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AustenAllred's profile
Austen Allred
Austen Allred
Austen Allred
Verified account
@AustenAllred

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Austen AllredVerified account

@AustenAllred

CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.

San Francisco, CA
lambdaschool.com
Joined December 2010

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    Austen Allred‏Verified account @AustenAllred Jul 11

    Student loans are ~45 percent of the total Federal financial assets. That’s 9.8 times larger than the mortgages outstanding and 2.8 times the size of taxes receivable.

    8:39 AM - 11 Jul 2018
    • 58 Retweets
    • 227 Likes
    • alex Heather Petty The Activist Artist Jeffrey Higgins Dana Al Doan Shea Stott Denis Duliçi Austin M. Craig
    11 replies 58 retweets 227 likes
      1. New conversation
      2. Kirk Byers‏ @kirkbyers Jul 11
        Replying to @AustenAllred

        That is because the federal government doesn't have many financial assets...up through 2005 it only had roughly $600 Billion in total financial assets. Student loans are a significant issue, but this is probably not a relevant way of discussing it.

        1 reply 0 retweets 4 likes
      3. Austen Allred‏Verified account @AustenAllred Jul 11
        Replying to @kirkbyers

        Except that there’s no way in hell the government will just forgive the debt

        0 replies 0 retweets 1 like
      4. End of conversation
      1. New conversation
      2. Austen Allred‏Verified account @AustenAllred Jul 11
        Replying to @colin_jemmott

        These are assets held by the federal government not total

        0 replies 0 retweets 1 like
      3. End of conversation
      1. New conversation
      2. brennan‏ @letkma Jul 11
        Replying to @AustenAllred

        wait, but it's $1.5 trillion in student loans and 1.77 trillion of mortgage-backed securities?

        1 reply 0 retweets 0 likes
      3. Austen Allred‏Verified account @AustenAllred Jul 11
        Replying to @letkma

        We’re talking assets owned by the federal government

        1 reply 0 retweets 2 likes
      4. brennan‏ @letkma Jul 11
        Replying to @AustenAllred

        oh interesting! I admit I'm not american, so I guess I figured that's what the federal reserve was

        1 reply 0 retweets 1 like
      5. 2 more replies
      1. CryptoFro‏ @howlshot Jul 11
        Replying to @AustenAllred

        This won't end wellpic.twitter.com/yhjXSDVH8g

        0 replies 0 retweets 2 likes
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      1. #ForceforGood‏ @choosesubstance Jul 15
        Replying to @AustenAllred

        its a #Huge problem. If you haven’t checked out the @Givling app you might want too . They are paying $50,000 dollars per #studentloan . It’s a combination of crowd funding and advertisement revenue from the app clearing the loans . Code gc342347 at signup. Good luck!

        0 replies 0 retweets 1 like
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      1. Steven T‏ @steven_t63 Jul 11
        Replying to @AustenAllred

        One day this is gonna really hurt.. Interesting part is that bubbles can last for a very long time and there’s no telling how long this really goes for.

        0 replies 0 retweets 1 like
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      1. Ryan Roland‏ @Ryanroland Jul 12
        Replying to @AustenAllred

        Wow.

        0 replies 0 retweets 0 likes
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      1. Mitchell Wakefield 🕵️‍♂️‏ @wakefield00 Jul 11
        Replying to @AustenAllred

        pic.twitter.com/Nx0ETeZXit

        0 replies 0 retweets 0 likes
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      1. David Monson 孟海涛‏ @DMons_ Jul 11
        Replying to @AustenAllred

        Amazing way to quantify it. Nuts!

        0 replies 0 retweets 0 likes
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