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Student Loan Bubble Update

worldlymrb

worldlymrb

Daddy
Think it's just the Stock/Bond Market in a bubble? Better think again!

EVERYTHING is in a BUBBLE

In Fact: You are living in the MOTHER OF ALL BUBBLES. (and it is global)

We have reached the beginning of the end of the great Keynesian Fraud, it is going to implode/bankrupt everything, destroy the U.S Dollar, destroy life savings, and kill millions.

Govt of course, wont let a good crisis go to waste and will deploy the Great Re-organization.

And it doesn't include you.

REF: Student Loan Bubble Update: "This Situation Is Simply Unsustainable"

awww.zerohedge.com_sites_default_files_images_user5_imageroot_2013_01_Subprime_0.jpg

01/29/2013

"The delinquency rate today on student loans that were originated from 2005-2007 is 12.4 percent. The comparable figure for student loans that were originated from 2010-2012 is 15.1 percent, representing an increase in the delinquency rate by nearly 22 percent....This situation is simply unsustainable and we’re already suffering the consequences,” said Dr. Andrew Jennings, FICO’s chief analytics officer and head of FICO Labs. “When wage growth is slow and jobs are not as plentiful as they once were, it is impossible for individuals to continue taking out ever-larger student loans without greatly increasing the risk of default. There is no way around that harsh reality.”
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forward
 
Maybe we should try to discourage students from getting degrees in fields like Medieval French Romantic Poetry, or Outdoor Recreation, and steer them towards the STEM fields, instead?
 
GordonGecko said:
About March-April this year...we are going to hit the FOURTH ANNIVERSARY of worldlyB's first prophecy of doom.

:)
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It's longer than that!

I was pleading w/everybody on Slate to join me in a bi-partisan effort to defeat G.Bush's TARP or else it would sow the seeds of disaster, but instead was laughed at because Obama/McCain were both rushing to D.C to vote for it.
 
worldlymrb said:
It's longer than that!

I was pleading w/everybody on Slate to join me in a bi-partisan effort to defeat G.Bush's TARP or else it would sow the seeds of disaster, but instead was laughed at because Obama/McCain were both rushing to D.C to vote for it.
Click to expand...

If it hadn't been for TARP, the Second Great Depression would have started in early 2009.

We know you were hankering for that, for some peculiar reason.
 
worldlymrb said:
It's longer than that!

I was pleading w/everybody on Slate to join me in a bi-partisan effort to defeat G.Bush's TARP or else it would sow the seeds of disaster, but instead was laughed at because Obama/McCain were both rushing to D.C to vote for it.
Click to expand...

TARP saved us from disaster.
 
LeRoy_Was_Here said:
Maybe we should try to discourage students from getting degrees in fields like Medieval French Romantic Poetry, or Outdoor Recreation, and steer them towards the STEM fields, instead?
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I think what you suggest is something that needs to be reformed. Big Education is now racket (like everything else), by selling children worthless degrees by offering predatory student loans that can reach six-figures.
 
GordonGecko said:
About March-April this year...we are going to hit the FOURTH ANNIVERSARY of worldlyB's first prophecy of doom.

:)
Click to expand...

True. Before that he was busy flag waving for Mr Bush's war in the wrong country, and cheering on the banksters and the look the other way regulators who set the stage for the boom/collapse he now decries.
 
We wouldn't have a student loan bubble had it not been for your heroes ,Mr Bush and the Tom DeLay congress, who "privatized" student loans in the name of competition, and thus created an entire industry for predatory lenders to prey on. The figures speak for themselves.

Worldy, you cheered for this. Now live with it.
 
LeRoy_Was_Here said:
If it hadn't been for TARP, the Second Great Depression would have started in early 2009.
Click to expand...

If it wasn't for TARP, banksters who caused the crisis would have gone bankrupt/jail, instead of receiving millions of dollars of bonuses.

Yeah, Americans would have had to PAY THE PRICE of Bankster/Govt collusion and fraud. At least we would be on the road to real recovery. INSTEAD THE FRAUD CONTINUES, the same banksters/govt officials (formerly public servants) who created the '08 crisis, are right back at it. Only this time, they're digging a hole tens times bigger!
 
TomFitz said:
We wouldn't have a student loan bubble had it not been for your heroes ,Mr Bush and the Tom DeLay congress, who "privatized" student loans in the name of competition, and thus created an entire industry for predatory lenders to prey on. The figures speak for themselves.

Worldy, you cheered for this. Now live with it.
Click to expand...

Student Loan Bubble is HAPPENING NOW! And it is the result of the Great Organizer NATIONALIZING the Student Loan Program.

When Bankers use to give out Student Loans, they wanted to make sure it could be PAID BACK!

Now that a Govt only interested in buying votes is running it...They will give any dumb-dumb who can write his name a loan at any amount..... and who cares if they can't pay it back. It's only taxpayer money.
 
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