In Student Loan Debate, Ghosts of 2008 Still Haunt Us

Published Oct 11 2021 at 1:07 PM GMT
  • In the fall of 2008, the financial services industry was on the brink of collapse And, as a credit officer for JPMorgan Chase's student lending business, I had a front-row seat as we watched bankrupt Lehman Brothers auction off its bonds, and scores of domestic banks fail.
  • The collapse of US housing marketsand the now infamous mortgage-backed securitiesfueled a financial crisis that nearly brought down the world economy.



  • Published Oct 11, 2021 1:07 PM GMT