Student Loan Debt Could Resemble Subprime Crisis: Treasury
Deputy Treasury Secretary Sarah Bloom Raskin expressed concern over rising American student loan debt and seeing worrying similarities to the U.S. housing-market bubble.
The Treasury Borrowing Advisory Committee, a group of bond dealers and investors that advises the government on market dynamics, also points out in a report there is a “shadow book of potential future defaults, reflected in the volume of loans in deferment and forbearance”.
SORRY! This content is exclusively for paying members. If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.
|
