When we talk about predatory lending, ordinarily the lender is the predator.

Oct 8, 2015
9:15:06am

TaiJuan

6.8% on 6+ figures of non-dischargable debt sounds pretty predatory. So the government is the predatory lender, not the immoral institution that discovered a place for you to spend your money.

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TaiJuan

Previous username: QuinneyCoug
Bio page: TaiJuan
Joined: Jul 20, 2010
Last login: Dec 29, 2023
Total posts: 31,096 (6,132 FO)

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Messages

Author

Time

"Why can't we just forgive all the student debt. Everyone would be happy"

snowbird

10/8/15 8:45am

Why can't we just pay everyone $200k/ year! everyone would be happy!

Cougarclaw

10/8/15 8:46am

I'm sure the banks would be happy with that too.

mudpupper

10/8/15 8:47am

That's not a new thing. You're just getting old. Younger generations have been

srey

10/8/15 8:49am

Except, until very recently, the younger generations were just ignored.

boogers

10/8/15 8:52am

I don't understand your meaning. What has changed?

srey

10/8/15 8:52am

Obama's team got them to vote.

Left Shark Coug

10/8/15 8:54am

No, I meant stupid ideas the naive college kids used to come up with are now

boogers

10/8/15 8:57am

chicken/egg.

Left Shark Coug

10/8/15 9:02am

Younger generations have always been dumb, but now the naive and

boogers

10/8/15 8:56am

Yeah, the Baby Boomers have been so responsible.

CosmoK

10/8/15 8:57am

The worst thing the Greatest Generation ever did, was not beat the crap out

boogers

10/8/15 9:11am

Well someone has to pay for their second house and sailboat

YIsForBrigham

10/8/15 9:50am

The Greatest Generation were poor parents. And Baby Boomers turned on their kids

mantis mutu

10/8/15 4:18pm

I think Baby Boomers have been very irresponsibly at an institutional level

mudpupper

10/8/15 9:48am

May I suggest that you know a small number Boomers. Why don't they retire?

CosmoK

10/8/15 10:49am

The baby boomers are the idiots that created the permissive and indulgent

boogers

10/8/15 11:48am

Which is it, permissive or strict PC speech codes?

TomPetty

10/8/15 12:15pm

Can't litter, seat belts required, can't take acid, rules everywhere

TomPetty

10/8/15 12:19pm

IOW, "Why can't we just take other people's money? Everyone would be happy."

Left Shark Coug

10/8/15 8:47am

You should borrow $50 from her and then ask her to forgive the debt

KingDave

10/8/15 8:48am

I am OK with forgiving student debt to anyone with a marketable degree,

boogers

10/8/15 8:48am

As a former student who raked up over 200K in student dept I think forgiving

fiberpost

10/8/15 8:57am

LOL....wait you're joking right?

kotacoug

10/8/15 9:00am

Yes, because people with marketable degrees can actually repay their loans.

boogers

10/8/15 9:04am

Why would a lender want to forgive the loans of the people most likely to be

srey

10/8/15 9:10am

I was joking. I laugh at people that rack up huge debt to get degrees

boogers

10/8/15 9:15am

i'd be happy if the bank would just forgive my mortgage!

Renocougar

10/8/15 8:48am

She needs a bigger student loan. So she can go back to school to learn something

bluecheese

10/8/15 8:53am

<< Deleted >>

JimmyZ

10/8/15 8:54am

Sounds like a U of U grad.

IndependentGeorge

10/8/15 8:54am

While the intern is an idiot, the government could

Baron

10/8/15 8:56am

When we talk about predatory lending, ordinarily the lender is the predator.

TaiJuan

10/8/15 9:15am

True. predatory lender is not the right word. It would be

Baron

10/8/15 9:23am

Loose lending begats predatory sellers. It's the housing bubble scenario.

TaiJuan

10/8/15 9:24am

I agree, but for schools to raise tuition just to capture the money that they

Baron

10/8/15 9:31am

If this were a private lender we'd be talking about wall street fat cats, not

TaiJuan

10/8/15 9:36am

I agree. Both bad actors IMO. Government should tighten up and Universities

Baron

10/8/15 9:39am

Germany just makes it free to begin with

TomPetty

10/8/15 9:37am

Germany is responsible for WWII. Their system is different in almost every way.

TaiJuan

10/8/15 9:40am

Precisely my point

TomPetty

10/8/15 9:53am

can you imagine the outcry if caps were placed on the number of

kotacoug

10/8/15 12:21pm

What are some examples of those false promises?

Thrill

10/8/15 12:34pm

Step One - Government Should Tighten Lending.

CosmoK

10/8/15 9:04am

Is she hot? If so it seems like a good idea

TNT

10/8/15 9:04am

Answer this...why don't we just forgive all the US trilliions in debt?

docrick

10/8/15 9:04am

Forgive? No. Bankrupt? Absolutely. Then the lenders might actually

byubyu

10/8/15 9:06am

Allowing student loans to be bankrupted would instantly tighten up

hansel

10/8/15 9:13am

I thought student loans were not discharged in bankruptcy.

Archaeovagrant

10/8/15 9:32am

George W. Bush IIRC.

byubyu

10/8/15 12:32pm

Just remove Federal insurance of loans. Would solve everything. Instantly.

boogers

10/8/15 9:17am

Just save 450 k for dental school man, easy!

cougdonaldg

10/8/15 9:46am

Dental school probably wouldn't cost $450k if those loans weren't guaranteed

hansel

10/8/15 9:54am

I totally agree, maybe then kids could get back to "saving for school" instead

cougdonaldg

10/8/15 11:50am

Why can't we just give everyone an above average income?

CougarThug

10/8/15 9:13am

Here's an idea: people who go to college tend to be richer, so let's send

ThetaSigma

10/8/15 9:19am

<< Deleted >>

ByuMba90

10/8/15 9:29am

whoa

snowbird

10/8/15 10:02am

Let's charge parents for K-12 to pay for it

TomPetty

10/8/15 9:30am

The best liberal arts colleges have low real tuition due to big endowments

TomPetty

10/8/15 9:34am

There are a few elite colleges that can offer cheap tuition to poor folks.

TaiJuan

10/8/15 9:38am

University of Phoenix has an many students as 100 liberal arts schools

TomPetty

10/8/15 9:42am

Because I watched people at BYU get student loans to only blow the money on

Gente_Boa

10/8/15 12:17pm

Q. What do you call countries where people don't blow money? A. Poor

TomPetty

10/8/15 12:21pm

This I agree with. Student Loans shouldn't be something used to live off of. One

RootieBoy

10/8/15 1:18pm

You can't be serious. Laser hair removal?!

joelvandyne

10/8/15 3:27pm

I wish I was joking, but this is a true story. Anecdotal sure, but true

Gente_Boa

10/12/15 2:47pm

Agree. Saw too many roommates who got thousands in government

mcrsj

10/8/15 6:52pm

Laser hair?

CougarThug

10/13/15 3:01pm

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