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0 pointsnate_meurer4y ago0 comments

This is the correct answer. Personal bankruptcy is the tool developed and refined for over a century to address exactly this problem.

It should surprise nobody that the banking interests (and industry-adjacent politicians) who pushed so hard for student debtors to be uniquely deprived of their right to shed their debt through the courts are now pushing for taxpayers to repay their unsecured loans.

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twoodfin4y ago

Again, the banks are almost totally disinterested at this point. The only entity significantly on the hook for these unsecured loans is the taxpayer, via the Department of Education which issued them directly to students.

nate_meurerOP4y ago

Great, then it should be easy to fix the law now, right?

twoodfin4y ago

Fix the law to do what? The proposal under discussion is to hand $50k to doctors, lawyers, and MBA’s (among others, of course) under the guise of fairness.

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0 pointsnate_meurer4y ago0 comments

This is the correct answer. Personal bankruptcy is the tool developed and refined for over a century to address exactly this problem.

0 comments

twoodfin4y ago

nate_meurerOP4y ago

Great, then it should be easy to fix the law now, right?

twoodfin4y ago

Fix the law to do what? The proposal under discussion is to hand $50k to doctors, lawyers, and MBA’s (among others, of course) under the guise of fairness.

1 more reply

j / k navigate · click thread line to collapse