The USDA failed to follow its own guidance for a rural mortgage program, taking years to foreclose on delinquent loans.
As a result, 55 Maine borrowers racked up, on average, $110,000 in additional debt before the agency moved to take the homes.
https://www.propublica.org/article/usda-maine-foreclosures-rural-homeowners?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post
Debt bankers and investors are bracing for what is shaping up to be the next big trend in the global credit market: Japan Inc. raising billions abroad, with a string of recent megadeals setting the tone. https://www.japantimes.co.jp/business/2025/07/17/companies/japan-firms-credit-sales-overseas/?utm_medium=Social&utm_source=mastodon #business #companies #debt #bonds #ntt #softbank #nissan #japaneseeconomy
Two key ingredients were in less abundance at a once-a-decade U.N. development finance conference in Seville, Spain this year: money and power. https://www.japantimes.co.jp/news/2025/07/04/world/politics/un-development-event-small-audience/?utm_medium=Social&utm_source=mastodon #worldnews #politics #un #development #debt #climatechange
Andrewism: It's Time To Abolish Debt
"Let's take a critical look at Graeber’s exploration of debt and its role in shaping our world so that we can challenge our approach to debt, overcome the current crisis, and pursue a revolutionary reimagining of the economy as a whole."
Japan’s tax revenues hit a record of around ¥75.2 trillion in the fiscal year ended March, but the windfall still left questions over how Prime Minister Shigeru Ishiba will fund his cash handouts. https://www.japantimes.co.jp/business/2025/07/02/economy/japan-record-tax-revenues/?utm_medium=Social&utm_source=mastodon #business #economy #japaneseeconomy #taxes #debt #shigeruishiba
“Tucked into the Senate GOP reconciliation bill is a🚨$5 TRILLION increase in the debt limit.
Full text of Senate BBB weighs in at 940 pages:”
-J Dupree
Democracy dies in darkness.
#BBB#Debt#Congress#Republicans#Deceit#DebtLimit#Austerity#Medicaid#Budget#TrumpRegime#Lies#USPol
https://www.budget.senate.gov/imo/media/doc/the_one_big_beautiful_bill_act.pdf
More than a dozen borrowers told the Tennessee Lookout and ProPublica that Advance Financial encouraged them to borrow more money after making minimum payments.
The lender went on to sue them once they couldn’t pay back the loan.
https://www.propublica.org/article/flex-lenders-reborrow?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post
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