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I didn’t like the play, but then I saw it under adverse conditions. The curtain was up.
What’s on your mind today?
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All booms and busts follow the same patterns:
So You Want To Short The Student Loan Bubble? Now You Can
SecondMarket Holdings… “will roll out a platform allowing lenders to issue securities backed by student loans directly to investors.”
Oops, forgot the link:
Wow that’s scary.
“…is driven mainly by investors’ growing appetite for student loans, said Barry Silbert, founder and chief executive of SecondMarket.
“The catalyst for this new suite of services is investor demand,” said Mr. Silbert. “At the end of the day, investors are yield searching.”
And the only way to stop them is to make education only available to the rich. GREAT!
4 – was that the proposed solution? I didn’t read that part.
As far as I am concerned the best cure is to stop handing out worthless degrees.
I do not believe your anonymous blogger offered a “solution”.
The link I offered also did not offer any solution as they were touting “All told, lenders are expected to issue $25 billion to $30 billion of student-loan backed securities in 2013, said Michael Moro, a director at SecondMarket specializing in fixed-income trading.” Their “focus” does not seem to be on any solution, they are apparently aware of how hard this debt is to get out from under.
I do not see it as a big stretch to see that stopping the loans is the only “solution”; no one will be allowed to stop those investors. Why would there be any agreement on what is a “worthless degree”?
Apologies, Sandi. I didn’t realize it was the solution you proposed (antecedents can be tricky). I don’t agree with you that the solution is to limit higher education to the wealthy.
Oh quite clearly I was positing a “solution”. Wow.
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Fri, 24 May 2013 22:01:28 +0000