Peter Schiff: Armed Marshals Arrest Student Loan Debtors; Is the Bubble About to Burst?
Anne Fri, 02/19/2016 - 13:53
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Could the student loan bubble be on the verge of popping?
If desperate government actions serve as any indication, it may well be.
Last week, seven US Marshals armed with automatic weapons came to Paul Aker’s home in Houston to arrest him for a $1,500 student loan debt dating back to 1987. According to the Guardian, Acker isn’t alone facing the barrel of a gun over outstanding student loans:
"Aker is unlikely to be the only person to be surprised by marshals collecting on student loans. A source at the marshal’s office told Fox 26 that it is planning to serve warrants on 1,200 to 1,500 people over student loan debts.”
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