- Ed “You may have already won $10,000,000” McMahon is being foreclosed
- Imagine the horrors as the rich get slightly less rich: “THEIR spouses could leave them when they discover that their net worth has collapsed to eight figures from nine. Friends and business associates could avoid them as they pass their lunchtime tables at Barney’s or the Four Seasons. And these snubs could trickle down to their children.”
- Or what about the plight of the second homeless?
That last one may not be entirely serious. But the news that banks have started being selective about student loans, even though these are federally guaranteed. Students at community colleges and the like –usually the poorer part of the student population– are being refused loans based on the college they go to. Not all banks do this, but if this is a trend, it’ll mean even higher barriers to upward mobility than already exist in the US.