Former Massachusetts Gov. Mitt Romney’s opposition to billions in emergency government loans extended to General Motors and Chrysler in 2008 and 2009 remains controversial in Michigan as Romney attempts to become the first Republican since 1988 to carry the state in a presidential race. Remarks Romney made in an interview in Ohio one day ahead of his Lansing visit on Tuesday re-ignited the .. more …
The Royal Bank of Scotland has confirmed that it will complete its loan repayments next week.The company is 82 per cent state owned after a £45bn bailout from the taxpayer at the height of the financial crisis. The announcement was made along with its first quarter results, in which it reported a pre-tax loss of £1.4bn, compared with last year’s loss of £116m.The loss was .. more …
Royal Bank of Scotland boss Stephen Hester today hailed progress in “removing mistakes of the past” as the lender prepares to repay the last of the emergency loans taken during the financial crisis.The taxpayer-backed bank said that by the end of next week it will have repaid the £75bn in loans it took from the UK government at the height of the financial crisis with a final £5.7bn .. more …
An ad from the conservative Americans for Prosperity distorts the truth about stimulus money for “green jobs ” going overseas. The ad, titled “Wasteful Spending,” introduces some new wrinkles to this well-used line of attack.According to the ad, the stimulus included: “$1.2 billion to a solar company that’s building a plant in Mexico.” Actually, the loans were to finance a solar ranch built and .. more …
Student loan debt has reached about $870 billion, exceeding credit cards and auto loans, and balances are expected to continue climbing, the Federal Reserve Bank of New York said last month. In February, the National Association of Consumer Bankruptcy Attorneys referred to a “student loan ‘debt bomb’” and wondered if it was shaping up to become “America’s next mortgage-style economic crisis.” Such .. more …
The average annual tuition and board at a four-year public, in-state school is $17,131, while a four-year private school costs $38,589, according to the College Board, a nonprofit organization that tracks college costs.Few families can afford to pay their child’s tuition out of pocket, and grants and scholarships rarely cover the entire cost. So, many students or their parents take out student .. more …
The average annual tuition and board at a four-year public, in-state school is $17,131, while a four-year private school costs $38,589, according to the College Board, a nonprofit organization that tracks college costs.Few families can afford to pay their child’s tuition out of pocket, and grants and scholarships rarely cover the entire cost. So, many students or their parents take out student .. more …
Submitted by Gu?nter Leitold Will bond investors and savers have to hold forced government loans at some point in the future? Numerous governments of developed countries are likely to fail when trying to liquidate their large debt burdens in an orderly way. Japan, for example, steadily widened its debt load over the past 22 years and thereby constructed the largest bankruptcy waiting to happen. .. more …
Quincy Community Action Programs (QCAP) is hosting a workshop for first time homebuyers.The workshops will be two days, and will focus on all aspects of the homebuying process.Information about various government loans, credit and budgeting, mortgage processes, legal aspects of home homeownership, lead paint laws and many other topics will be covered.Advice will be given directly from mortgage .. more …
Between the ages of 18 and 22, Jodi Romine took out $74,000 in student loans to help finance her business-management degree at Kent State University in Ohio. What seemed like a good investment will delay her career, her marriage and decision to have children.[More from WSJ.com: Which College Majors Pay Best? ]Ms. Romine’s $900-a-month loan payments eat up 60% of the paycheck she earns as a bank .. more …
