hogwash

Reader comment on: Student Loan Bankruptcy Forgiveness

Submitted by Dorothy (United States), Jul 20, 2012 11:21

Student loans are guaranteed by the Feds anyway... lenders have NO risk and make more on defaulted loans, in collusion with the DoE.

The ENTIRE hit goes to taxpayers, including predatory capitalizing, compounding interest, fees, and charges AT THE BEHEST OF LENDERS who WROTE the legislation.

BECAUSE the lenders 'donated' the removal of ALL bankruptcy protections, virtually ALL consumer protections, and LEGALIZED an order of payment that does NOT require ANY amount of the payment be applied to the principal, LENDERS have guaranteed a non-deflatable 'bubble' that is more of a neutron bomb.

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Other reader comments on this item

Title By Date
A real stupid idea [157 words]Fast EddieJul 21, 2012 10:38
Private Student Loans should be dischargeable. [33 words]NewYorkerJul 20, 2012 19:04
↔ Take it to the next level [66 words]BobAug 8, 2012 04:02
Being drained dry [24 words]PennyJul 20, 2012 18:24
It's a start [45 words]DanielJul 20, 2012 14:03
Take away bankruptcy for ALL or implement it for ALL [36 words]Joan FrisinaBowlesJul 20, 2012 13:04
⇒ hogwash [93 words]DorothyJul 20, 2012 11:21
It makse sense! [156 words]FelipeJul 20, 2012 11:09
Let's do it [10 words]ChristinaJul 20, 2012 10:29

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