May
26
2012

#rsrh Shorter Wall Street Journal on Student Loan Bubble…

when it pops, it’s going to end up with the federal government holding the NON DIS-CHARGEABLE BY BANKRUPTCY loan papers on several micro-generations of students – definitely to the tune of over 400 billion, very likely to that of 500 billion, and very possibly even higher.  This will not topple the government, but a bunch of voters are about to discover that what Uncle Sam giveth, Uncle Sam can taketh away… and that Uncle Sam is a lot more hard-nosed about the latter than the former.

Via @iowahawk.

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