by Andrew Moran | Dec 10, 2018 | Articles, Business News, Economic Affairs News, Taxes
Subprime lending was one of the chief instruments that brought down the U.S. economy a decade ago. Too many with low incomes, bad credit, and few assets borrowed more than they could afford to buy that dream house, which was then used as an ATM to fund lavish...
by Andrew Moran | May 24, 2018 | Economic Affairs News
The automobile market is booming, as the sector recently experienced its strongest sales in six months. Despite car manufacturers thriving from cheap debt, the auto loan market is in a dangerous place right now, with total debt surpassing $1 trillion this year thanks...
by Andrew Moran | May 23, 2018 | Economic Affairs News, Narrated News
On Tuesday, the House approved the biggest rollback of the banking regulations instituted in response to the 2008 financial crisis. The repeal, which passed 258-159, with 33 Democrats lending their support, will now go to President Donald Trump’s desk and he tweeted...
by Andrew Moran | Nov 18, 2017 | Economic Affairs News
Is it time to party like it’s 2006 all over again? The stock market is surging, subprime borrowers are getting into massive levels of debt, the Republicans are controlling the Congress, a sitting president is compared to Adolf Hitler, and the housing market is...