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Economy

Warpy

(111,260 posts)

1. All that debt is being laundered into "investment instruments."

Reply to bronxiteforever (Original post)

Thu Jan 16, 2020, 05:40 PM

Jan 2020

Meet the new crash, just like the old crash.

When they shovel wealth to the already rich and unlimited credit to everybody else to compensate for the loss, crashes are inevitable. The problem is that nobody has ever been able to nail the timing down all that well.

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Highlight:

Student loan debt is over $1.6 trillion and hardly anyone is paying down their loans (CNBC) [View all] bronxiteforever Jan 2020 OP

All that debt is being laundered into "investment instruments." Warpy Jan 2020 #1

It's because of compounded interest. Farmer-Rick Jan 2020 #2

As I recall the federal student loan program was part of the ACA legislation MichMan Jan 2020 #3

I sure would like a link to that -- I read the book on the ACA progree Jan 2020 #4

+1000 exactly. Right wing talking point. bronxiteforever Jan 2020 #5