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.
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Except that there’s no way in hell the government will just forgive the debt
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These are assets held by the federal government not total
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wait, but it's $1.5 trillion in student loans and 1.77 trillion of mortgage-backed securities?
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We’re talking assets owned by the federal government
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oh interesting! I admit I'm not american, so I guess I figured that's what the federal reserve was
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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!Thanks. Twitter will use this to make your timeline better. UndoUndo
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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.
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Amazing way to quantify it. Nuts!
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