Forbes: Biden Could Pause Student Loans Forever 🤔 - The Great Awakening

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Forbes: Biden Could Pause Student Loans Forever 🤔 (media.greatawakening.win)

posted 2 years ago by lsdQ 2 years ago by lsdQ +16 / -0

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– sadicantuserealname 2 points 2 years ago +2 / -0

They can’t risk mass default because the owed debt had been massively over leveraged by wallstreet. Just like how wallstreet was over leveraged on mortgage backed securities prior to 2008. This time it’s SLABS - student loan asset backed securities. Highly rated securities because they are fully backed by the US government and by law (legally can’t declare bankruptcy…) same securities rating agencies that were giving out fraudulent ratings prior to 2008 btw.

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