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Student Loan Debt The Next Financial Bubble To Burst Say Experts

Thursday, February 9, 2012 - 8:54 PM
The Los Angeles Times cites the rating agency Standard & Poor's assessment that "student-loan debt may become the next U.S. asset bubble as rising tuition costs climb while household income stagnates."

http://www.topix.com/us/politics/2012/02/student-loan-debt-the-next-financial-bubble-to-burst-say-experts
3
ShorebreakShorebreak2,371 posts since
Apr 6, 2010
Rep Points: 12,646
1. Friday, February 10, 2012 - 9:31 PM
Since I own Sallie Mae bonds, I hope this isn't true.
1
loulou521 posts since
Aug 3, 2010
Rep Points: 3,239
2. Saturday, February 11, 2012 - 5:38 PM
Re: lou @ Friday, February 10, 2012 - 9:31 PM

Ever hear of Fannie Mae or Freddie Mac, Lou?

"The losers also would include banks and savings institutions, which hold more than $1.4 trillion in mortgage bonds, about 27 percent of the total. Foreigners, led by China's central bank, which has helped finance the U.S. housing market for at least a decade, hold $615 billion, or 11 percent. Fannie Mae and Freddie Mac own $568 billion of their own mortgage bonds, also about 11 percent."

http://www.bloomberg.com/news/2012-02-08/mass-refi-plan-would-hit-pensions-while-easing-mortgage-payments.html
1
ShorebreakShorebreak2,371 posts since
Apr 6, 2010
Rep Points: 12,646
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