Date: May 12, 2013 7:11 AM
Author: Haim
Subject: Re: Did Someone Say, "Bubble"?

Bret Taylor Posted: May 11, 2013 1:14 PM  

>I have zero sympathy for a person who gets so far in
>debt in college loans that bankruptcy appears the only
>way out.
>
>I have even less sympathy for whichever institution
>loaned them the money.


Bret,

In the history of humanity, no bank has ever made a living by lending money to people who cannot pay it back. You have to ask yourself the question: What's different this time?

Haim