Obama and McCain promise that their policies will save you from the surging costs of food, fuel - even your mortgage. But just wait until you've got a $20,000 dollar unpaid tuition bill sitting in your mailbox.
The cost of attending college at a private university is up 60% in the last decade, but as Truman once said, "It's amazing what you can accomplish if you do not care who gets the credit."
With that in mind, I propose a solution that's been suggested before, but no one's had the chutzpah to put into action. Instead of paying for college upfront my new system would promise your university a small percentage of all your future income. Turning your brain into a fast money investment for your alma matter and providing a fairer, more efficient way to fund the education of every American citizen.
Okay, so we're having some fun here, but Finerman is dead serious about this idea and really does think the initiative deserves further investigation. “It was suggested to me by a well-known politician,” Finerman reveals to the traders. “They suggested 1.5%. I like it because everyone comes out of school with no debt."
I'm Karen Finerman, and I approve this message.
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Trader disclosure: On Sept 10, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (WMT), (MSFT), (UUP); Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Najarian Owns (AAPL) And (AAPL) Collar; Najarian Owns (KR) Calls; Najarian Owns (RIMM) Call Spread, (XLE) Call Spread; Najarian Owns (XLF) Collar; Najarian Owns (LEH) Put Spreads; Najarian Owns (MS) And Is Short (MS) Calls; Finerman Owns (GS); Finerman's Firm Owns (MSFT), (TSO), (VLO), (AEO); Finerman's Firm Is Short (BAC), (WFC), (XLF), (IYR), (IJR), (MDY), (SPY), (IWM), (KSS); Finerman's Firm Owns (DNA) Calls, (IRF) Calls; Finerman's Firm Owns Shares Of SeaDrill Limited