Student Loan Asset Backed Securities and the $1 trillion dollar student loan debt
“In times of universal deceit – telling the truth is a revolutionary act.”
I was fortunate enough to be a guest on the radio show Clearing the FOG – Speaking truth to expose the forces of greed.
http://www.facebook.com/ClearingtheFogRadioShow. The show originates from Washington DC on 1480 AM.
The issue that was addressed was the spiraling student loan debt, now over $1 trillion and rising. Lynn Petrovich, an accountant that has documented fraudulent behavior by Sallie Mae was also on the air.
Tyler Paige, one of 11 students occupying a building at Cooper Union demanding that the college continue to offer free education, was also interviewed.
Here is the link to the archived edition of this important issue which both trapping students in debt peonage and is an IED waiting to explode and cause the next bubble to burst in the economy.
At a time when those in the corporate class are talking about the fiscal cliff, where is there any talk about the Student Loan Asset Backed Securities that are toxic time bombs peppered throughout Wall St. financial instruments like IEDs?
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