"Let me say just one thing.
Student loans are a liability to the borrowing student but an asset to those who hold the loan, the lender.
Many of these loans have been syndicated into Sally Mae bonds and sold to investors.
By Obama changing the terms of the loan, the loan holders/bond holders have been screwed.
This a default and the value of those loans/bonds will plummet. Just like when people started defaulting on sub-prime loans. The world markets tanked as investors stopped buying mortgage backed loans.
This will happen to student backed loans and liquidity will dry up. Fewer student loans, now that the POTUS can unilaterally change the terms post-issue.
Obama will destroy student lending. Dumb-*ss or evil-*ss? We report. You decide."
7 posted on Wednesday, October 26, 2011 6:24:28 PM by April Lexington
The whole idea of this administration is to ruin the country, one step at a time. Put them all together and you will see the real story. He should be impeached.