CreditSlips

Comment Spam Fail

12/10/12

Every morning, I go through the list of comments and unpublish all the comment spam. Typically, the comment spam tries to engage with the blog content in what I can only suppose is an attempt to not look like spam. In this morning's comment queue was this gem that I had to share, purporting to be from "Best Financial Blog":

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What I Love about Kiva.org

12/08/12

Kiva.org is the on-line microlending network that
allows anyone to lend $25 or more to individual low-income borrowers around the
world for micro-enterprise and housing.  
Kiva is an entirely different way of thinking about credit and financial
intermediation.

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Many Thanks to Amy Schmitz

12/07/12

On behalf of everyone at Credit Slips, I want to thank Professor Amy Schmitz for joining us as a guest blogger. Her posts included the song Fine Print Foils lamenting the legal traps laid for everyday households in many a consumer contract.

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The Last U.S. Bankruptcy Filing -- October 11, 2018

12/07/12

Downward TrendAfter some fancy computing, it appears the last U.S. bankruptcy filing will occur on October 11, 2018.

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Student-Loan Collections Could Be Subject to Drastic Overhaul

12/05/12

Bloomberg reports that Congress will consider overhauling debt collection in the $100 billion-a-year U.S. student loan program, replacing it with automatic withdrawals from borrowers’ paychecks tied to their income -- a system similar to those sued in the U.K., New Zealand and Australia.

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Debt Collection Goes Hollywood with Brad Pitt as Director

12/04/12

At long last, debt collection goes Hollywood! Brad Pitt's productio company Plan B and HBO are developing what looks like a new TV series called "Paper," a drama inspired by Jake Halpern's essay "Pay Up" featured in the New Yorker.

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No Foreclosure for the Holidays?

12/03/12

Fannie and Freddie are reportedly enacting a voluntary foreclosure moratorium for the holidays. Much obliged guv'nor! 

I've got a beef with this foreclosure moratorium. It captures everything that is wrong with how the GSEs and FHFA have handled foreclosures.

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Right of Publicity as an Asset in Bankruptcy?

11/30/12

A quick post to announce that intellectual property scholar Jennifer Rothman has just published an article that engages with the bankruptcy treatment of the "right of publicity." Painting with the broadest brush, the piece questions the alienability of an identity-holder's right of publicity more generally, and concludes creditors should no

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Where Are the Foreclosures?

11/29/12

Bloomberg has a story Foreclosure Wave Averted as Doomsayers Defied. I think it's a great example of defining deviancy downward. There's no question that we haven't seen a foreclosure tsunami in the wake of the federal-state servicing fraud settlement. But there was little reason to expect one and let's not lose sight of the big picture--foreclosure levels are still incredibly high. 

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