Some bankruptcy judges recognize that the typical application of the "undue hardship" for discharging student debt is too stringent and are finding wriggle room.
Normally risky credits like junk bonds are the first to react when the Fed starts tightening. But we are not in normal times.
Why the current fights over money, banking, and Modern Monetary Theory look like new ways to achieve bad neoliberal ends.
The legendary short seller Jim Chanos in a wide-ranging discussion of financial frauds, starting with cryptocurrencies: Bitcoin is the last thing he’d want to own in the event of a catastrophe.
Congress has failed to use Congressional Review Act procedures to scupper the payday lending rule. Pending CFPB and court challenges may still doom the measure.
By Don Quijones, Spain, UK, & Mexico, editor at Wolf Street. Originally published at Wolf Street. Economic history appears to be rhyming once again in Latin America. Perennial credit-basket-case Argentina was one of the first countries to suffer a major currency crisis this century. Now, its government has asked the IMF for a brand-new bailout. […]
Are Canada's mutual-assistance-based financial groups a guide for how minority and disadvantaged groups can escape the tax of overpriced bank services like check cashing?
Why debt is the great threat to modern China’s development.
Michael Hudson debunks the talking points used to sell the just-passed bank deregulation bill.
Who are the bagholders in the Remington bankruptcy?
Central banks are under more and more pressure to respond to public dissatisfaction with their stewardship. Is that such a bad thing?
Sadly, reactive regulations don't have a great track record.
How the ECB did Euro-area member states a dirty when it tried to act as deficit enforcer.
The financial services industry is about to get even more unnecessary, risk-feeding breaks, thanks in no small measure to Democrats.
The false narrative that made personal bankruptcy law so hellish
Collateralized loan obligations and other risky corporate credit assets are trading at tight risk spreads despite stock market upheaval. What gives?
A detailed and well-argued explanation of how the growth in the role of financial markets has become destructive.
How the wealthy use deficit scaremongering to keep wages down and stave off calls for more investment and social spending.
Chinese banks have become major foreign lenders, making China the eighth biggest financial center in the world.