Comment brilliance that only ZH can provide:
trade your Ipad for a Maxi Pad to stop the bleeding in the stock
The guy who shouted “I can’t eat an iPad” probably never thought that iPads would actually be used as collateral against the currency he uses to buy his food….
And further down into the rabbit hole!
Bingo. Every day half the people I run into outside of work are doing the same thing “I go back school… get job”. Some already have staggering amounts of debt accumulated. Considering that it is simple as sliding the range finder to the max on the loan amoant and then pressing the “Get Money” button for students I am surprised that the bubble hasn’t burst already (I wish I was making this up…. Students can literally log into their online account and get up to $15,000 a semester depending on grants available etc.). Far too many long term unemployed are surviving this way and it only gets worse once you consider that they are working on degrees for saturated areas of the job market. Factor in the diploma mills (I realize it has become harder to tell the difference between the mills and the universities) and I foresee the concept of higher education being devalued to a point where only the core specialties will have meaning.
An it goes on and on from there…