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planetc

(8,878 posts)

5. Okay, I stand corrected.

Reply to mopinko (Reply #2)

Thu Aug 25, 2022, 11:55 AM

Aug 2022

You're saying that private lenders loaned money to private students who paid it to private and public schools, and the federal government guaranteed the loans? Nice business proposition. I wonder (innocently and sarcastically) whether the banking industry has any influence with Congress. Could be!

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An English major considers loan forgiveness [View all] planetc Aug 2022 OP

Due to the moratorium the last two years and extended until December, jimfields33 Aug 2022 #1

it's gonna light a fire under the whole housing sector. furnishings, everything. mopinko Aug 2022 #2

Okay, I stand corrected. planetc Aug 2022 #5

In other words, it's an unsecured loan - nothing to repo. Ocelot II Aug 2022 #3

And I agree with everything you say too. planetc Aug 2022 #6

Also important to remember gratuitous Aug 2022 #4