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New Fed Chairman

BlueRaiderFan

Hall of Famer
Oct 4, 2003
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Doesn't understand why student loans aren't protected by bankruptcy... But he will once he understands it's a game by the wealthy to enslave the middle class

New Fed chair doesn’t understand why student debt can’t be discharged in bankruptcy
By Jillian Berman
Published: Mar 1, 2018 8:54 pm ET
‘Alone among all kinds of debt, we don’t allow student loan debt to be discharged in bankruptcy’
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Federal Reserve Board chairman Jerome Powell testified during a Senate Banking, Housing and Urban Affairs Committee hearing on Thursday.
The new chairman of the Federal Reserve questioned why struggling borrowers can’t discharge their student loans in bankruptcy.

“Alone among all kinds of debt, we don’t allow student loan debt to be discharged in bankruptcy,” Jerome Powell told members of the Senate Banking Committee Thursday. “I’d be at a loss to explain why that should be the case.”

See link for rest


https://www.marketwatch.com/amp/story/guid/98C2EF2E-1D84-11E8-AFF8-7834937E5386
 
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