Nobel Laureate and “Banker to the Poor” Muhammad Yunus on Micro-Lending, Its Critics and the Bush Administration’s Negative Impact on Global Poverty Muhammad Yunus won the 2006 Nobel Peace Prize for pioneering a microcredit program that helps hundreds of thousands of impoverished Bangladeshis—mostly women—by providing small unsecured loans, which are then repaid. He is author [...]
pakistan’s collapsing economy is a result of trying to copy india.pakistan must realize india is a future power and entering in a arms race with india will signal its doom
McCain tried to regulate the market. Dodd fought the regulation and Obama fought, sometimes in court, to force banks to make MORE sub-prime loans.
is there a downside to microfinance? Critics say it might help entrepreneurship, but it does not help with basic education and healthcare where people need it. Does microcredit spiral borrowers further into debt? What happens when people cannot repay their loans? And why is a country such as Bangladesh, which has a high microcredit penetration [...]
Warren discusses Tarp extension, Obama jobs program and gives a disturbing prediction of the death of America’s middle class. On Morning Joe. Copyright MSNBC 2009 TARP jobs plan creation unemployment small business consumers commercial credit economic collapse credit cards savings housing subprime loans AIG Goldman Sachs Lehman Brothers Bear Stearns Ron Paul Congressional Oversight panel [...]
Vikram Akula, founder and CEO of SKS Microfinance, launched the company in 1998 to offer small loans to very poor borrowers. Some 10 years later, SKS has become India’s fastest growing microfinance institution (MFI), with more than two million borrowers. In the next two years, Akula would like SKS Microfinance, whose backers include venture capitalists [...]
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Unrest and anger – that’s how the Greeks have welcomed biting new government cut backs – just voted in by the country’s parliament. The new bill will dramatically slash pensions, put a freeze on public sector pay and hike taxes. The austerity measures are a pre-condition for 110 billion euros in international loans to save [...]
Sep 1998The IMF was created at the end of WWII to oversee exchange rates and to offer countries loans through tough cash flow crises. Today the IMF has adopted a far more significant role and has become the financial policeman of the world, bullying and begging countries to institute harsh economic policies in order that [...]
[Part 3] Sallie Mae is the largest student loan company. We look at a 60 Minutes report on Sallie Mae and how Sallie Mae, with the help of government, makes a lot of money off of student borrowers.