS FOLKS!! GOOG was an excellent example of why you have to sell before earnings!!

On the brink of deflation, the U.K.'s recession may be on the brink of a new and very dangerous phase: "There's a real danger here that we could get into a situation of constantly falling prices," economist Nick Bate says. "Firms cut wages, nobody buys anything and policymakers find it very difficult to deal with." (ETF: EWU)

wow. sounds like whats happening in the U.S.

After injecting over $800B of cash into the financial system over the last eight months, the real test for the Fed will be figuring out when to turn off the money pump.

What? That will never happen. Will see a 50 trillion dollar debt by the end of Obama nation.........

Matthew Yglesias wonders what suddenly changed to awaken sleeping M&A giants from their protracted slumber. An indication the bottom's really in, or a contrarian signal for the next leg down?

Well considering the lows are not yet in for this bear market, none of that really matters. Long term: we are headed to DOW below 4500...

GM's (GM) Henderson concedes bankruptcy is a 'probable' outcome: GM took its AC Delco off the market after failing to get enough cash for the business, negotiations with bondholders and its union have shown few results, and GM may sell its Opel stake for zero gain.

How many times do we have to hear GM CEO Henderson come out and say bankptucy is the probable outcome???????????????...

Just do it already and stop talking about it. Please. The bondholders are not going for this debt-equity swap. Not gonna happen. Its time to pay the piper!