I work for a government contractor which the accounts for the Department of Education as
a customer service representative.  I have heard the complaints about the services for the
last four months since I started working there.  They are, to say the least, rightfully angry
they were never given warning.  Payments frequently go missing once the accounts are
transferred to the servicers, and many of the callers tell me their credit is now ruined
because of DOEd’s blatant lack of transparency with the borrowers. 
    This is the least of the problems with the Education Departtment.  The entire
department is simply rife with corruption with regard to student loans, and trust me, the
servicers are simply the tip of the iceberg.  The contractor is actually owned by General
Dynamics, the fourth largest defence contractor, with profits in the billions but has not paid
any corporate taxes since 2009, and chances are, with it’s acquisition of Vangent, the
contractor (which, by the way, also handles Medicare, and whose “beneficiaries” are
being swindled by Big Pharma and the insurance companies). 
    I could go on, but I have a feeling I’d run out of space.

This article shows that the finance world is a shell game where those with loans
are manipulated from one shell account to another. When Citibank was having
trouble I was shifted to CIBC. The banks buy and trade accounts just like any other
derivative. These maneuvers, I think, are behind the problems that European
countries are having and the consequence that their debt is shifted to more sticky
fingers. Corporations and governments like in Greece are complicit in the game
and the result is the enslavement of the populations. Housing prices have dropped
in the U.S. for the sixth straight month. In my view this is indicative of people that
are catching on to the shell game. If people lose faith in the hope of winning at
the shell game, they walk away and don’t play. This does not bode well for the
future of the global economy.