“T.A.R.P has and will cripple the U.S. economy. Forgiving student loans will do even more damage. I do not favor the present system of higher education funding. Adding another trillion to the U.S. debt is insanity.”
Too late. TARP is done. Yes, it was and is very damaging.
The trillion in student loans is already there. We’re already hosed!!! Don’t you see? Which is better? maintaining a bad debt or discharging it in bankruptcy.
The trillion in student loans is already there. We’re already hosed!!! Don’t you see? Which is better? maintaining a bad debt or discharging it in bankruptcy.
Don’t know. I guess if were headed to Greece territory we might as well go full in and get it over with. This will only hurt everybody and not help the students. There won’t be any T.A.R.P for this bubble. Don’t forget interest rates are set to cover costs and delequincies. Student loans being garanteed and not elligible for bankruptcy allowed for low interest rates. Also banks might carry high volume of these loans to offset other losses. Retro-actively changing the eligibility of student loans for bankruptcy will have dire consequences on the lending institutions. I would be more inclined to changing future student loans for eligibility to dishcharge into bankruptcy. This would allow lending institions to charge higher interest rates and to take a more active roll in the granting of the loans.
The trillion in student loans is already there. We’re already hosed!!! Don’t you see? Which is better? maintaining a bad debt or discharging it in bankruptcy.
Don’t know. I guess if were headed to Greece territory we might as well go full in and get it over with. This will only hurt everybody and not help the students. There won’t be any T.A.R.P for this bubble. Don’t forget interest rates are set to cover costs and delequincies. Student loans being garanteed and not elligible for bankruptcy allowed for low interest rates. Also banks might carry high volume of these loans to offset other losses. Retro-actively changing the eligibility of student loans for bankruptcy will have dire consequences on the lending institutions. I would be more inclined to changing future student loans for eligibility to dishcharge into bankruptcy. This would allow lending institions to charge higher interest rates and to take a more active roll in the granting of the loans.