Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 688.98

+0.5%

Jan 22 4:00 PM EST

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To: GROUND ZERO™ who wrote (23907)	8/21/2011 3:26:26 PM
From: Wayners	1 Recommendation Read Replies (1) of 222266

Wow that is huge except for one problem with regards to it hurting U.S. banks. The Federal Govt Guarantees all of those loans for the Banks, so the Banks don't lose a dime. The U.S. taxpayer, once again, has to pay up. The good news is you cannot declare bankruptcy to discharge unpaid student loans. The Feds will however take a loss while various collection agencies attempt to get the money one way or another through garnishment and judgements. Collection agencies will make a lot of money off of it.

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