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?
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.
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.
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.