|This dairy cow wrote an article for InvestorPlace too. He doesn't entirely agree with Meyers.|
Meyers makes it clear. Don't be angry. Nope. Instead, you should profit from the fiasco. Oh, and he places the blame on "fiscally irresponsible" states. Yeah, uh, that's a really nuanced understanding of the crisis, dude. Way to go with that neoliberal-mumbo-jumbo. The states and the local governments are to blame. It has nothin' to do with how higher education has been privatized and led to the creation of a fake, greedy, usurious industry. Nope. You got it right, Meyers.
|"Man, like, I'm not sure that what you're sayin' is, like, totally true . . ."|
On a side note, I'd like to ask Meyers, so what if 36 million people - that's how many people have outstanding federal loans - took your sagely advice, and invested in the companies you suggest. How would that turn out? I'm curious.
We know that these folks, however, can't invest in the balloon, because they are barely making ends meet. But this great guy wants you to invest in the bubble that is destroying millions of lives in your own country, and eroding higher education. That's how you're a real patriot! You invest in stuff that hurts other people! Great work, Meyers. Classy advice.
|Hmmm . . . maybe she's onto something . . . (Photo Credit: AP/Peter Dejong)|
He closes with this great remark: "Keep your eye on the situation — more profits can be made from this kind of uncertainty." Ah, yes, spoken like a true capitalist. Just turn a profit, and don't ever, ever consider issues surrounding morality or ethics. That's just silliness!
|"I just made a huge profit on student loan debtors' debt! Thanks, Larry!"|
Also, don't think about generations to come who will join the ranks of the indentured educated class. Nope. Just make that profit. Look out for yourself, and to hell with the rest of us!