The student loan situation has gone from bad to worse. Marcia DeOliveira-Longinetti’s son was killed, and after death, the remaining balance of his federal student loans were written off, but not by the state of New Jersey. The state told his mother, “Your request does not meet the threshold for loan forgiveness.”
The press treats Hillary as a coronation and refuses to ask her any questions regarding student loans when it was the Clintons who gave the bankers their dream – student loans are non-dischargeable in bankruptcy.
What they will also not tell the American public, that a parent co-signing for a student means they too cannot discharge that debt ever in bankruptcy. The bankers got the ultimate dream. The Clintons agreed the students had no collateral so they made the loans non-discharageable. However, insisting a parent co-signs for the loan means it is now collateralized and the entire student loan problem turns into a massive crisis.
Thank you Hillary.
On top of that, the press will not tell the truth that the Clintons signed the mandatory minimums that put more blacks in prison than any president in history. They are the administration that set the police loose on the black community. Now, there are 65 million people who have been charged for something.
The total population of the United States is 321,418,820, of which 77.1% are over 18. That means that 26.3% of the adult population nationally has been charged with some crime. Either Americans are the most criminal group, or the rule of law is completely broke.
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Livio S. Nespoli has been a broker, registered investment advisor, and financial publisher since 1985.