What did he mean by this?

...

Is he the one Jew that doesn't understand money or is he just playing dumb?

That old commie faggot took millions from libtard student loans and then gave them to Clinton, I think he should shut the fuck up.

Also, the people that own thousands more of student debt because they don't know how to use money and spend it on shit coffee should be fucked in the ass.

he meant he didnt understand what an unsecured loan is.

>mortgage linked to a piece of property and home with intrinsic value

>student loan linked to an underwater basket-weaving degree with no intrinsic value

is it any wonder why communism has failed several times when people are this fucking retarded?

Retarded logic. Of course you can refinance your home at a better rate. You are borrowing on your own equity. The bank knows that they are guaranteed their money.

>loans backed by valuable assets are low interest
>loans backed by absolutely nothing are high interest

WOOOOW

>wut iz an asset

That communist who promised 'free everything' in his failed prez campaign immiadtly bought his THIRD MANSION the moment the campaign was over.

US college kids are fucking retarded.

>There are people who believe he should be president

Bernie stahp

A jew that doesn't understand how an unsecured loan works. That's a first.

You lose the house if you don't pay back the loan

A liberal college student is the worst investment you can possibly make unless you enslave them for life with usury

The jew is naming the jew by not naming the jew

> The bank can sell your home if you can't pay for it
> The bank can also sell your education if you can't pay for it

You see, when a loan really has no backing or anything to redeem on, it usually is a high risk loan, and costs more. And with all these people dropping out of payments just for the fuck of it, the high risk title proves it is the right method.

You see when you get loaned money, you are borrowed OTHER peoples money. So deciding not to pay for something you agreed on is hurting other people. Thus the banks have processes in place to protect themselves and the peoples money they borrowed to give to you.

...

Oh he definitely understands he just knows most dumbass liberals don't.

leftist/socialists are so fucking retarded. they seriously have no concept of the actual value of goods and services

DON'T GET THE FUCKING LOAN IF YOU CAN'T PAY IT BACK

He meant he is old and he has no intention of paying back his student loan because he will be dead soon

HOW THE HELL WAS THE RETARDED EVEN A CANDIDATE? WHAT KIND OF RETARDS VOTED FOR HIM

And when they default on the student loan there's nothing the bank gets back to recoup their losses.

Bernie is obviously talking about a future where student loan loaners can repossess the college education if you fail to pay. theyd use microchips in the brain or something

The trillionaires and the quadrillionaires.

These liberals just base their economic beliefs on what they think things SHOULD cost and DESERVE to cost, as opposed to their ACTUAL value

>this will be the cause of the next financial crisis

You mean "Home" Bernie. Not "Homes". Thats you, you communist fuck.

>Default on your home loan and they can take your home.
>Default on your Student loan and they can take your education.

Wait...

Typical commie market fixing that crashes economies m8.

>how does economy work hur dur
The interest is higher because it's perceived by the markets as higher risk. Maybe if you eliminated swj degrees with no job prospects that would change.

>gave them to Clinton
never happened

also he is refusing the DNC access to his campaign mailing lists for funding

how do people default on student loans? declaring bankruptcy doesnt remove any college loans

My Women's African American studies degree is worth it!

Haha, yeah fuck my family right? What about those other families that bought stuff they couldn't afford?

You're all forgetting it's literally impossible to discharge a student loan. You can straight up take money out of their paycheck before they even get it for life. Hell, you can take money straight out of their welfare check. You can take money out of their /family's/ checks.

In fact, until recently, your family had to pay even if you died.