Trillions in Bad Loans May Sap World Economy for a Long Time

Re:Trillions in Bad Loans May Sap World Economy for a Long Time by gozur88 on Thursday February 04, 2016 @03:08PM (#11036782)

>This is a really good point. My gut tells me that if the old people were relying on the massive indebtedness of today's college attendees, then that has been a cruel error on their part, an injustice that should be righted.

It's a "cruel error" to lend somebody money?

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Re:Trillions in Bad Loans May Sap World Economy for a Long Time by ruds on Friday February 05, 2016 @04:17PM (#11044699)

I think the cruel error is to (1) make something (nearly) necessary for a prosperous life, (2) make it ruinously expensive, and (3) offer to loan money to people who have little choice or financial sophistication (4) at terms that are highly favorable to the sophisticated creditor.

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Re:Trillions in Bad Loans May Sap World Economy for a Long Time by gozur88 on Friday February 05, 2016 @05:23PM (#11045108)

Well, okay. Then the problem is the government, not the people actually doing the lending.

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