Thread: Which bubble pops next?

Interesting article Frixx. I'd have thought that American car companies would have been on that list...The US still doesn't have a good enough hybrid alternative. All the best.

FS

I don't know about the Limo Bubble Frixx. Hollywood still has to get around.

Credit Cards are really overdue, CROOKS!!crook.gif

My bet is student loans...

Yeah buddy. No jobs = no payments. Weak low paying jobs = no payment too.

Originally Posted by ChemEng

My bet is student loans...

I am with you on this Sallie Mae no longer allowing consolidations so imagine you can't consolidate until graduation for Private Loans they got students at 13.50% and up. So right now to lower payments College Grads would Consolidate because they have 4 years of credit and the Fed lowered rates but they won't allow it.

This could be contested in the Courts because when All College Students aplied for Private Loans they (Sallie Mae) posted you could consolidate after proof of graduation so from what I see it is Internet Fraud, Mail Fraud etc. the average College Student could have say 100G in Loans at 13.50% under the rules before they locked Students out in May 2008 they could get that rate down to as low as 7.50%. The breech of contract would be part Sallie Mae for false and misleading information as a lender. The used Bank of America and Citizens Bank in the past.

Originally Posted by ChemEng

My bet is student loans...

Originally Posted by Braveheart

I am with you on this Sallie Mae no longer allowing consolidations so imagine you can't consolidate until graduation for Private Loans they got students at 13.50% and up. So right now to lower payments College Grads would Consolidate because they have 4 years of credit and the Fed lowered rates but they won't allow it.
.......

For those interested in student loans:

http://www.smartmoney.com/deal-of-th...loans&cid=1034

For those who want to look at what exactly is a bubble (I know it's Wiki, but it has insight):
http://en.wikipedia.org/wiki/Economic_bubble

Student loan bubble already popped last year. Several friends were forced to drop out because of it. One was in Vet School in St. Johns. Now working as a med tech in Nevada.