Two conservative groups are asking a federal court to block the Biden administration’s plan to cancel $39 billion in student loans for more than 800,000 borrowers.

Two conservative groups are asking a federal court to block the Biden administration’s plan to cancel $39 billion in student loans for more than 800,000 borrowers.

    • foggy@lemmy.world
      10·
      1 year ago

      tbh 15 years later I wish they let the banks fail. It would have been a pretty terrible 10 years, but I think by now we’d have a functioning world better suited for today’s generations/problems.

      • afraid_of_zombies@lemmy.world
        21·
        1 year ago

        Don’t buy into the propaganda. There was never going to be a big crash. They would have taken a small hit and FDIC would have insured every deposit. The big banks had already unloaded the mortgage backed securities into pension funds.

        But but what about Lehman Brothers? Yeah what about them? The CEO alone took a +600 million dollar bonus they year it was going “bankrupt”. They can’t stay open but gave him over half a billion? I don’t think so. Bankrupt for normal people means rice for dinner for years, for the big banks it means they just don’t feel like “working” anymore.

        What should have happened is jailing the lot of them, a foreclosure freeze across the US for a year, replenishment of Pensions from AIG and Goldman and Lehman executive salaries, and finally a requirement that everyone that is to be evicted be given a court appointed attorney who has the same case load as the bank’s attorney.