[QUOTE=Dallas Tex;986933]I'd think before even considering banishing existing loans to Mordor, we must stop the inflow.

I always like to stop the bleeding before trying to repair the damage.


Quote Originally Posted by JJohnson View Post
.. We're talking about secondary education institutions taking advantage of predatory lending institutions taking advantage of desperate kids spoonfed the belief that they need a college degree to get by./QUOTE]


This is the origin of the disease. Well said.
Since we are talking about lending, isnt the solution to predatory lending government regulations? and do we not currently have an admin that is deregulating these institutions? so is the current admin making this situation better or worse? what about low fed rates making money too cheap to borrow, adding disincentive to save? does it matter?
https://www.nytimes.com/2019/02/12/o...pgtype=Article
Opinion | There’s Only One Way to Stop Predatory Lending - The New York Times
or am i mistaken?