Collateralized debt obligation

Critique of Student Debt and the Next Bailout Thesis: The author discussed there being a widespread agreement between the Republican and Democratic parties that the student loan industry is heading towards a massive default. This article was very well written and contained ample information regarding the student loan market and the possibility of future government involvement. The author made his point by giving precise evidence. The quality of his work was outstanding and both sides of the…

Working a summer job that paid eight dollars at the time, 25 hours per week my junior year, I was fully convinced I couldn't afford the total expenses of my senior prom. As expensive as it was, my parents who try really hard to make ends meet offered to pay for some of the expenses. However, it was about $1200 to $1500 including tickets, dresses, shoes pictures, food Etc. Which is rather expensive especially, if it was only for one night. Imagine spending $1500 in one day; working all summer…

Meta: Many Americans understand the rules pertaining to having a 401K retirement account. What seems to confuse them are the rules and regulations related to making withdrawals. As Americans became overly reliant on Social Security in the 1960s and 70s, it became clear they needed incentives to motivate them to save for their future. With this in mind, the IRS, under the direction of Congress, devised an employer sponsored savings plan called a 401K. This plan allowed employees to invest their…

Age? Considering how similar the 1870’s were to the 1980’s, calling the 1980’s a second Gilded Age could be reasonable. The 70’s and the 80’s were both times of excessive spending. Money was spent in different ways, but it sent the economy into major debt in both periods of time. In the 70’s, “the country enjoyed abundant natural resources, a growing supply of labor, an expanding market for manufactured goods, and the availability of capital investment” (Foner, 557). On the other hand, in the…

Pennies Do we really need pennies? Are they worth all the extra money we spend on them? I don’t think they are. I think we should get rid of the pennies. Although pennies may add- up they are a waste of money. You can’t really buy anything for just one cent anymore. In my opinion it’s “Dull-witted”. Pennies cost more than what their worth. This has been a problem for many years. I honestly think that pennies are worthless. Pennies cost us about 600 million dollars a year (at the most).…

Imagine going to football practice and getting your team uniforms. All stained with green, and holes in the jersey, and the worn out pads. This could all have been solved if your school asked kids to pay a small fee for every extracurricular activity you participate in. Some people say paying for sports in unacceptable, while the majority of others think paying for sports is good. Kids should pay to play sports because, they use the money to upgrade the equipment for athletes, and the fees that…

I believe I would benefit from the John Wagner scholarship opportunity, because I simply do not have the money to pay out of pocket. Semester after semester I have been trying to work while going to school to raise enough money to support my education. I did have financial aid but it was never enough to cover my entire tuition balance due to living out of district. After most semesters ended I was stuck gathering money to pay a balance I truly did not have the money for. Sometime after that I…

Section 3 The financial crisis of 2008 jolted the structure of the economy and affected numerous sectors. These crises occurred because of numerous reasons that stacked up and created a horrendous long-term impact for the overall economy. The financial crisis cost appears to be $5 trillion to $15 trillion. The stock markets fell miserably after this demise, and strategists were unable to control this demise. Several players played their roles in this demise, and players like banks, firms,…

Three Signs to Look for When Buying Vacant Land Investing in a vacant land seems very daunting in Georgia as you aren’t sure about its profitable investment. But, many of you don’t know that vacant land is one of the perfect places to invest on. There is an entirely different story for understanding it. For an inexperienced land investor, it looks like a gambling, but for an experienced, it is an always a money-making investment. So, if you are looking for investing in land, you must be…

3 Things to Consider When Comparing Renters Insurance Renting an apartment or a home prevents is a great option if you aren’t ready to purchase a home yet. You don’t have to worry about maintaining your lawn or making in-home repairs, which can add up over time. However, even though you live in an apartment, you still have to protect your items by purchasing renters insurance. If you don’t have any already, then you should consider these questions before you purchase insurance. Is the Policy…