Risk reduction

There has been increasing talks about reducing the risks in our economy. While I’m not suggesting the following, but people can’t be all that serious about reducing risks if they aren’t including in the option to wipe out student debt. We have a trillion dollars worth of debt borrowed by people who make very little money and who have nothing. Essentially, most people have negative equity in their own lives. It’s hard to take an argument to reduce economic risk seriously when almost all of consumer debt can be paid off by people who can afford to pay it off while improving both the lives of debtors and the economic system by having paid for education.

Just a quick thought this crisp Saturday morning in New York.

 


Marcus Maltempo is a compliance professional with more than a decade of experience helping banks, law firms and clients manage investigations and regulatory responses. He is a member of ACAMS and ACFE. 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s