@return2ozma to News • 5 months agoStudent loan borrowers skip payments: It's "an act of civil disobedience", 1 in 10 say they won't paywww.newsweek.comexternal-linkmessage-square153arrow-up1498arrow-down111
arrow-up1487arrow-down1external-linkStudent loan borrowers skip payments: It's "an act of civil disobedience", 1 in 10 say they won't paywww.newsweek.com@return2ozma to News • 5 months agomessage-square153
minus-square@argarathlink14•5 months agoIt is absolutely HORRIBLE and immortal to have an investment that gains money of others being in debt. That is SO fucked up
minus-squareprolelinkfedilinkEnglish11•5 months agoWelcome to capitalism. Inb4 all the MBA nerds come to chime in about why making money off of someone else’s failure is a good thing…
minus-squareAutistoMephistolink3•5 months agoIt smacks of the subprime lending that caused the Great Recession all those years ago. History doesn’t repeat but it often rhymes.
It is absolutely HORRIBLE and immortal to have an investment that gains money of others being in debt. That is SO fucked up
What… What do you think a loan fundamentally is?
Fucked up?
Welcome to capitalism.
Inb4 all the MBA nerds come to chime in about why making money off of someone else’s failure is a good thing…
It smacks of the subprime lending that caused the Great Recession all those years ago. History doesn’t repeat but it often rhymes.
Especially when it’s funded through our own taxes.