Thursday, February 25, 2021

Tag: court ruling

Millennials find a ray of light as Judge opens crack into being able to discharge student loans through bankruptcy

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by Kenneth Schortgen, Shotgun Economics:

Diabolically as well, one of the primary reasons President Obama wanted his administration to seize control over the student loan program was to be able to provide unlimited money to millennials at a time when the nation was deep in recession following the 2008 financial crash.  Because by providing an outlet for young Americans to ‘hide out’ on campuses instead of potentially protesting in the streets because there were few available jobs, Obama was able to easily make it through any potential crisis that might have taken place while the central bank was infusing the financial system with tens of trillions of dollars in QE.