Putting Consumer Debt Into a Bigger Perpsective

by | Feb 21, 2011 | Towing

Before the Great Recession, U.S. consumer debt had risen fairly steadily for more than a decade. With the downturn, it finally dropped…until December’s small rise. However, a longer look at the trend of ever-rising debt shows…

Pimco Planning $1 Billion Fund to Buy Past-Due Debt

by | Nov 19, 2010 | Towing

Pacific Investment Management Co., the manager of the world’s largest bond fund, plans to launch a fund worth at least $1 billion to buy distressed loans from banks.

The fund will buy up past-due debt including commercial and residential mortgage loan…