Business

US Marshals in Houston have begun arresting students who have failed to pay back their student loans.  Former student Paul Aker has confirmed that he was arrested last week in his home for failing to pay back a $1500 federal student loan he received in 1987. Fox26houston.com reports: He says seven deputy US Marshals showed up at his home with guns and took him to federal court where he had to sign a payment plan for the 29-year-old school loan. Congressman Gene Green says the federal government is now using private debt collectors to go after those who owe student loans.

Presented with no comment.. but a big sigh...

h/t The Burning Platform

Submitted by California State Assemblyman Mike Gatto

Electing the next head of the Federal Reserve

The large and eclectic field of presidential contenders is in full-out campaign-promise mode, as voters demand positions on everything from ISIS to ethanol.  With the economy so fragile, now might be a good time to seek commitments on who our next president will appoint to the Federal Reserve, and statements on what the proper role of the Fed should be.

Having opened his position in AAPL in Q3 2013, Carl Icahn's projections, prognostications, and positioning have all lent credence (for CNBC watchers) to buying into the "no brainer" stock. However, it appears the plunge in the stock of the last few months has taken the shine of Icahn's glee as, according to his fund's latest 13F, he dumped 7 million shares (or aound 14% of his position) in Q4 2015. In addition, Greenlight's David Einhorn dumped 44% of his holding in Tim Cook's releveraging firm.

It began here in August 2013...

Submitted by Henry Hewitt via OilPrice.com,

After Peak Debt Comes Deflation

Paper money, ‘the Heaven-sent leaf’, is nothing new, but it has not always been held in high regard nor previously attained its unquestioned position as the lubricant of trade, financial markets and the road to wealth.