Government to buy 6.8 billion in studen loans - GoFuckYourself.com

IllTestYourGirls · 11-20-2008, 07:50 PM

http://www.nytimes.com/2008/11/21/bu...1&ref=business

Good way to teach these kids to depend on the government for everything.

EscortBiz · 11-20-2008, 07:55 PM

its fucked up everyone who owes money to banks dont give a shit the media has been repeating all day that the banks screwed the consumer

people who have money and refuse to pay should be thrown in jail

tony286 · 11-20-2008, 07:56 PM

did u actually take the time to read the article? its not about depending on the government,its about unfreezing credit.

$5 submissions · 11-20-2008, 07:56 PM

Bad move. Moral Hazard.

EscortBiz · 11-20-2008, 07:59 PM

Quote:

Originally Posted by tony404

did u actually take the time to read the article? its not about depending on the government,its about unfreezing credit.

def every move related to giving banks money is about unfreezing credit, the issue is people have stopped paying home loans and CC's even those who can

Brujah · 11-20-2008, 08:05 PM

Are you suggesting that this is erasing $6.8 billion in existing student loan debts? If so, that's not how I read it. It's making sure that student loans are going to continue to be available. The "people" aren't depending on the government. The Banks are.

tony286 · 11-20-2008, 08:05 PM

Quote:

Originally Posted by EscortBiz

def every move related to giving banks money is about unfreezing credit, the issue is people have stopped paying home loans and CC's even those who can

i agree with you 100 percent,people should pay if they can but I['ll test girls talked about depending on government and the article has nothing to do with that. I dont understand they gave these banks 350 billion to unfreeze credit and they arent doing that.Why isnt Hank pissing all over them? Im on the board of a small condo 28 units and we are suing a bunch for nonpayment and I see that growing.

EscortBiz · 11-20-2008, 08:09 PM

Quote:

Originally Posted by tony404

i agree with you 100 percent,people should pay if they can but I['ll test girls talked about depending on government and the article has nothing to do with that. I dont understand they gave these banks 350 billion to unfreeze credit and they arent doing that.Why isnt Hank pissing all over them? Im on the board of a small condo 28 units and we are suing a bunch for nonpayment and I see that growing.

yup banks are cutting everyones credit business and personal even those with great credit and long payment histories

CIVMatt · 11-20-2008, 08:11 PM

GOOD, I have 3 degrees and I'm tired of paying fucking student loans

tony286 · 11-20-2008, 08:16 PM

Quote:

Originally Posted by CIVMatt

GOOD, I have 3 degrees and I'm tired of paying fucking student loans

3 degrees and did you actually read the article? lol

AlienQ - BANNED FOR LIFE · 11-20-2008, 08:31 PM

Nice... So the government gets these loans gets the guys that can't pay them then pushes em into the military to pay off the debt?

Lets put Americas most educated on the front lines...

Sounds good, real good...

LiveDose · 11-20-2008, 08:33 PM

Are they buying these loans with Chinese money or some backup stash? The debt is just being pushed around. Nobody is buying anything.

The economy is a complete mess.

Firehorse · 11-20-2008, 08:33 PM

This is beginning to resemble a clusterfuck!

pocketkangaroo · 11-20-2008, 08:36 PM

This was done to unfreeze credit in the market.

And if there was anything I want the government to buy up, it's these. Student loans are one of the safer loans out there. It's not like they are buying up homes that were highly overvalued. They will get their money back. Not to mention that it's bad for the entire country if kids can't go to college.

Barefootsies · 11-20-2008, 09:02 PM

Quote:

Originally Posted by tony404

did u actually take the time to read the article? its not about depending on the government,its about unfreezing credit.

WiredGuy · 11-20-2008, 09:06 PM

Quote:

Originally Posted by tony404

did u actually take the time to read the article? its not about depending on the government,its about unfreezing credit.

The $700 billion dollar bailout for the banks was supposed to free up banks from lending too, that didn't do anything to stimulate loans really.
WG

IllTestYourGirls · 11-20-2008, 09:30 PM

Quote:

Originally Posted by tony404

did u actually take the time to read the article? its not about depending on the government,its about unfreezing credit.

Quote:

Originally Posted by EscortBiz

def every move related to giving banks money is about unfreezing credit, the issue is people have stopped paying home loans and CC's even those who can

Quote:

Originally Posted by tony404

i agree with you 100 percent,people should pay if they can but I['ll test girls talked about depending on government and the article has nothing to do with that. I dont understand they gave these banks 350 billion to unfreeze credit and they arent doing that.Why isnt Hank pissing all over them? Im on the board of a small condo 28 units and we are suing a bunch for nonpayment and I see that growing.

If you do not understand this is a massive transfer of wealth you live in a closet. If you do not see this is a move to say "hey look the government will take care of you" you live in a closet.

the 750 billion was to be used to unfreeze credit and IT HAS NOT and IT WILL NOT. This is just more of the transfer.

This is fascism and I can not believe tony404 is for this much fascism

pocketkangaroo · 11-20-2008, 09:37 PM

Quote:

Originally Posted by IllTestYourGirls

If you do not understand this is a massive transfer of wealth you live in a closet. If you do not see this is a move to say "hey look the government will take care of you" you live in a closet.

the 750 billion was to be used to unfreeze credit and IT HAS NOT and IT WILL NOT. This is just more of the transfer.

This is fascism and I can not believe tony404 is for this much fascism

I can understand using the word socialism to describe the move, but fascism? How is this fascism?

onwebcam · 11-20-2008, 09:41 PM

You can't unfreeze imaginary things. Banks create money out of thin air for loans. If you deposit $100 into a bank the bank can then loan out $900. That $900 then goes to another bank and that bank can create $8100. That $8100 then gets deposited into another bank and that bank.... The Federal Reserve is a private bank. When congress okays lets say $700 billion dollars that $700 billion dollars can then be made into $6.3 trillion dollars. The government taking over these fake creation of loans mae then gives them the power to do exactly what someone here is suggesting, throw you in jail. What happens when there comes a time very shortly down the road when even more millions of people can't pay their mortgage. Don;t laugh they are proposing a law making people obligated for loans made on homes. Even though they get the home if you foreclose and they didn;t really have the money to lend you.

11-20-2008, 07:50 PM	#1
IllTestYourGirls Ah My Balls Industry Role: Join Date: Feb 2007 Location: Under the gold leaf ICQ 388-454-421 Posts: 14,311	Government to buy 6.8 billion in studen loans http://www.nytimes.com/2008/11/21/bu...1&ref=business Good way to teach these kids to depend on the government for everything. __________________

11-20-2008, 07:55 PM	#2
EscortBiz Fuck Checks, CASH only! Join Date: May 2002 Location: New York City Posts: 19,422	its fucked up everyone who owes money to banks dont give a shit the media has been repeating all day that the banks screwed the consumer people who have money and refuse to pay should be thrown in jail __________________ Spanking, Medical Fetish, Sleeping, Strap-on Anal Lesbians, Girls Fucking Guys, Handjob site REAL HOT, Shemales, Anal and Ass Licking sites 100% Real EXCLUSIVE with amazing retention, ccbill payouts, lots of content FREE FTP HOSTING Promote the largest and oldest member paid escort site, Converts 10 times better then any dating site, CCBill payouts ICQ# 158802076

11-20-2008, 07:56 PM	#4
$5 submissions I help you SUCCEED Industry Role: Join Date: Nov 2003 Location: The Pearl of the Orient Seas Posts: 32,195	Bad move. Moral Hazard. __________________ Need a NON-ADULT income stream? We build your YOUTUBE CHANNEL for only $20 per video! For Hire: $3/hour or $400 per month Marketing Specialist Virtual Assistants

11-20-2008, 08:05 PM	#6
Brujah Beer Money Baron Industry Role: Join Date: Jan 2001 Location: brujah / gmail Posts: 22,157	Are you suggesting that this is erasing $6.8 billion in existing student loan debts? If so, that's not how I read it. It's making sure that student loans are going to continue to be available. The "people" aren't depending on the government. The Banks are. __________________ Free Premium Domain Lists and Tools at Clickmojo.com For Sale: Obscenity.com

11-20-2008, 08:11 PM	#9
CIVMatt Amateur Pimpin Industry Role: Join Date: Aug 2004 Location: Orlando, FL Posts: 13,075	GOOD, I have 3 degrees and I'm tired of paying fucking student loans __________________ Make easy money with Webcams

11-20-2008, 07:56 PM	#3
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	did u actually take the time to read the article? its not about depending on the government,its about unfreezing credit.

11-20-2008, 08:31 PM	#11
AlienQ - BANNED FOR LIFE best designer on GFY Join Date: Mar 2003 Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384 Posts: 30,307	Nice... So the government gets these loans gets the guys that can't pay them then pushes em into the military to pay off the debt? Lets put Americas most educated on the front lines... Sounds good, real good... __________________ NAKED HOSTING FTW!11 I'm On The INSANE PLAN $9.95/mo! \| The Alien Blog Adult News Worth Reading Updated Daily \| Content For Sale! 641 PICS 216 MINUTES OF VIDEO $350.00 \|ICQ: 78943384 \| Last edited by AlienQ - BANNED FOR LIFE; 11-20-2008 at 08:33 PM..

11-20-2008, 08:33 PM	#12
LiveDose Show Yer Tits! Industry Role: Join Date: Feb 2002 Location: Somewhere Out there... Posts: 25,792	Are they buying these loans with Chinese money or some backup stash? The debt is just being pushed around. Nobody is buying anything. The economy is a complete mess. __________________ Scammer Alert: acer19 acer [email protected] [email protected] Money stolen using PayPal

11-20-2008, 08:33 PM	#13
Firehorse Desire it and have it!!! Join Date: Apr 2002 Location: www.fuckwithfire.com ICQ 512915 Posts: 30,767	This is beginning to resemble a clusterfuck! __________________ MySweetEbony

11-20-2008, 08:36 PM	#14
pocketkangaroo Confirmed User Join Date: Jan 2005 Location: Chicago, IL Posts: 8,452	This was done to unfreeze credit in the market. And if there was anything I want the government to buy up, it's these. Student loans are one of the safer loans out there. It's not like they are buying up homes that were highly overvalued. They will get their money back. Not to mention that it's bad for the entire country if kids can't go to college.

11-20-2008, 09:41 PM	#19
onwebcam Fake Nick 1.0 Industry Role: Join Date: Oct 2005 Location: Rent free, your head Posts: 27,652	You can't unfreeze imaginary things. Banks create money out of thin air for loans. If you deposit $100 into a bank the bank can then loan out $900. That $900 then goes to another bank and that bank can create $8100. That $8100 then gets deposited into another bank and that bank.... The Federal Reserve is a private bank. When congress okays lets say $700 billion dollars that $700 billion dollars can then be made into $6.3 trillion dollars. The government taking over these fake creation of loans mae then gives them the power to do exactly what someone here is suggesting, throw you in jail. What happens when there comes a time very shortly down the road when even more millions of people can't pay their mortgage. Don;t laugh they are proposing a law making people obligated for loans made on homes. Even though they get the home if you foreclose and they didn;t really have the money to lend you. __________________ PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF..... ██████████████████▒ 99.5% complete.