I bet there will be a HARP type program rolled out for these poor students who happily took out these loans (in a lot of fields that have no value) and now can't get that high paying liberal arts position.
I mean it's not their fault is it?
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Get the hell out of the stock market
- Thread starter ugafanatic1980
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I bet there will be a HARP type program rolled out for these poor students who happily took out these loans (in a lot of fields that have no value) and now can't get that high paying liberal arts position.
I mean it's not their fault is it?
there are two threads tat kinda detail this
the economic collapse thread, and the silver thread lol
the economic collapse thread, and the silver thread lol
you mean TARP?
ya, the higher education bubble and the affordable care act are pretty much nails in the economic coffin
couple that with 8 years of the obama admin trying to murder USA energy and things aint looking to good
Dollar cost averaging; keep buying all the way down, it will come back.
No. I thought it was HARP - the home owners assistance refi thing? TARP was for the banks. HARP was for the under water homeowners (a lot of who are prob now drowning in student debt!)
Maybe I have my acronyms fubared.
You are correct. But a student loan bailout would resemble TARP, because the US G just backed the loans it was debt servicers and banks which technically carry them on their books. So the Gub'ment (the Fed) would "buy" the bad student loans, and the borrows will just recieve a notice that both their debt and credit are trashed.
Unless it doesn't.
Unless it doesn't.
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no no, you are right. all fall under the same bull**** as they are all tax payer funded bailouts
https://en.wikipedia.org/wiki/Tulip_mania
replace the tulips with fiat equity (aka confidence that the corporate debt will be satisfied) and you will have the same thing
Over 100 US Corporations defaulted on their debt in 2015, a record.
