Submitted by [deleted] t3_11c3yq2 in wallstreetbets
Dpope32 t1_ja1p4xn wrote
Reply to comment by mehmeh42 in Why SoFi is Poised to Take Over the Fintech Industry: An In-Depth Analysis by [deleted]
Fingers crossed. I know multiple people who are holding until Biden has a clear answer on loan forgiveness.
mehmeh42 t1_ja2jvox wrote
Either it is forgiven to not destroy the banking system as a whole from losses on A/R reductions on the BS and the gov pays, driving inflation higher. Or the gov forces people to start paying their loans back and A/R turns into Rev which wii be returnable earning rises …
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