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Can somebody compare this (let's call it a Student Loan Bubble) to the Subprime Mortgage Bubble? I'm trying to get a sense of how big the problem is by comparin
by Abundnce10 11y ago
Can somebody compare this (let's call it a Student Loan Bubble) to the Subprime Mortgage Bubble? I'm trying to get a sense of how big the problem is by comparing it to the last bubble we just experienced.
- jpmattia 11y agoYou can get a sense of the scale for the subprime/Alt-A market here: http://bp3.blogger.com/_pMscxxELHEg/RxzD0s_7EYI/AAAAAAAABB4/ljDSXZhMG3o/s1600/IMFresets.jpg http://bp3.blogger.com/_pMscxxELHEg/RxzD0s_7EYI/AAAAAAAABB4/... That graph shows you the size of the actual loans, but there was also a sizeable amount of money tied up in derivatives of those loans, which multiplied the effect.