Game of Loans, Vol. 2: A Consumer Guide to Non-Payment Methods
25th August 2013
You cannot be faulted for thinking the bureaucracy in this country is comprised chiefly of fools, mad-men, and criminals.
The Wall Street Journal story offers an example of our-government-in-action, which tends to confirm the above assessment.
The Consumer Financial Protection Bureau performed a genuine public service this week by alerting taxpayers to the tidal wave of student loan defaults coming their way. Too bad the intention was also to alert student borrowers to ways they can avoid repaying those loans.