Tag: income limits

Monopolies Cause Inflation, While Fed Chairman Powell Blames Workers

Tina Marie (Ms. Cat)

As American monopolies fix prices higher and higher, the Federal Reserve bizarrely has concluded that employment is to blame for inflation. For months, Fed chairman Jerome Powell has increased interest rates in the hopes of throwing workers out in the street and thus supposedly reducing prices. While I’m sure that corporate, donor-bought congressmembers appreciate his struggles in the class war against the poor and middle class, it’s all a crock.

Monopolies Cause Inflation, While Fed Chairman Powell Blames Workers

Biden administration scales back student debt relief for millions amid legal concerns

Tina Marie (Ms. Cat)

Biden administration scales back student debt relief for millions amid legal concerns

But there are significant business interests that depend on the federally guaranteed loan program — a wide range of private lenders, banks, guaranty agencies, loan servicers and investors. That industry is widely seen, both inside and outside the administration, as presenting the greatest legal risk to the debt relief program.

Many of those companies face economic losses when they lose borrowers who convert their federally guaranteed loans into new loans that are made directly by the Education Department through a process known as consolidation.

Can’t afford to lose those campaign donations!