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Bernanke circa 2007:
At this juncture . . . the impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained
Bernanke circa 2012:
“I don’t think it’s a financial stability issue to the same extent that, say, mortgage debt was in the last crisis because most of it is held not by financial institutions but by the federal governmentâ€
http://www.marketwatch.com/story/trading-caps-and-gowns-for-mops-2012-08-22?link=MW_popular
At least high school dropouts don't have $50-100k in student loan debt.