Congress has removed nearly every consumer protection from student loans, including bankruptcy protections, statutes of limitations and truth in lending requirements.
Sarah Jaffe, Mike Konczal, David Graeber, Astra Taylor, Brian Kalkbrenner, N+1 Magazine. May 8, 2012.
David Graeber, Mike Konczal, Sarah Jaffe and Brian Kalkbrenner discuss debt--what it is, why we're drowning in it, why it's a political issue. Moderated by Astra Taylor.
The financial fraudsters, the One Percenters, fleece the most vulnerable -- military families, minorities, low-income people -- to generate their fast riches.
In an urgent bid to create jobs and raise money to pay off debts, the village council of Rasquera will hold a vote to rent out a field for growing cannabis.
Manissa McCleave Maharawal, AlterNet. March 13, 2012.
Occupy changed over the winter from outdoor camps to internal work and debates. But that laid the groundwork for a very big spring. Here's what to expect.
If Goldman Sachs is a vampire squid, as Matt Taibbi so aptly named it, then hedge funds are like piranhas or sharks, eager to strip the financial carcass to the bone.
Unless we act now, the current $1 trillion student debt bubble is going to look small in 18 years—and the only ones able to go to college will be the children of the 1%.
Kristin Rawls, Killing the Buddha. December 19, 2011.
From an evangelical home to over $100,000 in student loans and healthcare debt, one writer faces the ways in which even progressive Christianity comes up short.
Michael Hudson, Michael Hudson's blog. December 19, 2011.
Wages and living standards are to be scaled back and political power shifted from elected government to technocrats governing on behalf of big banks and financial institutions.
Michael Hudson, Michael Hudson's blog. December 6, 2011.
Recent debt protests from Iceland to Greece and Spain suggest that creditors are shifting their support away from democracies and crushing national self-determination.
I am aware of the total lack of consumer protection associated with student debt. But I took a long, hard look at the numbers, and I realized that I am already a slave.
The whole future shape of Europe must be resolved in a week or so. It’s a high-stakes game of poker that the Germans are determined to win--at the expense of misery for many.
What does it mean to stop cooperating with the banks? Some activists, organizers, and technologists think the answer might be mass refusal to pay debts.
