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Government Watchdog Says No Exit Plan in Sight For Huge Parts of the Bailouts

The government bought up a whole lot of stuff with TARP. So now the government owns a whole lot of stuff that it doesn't really want to own.

Christy Romero, special investigator general for the Troubled Asset Relief ProgramTARP is one of the big bailouts you remember from 2008, in which the government bought up a bunch of stuff with the goal of stabilizing the financial sector—gave an interview worth reading to MarketWatch, in which she addressed the headline-making plans for the U.S. Treasury to sell off more than half of its interest in insurance giant, AIG, then moved on to discussing other aspects of TARP.

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On Track for $1 Trillion: Student Loan Debt Greater Than Credit Card Debt

For the first time in history Americans owe more on their student loans than on their credit cards. That's going to make growing up hard.


Last June, for the first time in history, Americans owed more on their student loans, a record $833 billion, than on their credit cards, $826.5 billion. The amount owed on student loans increases at a rate of about $2,853.88 per second, meaning we're on track for total student debt to cross the $1 trillion mark sometime this year.

According to Mark Kantrowitz, publisher of FinAid.org and Fastweb.com, this increasing student debt has long term, macroeconomic implications for our society. He told NPR's Marketplace that the amount of money students owe—on average, $24,000—is usually repaid over a 20-year time frame, which means

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English Soccer Fans Are Revolting

As England's best soccer teams face crippling debt, its fans have come up with some surprising ways to liven up the game-their own...

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