Sell Those Indenture Instruments Immediately! The Debt Ceiling Disaster and Student Loans
As I mentioned earlier, Bloomberg reported that if the US defaults and loses its AAA rating, investors might begin to sell off government-backed student loans. The value is a drop in the bucket. It's merely $250 billion in government-baked securities. So . . . yeah, no biggie. But perhaps being so nonchalant about the issue is wrong? Hmmm . . . I wonder. Since I have been wondering and reading some piss-poor 'analysis' on the subject, I asked people who actually know what they are talking about.
I've spoken with a few economists as well as with a savvy financial reporter, and asked them what they think
I've spoken with a few economists as well as with a savvy financial reporter, and asked them what they think