Investing in Yoga Instructors

Here’s an interesting article from Bloomberg on the phenomenal growth of the school loan market.

Sales of student-loan backed securities grew almost five times as fast as the $1.97 trillion asset-backed bond market last year, according to the Bond Market Association, a New York-based trade group of dealers and underwriters. Bankers are packaging anything that resembles student debt, including loans for college, primary school, tutorials for casino dealers in California and yoga instructors in Iowa.

I didn’t know that in bankruptcy, you can wipe out your credit card debt, but not your school loans.

Posted by on July 14th, 2006 at 9:28 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.