Re:U.S. Student Debt in ‘Serious Delinquency’ Tops $166B
by tracer4201 on Saturday February 16, 2019 @01:05PM
(#19179914)
If the system provides easy access to cash backed by the US government without disambiguating loan candidates from those who are high risk vs lower risk, how is greed not a factor?
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Re:U.S. Student Debt in ‘Serious Delinquency’ Tops $166B
by alkibiades on Sunday February 17, 2019 @11:59AM
(#19185403)
capitalism is built on greed. it’s like a simple AI with an optimization function for money. the problem is when the govt steps in and aligns incentives such that the greedy/profitable thing to do is to saddle people with debt because its zero risk for the lender