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Mark, Todd, and Zola came to law school to change the world, to make it a better place. But now, as third-year students, these close friends realize they have been duped. They all borrowed heavily to attend a third-tier, for-profit law school so mediocre that its graduates rarely pass the bar exam, let alone get good jobs. And when they learn that their school is one of a chain owned by a shady New York hedge-fund operator who also happens to own...
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Two years before the housing market collapsed in 2008, Donald Trump looked forward to a crash: "I sort of hope that happens because then people like me would go in and buy," he said. But our future president wasn't alone. While millions of Americans suffered financial loss, tycoons pounced to heartlessly seize thousands of homes--their profiteering made even easier because, as prize-winning investigative reporter Aaron Glantz reveals in Homewreckers,...
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"Underwater is a fresh perspective on the financial crisis that shows how it is still reverberating more than a decade later, casting doubt on the notion that homeownership is crucial to the American dream and inspiring a massive bet by the country's richest real-estate investors that it's not. In a dispassionate, yet deeply personal story that zips between Wall Street and Main Street-or, to be more precise, Audubon Drive in Alabama. Ryan Dezember...
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With a staggering 1.8 trillion dollars in student loan debt, the average American household owes {dollar}39,000, affecting minorities and only expanding the racial gap even wider. A significant percentage of these people have paid their debt by now. Still, it’s the penalties, the uncontrolled interest, and the predatory behaviors of loan companies that keep piling upon them. Are the current efforts from the government enough to make a change?
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