Reply To: tuition and home buying

Squeak,

I’ll reiterate,”By inherent nature of the CR, i know nothing about you. i think we can agree that we’ve made assumption on behalf of the other, some accurate some not-so-accurate. I can address the points you mentioned but it would simply cause this topic to snowball into a technical discussion of collateralize debt obligations.”

he’s a quick snapshot of part of my resume.

i started working in the RMBS world in 2006, the housing bubble was alive and well. my teams main client was Bear Stearns and JP Morgan. (i later worked on many Homebanc, Wells Fargo and Greenpoint deals as well). i had a front row seat at the rise and fall of the market.Talking to investors who were crying on the phone and watching the cash flows ,or lack there of, deteriorate earns me a little understanding of the severity of this topic. needless to say i had tons of business contacts at Bear Stearns who were let go.it was a difficult time for many and i had box seats…

In 2010, I had numerous lengthy conversation with a board member of the FCIC (Financial Crisis Inquire Commission http://fcic.law.stanford.edu/) during their interview/research phase, we spent many hours discussing structured finance, he found my insights and knowledge helpful and useful during the interrogation of CEO’s and board members from the across the financial sector.

Again, lets disregard the securitization idea and focus on other ideas. I agree that no one would buy this bond, and i hope no one would be so crazy to ever create such a deal.I also agree the default rate would be close to 100%

lets get back to tuition’s.

is the current tuition model broken? yes/no

is the current tuition model sustainable? yes/no

do you have any ideas suggestions to improve the frum economy? Fixed fee tuition that everyone must pay? shared sacrifice?etc…