Thursday, October 06, 2011

Scary Stuff

We are the 99%. I don't know what to say. They want to occupy Wall Street, but it strikes me they ought to have a bigger issue with college and grad school debt, which is more of a function of government sponsored student loans and colleges inflated costs than Wall Street.

I suppose it is a little too easy just to dump all the responsibility on people who took school loans and home loans. For the most part, they are simply guilty of buying into the American dream. But again...is Wall Street really guilty here? These bubbles were partially the result of government policies designed to get more people to own homes and more people to attend college. It worked...at a cost, many of the people who chose it are now bankrupt.

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