We discuss the student debt crisis with Anthony Fiorentino:
When the largest banks and insurance companies committed mass securities fraud in the mid 2000s they got a $700 billion bailout and they had committed crimes. They had committed mass securities fraud. Now you’re talking about students who have committed no crime and they’ve taken out loans that they had to take out just to educate themselves so they’re viable in a modern economy and yet they can’t get the same kind of relief that criminal banking institutions got. And it wasn’t just that $700 billion. The Federal Reserve has bought up these banks’ toxic assets. Now we’ve got millions of students with toxic assets which are called student loans. How come the Federal Reserve doesn’t buy up these?https://www.ralphnaderradiohour.com/author/skro35/
Scared to Debt is an investigative documentary diving into the $1.8 Trillion student loan debt crisis.
Student Loan Bankruptcy Reform – Senate Hearing
- Tuesday, August 3, 2021
- 10:00 AM 11:30 AM (Eastern time)
WATCH via LIVESTREAM Tuesday, August 3 at 10:00 AM EST the Senate Judiciary Committee headed by Sen. Richard J. Durbin (D-IL) held a full committee hearing on Student Loan Bankruptcy Reform. This is HUGE. The Senate panel last held a hearing on the matter in 2012. This could determine the fate of millions of student loan borrowers.