"we should punish prudent people who bought an asset with certain government guarantees and reward imprudent students who get to keep the asset that they purchased with the debt"https://twitter.com/EpsilonTheory/status/1143561069664845824 …
> Morally, that sucks In the moral realm, things don't "suck" or "don't suck". They're right or wrong, acceptable or unacceptable. If you think it's acceptable, I'd like to hear your argument. > tempus fugit. I'm not sure how that concept ties into this argument.
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a) Morally: a1) It is wrong of the government to change the rules so drastically but when it comes to governments doing that, hey, fish gotta swim, birds gotta fly. a2) It is wrong, or at least professionally unethical, of the advisor not to advise them of the risk change.
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b) What was a sure thing twenty years ago is no longer a sure thing. If I were king, I'd probably let your parents sue the advisor for not advising them about the change in the risk environment, but the risk environment changed. Caveat investor.
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