“I agree that the tuition raises is part of the problem and increasing the bubble, but the loans (that the taxpayers will end up bailing out) are making it possible for the colleges to inflate their prices, just like the subprime loans given by banks made it possible for for the real estate market to inflate.”
“Are any of the candidates on either side addressing the student loan and education bubble that is going vertical and encouraging so many young to carry large debt, much like the housing scandal? I could imagine the next melt-down and bailout being associated with this.”
young73 on Mar 5, 2012 at 12:05:22
“Have you complained to your governor for allowing the state college to raise tuition so much
over the years? A lot of the stuff people are complaining about has nothing to do with the Federal Government, but has everything to do with the State government. The GOP presidential candidates' plans will increase the deficit more and cut SS, Medicare, and all other safety nets. Is that what you really want?”
“These two really don't deserve the time of day, but talk about ignorance. I really didn't believe there were people out there who were so insecure and ridiculous. Goes without saying, of course, but every group has its good and bad people.”
aford1930 on Feb 22, 2012 at 10:38:15
“yes every race has it's good and bad but look at the numbers of different races leaching off of the system and the black race is far more dominant that other races. if the truth hurts then you need to look into being albe to change things. if you work fo a living look at your pay check and just think how much more you could have if you didn't have to support these leaches.”
“If Massachusetts citizens were to pass up a moderate like Warren who can't be bought, I'd have to wonder about all the influence of all those universities in the state of higher education and whether they are broken and no longer creating a culture of people who can think for themselves.
They have a shot at one of the best candidates (most likely to remain responsive to the voters) in the entire country and it's hard to believe record numbers of them won't recognize that.”
Notmybrotherskeeper on Feb 17, 2012 at 15:23:44
“You think Liz is a moderate? Sure thing, so is BillyAyers.”
sticks n stones on Feb 17, 2012 at 15:21:19
“Oh, please. Warren has very little experience. She is nothing but a blank slate upon which you are projecting your hopes and dreams.”
“Why does this observation come so late? It's a surprise that all journalists haven't noted the conspicuous lack of investigations and prosecutions of those who took down the lives, jobs, pensions and economy of millions of their fellow citizens.”
Seymoreclearly on Feb 17, 2012 at 15:37:38
“Krugman has been railing for prosecutions for a couple years now. In fact, many other journalists & citizens have been calling for prosecutions, but true to form, Washington is NOT listening.”
“Perfect title. Yeah, right...where have we seen this play before? You would think a creatiive team could come up with another one---or just tell the truth about why the need to go to war w/Iran because if the reasoning is so sound, surely common sense will prevail and people will agree.”
1. We’ve now set a price for forgeries and fabricating documents. It's $2000 per loan. ...settlement represents about 1% of loan balances...no one is at any of the servicers going to jail for forgery...
2. ...$26 billion is actually $5 billion of bank money and the rest is your money...principal writedowns are guaranteed to come almost entirely from... taxpayers via Fannie and Freddie, pension funds, insurers, and 401 (k)s.
3. ...$5 billion divided among the big banks wouldn’t even represent a significant quarterly hit.
4. That $20 billion actually makes bank second liens sounder, so this deal is a stealth bailout that strengthens bank balance sheets at the expense of the broader public.
5. The enforcement is a joke. The first layer of supervision is the banks reporting on themselves.
6. The past history of servicer consent decrees shows the servicers all fail to comply.
7. Nevada and Arizona on the Countrywide settlement suit is a special gift for Bank of America...
8. If the new Federal task force were intended to be serious, this deal would have not have been settled. You never settle before investigating..no individuals or entities higher up the food chain will face any sort of meaningful charges.”
“Here's hoping we have more representatives capable of running a country that excels in a sustainable way due to hard work, good stratgey, innovation and the ability to get things done than we do reps with mere expertise in fundraising, insider trading or exploiting loopholes.”
mspat44417 on Feb 3, 2012 at 10:13:00
“You really don't think that that's going to happen do you....If so you are in for a major disappointment....”
“Instead of fearful nightmares and a low bar, how about some great leaders who aren't corporate owned and who have the vision to help us get back on track and beyond the problems past, innefective leadership has facililtated.
Of course we first better ask our state legislatures to pass a Consitututional amendment to get the money out of elections.”
“Try as people might to fan flames of anger over wealth, Americans have never been against wealth. When someone is ambitious and does cool or useful things to make loads of money, the people I know are either impressed or else wealth aquisition is not their thing and they don't really care one way or the other.
What most Americans seem to have a problem with is when the game is rigged, or when the wealth is gotten by way of theft, bailouts from the working poor, lies and spin, insider trading, crime, fraud, etc.
From what I understand Warren's wealth comes from teaching and expertise in finance matters (something we could really use as a nation right now as evidenced by our outlandish debt and unsustainable wars and all).”
ReadThomasSowell on Jan 31, 2012 at 22:06:42
“Buffet is a HUGE rigger of the game. You should google "buffet keystone pipeline".”
sticks n stones on Jan 31, 2012 at 20:27:24
“According to her, she's not wealthy.”
DanInLA on Jan 31, 2012 at 20:14:28
“If you believe she earned her wealth in the right way, then you haven't done enough homework yet.”