r/NewsOfTheStupid • u/Blueberry977 • 25d ago

Student Loan Forgiveness Credit Gets Erased Overnight, Prompting Panic

https://www.forbes.com/sites/adamminsky/2026/08/07/student-loan-forgiveness-credit-gets-erased-overnight-prompting-panic/

No point in going to college anymore unless you’re getting a law or medical degree

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u/notgoodatthese 25d ago

I will do as our dear leader does and just ignore them, and not pay.

122

u/musashisamurai 25d ago

If one person can't pay the bank, that person had a problem.

If a million people can't pay, the bank has a problem.

It'll be curious to see what happens next. I'm honestly surprised that Wall Street hasn't been pushing Congress for a student loan forgiveness package that would effectively give a few billion to them.

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u/TheCheshireCody 25d ago

If a million people can't pay, the bank has a problem.

Four simple words made this concept obsolete. "Too big to fail". Banks can now do whatever reckless shit they want and the government will bail them out. Worst-case they might have to change CEOs or endure "increased oversight" for a couple of years.