Securities based on the student loans Navient owns are eligible for purchase through a Fed rescue program. Already $218 million has been scooped up.
bailouts
Posted inCoronavirus
Unsanitized: How the Federal Reserve’s Thumb is on the Bailout Scale
Also, updates on Social Security and debt collectors. This is The COVID-19 Daily Report for July 24, 2020.
Posted inEconomic Policy
The Airline Bailout Is the CARES Act’s Biggest Debacle
Forget the PPP outrage. We’re paying the airlines billions to actively spread coronavirus.
Posted inCoronavirus
Unsanitized: The Federal Reserve Can End the State Fiscal Crisis Today
With Congress inert, the Fed can solve the economy’s biggest looming threat. This is The COVID-19 Daily Report for June 12, 2020.
Posted inCoronavirus
Unsanitized: The Case of the Missing Bailout Oversight Panel Chair
Looks like nobody wanted any oversight to begin with. This is The COVID-19 Daily Report for June 11, 2020.
Posted inCoronavirus
Unsanitized: BlackRock Is Buyer and Seller
Plus, the problem with reopening. This is The COVID-19 Daily Report for May 30, 2020.
Posted inCoronavirus
The Tragic Bipartisan War on Public Education
Coronavirus fallout could end public schooling as we know it.
Posted inCoronavirus
Two Options for Crisis Response for Workers
Progressives have offered two big ideas: enhanced unemployment, or government-funded payrolls. Which makes more sense? A Prospect debate.
Posted inCoronavirus
A Way to Help Workers, Now and in the Future
During the pandemic, worker health and bargaining power are the top economic priorities. Boosting unemployment serves both goals.
Posted inTAP
The Real Villain in Bankruptcies: Private Equity
Today on TAP: Companies destroyed by predators, not the pandemic
