‘Big Short’ investor Michael Burry tweets about the impact student loan debt cancellations could have on the U.S.
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I’m excited partnering with Maskoffaid they got me out of my mess
I’m excited partnering with Maskoffaid they got me out of my mess
Colleges accepting Federal funds for students' education should get federally audited yearly. If it's found that anything less than 100% of the Federal loan money is actually going towards education that school should be forced to pay back the full value of the loan for students. That should help put tuition rates, the multimillion dollar yearly bonuses for higher level faculty, and building of stadiums in check.
Cuando se rescataron los bancos todos pagamos porque no con los estudiantes?
Lo que tienen que hacer es revisar cada caso individualmente.
What does it hurt to have some student loan debt be forgiven. Almost all of those students loans were to excessive to begin with. Where was the institutions credit policy advisors to make sure they were getting a good loan to begin with.
In 2008 Wall Street got bailed out with taxpayer money. At least people who went and got degrees serve the economy unlike Wall Street.
80% of student loans are distressed.
It only took 20% of mortgage loans being distressed to cause the 2008 financial crisis.
The reason there's a student loan that problem to begin with is because the cost of college is too high comparison to the wages paid by businesses.
Either the cost of college needs to decrease or businesses need to pay more for the intellectual property in the former labor they're receiving.
Michael Burry has become a prostitute of ominous messaging
Abolish student dept and government loans. Stop government loans for school. Tuition will drop quickly.
And he is right!
Earth shattering. Sounds like common sense to me.
I want a refund if this happens!!
In 1993 The Federal Government took over Student Loans with The Student Loan Reform Act that officially implemented the Direct Lending program. Under this program, the Government can directly lend to student loan borrowers, instead of through a private institution which was the only student loan source since1965 , this has shown that Anything you allow Government to touch turns to 💩
Yes, but the students had no control of what the government and colleges did to students which had already committed to studying for a profession. So the only ones who need to be held responsible are the students? President Biden's approach is wrong, but Congress needs to fix this, including providing relief to millions of students caught in an financial situation of which they had little control.
I no longer feel financially, physically, mentally, or medically safe in the USA anymore. I have absolutely NO trust or beliefs in my once safe country. Biden & his goon administration has destroyed belief that my government will protect me. American citizens are on their own, our government is no longer for or by the people. Biden is completely ignoring our Constitution. I'm sure Biden has never read The Constitution.
This will also effectively increase inflation and interest rates. Those people with the debt forgiven will increase spending on goods and services with their newfound room in their monthly budgets. This will drive up inflation. On the other side, the government will need to sell more debt to pay for this forgiveness. This will tend to drive interest rates higher.
All this at a time when the federal reserve is already cranking up rates to fight inflation rates that the nation hasn't seen since Jimmy Carter…
Who took on the debt?
Those idiots went to school to get the money period they need to pay it back
I couldn't afford to go to college and I didn't but what I did do is started my own business and have been in business 31 years now you want me to pay for somebody else's college education does anybody give me any money for being a hard-working successful citizen. my father was an alcoholic my mother was burdened with the task of providing for for children what do I get out of this? Maybe the alcohol and the Cannabis industry and tobacco industry should pay for a college education for the kids that these industries have ruined their lives like my 15 year old niece whose father recently died of lung cancer from smoking who's going to pay for her College me and then I would still have to pay for someone else's
Fox says don't bail out students, send those billions to Ukraine instead….
Car loan forgiveness
In 2008 , crazy.
My parents made me go to a tech school 24,000
This insanity has to stop! This administration has to go. It this passes we in the US are done. TRUMP24🇺🇸
🎣🖤😎
I’ll tell you who’s to blame the parents and the colleges who push these go no we’re degrees.these kids made mistakes,so start with the colleges and the parents first
Bring back being able to discharge it in bankruptcy and cut the interest rates down from 8% to 4% problem solved
Biden is trying to BUY votes
You borrow it, you pay for it!😊
Taking out loans to be indoctrinated was never a good idea to begin with.
Put back bankruptcy protections.
Let's Go Brandon! More likker money.
Yet more molly codeling for the little kiddies n yet again taxpayers foot the bill!!
Why should I pay YOUR debts? Are you going to pay mine?
Dont charge them no no no! They will need the money to buy mansions , ..cabins , sports cars and top escort females
Look up SLABS…. Then tell me exactly why they can’t bail out students. It’s all Wall Street play money.
They’ll only get $10,000 anyway. Trillions of dollars from tax payers though.
God help us all Patriots under this horrible Administration !