How do people become this kind of parasite?
Comments
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Just erase the debt!
I wonder if Pramila could explain the basic accounting of that write off on the balance sheet, p&l and cash flows. -
The one part where I vaguely agree with her is why is it that when someone files for bankruptcy, they can erase all debts except student debt? What is that about?
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Ask Joe BidenDerekJohnson said:The one part where I vaguely agree with her is why is it that when someone files for bankruptcy, they can erase all debts except student debt? What is that about?
He wrote the legislation
Thats the joke -
She doesn’t complete her thought as usual, either deliberately or stupidly. Government backing the loans and individuals being tied to the loans forever keeps the interest rates artificially way low and this raised the cost in general as a result. Same shit with housing, but at least there’s an asset there to grab. There is no accounting scenario where debt just goes away without someone holding the bag. Beauty of the double entry system that Race helped invent.DerekJohnson said:The one part where I vaguely agree with her is why is it that when someone files for bankruptcy, they can erase all debts except student debt? What is that about?
There’s no good solution here aside from raiding or taxing the endowments that have clearly benefited from this scam. -
This is a topic where I lean left. I’m not going to cry for the universities and big banks.
An 18 year old kid can’t get a 10k loan to start a business, but they can get 100k to attend a University. It’s wrong.
The enemy is big banks, big pharma, and big tech. I side with the people. I know someone here will tell me how we will end up paying, but still. -
Handing out Federal loans like candy to 18 year olds who just want to party justifies the tuition hikes that keep the universities belly's full.DerekJohnson said:The one part where I vaguely agree with her is why is it that when someone files for bankruptcy, they can erase all debts except student debt? What is that about?
They use the Kobe's like a slush fund. -
They can get that loan because the Federal government backs those loans. Remove the Federal guarantee and you won't have banks making those loans.RoadDawg55 said:This is a topic where I lean left. I’m not going to cry for the universities and big banks.
An 18 year old kid can’t get a 10k loan to start a business, but they can get 100k to attend a University. It’s wrong.
The enemy is big banks, big pharma, and big tech. I side with the people. I know someone here will tell me how we will end up paying, but still. -
The left is all in with Big Banks, Big Pharma, Big Tech and Big Universities.RoadDawg55 said:This is a topic where I lean left. I’m not going to cry for the universities and big banks.
An 18 year old kid can’t get a 10k loan to start a business, but they can get 100k to attend a University. It’s wrong.
The enemy is big banks, big pharma, and big tech. I side with the people. I know someone here will tell me how we will end up paying, but still.
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So everyone's saying it's the same scheme as giving people home loans that can't pay them and wondering why foreclosures skyrocket?
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Exactly.SFGbob said:
They can get that loan because the Federal government backs those loans. Remove the Federal guarantee and you won't have banks making those loans.RoadDawg55 said:This is a topic where I lean left. I’m not going to cry for the universities and big banks.
An 18 year old kid can’t get a 10k loan to start a business, but they can get 100k to attend a University. It’s wrong.
The enemy is big banks, big pharma, and big tech. I side with the people. I know someone here will tell me how we will end up paying, but still.
