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A comment on Student Loans a Lot Like the Subprime Mortgage Debacle, Watchdog Says. Parent comment

Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by dillonmckay on Wednesday December 11, 2019 @05:33AM (#21761213)
It is an entirely separate legal entity, that shares no legal risk with the vendor.

Ally came from GMAC, which GM created to finance automobiles.

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