Student Debt Is Being Sold Off Just Like Mortgage Debt

According to a report in the Wall Street Journal, much of the countries student loan debt is being sold off in the same fashion that risky mortgages where sold as securities previously. We are all familiar with that outcome, our country went into the largest recession since the Great Depression and we are struggling immensely right now. 

Banks are always looking for way's to raise capital and this is a perfect example of how this country has not learned from their mistakes. People are in terrible economic predicaments and we continue to behave in the same fashion that has lead us into this debacle. The individuals behind all this should be ashamed. They reap all the benefits and we continue to struggle to put food on the table. 

I wish this country would change for the better, get back to the roots this country was built on. We need to lower the prices of literally every single thing in life. Inflation needs to be eliminated and we need to accept the losses of previous purchases. The cost of living needs to go down for every socioeconomic demographic. This will improve the overall quality of life and allow for more stability in the economy and the market. We need to strictly regulate the market and evaluate the oversight of the financial industry. The SEC has clearly dropped the ball on multiple occasions. 

Anyone who thinks the Bernie Madoff Ponzi Scheme starts and ends with him is a complete fool. Some of the most powerful people in the world were apart of the scheme and they are still prospering.