This has been an oncoming train wreck for years. Surprised we're not hearing about Freddie Mac too.
Indigo
· 1 year ago
How interesting to learn that the expression "train wreck" is a technical term in government economic theory. What does Allen Greenspan and his long-gone mentor, Ayn Rand, have to say about "train wrecks"?
jr
· 1 year ago
"SCHIP is communism. Corporate Bailouts make Jesus proud"-Conservatives
OneManComotion
· 1 year ago
Education bailout??? I thought the economy was doing so well for the white collar kids?
mdb
· 1 year ago
Far be it from me to inject some reality into the hyperbole, BUT:
Because of the credit lock up, Sallie Mae can NO LONGER make a student loan for a profit. It costs more for them to borrow the money than the interest rate given to students.
Call it a bailout, call it whatever, but if you think student loans are a good thing then someone needs to step in and help.
Mark
· 9 months ago
How all these bailouts help the peoplethat owe the money to the corportations?
Virginia
· 9 months ago
As an American I don't mind paying my student loan off. But why should my family go without, at 8% interest payments, when billionaires are being made by underhanded legal means and nothing is being done about it. Either even the playing field or expect caos.
All Comments
Because of the credit lock up, Sallie Mae can NO LONGER make a student loan for a profit. It costs more for them to borrow the money than the interest rate given to students.
Call it a bailout, call it whatever, but if you think student loans are a good thing then someone needs to step in and help.