In which some idiot claims that Student Loans are too big to fail.
In which some idiot claims that Student Loans are too big to fail.:
Thanks for explaining that the student loan system is Too Big To Fail. That argument has never failed, right? Also, can’t let the *enormous* assumption here pass that bankruptcy is the only way out of loans, because no one has ever run out on a loan before.
Just because it is harder to run out on a student loan than a house loan doesn’t make it impossible. This is the same type of BS that was said about the housing market: ‘oh well, no one will run out on their housing loans because people don’t do that, it would be irresponsible.’
