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thinkahol *

Can the Fed Prevent the Next Crisis by Eliminating Interest on Student Loan Debt? | Tru... - 0 views

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    Among the demands of the Wall Street protesters is student debt forgiveness - a debt "jubilee." Occupy Philly has a "Student Loan Jubilee Working Group," and other groups are studying the issue. Commentators say debt forgiveness is impossible. Who would foot the bill? But there is one deep pocket that could pull it off - the Federal Reserve. In its first quantitative easing program (QE1), the Fed removed $1.3 trillion in toxic assets from the books of Wall Street banks. For QE4, it could remove $1 trillion in toxic debt from the backs of millions of students.
thinkahol *

Will Americans Act to Prevent Economic and Environmental Collapse? | CommonDreams.org - 0 views

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    Barack Obama has done a swell job for the rich but a purposely terrible job for our side. Oh we will do something. While some of us may have very few Democrats worth defending only because we have no third party choices or the choices we have of third parties are fringe rightwing lunatics. Here are my answers for some of Ted's questions.
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