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A comment on America’s Millennials Are Waking Up to a Grim Financial Future. Parent comment

Re:America’s Millennials Are Waking Up to a Grim Financial F... by Nelson69 on Friday June 22, 2018 @05:46PM (#17377682)
Isn't it simply guaranteed by the government? Private banks put up the money and the government only steps in to pay if there is a default. Isn't it a profitable business for the banks?
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