More of this is hitting the news. This video gives more details of the education bubble. To me the big question is this, is the free market being prevented from equalizing the student loan debt situation because student loans are not bankruptable? If bankruptcy is the great “do-over” allowing citizens to recover from untenable financial situations … Read more
Banks got a bailout when they acted irresponsibly, but they aren’t passing that cushion on to consumers, they are slamming them with everything they’ve got.
Is shareholder capitalism being replaced by stakeholder and labor preference? Obama seems to think it should.