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.
Bowles, Simpson Warning: Deficit Committee Must Cut More Than $1.2 Trillion
By Melanie WaddellThe two co-chairmen of the National Commission on Fiscal Responsibility and Reform warned lawmakers on Tuesday that any deal to reduce the federal budget deficit by no more than $1.2 trillion would merely delay the nations fiscal problems.
October 28, 2011
Greek Rating Likely Stays "Junk" after DealGreece's credit grade will remain low, probably still in "junk" status, even after its debt load is cut as part of a European plan to fight the financial crisis, Fitch ratings agency said Friday.
October 28, 2011
Greek Rating Likely Stays "Junk" after DealGreece's credit grade will remain low, probably still in "junk" status, even after its debt load is cut as part of a European plan to fight the financial crisis, Fitch ratings agency said Friday.
October 27, 2011
Freddie Mac CEO and 3 Chairmen to ResignFreddie Mac CEO Charles E. "Ed" Haldeman Jr. will resign within the next year, according to the government regulator that oversees the mortgage giant.
October 27, 2011
The 50% Solution: Greek RescueThe solution entails a 50% write-down of Greek debt by banks, a boost in the euro zones rescue fund to $1.4 trillion and a substantial recapitalization of banks.
October 26, 2011
European Union Banks to Raise Capital Buffers by JuneEuropean governments will force their largest banks to quickly increase their cushions of capital to ride out market turmoil brought on by the debt crisis, officials said Wednesday.
October 25, 2011
European Banks, EU Squabble Over $55B in Greek Write-downsEurozone taxpayers could be on the hook for more than $55 billion if banks are compelled to take hefty write-downs on Greek debta measure banks are fighting even as officials try to convince them to accept massive cuts voluntarily.
October 25, 2011
Trichet’s Swan Song: Calls for New Eurozone Finance MinistryFinal speech by outgoing European Central Bank president met with protests, boos.