For example, when student lenders were refusing to grant interest-rate reductions to people in the armed services who were entitled to them, the C.F.P.B. enlisted the Department of Justice and the Federal Deposit Insurance Corporation, which took actions that returned money to seventy-seven thousand service members.
Banks that had agreed to extend repayment on loans in earlier agreements were, on average, granted interest rates only slightly higher than those agreed to on Wednesday, so there is good reason for optimism about the new plan's broad adoption.
— JAMES GRANT, the editor of Grant's Interest Rate Observer and the author, most recently, of "Mr. Market Miscalculates" 1.
According to James Grant, the author of Grant's Interest Rate Observer, a newsletter, they rose from 31 cents to 31 cents.
But, argues James Grant, editor of Grant's Interest Rate Observer, a financial newsletter, that is exactly what should have been happening in recent years.
"There's a saying: there are no bad bonds, there are just bad prices," said Evan Lorenz, an analyst at Grant's Interest Rate Observer.
"Shiller has managed to pluck an emotional chord," said James Grant, publisher of Grant's Interest Rate Observer, himself a Wall Street pessimist whose fame has waned as stock prices have kept rising.
As James Grant, gold bug and publisher of Grant's Interest Rate Observer, a newsletter, points out, in recent years the huge glut of government debt has not stopped a sharp rise in its price.
Another suggestion came from James Grant, the editor of Grant's Interest Rate Observer, who noted that one reason Asian countries are in such trouble is that they borrowed dollars (getting lower interest rates) rather than their own currencies, which have since collapsed.
To paraphrase Dr. Evil in the "Austin Powers" movies: "How about 'no,' Scott?" Anyone who cares about this disaster would be extremely well advised — and I'd underline "extremely" as often as possible — to read a speech on the matter that was given on April 8 by a genius investor named David Einhorn at a Grant's Interest Rate Observer event.
