califjim Wrote:
Jan 06, 2013 1:44 AM
For years the government has increased its underwriting of student loans. Any student who can fog up a mirror is suddenly now able to get loans to further his education. This all seems an insane echo of the government mandated loans to the unqualified that led to the real estate bubble and subsequent recession. Over a trillion dollars in student loans with very questionable prospects for repayment. What could go wrong?