From today's NYT:
Dear Mr. Bernanke and Mr. Paulson:
My student loans are too big and it is hurting the economy. Can I have a bailout, please? I need $92,000.
Thanks.
Nathan Kottke
Here's why this won't work. First, the loan is way too small. Second, investing in higher education is oftentimes highly worthwhile. Nathan needed to take out much, much, much more money and then invest it in worthless assets in order for the government to come to his rescue.
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