View Single Post
Old 10-25-2011, 02:19 PM  
TheSquealer
BANNED
 
TheSquealer's Avatar
 
Industry Role:
Join Date: Oct 2004
Location: In Your Head
Posts: 25,153
Seems people don't understand what is happening. The student loans are the next housing bubble and its about to pop. They are packaged and sold in a similar manner as mortgage backed securities were. Student loans are backed by the federal government already and defaults are rising rapidly... that's currently over 1 trillion dollars floating out there in the hands of lazy, hapless retards with a growing sense of entitlement. When investors stop buying the loans because they no longer have faith in their value, this creates a very serious problem.
__________________
.
Yes, fewer illegal immigrants working equates to more job opportunities for American citizens.

Rochard
TheSquealer is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote