…gone from the major suppliers of credit at the heart of the financial system to just another supplier of credit, maybe accounting for a quarter to 20% instead of 60%…

It’s really hard to kill this meme. Note the label on this graph from today’s Free Exchange post: Now change that heading to read “Business borrowing.” Sort of gives a…

…Mortgage Rule and empowering the use of the Equal Credit Opportunity Act’s Special Purpose Credit Programs. It started during 2019 creating important opportunities for people of all backgrounds to fairly access…

…se a bad idea. I mean other than just saying we can’t afford it. I give the writer of this editorial credit for saying upfront and explicitly that $15 trillion…

…this theme. And note they don’t even have to explain the reference directly, this one went viral in a big way. So who gets credit? Early contenders are Digby of…

…in private-label securities. These securities included subprime loans, which were extended to people with thin or weak credit histories, as well as exotic loans such as adjustable-rate mortgages known as…

…“spend1” data is simply shifted up one year, meaning that the parties controlling the Senate, House, and Presidency get “credit” (or blame) for changes that happen a year later. Ditto…

…leaders in the tax bill that President Bush signed today will prevent millions of minimum-wage families from receiving the increased child credit that is in the measure, say Congressional officials…

…stress tests. This was done under the guise of being called, (cough-cough, clearing my throat) community banks or The Community (Bank) Hustle as the Intercept would label it. You would…

…Self-serve will occur after normal business hours. It is a bold step for a country which is somewhat conservative in its business practices. All items will be paid by credit…