Universities should take note. This is a good example of the market system. If
the gov't had been out of the student loan process, then universities would
be cutting costs or improving the product they produce so their students would
get better jobs. But in general they aren't. Because the gov't
influx of cash w/ Sallie Mae allows them to not have to worry about it. But
even the Liberals are on them now... won't be long til they have to fix
Good! I'd love to see people work for what they get.College is
so much better when combined with over coming stuggles.
student loans harder to find - just another example of what happens when the
government tries to "help".
Social Security is enacted. Most companies cease offering pension plans.Fannie and Freddie offer low cost loans. Conventional home loans dry up.Obama loans money to students. Banks exit the market.The value of
money is near zero. Banks are unable to offer attractive rates to investors.
This will not end well.
Amazing how people can be hurt, but can't figure out who did it to them.