Home | About Us | Our Advertisers | Contact | Subscribe
Business news without the bullshit
The new bubble and next crash
$1 trillion in debts and growing
The scam of the century
This is a big one.
Think this through...Borrowers with no assets and no incomes are given 100% financing on an "asset" that is actually not much more than thin air.
The government guarantees payment and the borrowers are not permitted to discharge the debt in bankruptcy,
Colleges and universities feel free to jack up their prices without limit because the next generation of suckers...I mean students...has been brainwashed into believing that getting a four year degree is a "must" for any kind of life success.
After all Bill Gates and Steve Jobs graduated from college, right?...Ooops, they didn't, did they?
End result: Kids start life with crushing debts that reduce their freedom and ability to consume.
What would have happened if Steve Job started life with a $500 a month student loan payment?
For more Banking malfeasance videos, click here
See the complete catalog of
real econ tv videos
Subscribe to RealEconTV
Subscribe to RealEcon TV - free
Every time we post a new video,
we'll send you a notice by e-mail.
The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.
NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.
The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.