Waters tries to pin student debt crisis on banks
Maxine is challenging AOC for "Clueless in Congress"
Then, Waters turned the questions on the bank executives, asking what they intended to do about the student debt crisis: “What are you guys doing to help us with the student loan debt? Who would like to answer first? Mr. Monihan? Big bank?”
“We stopped making student loans in 2007 or so,” he responded.
“So you don’t do it anymore? Mr. Corbyn?” she pressed the next banker.
“We exited student lending in 2009,” he replied.
“Mr. Dimon?” Waters tried again.
“When the government took over student lending in 2010, we stopped doing all student lending,” he said.
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She's so cute when she tries !
They just don't care anymore how stupid they sound....just attack.
i';ll just leave it at that
We will just leave it at that.
Too funny.
yea, she forgot....
WTF ?
Can't you see her point ?
Banks were gouging students, as they gouge EVERYONE
Forgot a trillion dollar program....
It would seem that you do not understand macroeconomics. Higher education is a common good that must be supported as a 21st-century public policy, so we need to find a way to pay for college that doesn't hobble graduates for life and prevent some people from attending college. These student loans prevent them from being able to buy a house or other capital purchases and that action ripples through all of society. If we don't fix this problem soon this could crash the economy just as the mortgage crisis did in 2008.
You don't appear to see the forest for the individual trees. The US is a very interconnected society and not just 350 million people living in close proximity to each other, so our public policies must reflect that interdependence.
Amazing how those who best exemplify exemplary examplfication , a made up word meant as a joke, have never stopped, and even severely increased the seriousness of said joke, can't grasp the concept of the completely devastating effects on this country, by continuing to dumb it down,
cause down
we all go
by it, and it is bought
Bettsyo Devos devoid of any experience , besides being the antithesis of one who should head education, as she , for years , tried to screw separation of church and state, family has donated hundreds of millions to the repubs, brother runs Black Water, the ones who want to Merc out our military, and have secret meetings with controversial figure heads on exclusive islands,
Should be Example Number 1
of why we continue the trend of DUMB
.
PS for those other than yourself and thinking individuals, the made up word would be "igknorantzrulz"
I'm related to two of them but this reply is a red herring.
Please read I wrote and only what I wrote because I chose my words very carefully so as to not leave anything for you to fill in. Did you happen to notice that I didn't say or even hint that a 4-year degree would now be mandatory because I didn't say that? You want to try to deflect attention because you do not want to discuss the subject at hand, which is public funding for post-secondary education.
I answered that previously.
Here's a thought ... choose a college where the tuition is only $40K instead of $70K, make sure that every course taken is valuable and not stupid shit like "How White Men Are Destroying the USA". Stop diddling in college safe spaces and protesting crap for SIX YEARS and graduate like normal people in FOUR YEARS.
how bout both ?
A Lone Gunman
be leave, most realise i use not a /s tag
Jasper, Jasper, Jasper...……….how unreasonable of you to even dare suggest that people be financially sane!
For shame!
I believe the new mantra is supposed to be "Free education, free education, loan "forgiveness"!!"
Well, though not directed to me, i'd have to go with the reality of the great pumpkin
existence, male pattern baldness, womens shoes,
and
possibly, a reality where you are wrong about Trump
Many states are not funding public higher education at the level to keep up with inflation, so the price of tuition paid by students is going up.
and this happened because...
4 years of $40K per is still 160K for 4 years, plus interest. That is another house payment.
You sound triggered by coursework some people choose to take.
Is this what Fox News says is happening? I took 6 years to graduate. My daughter graduated in 5.
Math major, I presume.
I did the math in my head as I was writing and didn't check it.
The corrected figure of $160K+ after 4 years doesn't help your argument.
What is your degree?
Seems like some want something for nothing--again.
Just can't take any personal responsibility for themselves. Want everyone else to pay.
Phfffft!
WHO THE FCK BAILED OUT THE BANKS , Wally ????
After they F'd US All
Obama wanted the federal government in charge of issuing those student loans. A very poor idea, actually.
You made an issue out of it, so I called you on it.
What field do you work in?
as you are aware XD, i'm self uneducated, do not like holier than thou's, and am only spotted,
when i wear stripes, but ill argue with anyone, irregardless
by the way, i have degrees in both Celcius and Farenheit,
i'm cool either way, till i get hot, but since i refuse to obey the laws of physics,
i'm knumb from inertia either weigh i fish for scaled down models of scaled up ones. Both represent versions of truth diversions, by design, by external interior designers who feel nothing could be finer
than to N joy such bliss
sum
don't miss
You should always start conversations with personal insults.
Subsidizing low-interest student loans is, in fact, supporting higher education.
"Hobble graduates for life"? Is there a college major in melodrama? The average student loan is about the cost of a new Toyota.
Only if their degree does not pay for itself and they are not aware of income based repayment.
Are there credit default swaps on tranches of student loans? So how exactly are we going to have a banking crisis on loans banks no longer make?
How do you propose we "fix" this "problem"?
In this case, millions of individuals trees whining about having to actually repay relatively small amounts of money they borrowed at artificially suppressed interest rates
A huge part of that interdependence revolves around people paying their debts, so we appear to be on track.
Which has nothing at all to do with the inflation rate for higher education being more than double the rate for other consumer items.
I'm far too secure in myself to be "triggered" by what you assume about me.
I wouldn't know, but I have read many NYT articles about this topic.
That's wonderful. Congratulations to both of you!
Maxine Waters is an idiot, plain and simple.
Happily, she is a Democrat.
Smarter than any republican Also: 1.1.1
i was
Seems I remember lots of discussion on the issue back in '09 and a few years thereafter. Cut the middle man out, chicken in every pot, it'll be great, we'll all make money and be better for it...which transitioned into loan forgiveness.
The government was there to help...
Indeed...