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Sunday, May 12, 2013

College debt bubble mimics housing bubble, bankers say

The Federal Advisory Council, made up of 12 bankers who meet quarterly to advise the central bank, warned that farmland prices are inflating "a bubble" and growth in student-loan debt has "parallels to the housing crisis," which was the primary cause of the Great Recession in the U.S. Their alarm comes at a time when financial heavyweights on the ... (more)

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