The Fraud At The Heart Of Student Lending Exposed - The One Sentence Everyone Should Read

http://www.zerohedge.com/news/fraud-heart-student-lending-exposed-one-sentence-everyone-should-read

"Vince Sampson, president, Education Finance Council, said during a panel at the IMN ABS East Conference in Miami Monday that lenders are no longer pushing loans to people who can’t afford them." Re-read the last sentence as many times as necessary for it to sink in. Yes: just like before lenders were "pushing loans to people who can't afford them" which became the reason for the subprime bubble which has since spread to prime, but was missing the actual confirmation from authorities of just this action, this time around we have actual confirmation that student loans are being actually peddled to people who can not afford them.