Feb. 5th, 2008

frustratedpilot: (Default)
Remember me saying that the predatory lenders who fomented the mortage crisis have moved on? Well, it appears they are also hitting student loans. One of the biggest flight schools in America just filed for bankruptcy liquidation because (at least in part) their students were being shut out of tuition credit.

Any industry that depends on credit to keep themself going is likely to be hit hard in the coming months. The rot is much deeper and in more places than people realize.

Profile

frustratedpilot: (Default)
Stephen R Bierce

March 2022

S M T W T F S
   1 2 3 4 5
6 7 8 9 1011 12
13 14 1516171819
20212223242526
2728 293031  

Most Popular Tags

Style Credit

Expand Cut Tags

No cut tags
Page generated Jul. 9th, 2025 11:27 pm
Powered by Dreamwidth Studios