Student debt MUST be in a bubble, shit is so out of control, it has to burst soon.
All these loans to the degenerates who will absolutely never pay them back. Couple that with the impending millennial "resistance" to the government, and the word sub-prime doesn't even begin to describe these loans There must be a way to profit.
How do we short it?
you have one hell of a good point. Too bad I have no clue how to do it.
My loans are deffered down to $0 / month ;^)
No really, they still send me the bill every month for $0.
Thanks, wish this board had more discussions. I should have put more >CAPSLOCK and Belfort pics in my OP.
Does anybody know if student loans are sold to invenstment bankers in the same way that mortgage backed securities were?
My understanding is groups of mortgages would be sold to an investment group as CDO's, and these CDO's are what was shorted against. Are student loans grouped together in the same manner that mortgages are?
>All these loans to the degenerates who will absolutely never pay them back.
Most of those students will subsequently be in the workforce for decades, and will earn a higher than average amount, so what makes you think they'll never pay the loans back?
How can it be higher than average when everyone gas a degree?
How do you do this? I only make $14.40 an hour and still pay $75 a month.
He lives in Europe.
is this for real?
buy their debt... those lenders eventually get the money one way or the other. they will just take your entire tax return each year.
interesting
it can be cause of the next crisis