Banks and Finance

Credit crunch hurting student loans

April 23, 2008 - Over the last two decades, government grants for college have been increasingly replaced by loans. While a big boon to banks and lenders, the privatization of student aid has put those wanting to go to college in an increasingly precarious position.

Tax Day by the Numbers

April 15, 2008 - For each dollar of U.S. federal income tax paid in 2007, amount spent on the military: 43 cents On health care: 20 cents On responses to poverty: 12 cents On education and jobs: 3 cents On diplomacy and foreign aid: 1 cent A major corporation's chance of being audited in 1990: 3 in 4

Brokers bad for your (subprime) financial health?

April 9, 2008 - In an example of the kind of pace-setting research that has made them the most useful resource on the subprime lending crisis, the Center for Responsible Lending released an important report today (pdf) on the role brokers play in loans to borrowers with lowe

Black America is in a permanent recession

March 6, 2008 - Pundits are working themselves into a dither about whether the U.S. is or isn't officially "in a recession." But for at least one segment of the country, the question is settled: African-Americans are deep in recession, and have been for a while.

What to do when state finances turn gloomy

February 19, 2008 - Homeowners and credit card consumers aren't the only ones drowning in debt. A new analysis by the Center for Budget and Policy Priorities warns that 20 states are facing a combined budget shortfall of $35 billion in 2009, and eight more are expected to have problems.

Tennessee leads the nation in bankruptcy

By R. Neal
January 31, 2008 - According to a new report by the National Bankruptcy Research Center, Tennessee, Georgia, and Alabama have the top three highest bankruptcy rates in the nation. Arkansas, Mississippi, and Kentucky round out the top ten.