Declaration of Occupy Wall Street

[Jiro]

no. more like - free education. a bailout for their college debts, perhaps?

 

[DeafCaroline]

no. more like - free education. a bailout for their college debts, perhaps?

Have you noticed none of them demanded free college education? Again, the whole point is unethical banking practices, i.e. exploitative student loans. They are asking banks to be more fair and moral in their loan policies for students and to offer lower interest rates and more reasonable monthly payments.

Banks know teenagers are very very naive and they take advantage of this when offering them loans. It's exploitative.

 

[Jiro]

Have you noticed none of them demanded free college education? Again, the whole point is unethical banking practices, i.e. exploitative student loans. They are asking banks to be more fair and moral in their loan policies for students and to offer lower interest rates and more reasonable monthly payments.

Banks know teenagers are very very naive and they take advantage of this when offering them loans. It's exploitative.

again.. teenagers cannot take loan out themselves. parents are involved and it's required so adults are very very naive too?

 

[DeafCaroline]

again.. teenagers cannot take loan out themselves. parents are involved and it's required.

If the students are 18, they don't require their parents' permission. I didn't require mine at all when I turned 18 for one is considered legally an adult at that age.

As for that photo - she made a fair point - why shoul multi-millionaires be bailed out and furthermore, give themselves million dollar bonuses with the bailout money while their actions on Wall street resulted millons of foreclosures and in greater levels of unemployment for students, the same ones they loaned money to. Fair question. She was making a point.

 

[Daredevel7]

"I've got a 4.0 GPA, $90,000 in debt, and no job. Where is my bail-out?"

To Person A: "Haha, yea! Love tongue in cheek humor! Shows how ridiculous it is to bail out banks when they get into the same rut as us!"

To Person B: "Stupid punks want a free hand out! *spit*"

 

[Jiro]

If the students are 18, they don't require their parents' permission. I didn't require mine at all when I turned 18 for one is considered legally an adult at that age.

in America - students can't get FAFSA without parental involvement until they're 25 years old. Perhaps they should go to Canada. No bank in America would ever loan a huge amount of money to teens without any collateral.

As for that photo - she made a fair point - why shoul multi-millionaires be bailed out and furthermore, give themselves million dollar bonuses with the bailout money while their actions on Wall street resulted millons of foreclosures and in greater levels of unemployment for students, the same ones they loaned money to. Fair question. She was making a point.

that's a she? lol I can't tell.

 

[DeafCaroline]

in America - students can't get FAFSA without parental involvement until they're 25 years old. Perhaps they should go to Canada. No bank in America would ever loan a huge amount of money to teens without any collateral.


that's a she? lol I can't tell.

Really? The federal loans are only one of many many kinds of student loans. It's not the only one. And in fact, the federal loans can only give out a maximum amount per year. There are many banks that don't need parents to sign off on greater loans which usually means they can get away with charging higher interests.

 

[TXgolfer]

If the students are 18, they don't require their parents' permission. I didn't require mine at all when I turned 18 for one is considered legally an adult at that age.

As for that photo - she made a fair point - why shoul multi-millionaires be bailed out and furthermore, give themselves million dollar bonuses with the bailout money while their actions on Wall street resulted millons of foreclosures and in greater levels of unemployment for students, the same ones they loaned money to. Fair question. She was making a point.

And the answer is simple. The bank's bailout (loan) has been paid back for the most part. The students bailout (loan) has not. Banks did some things that were wrong....and they are paying hefty settlements.

As for your argument on the bonuses. Should we start harping on students with loans for eating out or buying video games and designer jeans? Does it really matter how they spend their money as long as they pay their debts?

And not everyone agrees with you that the banks are totally at fault. Many blame other factors. Bloomberg blames congress. Now of course you are entitled to your opinion, but it really shouldn't be stated as fact. Especially not when the opinion is based on a movie produced by a liberal. Let's not forget that earlier in this thread you were completely confused about Glass-Steagall. Don't take that the wrong way, at least you have heard of G-H when 3/4's of our country has no idea what that is. I think it's wonderful that you are learning about the system and our laws, not to mention how it all ties together. But many more knowledgeable people disagree with you on the cause. And there will probably never be a consensus on what caused the fall.

 

[jillio]

Have you noticed none of them demanded free college education? Again, the whole point is unethical banking practices, i.e. exploitative student loans. They are asking banks to be more fair and moral in their loan policies for students and to offer lower interest rates and more reasonable monthly payments.

You know, I wrote a lengthy post in agreement with you, but then decided to delete it. It is obvious that there are a couple of posters who are doing nothing but trolling this thread, making absurd statements in an attempt to manipulate the emotional response of others. Note, it you will, the majority are those that have no student loan debt because they have no post secondary education.

 

[DeafCaroline]

And the answer is simple. The bank's bailout (loan) has been paid back for the most part. The students bailout (loan) has not. Banks did some things that were wrong....and they are paying hefty settlements.

As for your argument on the bonuses. Should we start harping on students with loans for eating out or buying video games and designer jeans? Does it really matter how they spend their money as long as they pay their debts?

And not everyone agrees with you that the banks are totally at fault. Many blame other factors. Bloomberg blames congress. Now of course you are entitled to your opinion, but it really shouldn't be stated as fact. Especially not when the opinion is based on a movie produced by a liberal. Let's not forget that earlier in this thread you were completely confused about Glass-Steagall. Don't take that the wrong way, at least you have heard of G-H when 3/4's of our country has no idea what that is. I think it's wonderful that you are learning about the system and our laws, not to mention how it all ties together. But many more knowledgeable people disagree with you on the cause. And there will probably never be a consensus on what caused the fall.

What student can afford to buy designer jeans on a student loan? None of that I know of personally. the loans we got in Canada was hardly enough to cover tuition, cost of books, and room and board. Many had to work. Only students iknew that could afford fancy things were the ones who lived at home with their parents who paid for everything.

I got the Glass Steagall terms mixed up, I wasn't confused on it. And I still ask you - did you watch Inside Job?

and by the way, if you had, you would have known right off the bat that the movie is blaming both parties and holding them both accountable, it's a bi-partisan issue, not a liberal against conservative deal.

Just watch it , for pete's sakes. then maybe you can count yourself as being among the more knowledgeable ones.

 

[jillio]

again.. teenagers cannot take loan out themselves. parents are involved and it's required so adults are very very naive too?

We're talking advanced educational loans, Jiro, not a 2 year associates degree.:roll: Graduate students are responsible for their own loans. Their parents do not sign off on them. Likewise, many undergraduate students have been declared independent prior to the usual age of 24 for student loans. They, too, are responsible for the loan, not their parents.

 

[jillio]

What student can afford to buy designer jeans on a student loan? None of that I know of personally. the loans we got in Canada was hardly enough to cover tuition, cost of books, and room and board. Many had to work. Only students iknew that could afford fancy things were the ones who lived at home with their parents who paid for everything.

I got the Glass Steagall terms mixed up, I wasn't confused on it. And I still ask you - did you watch Inside Job?

and by the way, if you had, you would have known right off the bat that the movie is blaming both parties and holding them both accountable, it's a bi-partisan issue, not a liberal against conservative deal.

Just watch it , for pete's sakes. then maybe you can count yourself as being among the more knowledgeable ones.

This is a man who has never lived the life of a student, nor had the expenses of education. He has no idea what he is talking about. He is simply sitting behind a computer screen trying to pretend to be educated. He is failing miserably. As we can all see.

 

[DeafCaroline]

Have you noticed none of them demanded free college education? Again, the whole point is unethical banking practices, i.e. exploitative student loans. They are asking banks to be more fair and moral in their loan policies for students and to offer lower interest rates and more reasonable monthly payments.

You know, I wrote a lengthy post in agreement with you, but then decided to delete it. It is obvious that there are a couple of posters who are doing nothing but trolling this thread, making absurd statements in an attempt to manipulate the emotional response of others. Note, it you will, the majority are those that have no student loan debt because they have no post secondary education.

Interesting...huh.

 

[TXgolfer]

Occupy Protesters' One Demand: A New New Deal

The Demands group, first publicized yesterday by the New York Times, hasn't shared its proposal until now. The plan would involve the federal government raising about $1.5 trillion in new revenue and using it to create 25 million new public-sector jobs paying union-level wages. It would put Americans to work building bridges, roads, and affordable housing; providing free public transportation and free university education for all; staffing a single-payer health care system; and pursuing clean-energy research.

 

[Jiro]

Really? The federal loans are only one of many many kinds of student loans. It's not the only one. And in fact, the federal loans can only give out a maximum amount per year. There are many banks that don't need parents to sign off on greater loans which usually means they can get away with charging higher interests.

that's why it's a suicide to get a college loan from bank and everybody knows it. The only way to get FAFSA is to get your parents on board with you otherwise.... you're shit outta luck. There are some exceptions that you don't need parental involvement but majority of kids do not meet that exception.

so... now you understand where TXGolfer's coming from. It's not the banks or evil fat cats.... it's the kids squandering their parents' money in college for partying and sleeping in class.... and picking useless major. worst of all - having a "gimme gimme gimme" attitude aka self-entitlement.

"I'm 4.0 Harvard student. where's my job?"

I'm sorry - I'm not gonna hire a person with that kind of attitude. I pay for result, not credential. 4.0 Harvard doesn't mean anything to me if his background is lighter than a paycheck I'm holding on my hand.

 

[jillio]

in America - students can't get FAFSA without parental involvement until they're 25 years old. Perhaps they should go to Canada. No bank in America would ever loan a huge amount of money to teens without any collateral.


that's a she? lol I can't tell.

Actually, that is incorrect. The age is 24, and that is not a constant. Many students are declared independent at the age of 18 and assume their own debt.

Students don't "get" a FAFSA. Students fill out a FAFSA. A FAFSA is a Federal Application for Student Aid that determines a student's eligibility for low interest subsidized and unsubsidized loans, and an undergraduate Federal Grant called the Pell Grant. The Pell Grant is not available past the undergraduate level. The unsubsudized and subsidized loans are.

You are also wrong regarding banking institutions making loans to students without collateral. They do it all the time.

It would appear that you have joined forces with someone who is doing nothing other than attempting to make all protesters appear to be worthless bums looking for a handout, and in the process, are making some very innacurate statements.

 

[Jiro]

What student can afford to buy designer jeans on a student loan? None of that I know of personally. the loans we got in Canada was hardly enough to cover tuition, cost of books, and room and board. Many had to work. Only students iknew that could afford fancy things were the ones who lived at home with their parents who paid for everything.

I know plenty. It's America!!!

I got the Glass Steagall terms mixed up, I wasn't confused on it. And I still ask you - did you watch Inside Job?

why do you keep telling us to watch Inside Job? You learned the ugly truth from... a show? We don't need to watch it because we've got firsthand experience from from reality.

and by the way, if you had, you would have known right off the bat that the movie is blaming both parties and holding them both accountable, it's a bi-partisan issue, not a liberal against conservative deal.

Just watch it , for pete's sakes. then maybe you can count yourself as being among the more knowledgeable ones.

lol wot? I don't believe anybody is to be blamed for our college debt. Nobody forced me to take a loan out for college. I am the one who signed the paper and it is assumed that I know what I'm in for unless they lied and screwed me. You know it won't hold up in any court of law if I sued them for "intellectual dishonesty" because the court will ask me - "Did you read the contract? Did you fully understand it? no? then why did you sign it? You could have just hire a lawyer or consult with professional before you sign it."

This is real world.... not baby crib.

 

[jillio]

that's why it's a suicide to get a college loan from bank and everybody knows it. The only way to get FAFSA is to get your parents on board with you otherwise.... you're shit outta luck. There are some exceptions that you don't need parental involvement but majority of kids do not meet that exception.

so... now you understand where TXGolfer's coming from. It's not the banks or evil fat cats.... it's the kids squandering their parents' money in college for partying and sleeping in class.... and picking useless major. worst of all - having a "gimme gimme gimme" attitude aka self-entitlement.

"I'm 4.0 Harvard student. where's my job?"

I'm sorry - I'm not gonna hire a person with that kind of attitude. I pay for result, not credential. 4.0 Harvard doesn't mean anything to me if his background is lighter than a paycheck I'm holding on my hand.

Again, Jiro. a FAFSA is an application. That is all it is. Stop using the term as if it is a loan. It is not. It is an application for elibility.:roll:

Just because parents were able to support you while you got an IT degree (Associate's?) doesn't mean that everyone's parents are able to. Are you actually saying that low income students should not get the education that will assist them in getting away from the constraints of poverty? Because it certainly appears that you are.

 

[TXgolfer]

Have you noticed none of them demanded free college education? Again, the whole point is unethical banking practices, i.e. exploitative student loans. They are asking banks to be more fair and moral in their loan policies for students and to offer lower interest rates and more reasonable monthly payments.

You know, I wrote a lengthy post in agreement with you, but then decided to delete it. It is obvious that there are a couple of posters who are doing nothing but trolling this thread, making absurd statements in an attempt to manipulate the emotional response of others. Note, it you will, the majority are those that have no student loan debt because they have no post secondary education.

You edited...but here was my reply

NEW YORK — As President Barack Obama announces plans to ease repayment of student loan debt, some in the “Occupy” protest movement are agitating for a far more radical solution: debt forgiveness or a mass payment stoppage.

While economists say there is little chance that such tactics could succeed, the fact that they are even being talked about — including the recent introduction of a congressional resolution calling for student loan forgiveness — shows the depth of the frustration and anger brewing over what is cumulatively a crushing debt load for U.S. students and graduates.

At a gathering last week in a public atrium a few blocks from the square that is home to the Occupy Wall Street encampment, New York University professor Andrew Ross led a discussion about the burden of student loan debt — now estimated to be between $550 billion and $829 billion — and proposed a radical solution: “A Pledge of Refusal.” The idea is that protesters would sign a pledge to stop making payments on their student loans as soon as 1 million had joined in making the pledge.

Protesters advocate making student loan debt disappear - US news - Life - msnbc.com

 

[Cheetah]

I have never had an parental involvement in my student loans. I started college at 20 and worked nearly every day of my college education. My loans were from a bank but guaranteed by the government. I spent a good number of years struggling to pay back those loans.