Credit bubble a-burstin': wave of bankruptcies sweeps subprime car-lenders

Credit bubble a-burstin': wave of bankruptcies sweeps subprime car-lenders

The subprime car-lending business — charging exorbitant charges for car-loans to individuals least suited to afford them, enforced by orwellian technologies, obscuring the danger by spinning the debt into high-risk/high-yield bonds — is collapsing. The three most outstanding lenders within the subprime auto sector shut down spectacularly and abruptly by bankruptcies and fraud […]

To solve America's housing crisis, build public housing

To remedy America's housing disaster, construct public housing

You know what works higher than giving tax-credits to property builders, or mandating a number of poor-door accessible reasonably priced housing models in a brand new luxurious excessive rise? Just constructing reasonably priced housing on public land that is publicly managed. Cities already personal big swathes of non-park actual property, and might borrow […]