Bailout
Dear Secretary Paulson,
Like many on Wall Street during the dizzy height of the housing boom, I leveraged myself heavily to purchase assets the market assured me would increase in value. But instead of subprime mortgages, I invested in a AAA-rated master's degree from a very reputable institution. The returns on this investment have not met expectations, leaving me with debt I cannot repay.
I'm ready for my bailout now. Don't do it for me: do it for the good of the American people. My failure to repay could send disastrous reverberations throughout the student lending market, a sector as yet unaffected by the rising tidal wave of financial disaster. And best of all, you can bail me out without having to worry about the ill effects of trillions of dollars of additional national debt. My debt can be purchased for a mere $50,000.
I'm expecting your call.
Sincerely,
Meredith
Like many on Wall Street during the dizzy height of the housing boom, I leveraged myself heavily to purchase assets the market assured me would increase in value. But instead of subprime mortgages, I invested in a AAA-rated master's degree from a very reputable institution. The returns on this investment have not met expectations, leaving me with debt I cannot repay.
I'm ready for my bailout now. Don't do it for me: do it for the good of the American people. My failure to repay could send disastrous reverberations throughout the student lending market, a sector as yet unaffected by the rising tidal wave of financial disaster. And best of all, you can bail me out without having to worry about the ill effects of trillions of dollars of additional national debt. My debt can be purchased for a mere $50,000.
I'm expecting your call.
Sincerely,
Meredith