Thursday, February 28, 2013
Student Debt Nearly Tripled In 8 Years, New York Federal Reserve Reports
Don't forget that since you can't discharge Student Loan Debt through bankruptcy it is a Secured Debt ... which means Wall Street takes it, securitizes it, slices it up into derivatives, and re-invests it in the Market the same way it did with sub prime mortgages. In fact, it is pretty obvious that Student Loans have replaced sub prime mortgages for this purpose.
Remember the key rule of Wall Street fraud ... one crashing bubble must be replaced with a new bubble.
Read the Article at HuffingtonPost
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