How many times has the banking industry been bailed out? Who paid for that and continues to pay for it? Banks are allowed to make incredibly poor choices and know that they are too big to fail. They will always be bailed out by the government and ultimately tax payers.
Regular people saddled with endless debt, they should never be helped???
Do we prefer continuing to support banks who have jumped on 8.5% interest rates on loans. Inflation has hurt most Americans. Banking/loan industry is killing it.
We all should live debt free if possible.
We should also pay our bills. If you just had to pay back the college, interest free, nobody would have an issue with any of this. Time to rethink how we do things.
There is too much money in this game for regular folks to expect any help. It is a massive industry with lobbyists fighting to keep it going.
No sense arguing over it. If you have debt, you have already lost.