We need to align the incentives so that colleges have an incentive to keep down their costs... to graduate students on time with degrees in areas where they're going to be able to get jobs and going to be able to pay back those loans.

The financial services industry has seemed to treat the crisis like a little rainfall - inconvenient, but no significant changes needed. The real question moving forward is how the industry will respond to Wall Street reform and growing public anger.

The bankers might not have said it in so many words, but gradually their strategy emerged: Target families who were already in a little trouble, lend them more money, get them entangled in high fees and astronomical interest rates, and then block the doors to the bankruptcy exit if they really got in over their heads.

What do the Republicans say? Donald Trump? They say they're just going to roll back the Dodd-Frank regulations. They want to undermine the Consumer Financial Protection Bureau.

President Obama believes in a level playing field.

I grew up in the Methodist church and taught Sunday school, and one of my favorite passages of scripture is, 'in as much as ye have done it unto one of the least of these my brethren, ye have done it unto me.'' Matthew 25:40.

My mother said, if you don't have the cash, don't buy it. And on that, my mother was right.