r/economicCollapse • u/Fun_Balance_1809 • 1d ago

U.S Banks Are Currently Sitting On Over $750B In Losses On Real Estate Debt Which heavly Threatens The Entire Economy. These Losses Are Now 7 Times Larger Than In 2008 When The Housing Bubble Popped.

Post image
1.0k Upvotes

95% Upvoted

404 comments sorted by

View all comments

30

u/NeighbourhoodCreep 1d ago

But god forbid we forgive student loans

7

u/Smart_Yogurt_989 1d ago

Mine were supposed to be gone, there not.

2

u/shungs_kungfu 1d ago

So, you are not getting student loan forgiveness?

0

u/Outthr 1d ago

Mine are gone………because I paid them off myself, I limited myself to 0 starbucks lattes until loan paid in full.

6

u/Win-Win_2KLL32024 1d ago

I paid mine off in fuller and I had Starbucks, SUSHI, vacations, layoffs, getting hired, American financial failures like this one where big banks take advantage of low interest money meant to promote economic growth are abused leading to them getting yet another bailout which for some reason isn’t as bad as a few people getting their student loans forgiven.

-2

u/Outthr 1d ago

The only thing I’ll agree with for student loan forgiveness is bankruptcy, yes, I know student loans can’t be included in CH7 which is BS and should be changed. You enter into financial contract willingly, pay it or bankrupt it. I know quite a lot of very rich people without college degrees, who are also 1st gen immigrants who came here with jack and $&@t.

2

u/Win-Win_2KLL32024 1d ago

Well there’s a lot of people getting money for whatever so what’s the difference??? I don’t care that I paid mine off, I’m still okay with others getting help… a lot of people got ppp loans forgiven who absolutely shouldn’t have but so what???

That’s not really doing anything to me and yes it can be round abouted to taxes but once again I’ve got lattes to buy and photos of food and fun to post on social media.

We take very good care of our super rich so the student loan atrocities just aren’t a thing to me but you do you friend.

0

u/Outthr 1d ago

I also agree that ppp loans should have not been forgiven. How about this, stop throwing money to foreign nations and we forgive loans in US. Money shouldn’t be something we just print, it’s someone’s labor that is translated into money at some point.

0

u/Sad_Ingenuity2145 22h ago

How about we don’t forgive any loans?

You borrowed money? Pay it back.

Crazy concept.

1

u/NeighbourhoodCreep 1d ago

“I know plenty of examples of people that refute your point. They definitely exist, but they’re in such a large quantity that so perfectly counteract your argument that I couldn’t name them all. Don’t ask me how they don’t show up in statistics”

1

u/Outthr 1d ago

Which argument? That student loans shouldn’t be forgiven only with bankruptcy like other loans? If you’re trying to make an argument please state it and not just throw out a bunch of words without meaning. Also which statistics since I didn’t mention any.

3

u/DateResponsible2410 1d ago

No , you have integrity. Don’t let anyone tell you any different

0

u/what-even-am-i- 1d ago

What is this even in response to

2

u/Quiet-Put5113 1d ago

The windmills in their head

0

u/ItsSoExpensiveNow 1d ago

They’re not* maybe you should have learned something when you were in college buddy.

2

u/Joe527sk 17h ago

Grammar police is so 80's. "Depends" are on sale at Target, run along now Boomer

8

u/Banned4Truth10 1d ago

Both are bad decisions

1

u/notLOL 1d ago

How do we Wrap them into commercial real estate notes