Obama Bails Out Banksters On Student Loan Bubble
By capping the debt extraction scheme, Obama seeks to limit the defaults on student loans. Do we really know what the true intent is here? By these actions it ensures students spend much of their adult lives living under student loan debt peonage. (violence) Alternatively, if this debt was allowed to do what it should be allowed to do, that is, evaporate either through debt forgiveness (nonviolence) or debt collapse (the universe’s answer to the state’s debt-based violence) , the illusion of debt peonage would evaporate.
Systems of emotional violence and control (debt peonage) have unintended consequences. This action that I would surmise is to actually bail out the banksters rather than students too will have unintended consequences.