US Consumer Delinquencies Jump
Delinquency rates on loans ranging from mortgages to credit cards rose to 4.8% of all outstanding US household debt in the fourth quarter, the highest level since 2017, driven by higher defaults among low-income and young borrowers.
While the overall share of loans in some stage of default is near pre-pandemic averages, the rise in delinquencies among the lowest earners adds to evidence of an increasingly bifurcated economy, data from the Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit released Tuesday showed. (Bloomberg)
BREAKING: Nancy Pelosi and her husband appear to have used unreported $28 million in Covid pandemic grants to make their personal investments in a hotel profit, per RealClearInvestigations.
The two of its investors in the Auberge du Soleil, a five-star hillside hotel and spa.
The Auberge du Soleil investment, held for decades by Paul Pelosi, has rarely turned a significant profit, until 2021.
Then, Pelosi’s private holdings, such as the Auberge du Soleil resort, received upwards of $28 million in pandemic-related taxpayer funds, including the PPP, the COVID-19 Economic Injury Disaster Loan, and a special grant program for restaurants.
For example, the Restaurant Revitalization Fund, one of the additional programs launched by the new round of pandemic spending, provided $5 million to the Auberge du Soleil in June 2021.
The first PPP loan, awarded the previous year, provided $2.9 million – helping the Pelosis earn millions on an investment that has rarely turned a significant profit, according to Nancy’s ethics disclosures.
This is unusual.
@PFTCommenter@BarstoolBigCat@PardonMyTake I am 20 from Chicagoland with a family of all Bears fans. I am the lone Colts fan, and would do anything to go to this game. Idk if the prompt to win was said but I would do anything to win this week, it would mean the world to me
@PFTCommenter@BarstoolBigCat@PardonMyTake I am 20 from Chicagoland with a family of all Bears fans. I am the lone Colts fan, and would do anything to go to this game. Idk if the prompt to win was said but I would do anything to win this week, it would mean the world to me
Tomorrow I’m going to continue the $1,000 to $1,000.000 account challenge for 2024 ☢️
I’m going to retire dozens in 2024 and will change lives 🙌
Like & Comment “1K” to get accepted❤️
CREATING A NEW STOCK GROUP CHAT! ADDING 100 FOLLOWERS TO MY NEW STOCK GROUPCHAT 📚⚡️
WHO NEEDS PERSONAL ACCESS TO MY FREE TRADING GROUP CHAT? $SPY
COMMENT & RT TO ENTER ❤️ $SPX