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U.S. Debt a National Security Issue

“The biggest threat we have to our national security is our debt…the interest on our debt is $571 billion in 2012 and that’s notionally about the size of the Defense Department budget. It’s not sustainable.”—

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U.S. Debt a National Security Issue

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Gartner: ‘Technical debt’ will reach $1 trillion in five years

The idea that software acquires a “technical debt” that is paid in real dollars is getting new attention and research. The National Science Foundation approved a $465,000 research grant last year on technical debt, and Gartner has just released its study on this subject, which it calls “IT debt.”

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Gartner: ‘Technical debt’ will reach $1 trillion in five years

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Ford, Dealers Say Credit Access Helping Recovery in Auto Sales

New-vehicle buyers are having an easier time getting credit, signaling U.S. auto sales may continue to accelerate after last month reaching the fastest pace since the government’s “cash for clunkers” program.

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Ford, Dealers Say Credit Access Helping Recovery in Auto Sales

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Credit score need a boost?

Even after all the foreclosures and job losses, Detroit is still, surprisingly, pretty close to average when it comes to credit scoring. Metro Detroit’s average score is 745, just below the national average of 749, according to the VantageScore system released by Experian, a global services information company.

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Credit score need a boost?

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Securitization used to fix toxic credit unions

Credit unions have $50 billion of toxic asset-backed securities weighing them down. The solution: Resecuritize them with backing from the U.S. government.

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Securitization used to fix toxic credit unions

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Regulators Seize Credit Entities

The three entities, known as wholesale credit unions and located in Connecticut, Illinois and Texas, were seized by regulators from the National Credit Union Administration.

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Regulators Seize Credit Entities

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Debt collector spills the beans on NAB

Overblown threats of legal action, deliberate misinformation and phone harassment were tactics employed by a debt collection agency contracted to National Australia Bank, according to an industry insider.

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Debt collector spills the beans on NAB

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Debt collector reveals harassment techniques

Overblown threats of legal action, deliberate misinformation and phone harassment were used by a debt collection agency contracted to National Australia Bank.

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Debt collector reveals harassment techniques

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Credit Union Regulator Cites 2 Local Execs in Amended Lawsuit

The National Credit Union Administration, the main regulatory agency to the nation’s 8,000 credit unions, filed an amended lawsuit against 15 former officers and directors, including two top San Diego executives, for their alleged role in the failure of Western Corporate Federal Credit Union.

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Credit Union Regulator Cites 2 Local Execs in Amended Lawsuit

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CANADA FX DEBT-C$ trades sideways ahead of BoC rate decision

CANADA FX DEBT-C$ trades sideways ahead of BoC rate decision

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CANADA FX DEBT-C$ trades sideways ahead of BoC rate decision

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