The problem is that the rich can't keep getting richer if the middle class loses their spending power.
The biggest threat to the rich is the threat of inflation eating away at their cash. The larger the amount of cash they have sitting around the quicker the rate of decay. So they feel enormous pressure to "invest"...usually. The best investment are in capital expenditure in various businesses which lead to job creation.
At some point big biz and big bankz are going to have to take on risk again.
There is little incentive to do so now as the government is giving away money to wall street and wall street is selling that money for a small but decent spread (2.5%??). So the money piles up risk free.
What these kids should do is wait until they are 25 so they can qualify for many different kinds of financial aid. They won't have to report their parent's income. They can do it all on their own and when it is time to 'walk' they can leave their parents at home.
I was able to pay for school by working part time until around 2005. I then had to take out loans because college expenses were rising (compounding) at 6-7% a year. I would usually ask my parents for help, which meant buying a book or two.
The student loan bubble will be much like the housing bubble. They will create secondary market products and swaps to back these loans and play a game of "hot potato".
It's going to be very interesting to see what happens.
Even if bound in handcuffs I would laugh. Dribbles of urine would stain my prison jumpsuit as I laughed about the grandmother (aka, The Old Bitch) who received a phone call at 3am to remind her what Michele Plumply truly thought of her.
God is the thought of such a phone call funny.
It's almost as funny as that one time I convinced Casin Serin to call James at work live on webcam. Almost.
You just know that those two beat off to dudes wearing lots of makeup, bending over and tucking their junk between their legs.
In fact, I bet Ferret has a section of his closet dedicated to high heels, hot pants, and feminine napkins. You gotta tuck one of those feminine napkins underneath your balls to fully mutate, according to Ferret.
What I heard was that someone called Inky's grandmother and dropped a dime that Inky referred to her as "The Old Bitch".
That was around the time where Ferret was giving her advice on how to get on mental disability with the U.S. government.
You couldn't make any of that up, it was a hilarious read.
Another hilarious read was Inky admitting her fear over having to study elementary algebra in order to pass some low level nursing exam. What was comedy gold was Ferret saying that "algebra was hard" but that he would "help her if needed".
What a couple of ultra low IQ morons.
God damn it was funny reading their pm's and *other* sources of personal matters.