{americanthinker.com} ~ As college graduates have their commencement celebrations, they certainly hope their hard work will pay off. After all, in the booming Trump economy and with record low unemployment... there are countless opportunities for entrepreneurship and success. Sadly, there is one reason why those dreams may never get off the ground: crushing school debt. As too many students and parents are painfully aware, there are more than 44 million borrowers in America who collectively owe $1.5 trillion. Because of these obligations, young adults are putting off essential milestones in life — such as buying a home and getting married — while not accumulating savings. They have been saddled with debt by a higher education industrial complex thanks to the assistance of the federal government. Now, thanks to some scumbag/liar-nObama administration decisions, the problem might become even worse! Before his disastrous campaign for governor of Ohio, Richard Cordray was an scumbag/liar-nObama administration holdover running the Consumer Financial Protection Bureau (CFPB). What we are now learning is Cordray likely exceeded the scope of his authority with a proposed "consent judgment" against the National Collegiate Master Student Loan Trusts (NCMSLT) in September 2017. This decision deserves more attention, as it threatens the Trump economic boom by potentially hurting America's financial marketplace and freezing the credit industry. The NCMSLT are passive investors who own $12 billion of student loan assets, which originated in multiple banks — such as Bank of America and JPMorgan Chase — more than a decade ago. Pension plans in insurance companies subsequently financed them through securitization capital markets transactions. In laymen's terms, securitization helps the economy because it enables investors to fund consumer and student loans, which also lowers interest rates for borrowers...
Political Editors: President Donald Trump’s tariff threat against Mexico has at least initially been much more successful than many mainstream media naysayers would care to admit. As we earlier noted, Trump got the Mexican government to finally act on previously agreed to terms. Even Senate Majority Leader Mitch McConnell praised Trump’s action, stating, “I think the cold, hard reality is, even though almost none of my members were enthusiastic about the prospect of tariffs, you have to give the president credit — it worked. The president deserves applause — not condemnation — for the outcome, which has a good chance of solving this crisis at the border.”
Speaking of that crisis, on Tuesday, acting Homeland Security Secretary Kevin McAleenan in testimony before the Senate Judiciary Committee laid out just how problematic the current asylum situation is. McAleenan noted that 90% of asylum-seekers have been no-shows for their scheduled case hearings. Upon hearing this, Sen. Lindsey Graham questioned, “90% did not show up?” McAleenan responded, “Correct. That is a recent sample from families crossing the border.”
McAleenan placed blame for this growing problem on the Flores consent decree that prevents the government from holding a minor longer than 21 days. “Currently, due to a single district-court order, we cannot obtain effective immigration-enforcement results for the families arriving at our border,” McAleenan said. “They cannot be held for longer than 21 days and do not receive rulings from immigration courts for years,” he stated, adding that “unless you’re a single adult, it is very unlikely you’ll be repatriated.” This is chain migration on steroids. ~The Patriot Post