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also "subprime financial products bundled together and resold as low-risk investments to massive institutions" combined with "moral hazard" of said institutio
by gillianlish 10y ago
also "subprime financial products bundled together and resold as low-risk investments to massive institutions" combined with "moral hazard" of said institutions knowing they will be bailed out again by the taxpayers when the speculative bubble bursts.
also Student Debt cannot be forgiven in bankruptcy so you essentially have an entire generation of indentured servants who will never actually own property outright.
- idiot_stick 10y ago>also Student Debt cannot be forgiven in bankruptcy so you essentially have an entire generation of indentured servants who will never actually own property outright. This is an issue, but can vanish with the stroke of a pen.
- vwcx 10y agoA pen being wielded by a man with no desire, or knowledge, or forethought, to do so.
- pm90 10y agoYou are forgetting that if large enough section of the population is wronged/backed into a corner, they are going to protest/rise/riot. It certainly seems to be heading that way...I would be seriously worried if I were one of these student loan companies that are giving loans to people with no prospect of getting paid back.
- twoodfin 10y agoStudent loans are now almost entirely held by the taxpayer.