Sunday, May 21, 2017

Bill Introduced Allowing Cancellation Of Over $1 Trillion In Student Debt Through Bankruptcy

http://www.zerohedge.com/news/2017-05-21/bill-introduced-allowing-cancellation-over-1-trillion-student-debt-through-bankruptc

And since the government owns most of the student loans, it would basically be yet another taxpayers bailout for those who loaded up on debt and now are unable to repay it. Meanwhile, if massive amounts of debt were erased, it would be another bubble bursting, which would send the U.S. into a fresh round of economic instability.

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