April 1, 2009
Yesterday evening, on MPR’s Marketplace, John Dimsdale reported on private equity firms that may buy up bad debts under the government’s economic recovery plan. In the report, he referred to the business of servicing bad credit card debts as “collecting payments from deadbeat borrowers.” Here is the segment: /* With unemployment at its highest in [...]
Read the full article →
February 9, 2007
I was listening to MPR this morning–that’s Minnesota Public Radio for you non-Minnesotans–when Cathy Wurzer made the above comment. I laughed out lout and spilled my tea. Banks are surprised that their loose lending and nonexistent oversight of brokers has led to a high default rate? I mean, who would have thought that if you [...]
Read the full article →
