Quote:
Originally Posted by fozzy71
You put what I was saying, with my smart-ass statements, into proper form. Well said.
Thanks Fozz.
Quote:
Originally Posted by CDCMO_MONEY
Very well stated Tefellin apparently I am wrong, but I could have sworn that student loans are becoming all privatized between your school and a bank/ financial institute. The government only gives out Subsidezed Stafford Loans which aren't nearly as much as what you get from a bank. I could be way off here to though.
Your statement about Bank America is kind of laughable cause I am pretty sure they got bailed out from the taxpayers for ****ty ass loans to people
Actually Obama is going in the opposite direction of your current perspective. He has proposed forgiving student loans for individuals after 10 years of payment. Who do you think is going to pay off the rest of the principal balance? Time's up, the answer is you and me.
Touche on your response to my BOA comment. Most of those losses are tied to real estate loans on homes and credit cards. The number of stated income liar's ARMs that were originated is nauseating. These were great for short term borrowers and people like Hoagie who own their own business and probably write a **** ton of things off there by decreasing their overall taxable income. But then they just became sub-prime tell me you make x I'll give you the loan and we'll call it a day loans. People straight up lied about how much they made, already had awful credit, borrowed 100% of the homes inflated value, and we were shocked when they couldn't pay their bills?? Really? America is full of stupid sheep. There I said it.
Last edited by Tefillin Villain; 08-30-2010 at 11:05 PM.
Reason: Pissed I missed the Brew Game