A new report indicates that unpaid student loan debt exceeds $1 trillion. The amount of student loans taken out last year exceeded $100 billion. [Read more…]
Mariners owner in huge debt
The Seattle Times has a report on the Seattle Mariners key minority owner Chris Larson and his mounting debt. Court papers in his divorce show that Larson, a minority owner holding over 30% of the baseball team, lived a lavish lifestyle but the recent downturn in the economy has hurt his finances. [Read more…]