The Great Unanswered Question

Disclaimer: I’m not an economist and I’m not proposing a solution to this problem, this is simply a morbidly humorous satirical take on why banking is such an unjustly profitable business and how it is now, after causing global crisis, descending to pick at the bones, starting on our education system.

The premise: It is universally accepted that the sub-prime mortgage crisis triggered the global financial disaster. Sub-prime mortgages were loans sold to poor people to buy houses. A house, worth purchasing by it’s nature has two critical properties that education doesn’t:

1. Under normal circumstances it rises in value in real terms every day.

2. It is a tangible item that can be re-sold, re-mortgaged and is generally, well, a real thing that you can put your hands on without needing a time machine.

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