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ORIGINAL: ArizonaBossMan

and it doesn't work in other countries... look at greece.. look at a lot of them in europe, about to go belly up. Like Lady Thatcher once said, "Socialism works great until you run out of other people's money"

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ORIGINAL: kalikshama

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So bailing out the banks and auto companies teaches good responsibility? What am I missing

I think there should have been investigations, indictments, prosecutions, and jail terms.

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ORIGINAL: Kana

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ORIGINAL: kalikshama

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So bailing out the banks and auto companies teaches good responsibility? What am I missing

I think there should have been investigations, indictments, prosecutions, and jail terms.

Yep. There should have been. Instead not one SEC employee lost their job, and, outside of a few of the most flagrant mortgage companies, not one single exec has gone to jail.
That we kicked out 15 trillion and not one damn thing was changed, instead it's just business as usual, is a national disgrace.

And to add as a note, I worked in the finance department of a major university when the bailouts occurred and not one, none, zero, zip, nada, of the finance profs thought the bailouts were a good idea.
And these are folks from myriad backgrounds/countries/cultures/political ideologies/etc... that didn't agree on anything.
The folks who know numbers, who do em for a living, knew the bailouts were a joke before they happened.
That folks are upset the banks got bailed out while they (You know, the public, the folks whose money got so easily, callously and carelessly spent) are sinking into debt isn't shocking at all.
What's shocking is that more people aren't in the streets foaming at the mouth.

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ORIGINAL: FirmhandKY

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ORIGINAL: samboct

Change the laws so that if you declare bankruptcy- your student loan is dealt with the same as any other debt. Let the damn banks actually earn their money and make sure not to loan it out so frivolously. This is really the same crap as the housing meltdown- too many liar loans which is very much a function of banking deregulation- the mantra pushed by Ronnie and the Republicans for decades.

Agreed.  Except about the part where it's all Reagan's fault, anyway.

Firm

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ORIGINAL: GreedyTop

jeeez. I agree withyou again! HOLY SHIT!! I've become a Righty! *giggle*

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ORIGINAL: FirmhandKY

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ORIGINAL: GreedyTop

jeeez. I agree withyou again! HOLY SHIT!! I've become a Righty! *giggle*

The Dark Side always wins, in the end. 

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ORIGINAL: kalikshama
Obama on Bank Prosecutions: They Did Nothing Illegal, Only Found Loopholes That We Worked to Close

For perhaps the first time, President Barack Obama was forced to explain why there have been no prosecutions of Wall Street executives for their fraudulent actions during the run-up to the financial crisis. Asked by Jake Tapper to explain this behavior, Obama basically suggested that most of the actions on Wall Street weren’t illegal but just immoral, and that his Administration worked to re-regulate the financial sector with the Dodd-Frank reform legislation.

“Banks are in the business of making money, and they find loopholes,” the President said. Apparently forging and fabricating documents to prove ownership of homes that are subsequently stolen from borrowers is now a loophole.

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ORIGINAL: FirmhandKY

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ORIGINAL: GreedyTop

jeeez. I agree withyou again! HOLY SHIT!! I've become a Righty! *giggle*

The Dark Side always wins, in the end. 

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This is what I think not forgiving student loans teaches:

1. Young graduates are expected to accept more responsibility than banks.

2. Students aren't allowed to file bankruptcy, but all banks have to do is ask for a bailout.

I wonder if Bank of America plans to forgive any private Bank of America student loans of the workers they lay off. After all, it will be their fault the ex employees can't pay them anymore.

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ORIGINAL: kalikshama

Obama on Bank Prosecutions: They Did Nothing Illegal, Only Found Loopholes That We Worked to Close

For perhaps the first time, President Barack Obama was forced to explain why there have been no prosecutions of Wall Street executives for their fraudulent actions during the run-up to the financial crisis. Asked by Jake Tapper to explain this behavior, Obama basically suggested that most of the actions on Wall Street weren’t illegal but just immoral, and that his Administration worked to re-regulate the financial sector with the Dodd-Frank reform legislation.

“Banks are in the business of making money, and they find loopholes,” the President said. Apparently forging and fabricating documents to prove ownership of homes that are subsequently stolen from borrowers is now a loophole.

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ORIGINAL: DomYngBlk

But mostly I said that cause I can see Firm heading down his "Gov't is always evil" trail and wanted to point out that his theory didn't make sense.

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Public spending went up under Thatcher. Just saying.

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I said I'm against the fix of across the board student loan forgiveness. How did you come to the conclusion that I am against any and all actions?

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What does that teach about responsibility? That it's ok to incur 6 figures worth of debt and have it erased? You can generally color me liberal, but I think this is ridiculous.

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If you don't want the debt of an expensive school, go to a cheaper one.

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in the US, the state universities and colleges are considerably cheaper than private colleges. So there's choices between moderate debt and crushing debt right there.