Elizabeth Warren

geckosfeet

(9,644 posts)

2. Educating young people will presumably result in a better life for them,

Thu Jul 18, 2013, 06:51 AM

Jul 2013

and in a better educated populace for the country.

Bottle necking the process with a for profit "business model" will result in a better profits and higher ceo pay for a smallish segment of the economy.

I'd love to get a business loan with no experience, no collateral, and no business plan at student interest rates.

17 or 18 year old kids getting their first taste of the business world through "take it in kiester business practices" by their student loan providers - nice sentiment. Got to toughen them up for the real world right? Is that the thinking here? Or is it simply squeezing every last drop of blood out of a lucrative market?

It looks like vulture capitalism to me. I vote for low cost easily available college education. Fuck the banks and loan providers. They should be regulated and managed to provide for the public good - not public blood sucking.

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Elizabeth Warren: Student Loan Profits 'Morally Wrong' [View all] East Coast Pirate Jul 2013 OP

So, why is government getting a return on money it borrows "immoral"? customerserviceguy Jul 2013 #1

Educating young people will presumably result in a better life for them, geckosfeet Jul 2013 #2

If everyone who paid the higher education industry customerserviceguy Jul 2013 #5

I agree as a practical matter, but disagree in principle. geckosfeet Jul 2013 #7

Why is it a "business" loan? djean111 Jul 2013 #3

Other countries customerserviceguy Jul 2013 #6

Because you're not a student. East Coast Pirate Jul 2013 #4

I don't like military waste customerserviceguy Jul 2013 #8

Then concentrate your dislike on the banks that borrow from the government at 0% and pay almost djean111 Jul 2013 #9

I dislike them both customerserviceguy Jul 2013 #10

I wish I could believe that, I truly truly do. djean111 Jul 2013 #11

It's the only thing I can think of customerserviceguy Jul 2013 #12