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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 Apr 4

    I’ve spent the past few days on Wall Street, and any hedge fund that looks into the student loan data can see that a crisis is coming. No one knows what to do about it, but the data is clear.

    11:26 PM - 4 Apr 2018
    • 20 Retweets
    • 120 Likes
    • Tequehead Timur Meyster ㅤㅤㅤ Craig McDonald Bruno Valle ken Marcelo Serrano Akshay Chalana Jon Senterfitt
    9 replies 20 retweets 120 likes
      1. Austen Allred‏Verified account @AustenAllred Apr 4

        This isn’t Michael Burry pulling apart synthetic CDO level stuff. Show any junior analyst the raw data on default rates and they’ll be terrified. In part because they’re a junior analyst working on Wall Street largely to pay off their massive student loans.

        7 replies 5 retweets 75 likes
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      2. The Charlieton‏ @TheCharlieton Apr 4
        Replying to @AustenAllred

        What’s the short? Just recently was talking about the difference between making good money and making generational wealth for Burry / Paulson in 09 was shorting the CDS and not the bank stocks. Similar analysis, but different payoff scale

        1 reply 2 retweets 10 likes
      3. Austen Allred‏Verified account @AustenAllred Apr 4
        Replying to @TheCharlieton

        That’s the thing - it’s all government backed so there’s not really a short play unless you’re shorting private colleges or something. Probably the government just writes it down and taxpayers swallow it somehow?

        2 replies 1 retweet 6 likes
      4. Daniel Lawhon‏ @DTLawhon Apr 5
        Replying to @AustenAllred @TheCharlieton

        This is exactly why I'm not sure we'll see a "pop" of any kind, I'm not sure how we could with the government swallowing the losses. But we should expect to see a continuation in people unable to purchase homes and cars via debt, which would have implications for those markets.

        0 replies 0 retweets 3 likes
      5. End of conversation
      1. New conversation
      2. Trevor McKendrick‏Verified account @TrevMcKendrick Apr 4
        Replying to @AustenAllred

        thoughts on how they think it'll pop? people could stop paying their mortgages, dot com prices had to come down... i don't see what happens with loans other than constant slow tax on grads

        2 replies 0 retweets 2 likes
      3. Austen Allred‏Verified account @AustenAllred Apr 4
        Replying to @TrevMcKendrick

        Most likely result is government just eats defaults and a generation of people get hammered spending the rest of their lives trying to pay them back

        0 replies 0 retweets 1 like
      4. End of conversation
      1. New conversation
      2. Ahmed Mirza‏ @ahmedm1rza Apr 5
        Replying to @AustenAllred

        I'd be curious to know if you have any suggestions for possible solutions? It's been ongoing for nearly a decade now.

        1 reply 0 retweets 0 likes
      3. Austen Allred‏Verified account @AustenAllred Apr 5
        Replying to @ahmedm1rza

        I’m working on replacing them

        0 replies 0 retweets 1 like
      4. End of conversation
      1. meetasengupta‏Verified account @Meetasengupta Apr 4
        Replying to @AustenAllred

        It has been a crisis for over a decade. Student loans are the heaviest, since they cannot be written off or securitised. They stay on the deficit.

        0 replies 0 retweets 3 likes
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      1. Isaiah Bollinger‏ @IsaiahBollinger Apr 5
        Replying to @AustenAllred

        I dont this is the only debt bubble, what about total government debt worldwide, local state and country?

        0 replies 0 retweets 1 like
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      1. Joseph Kilcullen‏ @Joekilcullen Apr 5
        Replying to @AustenAllred

        Have you been a guest in any pod cast episodes that we could listen? I think it would be great opportunity to listen and learn about the current state and how you see both Lamda and MOOC’s eventually disrupting the space.

        0 replies 0 retweets 1 like
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      1. trish ᶦˢ ʳᵉᵃᵈʸ ᶠᵒʳ ᵗᵘʳᵏᵉʸ‏ @koffeefreak Apr 5
        Replying to @AustenAllred @rachel_maria65

        If we can bail out the auto industry, Wall Street, giant banking institutions.... why can’t we bail out students from these predatory loans and tuitions?

        0 replies 0 retweets 0 likes
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      1. Stan Christiaens‏ @stichris Apr 4
        Replying to @AustenAllred

        Government bailout? If it worked for automotive and for the banks why not here? Or is the size of it so different?

        0 replies 0 retweets 0 likes
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