Colleges are also lining up at the pig trough to get the government to pay for all the college loans in default. The dems want to pick up that tab in this ‘bill’ as well.....scaring people that college loans will not go through now and millions of people will not be able to attend college this fall. Bull hocky!
However...if true,what better way to get tuition rates under control than to have no students show up for academic indoctrination this fall? LOL Tuition rates would drop like stones!
Bernanke up.
Blah...financial conditions...blah..downturn in housing market...blah..
mortgage backed securities held by Chinese foreign banks
securities backed by student loans
securities backed by credit card debt.
It may have been just an oversight, but no one has yet asked whether the Treasury would be buying securities backed by torn-up Lotto tickets.