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Old 05-12-2014, 03:16 PM
 
79,907 posts, read 44,191,640 times
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Quote:
Originally Posted by HappyTexan View Post
And they are paying that money back with interest.
Quite a difference there.
Very very little interest. Far less than students are expected to pay. With inflation they are actually paying in some cases a negative rate.
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Old 05-12-2014, 03:18 PM
 
Location: Fredericktown,Ohio
7,168 posts, read 5,365,472 times
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Lets see, we have liberals that invited the gvt with open arms to be involved in education and now are crying the blues for letting them get their foot in the door. Priceless, maybe they will think of Reagans words " I am from the gvt and I am here to help "
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Old 05-12-2014, 03:19 PM
 
79,907 posts, read 44,191,640 times
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Quote:
Originally Posted by Enigma777 View Post
It's about the big picture and caring about the younger generation not having to mortgage their future to get an education and a decent job (many of which you cannot get without an education) so they can be productive members of society and contribute to the economy, not to the pocket of CEOs of the fast food industry. US corporations get all kinds of financial breaks. Students not so much.
I addressed the corporation aspects and why they are wrong. The government getting involved here has raised the price of an education. Anything the government subsidizes only gets more expensive. To see that colleges can continue to raise rates beyond inflation has nothing to do with religion.

Well, maybe it does but not the kind you are speaking about.
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Old 05-12-2014, 03:20 PM
 
79,907 posts, read 44,191,640 times
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Quote:
Originally Posted by HappyTexan View Post
Well gee the Fed nationalized student loans to make it more affordable..aka "easier to get deeper in debt".

Not like these students don't know what they are signing up for.
The banks knew what they were getting into when the colluded with the government in the housing debacle also. What happened there?
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Old 05-12-2014, 03:21 PM
 
Location: Great State of Texas
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Quote:
Originally Posted by pknopp View Post
Very very little interest. Far less than students are expected to pay. With inflation they are actually paying in some cases a negative rate.
Very little interest and a very short time span.
And they were charged the interbank lending rate.

Hardly the same for comparison is it ?
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Old 05-12-2014, 03:21 PM
 
79,907 posts, read 44,191,640 times
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Quote:
Originally Posted by Swingblade View Post
There are a bunch of reasons, one is the U S has rampant Mussolini fascism[ Co operation between the states and corporations} and the bankers Warren rails against owns both political parties. Plus the US gvt does not control the interest rate that would be the private federal reserve. Are we to expect the federal reserve to cut the throats of bankers with a rate hike? LMAO. Who's interest is more important to the FR and the U S gvt the big banks or the people?
The government appoints the person who decides the policies of the FR.
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Old 05-12-2014, 03:25 PM
 
79,907 posts, read 44,191,640 times
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Quote:
Originally Posted by HappyTexan View Post
Very little interest and a very short time span.
And they were charged the interbank lending rate.
No they weren't in all cases plus they were provided this money to pump into things like commodities which brought them returns far above anything they were paying for the money.

Quote:
Hardly the same for comparison is it ?
That's sort of the point. Why should some get treated differently than others.
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Old 05-12-2014, 03:27 PM
 
Location: Great State of Texas
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Quote:
Originally Posted by pknopp View Post
No they weren't in all cases plus they were provided this money to pump into things like commodities which brought them returns far above anything they were paying for the money.



That's sort of the point. Why should some get treated differently than others.
What they did with that money was up to them..remember "blank check" ?
But it was a short term loan with interbank rates.

All of that was spelled out in the bill which got voted YES.
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Old 05-12-2014, 03:28 PM
 
Location: Great State of Texas
86,052 posts, read 84,472,986 times
Reputation: 27720
Quote:
Originally Posted by pknopp View Post
No they weren't in all cases plus they were provided this money to pump into things like commodities which brought them returns far above anything they were paying for the money.



That's sort of the point. Why should some get treated differently than others.
That's life. We don't all get treated the same.

Banks and companies with deep coffers can't be compared to 18 year olds still living at home.

Higher risk people pay higher interest rates.
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Old 05-12-2014, 03:42 PM
 
79,907 posts, read 44,191,640 times
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Quote:
Originally Posted by HappyTexan View Post
What they did with that money was up to them..remember "blank check" ?
But it was a short term loan with interbank rates.

All of that was spelled out in the bill which got voted YES.
Did you get a "blank check"?
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