Oh dear, what are the banks, fund managers, hedge barons and stockholders going to do now? Create artificial turnips to bleed?
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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?
Alternative title: student loan delinquencies reverse, nearing the previous decade mean? It's just that the intervention policy has been dropped.
archive: https://archive.is/0dNiR
Print money to bail them out
It is starting.
I think most student loans are drawn straight from the feds now.
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.
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.