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Topic: Re: Did Someone Say, "Bubble"?
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Petrak, Daniel G.

Posts: 5
Registered: 9/6/11
Re: Did Someone Say, "Bubble"?
Posted: May 12, 2013 1:42 PM
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Sorry...to a bank that grants them.


Sent from my Galaxy S®III



-------- Original message --------
From: "Petrak, Daniel G." <dgpetrak@dmacc.edu>
Date: 05/12/2013 10:18 AM (GMT-06:00)
To: mathedcc@mathforum.org
Subject: Re: Did Someone Say, "Bubble"?


The government guarantees these loans so there is little risk to a bank they gives them.


Sent from my Galaxy S®III



-------- Original message --------
From: Haim <hpipik@netzero.com>
Date: 05/12/2013 9:38 AM (GMT-06:00)
To: mathedcc@mathforum.org
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
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