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Breach of the Social Contract

Until I studied banking and Wall Street, I was the most-useful idiot mankind had ever seen- a libertarian.  People would complain about unfair deals, to which I would answer, "It's a free market."  The bailouts forced me to re-examine my libertarian assumptions.  A detailed study of Wall Street and modern banking and general leads me to only one conclusion: Lynch mobs should be forming. My student loan with Sallie Mae offers a typical example of the subtle theft that occurs daily.   Unlike many people who went to law school, I have no regrets.  I love what I do - at least insofar as anyone can love work.  I do not regret financing my education through debt.  Once I graduated law school, I began repaying my student loans.   Tonight - on the advice of someone more cynical than myself - I audited my student loans...continue to full post

Full post as published by Crime & Federalism on July 30, 2010 (boomark / email).