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.
EU Hints Greek Bondholders May Get Stung With Sharper Losses
By Marlene Y. SatterThose 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.
September 21, 2011
Why You Should Care About the Greek CrisisGreek default fears are starting to infect Germany and its banks, which have significant holdings of Greek sovereign debt. And the infection is spreading to the U.S. because of close connections between U.S. and German banks.
September 19, 2011
Roadmap for the Coming Greek DefaultAn acclaimed fund manager says the history of sovereign defaults in Argentina, Uruguay, Russia and other countries provides a clear outline of the financial crisis that appears about to unfold, and the associated choices involved.
September 15, 2011
Sidestepping Income Tax When a Policy Is Canceled With Outstanding LoansInsolvent insureds can avoid income tax when a life insurance policy is terminated while loans are outstanding.
September 14, 2011
Greece Urged to Walk Away From DebtMario Blejer, who managed Argentinas central bank after the country defaulted on its sovereign debt, said Tuesday that Greece should also walk away from its bills.He said it was the only way for Greece to stop its economy from deteriorating further.
September 08, 2011
China, Japan Facing Downgrade of Debt Rating: FitchChina and Japan may see their credit ratings lowered within the next two years, Fitch Ratings said Thursday, thanks to the debt carried by its banks as the result of efforts to overcome the 2008 financial crisis.
September 02, 2011
PIMCO’s Gross: ‘Almost Suicidal’ to Focus on Debt Instead of GrowthGovernments should be focusing on creating growth rather than reducing debt, PIMCOs Bill Gross said Friday. To [focus on reducing debt] right now is almost suicidal, he said in an interview on Bloomberg Radio.
September 01, 2011
Deferred LiabilityAmerican national debt held steady, in the $2-3 trillion range, for three decades until the early 1980s. It began to rise rapidly at that point, dipping briefly when it reached the $7 trillion mark in the late 1990s and then taking off in earnest after 2000.