I posted a week or so back asserting that student loan debt is securitized just like mortgage debt into credit default swaps and cdos.

 

Today, I am digging through old pdfs and found the sauce:

 

correspondence with Xenakis over at generational dynamics website (uses 4th turning model to analyze world news). Obviously dox shit on guy withheld beyond his site's url etc…

 

 

I emailed him after reading his reaction to Cspan hearing on 2008 crisis.

 

http://www.generationaldynamics.com/pg/ww2010.i.smoking100414.htm

 

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Dear Anon,

Find: John J. Xenakis

Wednesday, March 23, 2016 1122 AM

PePe da Anon

jxenakis5:5@compuserve.net (kek)

 

Re: Food for thought regarding your macro and fiscal crisis and very related

 

> what is stopping financial institutions from taking the skillsets

> gained creating instruments based on federally insured home

> mortgages as the underlying and applying such to creating

> analogous using federally guaranteed student loans as the

> underlying? Fannie and Freddie saw nothing, should it really be

> assumed that sibling Sallie fell further from the tree of

> ignorance?

 

If you google the words "securitization Of student loans," then you'll find a lot Of information on this subject, including

the comparison Of securitization Of student loans versus real estate loans.

 

Here's one article that claims that student loans are much safer than the real estate loans were (haha):

 

http://www.businessinsider.com/startups-are-securitizing-student-loans-201S-6

 

Here's an article that says we're headed for disaster:

 

http://www.dollarsandsense.org/archives/2015/0515soederberg.html

 

As usual, nothing will be done about the situation because the institutions are making huge profits, and a lot of that

money is being kicked back to politicians in the form of campaign contributions or grants to politically favored

organizations.

 

When the credit crunch began in August 2007, everyone was caught by surprise. The same thing will happen again.

so with regard to your question, "What is stopping the financial institutions from the answer is "Nothing. "

 

Sincerely,

John

John J. Xenakis

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Phone: XXX-555-5555

E-mail:john@GenerationalDynamics.com

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