Fannie Mae-No Politics (FNMA)

[Donotunderstand]

I am not for cancelling debt

I am for a better system going forward

And for some form of % of income payments per month - set in advance and in tiered fashion

And frankly - I have thought that if the students have their debt forgiven the GOV would pay that debt or say at least 80 cents on the dollar

For sure if its wiped out as if it never existed and the banks take the full hit --- it is not workable

But we have seen Banks walk right back into junk bonds and horrible risky ventures after TARP bailed them out --- so loans (at higher interest or GOV subsidized interest) would be back in say 2 years if there is money to be made and promotions on success and bonuses

they are all inches from being Wells Fargo