So there may be a higher propensity to spend in some sectors, but there will be a lower propensity because the debt burden. Let me ask you, Are you disturbed about the political and the Wall Street Journal stories. I was reading about how the law school graduate schools are gaming that program. Does that concern you? Because it sure concerns me. There are, as we saw in the run up to the financial crisis, the incentive misalignment between those who broker loans or offer loans and their alignment with investors or others can lead to very disastrous consequences. (12:11–12:24)
CLAIM
Asserts concern about law schools allegedly exploiting student loan forgiveness programs.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
