Wednesday, November 26, 2008

Rehabilitated Borrowers Put in Limbo by Economic Crisis

Student loan borrowers who have previously defaulted and are looking for a second chance to reestablish their credibility will be out of luck in December. And there is no bailout for them.

In contrast, corporate CEOs who ran their companies into the ground are getting bailed out, and spending on luxury conferences and paying executive bonuses. They're getting indulgences to keep them out of credit purgatory.

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