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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 sokoloff on Wednesday December 11, 2019 @07:13AM (#21761719)
Any forgiveness is likely to be executed by the forgiving entity paying off the loans.

The federal government is not going to use a pen to steal trillions of dollars from lenders holding contracts for repayment. That’s a banana republic action.

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Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by vonmoltke on Wednesday December 11, 2019 @08:50AM (#21762259)
The federal government is the one holding all that debt, so that is exactly what is going to happen.
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Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by sokoloff on Wednesday December 11, 2019 @12:23PM (#21764600)
There is a high 8/low 9 digit inventory of private student loans, not held federally.
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Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by apatters on Wednesday December 11, 2019 @10:27AM (#21763277)
If we're being cynical, I think they would forgive the debt and bail out any large financial institutions who are damaged by the act of doing so. It would be very in character.
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