In America, people with lots of money can easily avoid the consequences of bad bets and big losses by cashing out at the first sign of trouble.

Economies are risky. Some industries rise, and others implode, like housing. Some places get richer, and others drop, like Atlantic City. Some people get new jobs that pay better, many lose their jobs or their wages.

You might say those who can't repay their student debts shouldn't have borrowed in the first place. But they had no way of knowing just how bad the jobs market would become.

Robert Reich Quotes