Lee Siegel writes a powerful philippic for the New York Times Sunday Review entitled “Why I Defaulted on My Student Loans.” It may not be entirely clear from his rant that he’s no kid, but the same age as me. That being so, I call bullshit. Siegel is full of crap and playing his audience for fools.
Siegel begins his facile spin in his first paragraph, painting the banker who gave him his student loan as his own personal merchant of Venice.
ONE late summer afternoon when I was 17, I went with my mother to the local bank, a long-defunct institution whose name I cannot remember, to apply for my first student loan. My mother co-signed. When we finished, the banker, a balding man in his late 50s, congratulated us, as if I had just won some kind of award rather than signed away my young life.
No. The “balding” man, an interesting detail recollected by someone who can’t recall the bank, didn’t congratulate Siegel “as if” he won an award, but as if he was just enabled to get an education. It might fairly be said that is a prize, a college education which he would otherwise not be capable of obtaining. Continue reading
