But this nationalization should serve as a cautionary tale for others — such as health insurers and the tourism industry — looking to latch onto Leviathan’s teat.
For a business, getting in bed with Uncle Sam is like marrying Henry VIII — you may reap benefits you never could have gotten on your own, but history suggests the affair won’t end well for you.
Friday, March 5, 2010
The cautionary tale of the student loan industry
The student loan industry will soon be dead. Other subsidy sucklers should learn a lesson here. My column teaches the lesson: