Posts Tagged ‘higher learning’
LTNV: Loan-to-no-Value

We all bore witness to the financial meltdown. We all know it was caused by sub-prime mortgages and greedy financial engineering and that it was exacerbated by a flailing auto industry, a deregulated, price-gauging credit card industry, and a general population who had to learn not to live beyond their means the hard way. We have all suffered as a result. Yet, the one endearing doctrine of value throughout the history of this country has been education. The value of a good education, our parents told us, was the foundation for a successful professional life. Well, call me a pessimist, but the more I think about it, education is what is going to cause this country’s next big economic disaster. How so? Let’s take a look…. Read the rest of this entry »



