2012-04-13 —

``... as the Economist reports, some California students have a modest proposal to the symbiotic University-Banker net worth extraction mechanism -- shove your debt. Instead, they will pay for their unaffordable education (except when funded with copious amounts of unserviceable and non-dischargable debt) with equity... In essence: both university and bank would be exposed to unlimited downside, which as we all know, is a viable option only if the banks know they will be bailed out should things turn sour.''

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