Banks to lose billions in student loan revamp

Discussion in 'Free Speech Alley' started by Sourdoughman, Mar 24, 2010.

  1. Sourdoughman

    Sourdoughman TigerFan of LSU and the Tigerman

    Joined:
    Oct 11, 2003
    Messages:
    12,314
    Likes Received:
    560
  2. DarkHornet

    DarkHornet Louisiana Sports Fan

    Joined:
    Sep 24, 2003
    Messages:
    3,803
    Likes Received:
    249
    Re: Banks to lose billions in student loan revamp Read more: http://today.msnbc.msn.com/id/36014592

    It appears that the government was already taking all the risks and letting the bank cash in. One democratic senator called it a "corporate welfare" program. Can't say I disagree. Sorry, won't be crying over this.
     
    1 person likes this.
  3. Sourdoughman

    Sourdoughman TigerFan of LSU and the Tigerman

    Joined:
    Oct 11, 2003
    Messages:
    12,314
    Likes Received:
    560
    Re: Banks to lose billions in student loan revamp Read more: http://today.msnbc.msn.com/id/36014592

    I don't know if I disagree with it other than the process that was done.
    The only other thing is that there is less money in the private sector than ever before but my problem with that is that government has taken over GM along with health care.
    That is less money for the rest of us in earnings and more money we have to pay in taxes.
    Unless you are part of the 40 percent that don't pay taxes.
     
  4. Sourdoughman

    Sourdoughman TigerFan of LSU and the Tigerman

    Joined:
    Oct 11, 2003
    Messages:
    12,314
    Likes Received:
    560
    Re: Banks to lose billions in student loan revamp Read more: http://today.msnbc.msn.com/id/36014592

    FOXNews.com - The Top 5 Disasters In the Democrats' Reconciliation Bill

    Fox News take for what its worth

    Third, the bill takes over the private aspects of the student loan industry, putting tens of thousands out of work in the private sector while building up a big new student loan bureaucracy. And this is supposed to happen by next semester, so you can expect lots of headaches for students in the short term as well the long-term costs of bigger government.
     
  5. gumborue

    gumborue Painfully Pessimistic

    Joined:
    Dec 17, 2003
    Messages:
    10,834
    Likes Received:
    573
    Re: Banks to lose billions in student loan revamp Read more: http://today.msnbc.msn.com/id/36014592

    students get raked over the coals by these loans. we'll see how it ends up, but sounds like a step in the right direction.
     

Share This Page