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User Info Student Loan 'Forgiveness'?; entered at 2022-05-01 11:42:57
Tickerguy
Posts: 186606
Registered: 2007-06-26
Meh @Evergreen.

Your "don't do anything that might force this to change and don't do anything to those who actively solicited fraud, that is, the so-called "students"" is flat-out BULLSHIT.

There is NO transaction in which you can borrow money, buy something and keep the something if you don't pay for it. The reason they can't repo most of what you buy on a credit card is that you likely ate, drank or already disposed of it. But if this is not true and you're sued and forced into bankruptcy for not paying, they sure as Hell will come and take every physical thing they can get their hands on that is not exempt, and very little (other than a primary residence in some states) is exempt.

Yes, the federalization of these loans was crooked bullshit and must stop. This doesn't change the fact that the "student" participated in the fraud and must NOT be allowed to throw that back on everyone else who did not, and further, must NOT be permitted to keep the ill-gotten gains.
2022-05-01 11:42:57