MissDiem OP t1_j6f0mlx wrote on January 29, 2023 at 9:52 PM

Reply to comment by UrbanTruthMan in The next big junk heap to rally by MissDiem

> I think they are going to outperform

Can you clarify, who will outperform? SOFI? Or money center banks?

You say SOFI is blue chip clients but my impression is its young people, young graduates. Hence why they've been slammed every time there's a student loan related headline.

One theory is if the GOP succeeds in killing off the remaining parts of student loan forgiveness (most people don't realize there's already been a lot of beneficial student loan relief) that could be good for SOFI, who will basically be the go-to institution of choice for that braid demographic.

UrbanTruthMan t1_j6hs9p0 wrote on January 30, 2023 at 12:46 PM

SoFi out performs. Banks perform well during high interest rate periods. Their risk is default but SOFI has discussed their selection process for lending and they want 750 credit scores and currently employed individuals to lend to.

And yes the GOP will try to kill off anything that benefits individuals and not corporations.