Not that they deserved bridging loans, so you can, whether you argue whether the students deserve it but hey, did Wall Street deserve bridging loans? Now they’re talking about Quantitative Easing Four, Quantitative Easing Three sort of slipped by everybody but not bridging loans, it was a big disappointment.
The market wanted more, the market crashed so allegedly the market spoke and wanted more like bridging loans. Ben Bernanke said we can do more, we’re prepared to do more. They didn’t exactly say what, but there was a former Vice President of the Federal Reserve Board that wrote an article where he said, what they are talking about next asset-backed securities, they’re not going to do Federal Securities this time, they are going to do asset-backed securities like they did in Quantitative Easing One.Well there’s now $1 trillion in student debt outstanding.
