The Chinese ‘Debt Trap’ Is A Myth

By Deborah Brautigam and Meg Rithmire, The Atlantic. -

China, we are told, inveigles poorer countries into taking out loan after loan to build expensive infrastructure that they can’t afford and that will yield few benefits, all with the end goal of [...]

Farm Loan Delinquencies Surge In U.S. Election Battleground Wisconsin

By Jason Lange and P.J. Huffstutter, -

WASHINGTON/CHICAGO (Reuters) - Farm loan delinquencies rose to a record high in June at Wisconsin’s community banks, data showed on Thursday, a sign President Donald Trump’s trade conflicts with [...]

Argentina’s New $50 Billion IMF Loan Is Designed To Replay Its 2001 Crisis

By Sharmini Peries, -

For several months now. Argentines have been taking to the streets to protest against neoliberal austerity measures of President Mauricio Macri. The most recent such protest took place on July 9 [...]

US Bank Declares End To Oil And Gas Pipeline Loans

By Sharon Kelly, -

For months, the bank had been under fire for financing the Dakota Access pipeline by providing over a quarter billion dollars worth of funding to its builder, Energy Transfer Partners (ETP). [...]

How California Can Save $10 Billion On A $9 Billion Loan

By Ellen Brown, -

By Ellen Brown for The Web of Debt Blog - School districts are notoriously short of funding -- so short that some California districts have succumbed to Capital Appreciation Bonds that will cost [...]

How The Payday Loan Industry Is Obstructing Reform

By Michael J. Sainato, -

By Michael J. Sainato for Counter Punch - In June 2016, the Consumer Financial Protection Bureau proposed new guidelines to protect consumers from payday loan traps. These traps help perpetuate [...]

Colleges Flush With Cash Saddle Poorest Students With Debt

By Annie Waldman and Sisi Wei, -

By Annie Waldman and Sisi Wei in ProPublica - A ProPublica analysis based on new data from the U.S. Department of Education shows that students from low-income families graduate from NYU saddled [...]

Obama To Reward Loan Company Accused Of Cheating Troops

By Shahien Nasiripour , -

The Obama administration plans to reward Navient Corp, the student loan specialist formerly owned by Sallie Mae, with new business some three months after federal prosecutors accused the company [...]