Thought I'd ask /sci/ this question because /biz/ is dead and full of pump and dump shills lately
>>7987908
the economy nearly collapsed /thread
>>7987912
that doesn't explain why student loans exponentially increased nearly 7 times after 2008
>>7987916
Obongo ushering in socialism.
All them numbers have to go somewhere when you build an entire system on imaginary numbers.
>>7987908
Billionaires didn't have quite enough money so they decided to get some more.
To be real, I think that it should be legal to kill people that make over 500k a year.
>>7987908
quantitative easing policy introduced.
>>7987916
Probably everyone thought they could ride out the recession by getting a higher degree. That's usually what people tend to do when there are no jobs.
>>7987942
to be more specific, they called it credit easing
https://en.wikipedia.org/wiki/Quantitative_easing#Credit_easing
>>7987908
>Take out huge loan to go to college
>Start making repayments
>2008 comes around
>Loose job
>Late repayment penalty hits
>Debt still accrues interest
That would be my guess.
>>7987908
banks had to be bailed out? so the feds stepped in and bought the debts?
Bump i want to know too
>>7987908
Housing bubble popped bringing the economy with it in Oct 08
I remember because I started playing stocks right before that