To: artichokegrower
Keep looking.
Its not there.
He has zero legal power to cancel loan contracts of banks and private individuals.
He is not king.
He is not even the president.
Cheater in Thief.
2 posted on
04/01/2021 4:30:58 PM PDT by
Secret Agent Man
(Gone Galt; Not Averse to Going Bronson.)
To: Secret Agent Man
He has zero legal power to cancel loan contracts of banks and private individuals Actually, the Obama administration consolidated and centralized the student loan business under the federal government. "Stroke of a pen."
7 posted on
04/01/2021 4:32:08 PM PDT by
rarestia
(Repeal the 17th Amendment and ratify Article the First to give the power back to the people!)
To: Secret Agent Man
Don’t underestimate him. He’s got the media, the courts, federal agencies and the congress backing him. He’s got carte blanche.
We are no longer a nation of laws. We are ruled by fiat.
To: Secret Agent Man
FedGov owns the paper for many student loans now. Obamacare did that to use the interest payments to help subsidize the costs of health care.
14 posted on
04/01/2021 4:36:16 PM PDT by
31R1O
To: Secret Agent Man
He does have authority to use his personal wealth to pay on loans
19 posted on
04/01/2021 4:39:07 PM PDT by
Josa
To: Secret Agent Man
The student loans in question were extended by the government. In fact, since 2010, almost all federal student loans are actually extended by the government...there is no bank in the picture.
This is why he thinks he can do it.
23 posted on
04/01/2021 4:40:40 PM PDT by
billakay
To: Secret Agent Man
He might be able to if a court can be convinced that the contracts were made under fraudulent circumstances.
41 posted on
04/01/2021 4:52:56 PM PDT by
semaj
(Death to Traitors)
To: Secret Agent Man
“He has zero legal power to cancel loan contracts of banks and private individuals.”
And Obummer had zero legal authority to take over GM and throw out the bondholders claims, either.
54 posted on
04/01/2021 6:07:54 PM PDT by
Blood of Tyrants
(“Unlimited power in the hands of limited people always leads to cruelty.” ― Aleksandr Solzhenitsyn,)
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