"So when she studies the Greek balance sheet and demands measures she knows may mean women won't have access to a midwife when they give birth, and patients won't get life-saving drugs, and the elderly will die alone for lack of care – does she block all of that out and just look at the sums?" [more inside]
posted by marienbad on May 27, 2012 - 80 comments

Albrecht Ritschl (web site / papers) of the London School of Economics says Germans should remember their status as postwar debtors when offering advice to Greece.
posted by - on Jun 25, 2011 - 20 comments

Dave Ramsey - a syndicated radio host, author and revival-style seminar leader leads a Christian-themed, tough love crusade to convince Americans to cut up their credit cards and renounce debt forever. His detractors say our impulses, not our debt, are the problem.
posted by l33tpolicywonk on Mar 15, 2011 - 84 comments

Debt collectors call him a credit terrorist. “Cunningham beats the debt collectors at their own game. He turns their money-making practice into a financial liability. He is a regular guy who has become a radical enemy of the banking system.” [more inside]
posted by Kadin2048 on Jan 26, 2010 - 113 comments

According to the latest biweekly numbers released last Thursday by the Federal Reserve, for the two weeks that ended January 16th American banks had negative $1.3 billion in non-borrowed reserves. This is, historically, extremely unusual; just two months ago they had $30 billion (positive, of course) in non-borrowed reserves. The only reason some banks haven't been shut due to insufficient -- negative! -- reserve requirements is that the Federal Reserve is currently loaning them enough money through the brand new TAF (Term Auction Facility) program (also running in Canada and Europe) to make up their shortfalls. Today's TAF press release says that 52 American banks or institutions are currently receiving loans totaling ~$40 billion -- but the Fed refuses to name who they are. [more inside]
posted by Asparagirl on Jan 29, 2008 - 162 comments