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Troutman Pepper Weekly Consumer Financial Services Newsletter - March 2023 # 3 | Troutman Pepper

Transcripts for MSNBC Ayman 20240604 02:08:00

caught up in all of this washington speech, that ceilin is not a term that peopl understand but for your viewers, imagin that you got a job, you got salary, you went to college, you took out some student debt your body mortgage, and then you started calling up you student loan service, and your mortgage company instead i decided i m not going to pay what do you think would happen that is essentially what the debt fight is. we have chosen through various congresses to set taxes an income at certain levels t take on various expenses t provide social services. and by the way, if you have no noticed, global markets kind o like investing in the u.s. we are still a very effectiv place for countries around the world to put the money and we are able to do that, i not saying that we should no be concerned about the debt, but to decide not to pay is to completely destroy the economy i mean, you have not see anything silicon valley bank that i what is coming if we start defaulting on our debt an

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