Student Loans a Lot Like the Subprime Mortgage Debacle, Watchdog Says

Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by the-dude on Wednesday December 11, 2019 @04:01AM (#21760764)

If the value disappears overnight, wouldn't it be fair to compare it to the yearly figures?

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Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by ssivark on Wednesday December 11, 2019 @06:12AM (#21761431)

If it disappears "overnight", then would the right comparison be to daily GDP? which would increase the computed percentages by a factor of 365.

Clearly it is not sensible to compare two quantities with different dimensions of $ and $/time. It is like comparing distance (miles) to speed (miles/hr). Changing units to (meters/sec) doesn't change the absurdity in any way.

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Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by the-dude on Wednesday December 11, 2019 @09:07AM (#21762405)

I run a business. If I had to 'write off' some asset today because it has proved to be worthless, it will affect the yearly report.

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