tag:blogger.com,1999:blog-6244999628674918029.post4996120143708779913..comments2024-03-28T09:43:20.058-05:00Comments on Bayou Renaissance Man: Sticking it to America, one more timePeterhttp://www.blogger.com/profile/10595089829300831372noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6244999628674918029.post-39274495545870836442011-10-30T04:37:01.351-05:002011-10-30T04:37:01.351-05:00Part of the credit bubble prior to the 2007 collap...Part of the credit bubble prior to the 2007 collapse involved a major ramp-up in the student loan programs. And yeah, some kids got "degrees" in stuff like "Lesbian Hispanic Studies" or somedamnthing. But not all of 'em.<br /><br />Knowing that credit was now much easier, state governments pulled funding from the colleges and universities knowing that student loans could make up the difference. And then in 2006, suspecting that a bubble was forming, student loans became ineligible for bankruptcy proceedings.<br /><br />What the "Occupier kids" are now complaining about is that first, taking on all that debt for a degree was necessary due to government decisions (true), and that no "bankrupcy out" is available to them <b>when even more obvious "bailouts" are available to the super-rich and esp. the big banks</b> (also true).<br /><br />So...yeah, actually, they have a point...well, except for the ones that went for the silliest possible "degrees". Esp. when you consider that the total US student loan debt is now higher than the entire US personal credit card debt.Jim Marchhttps://www.blogger.com/profile/16830919998461849806noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-5367353569543257352011-10-27T23:12:18.811-05:002011-10-27T23:12:18.811-05:00Formynder-
Yep you are right this only effects .g...Formynder- <br />Yep you are right this only effects .gov issued loans.erikohttps://www.blogger.com/profile/06177937448513847920noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-15524813634632838272011-10-27T16:36:09.900-05:002011-10-27T16:36:09.900-05:00Eriko-
Except that most of the student loans are ...Eriko-<br /><br />Except that most of the student loans are given directly from the government, the old policy of having the government insure loans under a program for the banks was centralized after 2008.<br /><br />Even if this ends up not costing taxpayers more money, I see one immediate consequence that of fewer student loans being made available.Formyndernoreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-47535680859313969432011-10-27T12:35:46.274-05:002011-10-27T12:35:46.274-05:00Closet Zappa fan? I love it!Closet Zappa fan? I love it!HeroHoghttps://www.blogger.com/profile/02157411044318901668noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-74376829477946710452011-10-27T09:23:52.893-05:002011-10-27T09:23:52.893-05:00Vote buying anyone? One analysis of the program s...Vote buying anyone? One analysis of the program says it will 'save' a grad less than $10 per month. <br /><br />http://www.theatlantic.com/business/archive/2011/10/obamas-studentloan-order-saves-the-average-grad-less-than-10-a-month/247411/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-65300011565794601652011-10-26T23:59:45.873-05:002011-10-26T23:59:45.873-05:00So the school that I went did not have underwater ...So the school that I went did not have underwater basket weaving but someone did do a contract on underwater violen playing. <br />It turns out to actually be pretty impressive. They had to figure out how to build a violen and bow that would actually play under water and then figure out how to get a good recording without having to frequency shift it. Oh and compose something that would sound nice.<br /><br />Actually this seem like a gift to the banks under the disguise of pandering to Occupy. The former students will pay less not and the debt will grow meaning they will pay more in the end.erikohttps://www.blogger.com/profile/06177937448513847920noreply@blogger.com