Post by
WhisperingGhost on Nov 24, 2018 3:26am
Wake up people
Almost 2 trillion in student loans securitized and outstanding. Seth frotman resigning from consumer protection bureau, navient under serious fire and investigations for fraudlent lending and servicing practices. Betsy Devos being privately sued for protecting these people. These companies are abusing our youth and pushing them into forbearance and getting rich on the interest (which is pushing up their EPS and value of the warrants these guys are paid in). What more do you need people. Look beyond the high dividend and manipulated EPS figures and you'll find overpaid and undereducated management. Mark my words, when this credit bubble blows up, these companies will dissapear. Short SLM Corp, Navient, Nelnet if you want to retire on a beach somewhere. Biggest opportunity since 2008. Retraction of the Dodd Frank Act benefitted these crooks so much. Look at their unaudited mess of financials that is a frankenstien's monster of derivatives. RIP
Here is my call. Within two months Navient will be bankrupt and Nelnet will be fighting for it's life. The contagion is building - students are deciding collectively that they aren't going to pay.
To the management - good luck! The big guy upstairs is waiting to send your crooked asses to hell for eternity. Enjoy being on earth while you are here because you have eternity to suffer like the people who you have turned to slaves with your crooked practices.