#4: but what if you HAVE to get up in the middle of the night to stay up-to-date on the latest booster? You'll die if you get it five seconds too late.
#20 - I can't believe this student loan shit is even a thing. You KNEW how much you were borrowing, you're typically making more than me, and you want me to pay your loans off??? You can piss up a rope!
The civil war was before my time, but I know a hell of a lot about it. There's this trick we use called "reading". It's a neat trick. Learn all kinds of cool things that way.
re: #4 No, its just that we don't give a fuck what anyone thinks about naked bodies standing outside of burning hotels or houses at 3am. Been there and done that in Nashville in 1995.
#20. This was planned. I was working for... I forget their name. They're the largest (essentially the only) lender for student loans in the US. You call your bank and get a student loan? This is the company that's actually behind it.
What they actually do is "securitize" the loans. i.e. bundle them up, and sell shares in the future repayments on the market. Once, they shares didn't sell fast enough, and Student loan checks started bouncing. THAT was a fun time to be in the call center! (Was a few months before my time there, fortunately)
Anyway, the ACTUAL reason for this student loan repayment by the government is to protect the banks (and large investors) who bought those securitized loan share things. Can't have the ultra-rich's investments not pay off! (This would be called "investors taking a haircut" and is REALLY REALLY BAD because it means they got less money out of their supposedly "safe" investment than they put in. The elite will go to GREAT lengths to prevent that. Therefore, government repaying the student loans instead of the students. Therefore, the ultra rich get to keep their money. Therefore, the taxpayer gets screwed hard. Again.)
TL;DR: It's NOT about handouts, it's about protecting the investments of the rich who bought the securitized student loans.
Look at the first half of your answer. If the default rate is high then the interest rate has to be high so that those who do pay it back are paying for those who don't. If that doesn't happen, people stop making the loans and the same people whinning about having to pay back the loans will whine that the loans aren't there in the first place.
Very interesting concept. No wonder you could never claim a student loan on a bankruptcy. Those that make the bankruptcy laws still wanted their friends paid off.
Mr. John Gilmore could sub "mortgage" for "student loan" and describe the '08 meltdown. Public/private "partnerships" = no consequences for any individual responsible for approving spectacular fails. Mississloppigarro
#17 No shit. With myself expwriencing an impending divorce, a man actually suggested (strongly) that he knew my wife better than I. Then, when questioned by me, he rallied two others by name to his position on said matter.
#4: but what if you HAVE to get up in the middle of the night to stay up-to-date on the latest booster? You'll die if you get it five seconds too late.
ReplyDelete#20. For the win. I made my money so sponge off someone else
ReplyDelete#20 - I can't believe this student loan shit is even a thing. You KNEW how much you were borrowing, you're typically making more than me, and you want me to pay your loans off??? You can piss up a rope!
ReplyDelete#19 Like Samuel Johnson's remark on remarriage: "The triumph of hope over experience."
ReplyDeleteGotta say this is an outstanding bunch.
ReplyDeleteCan you identify the substance in #16. I am terribly unhip.
ReplyDeleteThat's a Xanax bar AKA Xandy bar.
DeleteThe bar is scored so you can break off how ever many you need.
You know this how?
DeleteThe civil war was before my time, but I know a hell of a lot about it. There's this trick we use called "reading". It's a neat trick. Learn all kinds of cool things that way.
DeleteNah, it's cool. My drug use in the past was legendary.
Deletere: #4 No, its just that we don't give a fuck what anyone thinks about naked bodies standing outside of burning hotels or houses at 3am. Been there and done that in Nashville in 1995.
ReplyDelete#9 I’d fuck her.
ReplyDeleteStandards, man. Get some.
DeleteYou probably couldn't get laid in a women's prison.
Delete#17 for the win.
ReplyDelete#4 My eldest step-son and his ex-wife learned that one the hard way when their house caught fire and they had to run outside naked.
#18 Answer is Over your turn?
ReplyDeleteOne of my bosses use to always answer the phone Whiskey Tango.
Delete#10 have always loved that meme
ReplyDelete#20. This was planned. I was working for... I forget their name. They're the largest (essentially the only) lender for student loans in the US. You call your bank and get a student loan? This is the company that's actually behind it.
ReplyDeleteWhat they actually do is "securitize" the loans. i.e. bundle them up, and sell shares in the future repayments on the market. Once, they shares didn't sell fast enough, and Student loan checks started bouncing. THAT was a fun time to be in the call center! (Was a few months before my time there, fortunately)
Anyway, the ACTUAL reason for this student loan repayment by the government is to protect the banks (and large investors) who bought those securitized loan share things. Can't have the ultra-rich's investments not pay off! (This would be called "investors taking a haircut" and is REALLY REALLY BAD because it means they got less money out of their supposedly "safe" investment than they put in. The elite will go to GREAT lengths to prevent that. Therefore, government repaying the student loans instead of the students. Therefore, the ultra rich get to keep their money. Therefore, the taxpayer gets screwed hard. Again.)
TL;DR: It's NOT about handouts, it's about protecting the investments of the rich who bought the securitized student loans.
Look at the first half of your answer. If the default rate is high then the interest rate has to be high so that those who do pay it back are paying for those who don't. If that doesn't happen, people stop making the loans and the same people whinning about having to pay back the loans will whine that the loans aren't there in the first place.
DeleteVery interesting concept. No wonder you could never claim a student loan on a bankruptcy. Those that make the bankruptcy laws still wanted their friends paid off.
DeleteI believe JG has the right of it. Unlike home mortgage, there is no collateral to the student loan.
DeleteDiffer
Mr. John Gilmore could sub "mortgage" for "student loan" and describe the '08 meltdown. Public/private "partnerships" = no consequences for any individual responsible for approving spectacular fails.
DeleteMississloppigarro
Mostly true. Find a copy of "The Big Short" and watch it. The film explains everything and is entertaining as well.
DeleteTwo examples of academism here today, Matejko and Bouguereau. Nice.
ReplyDeletewojtek
#17 No shit. With myself expwriencing an impending divorce, a man actually suggested (strongly) that he knew my wife better than I. Then, when questioned by me, he rallied two others by name to his position on said matter.
ReplyDelete4 - "who". I hate dehuminization.
ReplyDelete#7...that won't be happening in heaven and the "children" will be demons.
ReplyDelete1 and 4 sums life up for me lately
ReplyDelete"DRY BOY. LEG-HAVIN' ASS LAND BITCH." I love that one to bits.
ReplyDelete7 They will not reach Heaven but what is waiting for them is epic
ReplyDeleteIf you take issue with #20 then you likely also think you're owed "your fair share" of someone else's money.
ReplyDelete