Global Economy Bursting?

[Randolph Kinney]

More California community colleges stop offering federal loans

http://www.pe.com/local-news/local-...nity-colleges-stop-offering-federal-loans.ece

A small but growing number of California community colleges have stopped participating in the federal loan program, cutting off these borrowing options for students out of fear that rising student loan default rates could lead to sanctions.

Some 16 colleges have stopped disbursing the loans, and at least one more school – Bakersfield College – is considering ending its participation in the program. That makes California home to more students without access to federal loans than any other state, according to data collected by the Institute for College Access and Success, an Oakland-based nonprofit.

Of the 1,200 students who borrowed using federal loans at Bakersfield College and started repaying them in 2009, some 28 percent defaulted on those loans within three years, according to district spokeswoman Amber Chiang.

That figure concerned trustees because colleges could lose access to federal grants and loans if that rate hits 30 percent for three years in a row beginning in 2014.

 

[Big ole Boy]

16 = 16 = 32 trillion - the FED

First Audit Results In The Federal Reserve’s Nearly 100 Year History Were Posted Today, They Are
http://beforeitsnews.com/economy/201...g-2449770.html
The list of institutions that received the most money from the Federal Reserve can be found on page 131of the GAO Audit and are as follows..

Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)
and many many more including banks in Belgium of all places

View the 266-page GAO audit of the Federal Reserve (July 21st, 2011):




I think what throws people off about 16 trillion is that the fed ALSO lent 16 trillion to banks which equals

32 TRILLION

...and thats only what we know of .....

...how is higher taxes going to help anything with this kind of largess?

...and now the FED is allowed to have an open-ended bond sale ........ that means an open check book

..... lets see .....

..... maybe bailout Morgan Stanley again ....

....buy Euro bonds in some underground way .... (no audit of the FED ... whose the wiser?)

....prop up stock markets around the world .... (who would know?) they do it through banks

.... Free market market is the notion that people want to be FREE ... not the shackles of a currency that a few people can manipulate for their own designs

 

[Big ole Boy]

other rises against nominal incomes .

The Shape Of 40 Years Of Inflation

http://www.forexpros.com/analysis/th...flation-134898


What about the rise in government fees and taxes?

What about that effect on nominal incomes?

It is not listed on that graph .....

...the government fee and tax metric is off the charts ....

... I just thought of it because I have renew my vehicle tag ......

 

[Randolph Kinney]

Student debt crisis enters a tipping point

http://www.mybudget360.com/student-...udent-debt-market-student-loan-default-rates/

The great deleveraging event continues to unwind while one sector of debt continues to grow by leaps and bounds. While other forms of debt have fallen by $1.6 trillion since the peak of the debt bubble mania, student loan debt has increased by a stunning $303 billion since the third quarter of 2008. What is more disturbing is the rising delinquencies seen in the student debt market that has now breached the $1 trillion barrier.

There is absolutely a bubble in higher education and how things unfold will carry a deep impact on the economy.

 

[Couch Potato]

Student debt crisis enters a tipping point

http://www.mybudget360.com/student-...udent-debt-market-student-loan-default-rates/

The great deleveraging event continues to unwind while one sector of debt continues to grow by leaps and bounds. While other forms of debt have fallen by $1.6 trillion since the peak of the debt bubble mania, student loan debt has increased by a stunning $303 billion since the third quarter of 2008. What is more disturbing is the rising delinquencies seen in the student debt market that has now breached the $1 trillion barrier.

There is absolutely a bubble in higher education and how things unfold will carry a deep impact on the economy.

I'd like to also see lines on that graph for public universities, scholarships from endowments, and real earnings for 25-34 year old employees with no college. (A comparison of unemployment rates would be nice too.)

 

[Couch Potato]

First Audit Results In The Federal Reserve’s Nearly 100 Year History Were Posted Today, They Are
http://beforeitsnews.com/economy/201...g-2449770.html
The list of institutions that received the most money from the Federal Reserve can be found on page 131of the GAO Audit and are as follows..

Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)
and many many more including banks in Belgium of all places

View the 266-page GAO audit of the Federal Reserve (July 21st, 2011):




I think what throws people off about 16 trillion is that the fed ALSO lent 16 trillion to banks which equals

32 TRILLION

...and thats only what we know of .....

...how is higher taxes going to help anything with this kind of largess?

...and now the FED is allowed to have an open-ended bond sale ........ that means an open check book

..... lets see .....

..... maybe bailout Morgan Stanley again ....

....buy Euro bonds in some underground way .... (no audit of the FED ... whose the wiser?)

....prop up stock markets around the world .... (who would know?) they do it through banks

.... Free market market is the notion that people want to be FREE ... not the shackles of a currency that a few people can manipulate for their own designs

Do you understand what that notation, "not term adjusted" means to the above data? :new_all_coholic:

You do realize one must subtract the amount paid back to calculate the outstanding debt, don't you?

 

[Randolph Kinney]

I'd like to also see lines on that graph for public universities, scholarships from endowments, and real earnings for 25-34 year old employees with no college. (A comparison of unemployment rates would be nice too.)

Couch, how about you doing the search?

The point of the posting is the increasing defaults on student debt and how fast student loan debt is growing and the total amount of student debt.

The fact that earnings have been declining and are flat for bachelor degreed people (only up to 2008) and unemployment is also high for recent college graduates translates into more defaults.

The other article points out what is happening as the default rate hits 30%:

A small but growing number of California community colleges have stopped participating in the federal loan program, cutting off these borrowing options for students out of fear that rising student loan default rates could lead to sanctions.

Of the 1,200 students who borrowed using federal loans at Bakersfield College and started repaying them in 2009, some 28 percent defaulted on those loans within three years, according to district spokeswoman Amber Chiang.

That figure concerned trustees because colleges could lose access to federal grants and loans if that rate hits 30 percent for three years in a row beginning in 2014.

 

[Big ole Boy]

32 trillion - FED

Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)
and many many more including banks in Belgium of all places


so the FED has 16 tril given to banks and another 16 tril in US government debt

thats 32 tril

right?

that 16 tril was paid back?

 

[Couch Potato]

Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)
and many many more including banks in Belgium of all places


so the FED has 16 tril given to banks and another 16 tril in US government debt

thats 32 tril

right?

that 16 tril was paid back?

Take a good look at the graph on page 137 of the report.

 

[Terrel L. Shields]

Under TAF, approximately 65 percent of the loans were made to U.S. branches, agencies, and subsidiaries of foreign institutions. Federal Reserve Board officials told us that the use of the program by U.S. branches and agencies of foreign banks was expected because these institutions were facing liquidity strains in dollar funding markets.​

They have so much of our dollars, if we didn't prop them up the dollar would collapse... is that what I am reading into this?​