3 ms·

Does cancelling actually mean paying it off on behalf of the debtors?

• Fjolsvith 7y ago
  Maybe the creditors get a big fat tax deduction...
  • cyrksoft 7y ago
    He plans to tax Wall Street, whatever that means.
    • Fjolsvith 7y ago
      Watch out, wealthy stockholders.
      • cyrksoft 7y ago
        This was commented before, but this is what you need to watch out for: https://en.m.wikipedia.org/wiki/Swedish_financial_transaction_tax https://en.m.wikipedia.org/wiki/Swedish_financial_transactio... This things don't and won't work.
• PhantomGremlin 7y ago
  Does cancelling actually mean paying it off on behalf of the debtors? A large percentage of student debt is so-called "direct loans". This is money loaned by the US Department of Education. This money comes from the Federal government, not from a bank or other private financial institution. https://en.wikipedia.org/wiki/Student_loans_in_the_United_States#Federal_loans https://en.wikipedia.org/wiki/Student_loans_in_the_United_St... For those loans, "cancelling" presumably means adjusting some ledger entries.