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by helen___keller
2383 days ago
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> Remember Bernie is talking about straight up forgiveness: the debt just disappears. I don't think this would harm the financial system. Debt held by the govt disappears, privately held debt is purchased by the federal government and then disappears. I don't know the structure of student loan backed debt but this sounds the opposite of the cataclysmic: the government is guaranteeing they will "print" all the money needed to cover debt owed to 3rd parties, which should mean banks will do better than ever. I'd be more concerned of cataclysmic outcomes if we changed laws in a way that fundamentally shift the risk profile of student debt as held by 3rd parties > He probably won't be the next President He IS a top polling primary candidate, but more to the point I don't think even a democratic Congress would pass a lot of his policy |
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