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Oh dear, what are the banks, fund managers, hedge barons and stockholders going to do now? Create artificial turnips to bleed?
I think most student loans are drawn straight from the feds now.
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A lot of private student loans are through banks, credit brokers and similar. They make up a good portion and will grow in number now that the feds have capped student loan amounts on "non-professional" degrees.
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69 sats \ 0 replies \ @optimism 7h
Alternative title: student loan delinquencies reverse, nearing the previous decade mean? It's just that the intervention policy has been dropped.
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21 sats \ 1 reply \ @spiderman 6h
Print money to bail them out
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It is starting.
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Sign of coming deeper recession in confidence, spending, housing, etc.
In tough times or anticipated tough times the first payment one stops making is student loans.
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