Bernie Sanders says it’s time for President Biden to cancel all student debt by executive order

Have you all heard of SLABS ( Student Loan Asset Backed Securities) ? There is a lot behind them but essentially they are the same as the Morgage Backed Securities that failed in 2008, who ever owns the student loansbundle them up and use them as collateral, because who doesn’t pay their student loan. The problem is that if Biden erases student debt this leaves over leveraged entities in a precarious position, because they can no longer rely on SLABS to support their degenerate gambling. So the real issue is about The Government doing what’s good and right for the people of the nation or protecting the 1% from them selves at everyone else’s expense.

/r/MurderedByAOC Thread Link - i.redd.it