Debt Moratoria Redux?

Many years ago a voice in the wilderness cried out for a debt moratorium for the third world. Maybe now the futility of propping up fat cat financiers might hit the mis-educated upon their collective craniums. (perhaps I ask for too much...)

 According to the College Board’s Trends in Student Aid study, 10 percent of people who graduated in 2007-8 with student loans had borrowed $40,000 or more. The median debt for bachelor’s degree recipients who borrowed while attending private, nonprofit colleges was $22,380.