Peter Schiff on Bloomberg 4-17-08
$68M of student loans required this year to fund educations, but BoA decides to halt/discontinue their student loan programs.
Peter Schiff's take: This action will cause Universities to cut back on expenditures and tuition will (over time) fall/become more affordable.
Regarding recent Merrill Lynch $6.5B write-down and subsequent stock rally: Peter says people are believing the fed won't let ML fail -- though they should. Peter still thinks US stocks and the US dollar are in serious trouble...