Friday, May 4, 2012

Lawrence Meyers at InvestorPlace.com says, "profit from" the misery created by the student lending crisis

So, Lawrence Meyers over at InvestorPlace.com wants everyone to know that we shouldn't be angry about the student lending crisis. In his piece, "How to Profit From the Student Loan Bubble," he spews out a bunch of advice to help all of you greedy investors make some bucks from this wonderful form of debt bondage!

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!"
So, yeah, the crazy conclusion is this: it's great to be greedy. Who gives a sh*t if it's at the expense of others? I mean, if you can make a profit, then you are good to go. Then you can by that big-a$$ RV that guzzles gas and drive it all over the U.S. While you're out on the road, you'll probably see more homeless people like I did when driving across country again. There are more of them. Also, you'll see more abandoned homes and abandoned animals. But, hey, you made a profit and you deserve that trip across America Miseryland.

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!


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