Student Loan Debt
How advisors can help clients understand the burden of student loan debt and the best ways to reduce, eliminate or manage the debt load.
October 17, 2011
G20 to EU: Crisis Must Be Fixed This WeekA meeting of G20 nations concluded on Saturday with an ultimatum to the European Union: fix the simmering debt crisis in one week. The 'or else' implied in the ultimatum is a complete meltdown of the global economy, worse than that which followed the Lehman collapse.
October 17, 2011
Banks Push Back Against Greek Debt CutsEuropean banks are pushing back against a plan for write-downs of Greek debt that would be great then than the 21% already agreed upon.
October 13, 2011
Suze Orman is Wrong, but About What?Suze doesnt hold any insurance licenses nor is she a licensed investment advisor; but you do and possibly you are. Is it appropriate advice to tell your clients to walk on their debt, and is that ethical or morally correct advice?
October 13, 2011
FINRA Dismisses Lehman Case Against Former EmployeeIn an arbitration case decided Tuesday, FINRA decided against Lehman Brothers, which sought to recover $259,084.12 from a former employee, Jennifer Lorenc Mitchell.
October 11, 2011
Greek Debt Writedown May Top 60%A debt crisis summit meeting of European leaders scheduled for October 18 was pushed back to October 23 amid a disagreement about the amount of Greek debt to be written down.
October 07, 2011
Consumer borrowing dropped $9.5 billion in AugustConsumers slashed their borrowing in August by the most in 16 months. The drop suggests many worried about taking on new debt while the economy slumped and the stock market fluctuated wildly.
October 07, 2011
Consumer borrowing dropped $9.5 billion in AugustConsumers slashed their borrowing in August by the most in 16 months. The drop suggests many worried about taking on new debt while the economy slumped and the stock market fluctuated wildly.
October 05, 2011
In Breakup, Dexia May Cost All BanksLess than three months after Dexia SA, the French-Belgian bank, passed its European Union stress tests, it may be on the blockthe chopping block.
October 05, 2011
Moody’s Slices Italy's Credit RatingItaly got hammered Tuesday by Moodys, which lowered the countrys credit rating from Aa2 to A2, with a negative outlook, citing weak growth as the reason.
October 04, 2011
EU Hints Greek Bondholders May Get Stung With Sharper LossesThose institutions and investors holding large quantities of Greek bonds may be in for bigger losses than an originally agreed-upon deal provided for, according to hints from European finance ministers who met Monday to discuss Europes ongoing debt crisis.