Student loans - the most serious risk to the US
Billionaire Bill Ackman believes that the biggest risk to the credit market are student loans. This writes Bloomberg."The volume of student loans more than a trillion dollars, and there is no chance that the students are going to pay for it", - said the head of Pershing Square Capital Management, Bill Ackman on Investment Summit in New York.The volume of such loans in the second half of last year reached $ 1.3 trillion. This figure also includes private loans without government guarantees. Equally impressive volumes led experts to draw parallels the mortgage crisis that began in 2006 also reported that now student loans in the amount of $ 100 billion is the default, that is, the order of 9%. Such data are the Treasury Borrowing Advisory Committee.
Bill Ackman notes that young people have a special character and, in his opinion, they will be glad that or another authority they forgive these debts. By the way, Akman, who last year showed one of the best results, said he does not like fixed income is largely due to the extremely low interest rates. He also warned about the significant credit risks associated just with student loans.We have already received information that the White House is considering options for bankruptcy on student loans. Some economists have already dubbed the bubble of student lenders as one of the largest, and the following capital injections have to do it in this segment.