Billions of dollars' worth of predatory student loans may... just... vanish

Private student loans are the worst of a bad bunch, with incredibly high interest rates and penalties on funds used to finance educations at the kinds of "universities" who later get their accreditations yanked for academic malpractice and deceptive advertising -- universities that target the most naive kids from the least educated backgrounds, load them up with debt, waste four years of their lives, and pop them out the door with a useless "degree."

Read the rest

Leaked doc shows Trump Treasury pick presided over the "widespread" theft of Americans' homes

Steve Mnuchin, Trump's pick for Secretary of Treasury, has a checkered past (he once foreclosed on a 90 year old customer who was $0.27 short on her mortgage payment) but a leaked memo from the California attorney general's Consumer Law Section reports that Mnuchin's leadership of Onewest Bank involved "widespread misconduct" in foreclosing on Californians, through which the bank was able to fraudulently confiscate their customers' homes. Read the rest