Peter Schiff vs. Diana Carew on Student Loans bailout

The Government Should Not Be in the Student Loan Business says Peter Schiff.... Barclays warns student loan defaults are underestimated by at least $225 billion. Peter Schiff, Euro Pacific Capital, and Diana Carew, Progressive Policy Institute, debate whether the government should have gotten involved in the first place.

Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.