As lenders stretch to find ways to lend more money and boost interest income in a time of rising funding costs, and as borrowers continue to overextend themselves, risky unsecured personal loans are soaring in popularity.
In Friday's edition of #MeToo in addition to Les Moonves we have a second entrant: Mel Watt, the regulator of insolvent mortgage giants Fannie Mae and Freddie Mac, is under investigation for alleged sexual harassment of an employee.
Lenders are extending longer loan terms that are more prone to default, to consumers who are taking on the most debt since the "recovery" started. Don't worry - it's not "sub-prime", it's "near prime".
After ramping the last few weeks, GE's share price is tumbling back below $15 this morning following remarks from CEO John Glannery that GE expects the market for heavy duty gas power turbines to remain weak through 2020.