Wednesday, May 15, 2013

All Education Matters: Huffington Post: Obama Student Loan Policy Reaping $51 Billion Profit - This is not news . . .

All Education Matters: Huffington Post: Obama Student Loan Policy Reaping $51 Billion Profit - This is not news . . .:


Huffington Post: Obama Student Loan Policy Reaping $51 Billion Profit - This is not news . . .

Nevertheless, I am glad to see that pieces from this article are being disseminated widely by mainstream media. For years, AEM has been providing data, analysis, and personal stories to demonstrate the way in which the student loan crisis has been hurting the economy.

And here you have it from agencies and Regulators:

Regulators and officials at agencies [at] the Federal Reserve, Treasury Department, Consumer Financial Protection Bureau and Federal Reserve Bank of New York have all warned that student borrowing may dampen consumption, depress the economy, limit credit creation or pose a threat to financial stability.

Finally! Finally! Finally! Finally. Finally? Wait a minute. I shouldn't be that excited. Yup, I am getting ahead of myself. We're not there yet. We're only kinda talkin' . . .

Because the language is important here. After all, the student loan crisis may:

a) hurt consumption
b) is depressing the economy
c) is limiting credit creation, and
d) is a threat to overall financial stability.  

I think the word may is inappropriate here. It's not that it may dampen things, but rather that it has dampened 

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