Where does Biden think he has the authority to tell a bank “You can’t collect on a loan- we ‘forgave’ it”
Who makes the bank whole? Is someone else (taxpayers) going to repay the bank? Or do they just take the loss?
Must be that these people get checks that “we” give them, and they use it to pay their debt. So we pay, banks get their money, the thievery continues.
Banks don’t do student loans any more. The Feds took over the program after the 2008 financial crisis. Obviously, the Feds cannot forgive private loans. They are forgiving the Federal Loans.