The Off-Balance Sheet Student Loan Scam

[traelin0]

Inquiring minds have been wondering why the federal debt has been rising far faster than cumulative federal deficits. The short answer is off-balance-sheet scams like student loans and Fannie Mae and Freddie Mac "assets".

A complete explanation comes from WC Varones in his post Mystery solved: the difference between the deficit and the increase in national debt

globaleconomicanalysis.blogspot.com/2011/01/budget-deficit-accounting-fraud-and-off.html