Originally Posted by KC native
That was quite the fear mongering piece by Zero Hedge.
The bubble won't burst on student loans. They aren't dischargeable in bankruptcy except for extenuating circumstances. Is it sustainable? No. Will it lead to a financial contagion? No
I agree with this. It also won't lead to falling home prices for people with otherwise good loans.
"Well, it is one thing for Bill Clinton to say, I feel your pain. It is another thing for Barack Obama to say I feel your pain that I have caused." - George Will