Re: Digest for studentloanjustice@googlegroups.com - 3 Messages in 1 Topic

[Jerry Comisar]

An interesting video on "the student loan bubble" from an unusual source.

Hillary Clinton recently said she looks at AlJazeera to get the REAL news not the US Media. Here's how AlJazeera sees the US Student Loan situation:
http://www.commondreams.org/video/2012/04/05

Alan Collinge is featured.

Jerry Comisar

[Dustin Logan]

It's sadly ironic, that we have to get the truth, from the very
people, that most Americans see as our "enemy". Again, where is our
OWN media?

Dustin

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[Ron Jackson]

I am not sure student loans can burst in the same way real estate did. Real estate penetrated the entire economy from top to bottom and when the interests rates began to reset on all the funny mortgages things came down very quickly. With student loans there is a massive state capitalist program there to soften the blow of any collapse. As long as the government keeps raising loan limits and maintains the various repayment programs, deferences and forebearances they can probably bring any bust to a soft landing.  What will happen is that an entire class of people will be reduced to the status of partial state debt peon, which will restrict effective demand in the economy and guarantee the nation’s slow demise will continue.

--RON


On 4/7/12 1:25 AM, "studentlo...@googlegroups.com" <studentlo...@googlegroups.com> wrote:

 Today's Topic Summary
Group: http://groups.google.com/group/studentloanjustice/topics

• Bubble? <#group_thread_0> [3 Updates]
  

  
Bubble? <http://groups.google.com/group/studentloanjustice/t/eba9821881c1eb7c>
 

Dustin Logan <dml...@gmail.com> Apr 06 09:47AM -0500  
 
 I have been reading some on-line mumbles, that student loans will
be the next big economic "bubble" to burst.  Anyone else hear or read
anything?  So far, off-the-cuff remarks, in the comment sections of
various articles, is all I've seen.
 
 Personally, I think the next big "bubble" will be the same as the
last one--the one the government and the media have refused to talk
about--INSANE GAS PRICES!  This entire economy depends on the constant
movement of large numbers of people and goods, from one place to
another.  It just can't support $4 gas (or even $3 gas).  As the money
reserves run out, everything will just grind to a halt--just as it
did, 3 or 4 years ago.  But, the powers-that-be don't want us to see
that.  Instead, they try to dazzle us with all of the real-estate BS.
But then, that's just my observation.
 
 Dustin
 

 
 

 

null null <null...@gmail.com> Apr 06 02:12PM -0400  
 
 I agree that student loans are next. Primarily because the bubble like all
other bubbles is fueled by apathy to corruption. The bubble is in part
burst by the attention addressed to the corruption. The ease in which sl
are transferred without documentation interest & guaranteed by the
government invites lenders to um cheat. Petrol on the other hand is simply
used by everyone & won't burst until there's an alternative less any comet
hitting the planet but even that has been solved... (from my phone forgive
my spelling)
 

 
 

 

Dustin Logan <dml...@gmail.com> Apr 06 06:16PM -0500  
 
 No, petrol itself, will not collapse.  But, the insane prices
will cause the economy to slow to a point, that other sectors will
begin to collapse, due to insufficient capital or activity.
Basically, if people and companies are having to sacrifice paying
certain bills, so that they can devote more cash to buying
insanely-priced gas, then, the sectors most sacrificed, will be the
ones to burst.
 
 Dustin
 
 
 

 
 

 


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[null null]

And now that the government has less of a budget these days it's less likely that lenders can get such quick guarantor cash outs w/o documentation as before. That's going to really put the pressure on shaky lenders like sm that have obtained much of their cash flow from guarantees. The administration that cuts that gravy train will be pretty politically popular & politics is the key to when. Issues that fell on deaf ears previously will-when its a political advantage come to the forefront. Also, all banks are challenged with the housing issue
& the fight over any all profits is going to cut out any financial lender not fully diversified & strong in cash. IMHO

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