Require the Fed to purchase student loans and forgive them as part of Bank stimulus.

Require the Fed to purchase student loans and forgive them as part of Bank stimulus.

0 have signed. Let’s get to 100!
At 100 signatures, this petition is more likely to be featured in recommendations!
Bill L. started this petition to The Federal Reserve and

On March 12th, 2020, the Federal Reserve announced it would inject 1.5 Trillion dollars to help aid Banks facing a major economic downturn allowing them to pay back these loans on ultra favorable terms.

This is another instance where the Fed and US government is quick step in to protect Banks and other wealthy institutions while on a daily basis ignore an ever growing and struggling populace.  In fact, this amount of money when discussed in the terms of student loan relief is often considered “too expensive” and/or “socialism” but when talking about averting losses to banks and investors this amount is easily handed over without strings attached or question of its cost.

Ultimately, if the Fed required as part of its emergency loan package that banks set off against outstanding Student Loan balances and used the funds repaid to retire federally held student loan balances, we will be able to solve two of our most pressing economic issues facing our country and position our economy for a strong rebound.

Please sign on and show your support to put pressure on the government act!

0 have signed. Let’s get to 100!
At 100 signatures, this petition is more likely to be featured in recommendations!