[gillianlish]

also "subprime financial products bundled together and resold as low-risk investments to massive institutions" combined with "moral hazard" of said institutions knowing they will be bailed out again by the taxpayers when the speculative bubble bursts.

also Student Debt cannot be forgiven in bankruptcy so you essentially have an entire generation of indentured servants who will never actually own property outright.

[idiot_stick]

>also Student Debt cannot be forgiven in bankruptcy so you essentially have an entire generation of indentured servants who will never actually own property outright.

This is an issue, but can vanish with the stroke of a pen.

[vwcx]

A pen being wielded by a man with no desire, or knowledge, or forethought, to do so.

[pm90]

You are forgetting that if large enough section of the population is wronged/backed into a corner, they are going to protest/rise/riot. It certainly seems to be heading that way...I would be seriously worried if I were one of these student loan companies that are giving loans to people with no prospect of getting paid back.

[twoodfin]

Student loans are now almost entirely held by the taxpayer.