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Mark Cuban is known to many as a billionaire entrepreneur, influential businessman, owner of the NBA Dallas Mavericks, and host of CNBC’s Shark Tank. 

Cuban has been in the media recently discussing his opposition to “easy money” which he defines as money that is guaranteed by private education loaners like Sallie Mae and public education loaners like the Federal Government.

Check out this must see 1:25 minute video clip of Mark Cuban presented by Inc. Magazine.

 

Mark is certain that over $1 trillion dollars of student loan debt is having a significant impact on holding back economic growth. His reasoning is it’s causing graduating students to have little to no purchasing power because any income graduating students are making is going towards paying back their massive loans.

Thus, this affects the housing market, automobile market, clothing market and anything else that isn’t a necessity.

Watch his latest video on CNBC here where he goes into further detail about how access to easy money will only lead to another bubble burst.

 

Do you think Mark Cuban has a point? Let us know in the comments below, or on Facebook & Twitter

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