All the news the New York Times "forgot" - to print

Saturday, December 08, 2007

The next subprime meltdown...?

A few days ago I mentioned to someone that I thought student debt was going to be the next sub-prime meltdown.

Well, guess what WSJ's headline for tomorrow morning is:

"Student-Loan Problems Add to Debt Worry."

Perhaps having thousands of young people going up to their eyeballs in debt will finally begin to have consequences. God help us now!

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