tag:blogger.com,1999:blog-2534881846878881386.post5282599249628995372..comments2024-02-10T05:49:43.712-03:00Comments on Scammed Hard!: Massive student loan time bombScammed Hard!http://www.blogger.com/profile/01044898077026675015noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-2534881846878881386.post-738960541820544042011-01-01T23:24:25.478-03:002011-01-01T23:24:25.478-03:00eat now....poo later !eat now....poo later !misterbillnoreply@blogger.comtag:blogger.com,1999:blog-2534881846878881386.post-91770498591388431502010-08-11T02:10:34.516-03:002010-08-11T02:10:34.516-03:00Some degrees are worth it. You can't be an en...Some degrees are worth it. You can't be an engineer or an accountant without a degree. But if you have a two-word degree, where the second word is 'studies', you are screwed.<br /><br />ZTAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2534881846878881386.post-20752689198303542992010-08-10T13:57:18.579-03:002010-08-10T13:57:18.579-03:00Another excellent post. I saw this mentioned on t...Another excellent post. I saw this mentioned on the national news last night--that the U.S. is now 12th for the percentage of people earning college degrees. So what!, I thought. We don't have nearly enough jobs for Americans who have college degrees now!<br /><br />Of course, our mindless news pundits and politicians want to address the problem of our being 12th in the world--by producing even more heavily indebted college graduates for non-existent jobs.<br /><br />Perhaps the Machiavellians in Washington are hoping to reduce the unemployment rate by sequestering yet even more unemployed people in the universities.Frank the Underemployed Professionalhttps://www.blogger.com/profile/00461791753886733576noreply@blogger.comtag:blogger.com,1999:blog-2534881846878881386.post-83454042620355627422010-08-09T23:01:13.115-03:002010-08-09T23:01:13.115-03:00Bob Herbert lives in his cotton candy 1962-based f...Bob Herbert lives in his cotton candy 1962-based fantasy delusion where all tuition is extremely cheap, and 99% students graduate with zero debt and don't owe Sallie Mae a dime. <br /><br />The rest of us live in the brutal, vicious reality of 2010, where 99% of students are sold into slavery.<br /><br />Bob, please leave your coma-induced dream state and join the rest of us in massive educational debt.<br /><br />Then, and only then, will you understand the truth about college and graduate school.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2534881846878881386.post-48658590112292102742010-08-09T20:25:57.079-03:002010-08-09T20:25:57.079-03:00I wouldn't call Bob Herbert a "disgusting...I wouldn't call Bob Herbert a "disgusting shill." Some of his columns reveal a sympathy for the excluded that most establishment columnists do not share.<br /><br />Education is normally a virtue. Having an educated populace is normally a matter of pride. It turns into a problem when universities and creditors destroy students' financial future, or when universities deceive applicants.<br /><br />Let's compare education to housing. Owning your own home is normally a good thing. Predatory lending and ripping people off are not good things.Knuthttps://www.blogger.com/profile/07112680089244322542noreply@blogger.comtag:blogger.com,1999:blog-2534881846878881386.post-89788736781651949252010-08-09T20:07:45.094-03:002010-08-09T20:07:45.094-03:00Time to bail out of the USA. This is going to be b...Time to bail out of the USA. This is going to be bigger than the housing bubble.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2534881846878881386.post-89018197356104167062010-08-09T18:31:10.064-03:002010-08-09T18:31:10.064-03:00Aha! That means we're just about at the end g...Aha! That means we're just about at the end game. The mass defaults are right around the corner. I can't wait!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2534881846878881386.post-60394301881450803892010-08-09T18:22:10.730-03:002010-08-09T18:22:10.730-03:00The thing that makes me wonder the most is if non-...The thing that makes me wonder the most is if non-dischargeability allows the banks to keep toxic loans on the books forever? As is this bubble wont pop (which is downright frightening) but a change in the laws can totally pop the bubble.<br /><br />Hey, since the non-dischargeability law is retro-active <br /><br />In re Lewis, 506 F.3d 927 (9th Cir. 2007)<br /><br />then conceivably it can work the other way. Time to lobby :)Danhttps://www.blogger.com/profile/15729532031872959652noreply@blogger.comtag:blogger.com,1999:blog-2534881846878881386.post-12371619934488532492010-08-09T17:32:58.901-03:002010-08-09T17:32:58.901-03:00Now, THAT is depressing news - and illustrates the...Now, THAT is depressing news - and illustrates the pressing need to make student debt dischargeable in bankruptcy. After all, the schools lied about their employment figures. <br /><br />Bob Herbert is a fine example of a mindless automaton at work. He spews forth garbage, based on his limited understanding of the real world, and posits it as if it were PROFOUND truth. In the process, he seeks to indoctrinate the next generation. <br /><br />This is sheer folly, at a minimum - and unethical at its core. For instance, if everyone had a college degree, how valuable would this asset be?!?! <br /><br />The higher education industrial complex pushes full steam ahead, because of belief. It is a house of cards, in the final analysis. The industry has its "journalists" and policymakers and politicians to promote the faith. The reality of the situation is that college is not worth it, for most of us. You CAN find a job making $35K-$45K without taking out $140K in loans. Yes, you may need to work your way up and make some connections along the way. But that has always been the case.Nandohttps://www.blogger.com/profile/06423524039657355134noreply@blogger.com