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[–] matthew-- 0 points 1 point 1 point (+1|-0) ago (edited ago)
The reason so many are Leftist or that they support leftism is because of these loans.
If the loans were able to be discharged through bankruptcy, students would:
A) not support a whackjob like (((Bernard Sanders))) in return for simply abolishing their student loans.
B) not be able to find funding for retarded uni courses that go nowhere like feminist dance therapy in the first place.
There needs to be an option to declare bankruptcy or the loan is essentially risk free. And if the loan is risk free, then it cannot accrue interest at any rate greater than inflation.
My only concern is that after this is done, the federal reserve will simply buy up all the bad debt like they did with the 2008 GFC, rather than let the financial institutions take the loss like they damn well should.
[–] 12003127? ago
B only happens if the government doesn't force banks to give those loans and guarantee them
[–] matthew-- ago
You're right.
The bank's do own the politicians though. So I don't think the government can force them to do anything. If they do, it's only by promising to cover the bill when it fucks up. This is why to this day the federal reserve is buying trillions of bad mortgage loans (2008 GFC).
[–] HarlandKornfeld14 ago
The idea that amnestying student loans will cause students to become conservatives is like the idea that amnestying illegal immigrants will make them into conservatives, imho.
[–] matthew-- 0 points 2 points 2 points (+2|-0) ago
You're not amnestying them. You're allowing them the option of bankruptcy, which already exists for pretty much every single other type of debt in the world.
Bankruptcy is not amnesty.
You can't compare it to illegal aliens, but if you did, it would be that they could be amnestied but have no access to any forms of welfare or government assistance for 10 years. And they couldn't bring anyone else with them, and if they leave they can't come back. And any new immigrants also can't have welfare for 10 years.
If you want to solve the problem of illegals, all you have to do is remove the welfare and government handouts. See how many stay when they don't get free housing and food.