X debt sale

Trump Officials Reportedly Eye Student Loan Debt Sale to Private Investors

The Trump administration is considering selling portions of the $1.6 trillion federal student loan portfolio to private investors, a move that could reshape the student loan landscape. Senior officials have reportedly been discussing the offloading of high-performing loan segments to private entities, potentially impacting approximately 45 million borrowers. This plan aligns with the administration’s goal of reducing federal involvement in student loans, which could jeopardize existing consumer protections and government cancellation powers. Experts raise concerns about the shift of repayment responsibilities to private companies, along with the potential for increased costs and reduced borrower benefits, ultimately making it harder to access college.

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Wall Street Banks Dump Billions in Risky X Loans

Wall Street banks are preparing to offload billions of dollars worth of loans tied to X, formerly known as Twitter. The planned sale is generating considerable buzz, with skepticism surrounding the projected sale price. While the banks aim for 90-95 cents on the dollar, many believe this is overly optimistic, with predictions ranging from a far lower 20 cents to a derisive “tree fiddy.” The prevailing sentiment is that the loans are significantly undervalued due to X’s current financial state and uncertain future.

The banks’ hope rests on convincing investors that X’s financial situation has improved. They point to Musk’s increased power and alliance with certain political figures as potential catalysts for a narrative shift, suggesting a turnaround is underway.… Continue reading