Comments on: Where’s My Bailout? http://www.theagitator.com/2008/10/31/wheres-my-bailout/ It rankles me when somebody tries to tell somebody what to do. Fri, 10 Feb 2012 16:28:09 +0000 hourly 1 http://wordpress.org/?v=3.2 By: Cynical In CA http://www.theagitator.com/2008/10/31/wheres-my-bailout/comment-page-1/#comment-198698 Cynical In CA Fri, 31 Oct 2008 22:26:19 +0000 http://www.theagitator.com/?p=10898#comment-198698 "Because all Americans should be protected from their own stupidity." All Americans (well, those over the age of 18) ARE protected from their own stupidity. They can VOTE!!!! Bwahahahahahaha!!!!!!!! Happy Election Day, suckers! “Because all Americans should be protected from their own stupidity.”

All Americans (well, those over the age of 18) ARE protected from their own stupidity.

They can VOTE!!!!

Bwahahahahahaha!!!!!!!!

Happy Election Day, suckers!

]]> By: Mike Healy http://www.theagitator.com/2008/10/31/wheres-my-bailout/comment-page-1/#comment-198580 Mike Healy Fri, 31 Oct 2008 20:08:23 +0000 http://www.theagitator.com/?p=10898#comment-198580 I'm with Nando. Gimme! Gimme! Gimme! I’m with Nando. Gimme! Gimme! Gimme!

]]> By: Nando http://www.theagitator.com/2008/10/31/wheres-my-bailout/comment-page-1/#comment-198559 Nando Fri, 31 Oct 2008 18:59:23 +0000 http://www.theagitator.com/?p=10898#comment-198559 I just want some money. Where is my bailout? I just want some money. Where is my bailout?

]]> By: GU http://www.theagitator.com/2008/10/31/wheres-my-bailout/comment-page-1/#comment-198540 GU Fri, 31 Oct 2008 17:49:53 +0000 http://www.theagitator.com/?p=10898#comment-198540 I'm a law student, will have ~$150k in student loans, at 6.8% (Stafford) & 8.5% (GradPLUS). Thanks to financial disaster, big law firm hiring is very rough this year, and I could not secure a summer associate position. I'm a 2L at a Top 20 school, on the Law Review. Bailout pls, thanx. I’m a law student, will have ~$150k in student loans, at 6.8% (Stafford) & 8.5% (GradPLUS). Thanks to financial disaster, big law firm hiring is very rough this year, and I could not secure a summer associate position. I’m a 2L at a Top 20 school, on the Law Review.

Bailout pls, thanx.

]]> By: freedomfan http://www.theagitator.com/2008/10/31/wheres-my-bailout/comment-page-1/#comment-198501 freedomfan Fri, 31 Oct 2008 16:03:54 +0000 http://www.theagitator.com/?p=10898#comment-198501 That video was hilarious. That guy who got looped into the Nigerian 4-1-9 fraud was priceless, "Turns out it was a scam..." I wonder if the 'businessman' who contacted him was named Ben Ahore? BTW, just s side-note on the side-student loan conversation: government-sponsored loan and grant programs actually allow colleges to raise tuition prices. Most colleges would be more affordable if they weren't counting on the government giving students a pile of money that they can't spend on anything else. It's kind of like what would happen to car repair prices if your mechanic knew that all the people who came in were either pretty well off or had access to extra money that they could only spend on car repair. There's a spiral of dependence, where the aid raises tuition prices, then even more people can't afford tuition and clamor for more aid. (And, if someone wants more sophisticated analysis, it's worth looking at <a href="http://www.cato.org/pub_display.php?pub_id=3344" rel="nofollow">Cato's write-up on this</a>.) That video was hilarious. That guy who got looped into the Nigerian 4-1-9 fraud was priceless, “Turns out it was a scam…” I wonder if the ‘businessman’ who contacted him was named Ben Ahore?

BTW, just s side-note on the side-student loan conversation: government-sponsored loan and grant programs actually allow colleges to raise tuition prices. Most colleges would be more affordable if they weren’t counting on the government giving students a pile of money that they can’t spend on anything else. It’s kind of like what would happen to car repair prices if your mechanic knew that all the people who came in were either pretty well off or had access to extra money that they could only spend on car repair. There’s a spiral of dependence, where the aid raises tuition prices, then even more people can’t afford tuition and clamor for more aid. (And, if someone wants more sophisticated analysis, it’s worth looking at Cato’s write-up on this.)

]]> By: Matthew http://www.theagitator.com/2008/10/31/wheres-my-bailout/comment-page-1/#comment-198499 Matthew Fri, 31 Oct 2008 15:59:38 +0000 http://www.theagitator.com/?p=10898#comment-198499 Fortunately for you as a doctor, the federal government will soon likely dictate who you can treat, how much you can charge, where you work and what specialties you're allowed to pursue, so you'll know in advance that you'll never recoup your loan costs. One less thing to worry about! Fortunately for you as a doctor, the federal government will soon likely dictate who you can treat, how much you can charge, where you work and what specialties you’re allowed to pursue, so you’ll know in advance that you’ll never recoup your loan costs. One less thing to worry about!

]]> By: Balloon Maker http://www.theagitator.com/2008/10/31/wheres-my-bailout/comment-page-1/#comment-198478 Balloon Maker Fri, 31 Oct 2008 14:39:08 +0000 http://www.theagitator.com/?p=10898#comment-198478 still in school. when it's all over it's going to be around 130K, but I will be a doctor (but not the kind of doctor that makes enough to justify the cost.) I knew what I was getting into, so I can't complain still in school. when it’s all over it’s going to be around 130K, but I will be a doctor (but not the kind of doctor that makes enough to justify the cost.) I knew what I was getting into, so I can’t complain

]]> By: Mike Leatherwood http://www.theagitator.com/2008/10/31/wheres-my-bailout/comment-page-1/#comment-198467 Mike Leatherwood Fri, 31 Oct 2008 14:18:10 +0000 http://www.theagitator.com/?p=10898#comment-198467 In reading the responses, I guess I am lucky to have $35k in student loans hanging out at 4.75% In reading the responses, I guess I am lucky to have $35k in student loans hanging out at 4.75%

]]> By: James J. B. http://www.theagitator.com/2008/10/31/wheres-my-bailout/comment-page-1/#comment-198465 James J. B. Fri, 31 Oct 2008 14:11:52 +0000 http://www.theagitator.com/?p=10898#comment-198465 Student Loans - man they bite. I owe about 85k. I have friends that owe nearly 2x that (law school). I know it is a surprise but the gov't really protects these banks that issue these loans and thanks to bankruptcy reform - student loans are nearly non-dischargeable. So the banks charge ordinary interest and the loan is virtually risk free - not so w/ other loans. These loans 1. Cannot be refinanced in the traditional sense of the term. Meaning if you consolidate at 7% that is your interest for life - no matter when that rate dips to 2% - you still can't refi with a new lender 2. Have enhanced collection practices - allowing lenders to use very aggressive tactics that are not available to ordinary lenders. Disagree? Think student loans are risky for the banks? Check Salliemae's bottom line sometime. Student Loans – man they bite. I owe about 85k. I have friends that owe nearly 2x that (law school). I know it is a surprise but the gov’t really protects these banks that issue these loans and thanks to bankruptcy reform – student loans are nearly non-dischargeable. So the banks charge ordinary interest and the loan is virtually risk free – not so w/ other loans.

These loans
1. Cannot be refinanced in the traditional sense of the term. Meaning if you consolidate at 7% that is your interest for life – no matter when that rate dips to 2% – you still can’t refi with a new lender
2. Have enhanced collection practices – allowing lenders to use very aggressive tactics that are not available to ordinary lenders.

Disagree? Think student loans are risky for the banks? Check Salliemae’s bottom line sometime.

]]> By: The_Chef http://www.theagitator.com/2008/10/31/wheres-my-bailout/comment-page-1/#comment-198463 The_Chef Fri, 31 Oct 2008 14:03:03 +0000 http://www.theagitator.com/?p=10898#comment-198463 <blockquote>#3 | Balloon Maker | October 31st, 2008 at 9:56 am any word on when the gub’mint is going to pay my student loans?</blockquote> yeah ... I'm like 45k in the hole after school. Maybe we could use some of that "windfall profits" tax.

#3 | Balloon Maker | October 31st, 2008 at 9:56 am

any word on when the gub’mint is going to pay my student loans?

yeah … I’m like 45k in the hole after school. Maybe we could use some of that “windfall profits” tax.

]]> By: Balloon Maker http://www.theagitator.com/2008/10/31/wheres-my-bailout/comment-page-1/#comment-198459 Balloon Maker Fri, 31 Oct 2008 13:56:28 +0000 http://www.theagitator.com/?p=10898#comment-198459 any word on when the gub'mint is going to pay my student loans? any word on when the gub’mint is going to pay my student loans?

]]> By: jet http://www.theagitator.com/2008/10/31/wheres-my-bailout/comment-page-1/#comment-198451 jet Fri, 31 Oct 2008 13:40:14 +0000 http://www.theagitator.com/?p=10898#comment-198451 The only way your average American taxpayer isn't going to get screwed is if they have a mortgage and jingle mail their bank. Otherwise, they can just suck it up and pay for everyone else's bailout. The only way your average American taxpayer isn’t going to get screwed is if they have a mortgage and jingle mail their bank. Otherwise, they can just suck it up and pay for everyone else’s bailout.

]]> By: Mike Healy http://www.theagitator.com/2008/10/31/wheres-my-bailout/comment-page-1/#comment-198443 Mike Healy Fri, 31 Oct 2008 13:07:15 +0000 http://www.theagitator.com/?p=10898#comment-198443 Thank doG my blood pressure starts out low. Thank doG my blood pressure starts out low.

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