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Thursday, November 07, 2013

The Student Loan Bubble Is Starting To Burst

The largest bank in the United States will stop making student loans in a few weeks.

JPMorgan Chase has sent a memorandum to colleges notifying them that the bank will stop making new student loans in October, according to Reuters.

The official reason is quite bland.

“We just don’t see this as a market that we can significantly grow,” Thasunda Duckett tells Reuters. Duckett is the chief executive for auto and student loans at Chase, which means she’s basically delivering the news that a large part of her business is getting closed down.

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3 comments:

Anonymous said...

Obama got his hands in the student fiasco and this is what you get. When are you idiots going to stop voting for Democrats?

Anonymous said...

Obama has toxic fingers.I can't even watch him on TV for 10 seconds.It's almost as insulting as when your kid lies to you and thinks you're stupid enough to believe it.Notice how his speeches are getting louder and louder.He must thing that the louder he gets the more believable he sounds.

Anonymous said...

11:40, the GOP wants the same and has the same goals. Never until we elect real TEA party Candidates will this nightmare end. Oh, unless option 2 happens.
How about when Putin and China attack DC, we citizens, under the leadership of the 200+ military brass Obama has just fired, attack DC as well?

I really like that picture, and it's the only way we can truly save this country. Our military and Sheriffs will join in, and hopefully city and state police. We'll be fighting FBI and Secret service, or at least some of them. Homeland Security will scream like little girls and run home to Mommy.