Replies to post #648641 on Fannie Mae-No Politics (FNMA)

[trojmn]

higher ed system is wacked out. IMO its BECAUSE of the federal loan system that its the way it is and costs are out of control. Someone is paying for the debt. I already paid mine off, Wheres my refund?

similarly bailing out local/state gov by fiscally sound states the answer for them

[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

[Louie_Louie]

Absolutely! Any type of forgiveness teaches the wrong values lesson EVERYONE MUST LEARN. Biden is bending over for Cina already also. The communist country that killed so many already via distributed virus. Someone please tell me again why they elected him?