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.
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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
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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
11:37 PM - 4 Apr 2018
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