Former Federal Deposit Insurance Corp. Chairman Sheila Bair talks about financial regulation and U.S. banks’ exposure to an increase in interest rates. Bair, now a senior adviser to the Pew Charitable TrustsHere is a direct link.
Rick Santelli looks at how record leverage is driving a ‘grand rotation’ out of all asset classes and into cash.
Here is a direct link.
More than 38 million Americans have student loan debt, totaling nearly $1 trillion–a staggering number that has quadrupled in 10 years and keeps rising. Student loan debt now surpasses credit card and auto loan debt in America, and interest rates are set to double July 1 from 3.4 to 6.8%. Rates can soar all they like, but those with insufficient employment and income to repay the loans at 3.4% never will at 6.8%.
Cory’s Chart Corner
