[DuncanWaring]

Jubilation all around?

Not from those whose assets, as the other side of someone’s debt, were wiped-out.

[Chickensoup]

No, the elite and other school endowments.

[HiTech RedNeck]

How does an uncollectable debt constitute an asset?

At some point the attempts to collect turn into a joke.

To have learned to stop being in the business of special government guaranteed loans that rise above the ordinary loan risk environment and against the nature of humanity as created will be freeing.