China’s banks may be loaded up with hidden bad loans
[ad_1] When jinzhou bank, in north-eastern China, showed signs of distress at the start of the year, state media suggested that a billionaire named Li Hejun might be behind its problems. Mr Li, a solar-panel tycoon, was once China’s richest man. His firm was known to have tight links to the bank. And it was […]
Can We Stop Bleeding the Taxpayers to Cover Unpaid Student Loans?
[ad_1] In one of the nation’s greatest blunders, we (that is, our representatives in Congress) decided to subsidize higher education with easy-to-get loans for anyone who wanted to give college a try. The total of student loan debt is $1.7 trillion; some of the debtors can’t pay back what they owe, and our “compassionate” political […]