Debate over student loans heats up and Icahn has proxy war

Bernanke-confidant Janet Yellen is in the lead to take over should Ben step down next January. And are for-profit universities similar to those predatory subprime chop shops that fed the housing bubble? That’s what Nobel prize-winning economist Joseph Stiglitz suggests. We talk about a potential bubble with Mish Shedlock and chart some of the drama with Prime Interest producer Justine Underhill. Finally, there’s a lot of money sloshing around the equity capital markets but, as we’ve seen in the last few years, the IPO market can easily be shut down, whether it’s the debt ceiling debate or an IPO blunder itself, like last year’s Facebook offering.

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