tag:blogger.com,1999:blog-8970071813477046910.post2565977254053534525..comments2024-03-18T01:21:42.225-05:00Comments on Preachers and Horse Thieves: Student LoansDaddy Hawkhttp://www.blogger.com/profile/01386749814126280114noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8970071813477046910.post-1194550014225088482022-09-12T19:54:43.233-05:002022-09-12T19:54:43.233-05:00Steve, the Fed is a whole other can of worms for a...Steve, the Fed is a whole other can of worms for another time. That said, your question is something I had not considered in terms of downstream consequences. Frankly, I am not well versed enough about how the Fed goes about its business to give a thoughtful and intelligent response. My gut tells me that the Fed would adjust the prime rate and/or increase/decrease the money supply to meet its needs. Daddy Hawkhttps://www.blogger.com/profile/01386749814126280114noreply@blogger.comtag:blogger.com,1999:blog-8970071813477046910.post-38220791664574111802022-09-05T12:32:03.455-05:002022-09-05T12:32:03.455-05:00Hm...so you loan your spawn some money to buy a ca...Hm...so you loan your spawn some money to buy a car, house, whatever....and they don't pay it back...so you would just write it off as a very expensive lesson learned.<br />The government borrows the money from the Federal Reserve and doles it out to various programs. One of those recipients doesn't pay back the loan....does the government say que sera....or is the government obligated to pay the Federal Reserve?<br />Remember now, the "Fed" is a privately held company. Stevehttps://www.blogger.com/profile/02244853101089859845noreply@blogger.com