Declaration of Occupy Wall Street

[Jiro]

I'm not! hahaha...no way. I appreciate being educated not just on history but also on a variety of other subjects that I took as electives but thank god for that one year of intensive graphic design schooling. I hardly slept that year but it was worth it.

yep.... hardship indeed... I commuted 500 miles a week for few years to college and work.... 3-4 hrs of sleep.... overloaded semesters (more classes per semester than normal) so I can graduate in short time because I knew that the longer I stay in school, the more expenses I will have and thanks god I did that because just 2 semesters after I graduated, they jacked up tuition price! whew!!!!!!!!!!!!

With history degree.... if you don't mind mediocre car with frequent backfires and sharing with roomies... then it's not a waste but I'm sure you certainly don't want that kind of lifestyle and I can understand.

 

[DeafCaroline]

I know plenty. It's America!!!


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.


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.

Most Americans are unaware of what exactly happened that led to the market collapse. They're unaware of exactly what banks did and therefore clueless. The Inside Job explains how the market collapsed. It's not a show, it's a documentary. It's very educational. Some posters here were saying it's the homeowners' fault for not paying their loans. The real story is that banks, i.e. Bank of America, illegally raised interest rates to force the owners into foreclosure because of bigger banks demanding repayments from the smaller banks who overlended. I remember watching the news about homeowners being furious that their banks claimed not to have received those payments when in fact they did pay but the banks wanted so much to foreclose, sell off the homes cheaply to get their money back faster in order to pay off bigger firms like Fannie Mae and Freddie Mac that suddenly they didn't seem to get payments so they could force the foreclosures. this happened to many many homeowners and it's a very sad story. this is what i mean by corrupt illegally and unethical banking practices.

 

[jillio]

I have a history degree. the intern is right. that was a waste of four years.

Not good for much but teaching or perhaps curating. But curators jobs are slim to none, at least in the States.

I find it sad that we are so restricted in our persective that some knowledge is considered to be less than valuable. Those with a strong background in history have developed a perspective that would be useful in numerous fields.

 

[jillio]

But what I am saying is that ALL students who take out loans are disgruntled and angered by the terms under which they have to take out the loans, but they have no other choice. Unless the student goes to a Cal State University, or Alabama (say, are them boys still accredited?), they're probably reasonably smart and hard working.

What I see Jiro doing is demonizing all students who express anger over student loans, regardless of if they are paying off their debt, landed solid jobs, etc.

How would we be able to determine the amount of tools? Like I said, I taught at the university level. I worked with these students firsthand. They were good kids. The majority don't have the "gimme gimme" attitude.

Exactomundo!

 

[Daredevel7]

Not really. Both of my US History teachers had other jobs. One was a Dentist but he taught one History section per semester because he loved History. I am not sure what the other one did. But he too only taught one section per semester. And was involved in tons of Civil War re-enactments and appeared as an extra in a few civil war movies. He even had a speaking line in the movie "Gettysburg" (he made us watch the scene many times ) Point is they made their money one way and enjoyed their passions in another (Best teacher I had)

So basically, sometimes people have to make that tough choice passion/money but that doesn't mean you can't pursue your passion if you choose money.

Soooo what you are telling me is that those two guys had primary jobs to make money, probably giving at least 30 hours a week. They sound so starved for their passion that they were willing to take away more time away from their families or free time to do a second job doing what they love.

(I'm a little dramatic eh? )

You see it in a positive way, I don't. 2 hours a week doing what you love doesn't make up for possibly doing what you love for 40 hours a week. Oh well!!

 

[jillio]

Soooo what you are telling me is that those two guys had primary jobs to make money, probably giving at least 30 hours a week. They sound so starved for their passion that they were willing to take away more time away from their families or free time to do a second job doing what they love.

(I'm a little dramatic eh? )

You see it in a positive way, I don't. 2 hours a week doing what you love doesn't make up for possibly doing what you love for 40 hours a week. Oh well!!

Likewise, US history teachers have an education degree, not a history degree. Unless they were doctorates in history and they were teaching at the college level.

 

[Jiro]

And that degree doesn't come into play regarding "qualifications". Do you omit it from your resume, then?

You said you got the state ed grant for $4000. You then said it covered your tuition. You do the math.

How did being promiscuous help your family?

What's with these childish comments? Completely uncalled for and unnecessary. I don't know what you're trying to do in here. Are you trying to discredit me or something? I'm sorry if I exposed you for intellectual dishonesty but you don't need to try to do same on me because several ADers in here can vouch for me since they've already met me in person. and I've already stated my background in AD several times in the past. Feel free to find it.

so now can we move on? You're lucky that I'm being forgiving and nice today because it's Friday and it's my favorite month. You're just one inch away from report button. Now move on.

Gee, so you experienced the same thing that others have experienced in a failing economy. Difference is, you were lucky enough to have mom and dad to fall back on. Not everyone has that advantage, Jiro. Stop being so judgemental against those who don't have the advantages you have had. That's the whole point.

Lucky enough? Luck has nothing to do with it. I was SMART enough to not put me in shitty situation. and no I didn't have mom and dad to fall back on. Didn't you read carefully what I just wrote before? I supported my family financially when economy went kaput. I sacrificed four years of my life when I could have lived as a promiscuous bachelor fornicating around and enjoying life. But no I didn't....

Advantage? Judgmental? The only advantage I had over these poor bastards is my prudence and careful decision when signing papers with the Devil. Why should we be responsible for their mistakes?

But hey..... I'm a forgiving and understanding person. That's why I support Obama's bill to protect unemployed students. I agree with TXGolfer that it is in creditor's interest to refinance it with lower interest rate but hey.... it's their money and contract's a contract.

 

[TXgolfer]

But what I am saying is that ALL students who take out loans are disgruntled and angered by the terms under which they have to take out the loans, but they have no other choice. Unless the student goes to a Cal State University, or Alabama (say, are them boys still accredited?), they're probably reasonably smart and hard working.

What I see Jiro doing is demonizing all students who express anger over student loans, regardless of if they are paying off their debt, landed solid jobs, etc.

How would we be able to determine the amount of tools? Like I said, I taught at the university level. I worked with these students firsthand. They were good kids. The majority don't have the "gimme gimme" attitude.

On tools I

As for the other, I agree with Jiro. Although many of the loans totally suck. No one is forced into taking them.

Here is the thing in a nutshell (for me anyway). If they want to argue about loans, tuition and interest for the future. I am all for it. I will even join in as I am paying tuition for a child now. BUT, it is senseless to argue about the past because those people signed on the line. If they can convince banks to lower their interest from past loans....great! if they can't....tough. That is my two cents.

 

[jillio]

oh gee.... where did my taxes go to? gimme gimme gimme it back!


nah more. that's why I had federal grants too. What's the matter? Feeling intimidated by my background or something? oh you!!!!


let's see.... a few days ago, I received a billing statement in mail from "Direct Loans". I have 3 loans and my original principal amount is $18,807.81 and my current principal balance is $17,912.97.

How depressing.....

Intimidated by your background? You are delusional.

Wow! A whole 18 grand in debt.

And yep, you took the free stuff and ran. So stop trying to act so superior.

 

[Jiro]

Most Americans are unaware of what exactly happened that led to the market collapse. They're unaware of exactly what banks did and therefore clueless. The Inside Job explains how the market collapsed. It's not a show, it's a documentary. It's very educational. Some posters here were saying it's the homeowners' fault for not paying their loans. The real story is that banks, i.e. Bank of America, illegally raised interest rates to force the owners into foreclosure because of bigger banks demanding repayments from the smaller banks who overlended. I remember watching the news about homeowners being furious that their banks claimed not to have received those payments when in fact they did pay but the banks wanted so much to foreclose, sell off the homes cheaply to get their money back faster in order to pay off bigger firms like Fannie Mae and Freddie Mac that suddenly they didn't seem to get payments so they could force the foreclosures. this happened to many many homeowners and it's a very sad story. this is what i mean by corrupt illegally and unethical banking practices.

so............. *birds chirping*

I dunno

 

[jillio]

What's with these childish comments? Completely uncalled for and unnecessary. I don't know what you're trying to do in here. Are you trying to discredit me or something? I'm sorry if I exposed you for intellectual dishonesty but you don't need to try to do same on me because several ADers in here can vouch for me since they've already met me in person. and I've already stated my background in AD several times in the past. Feel free to find it.

so now can we move on? You're lucky that I'm being forgiving and nice today because it's Friday and it's my favorite month. You're just one inch away from report button. Now move on.


Lucky enough? Luck has nothing to do with it. I was SMART enough to not put me in shitty situation. and no I didn't have mom and dad to fall back on. Didn't you read carefully what I just wrote before? I supported my family financially when economy went kaput. I sacrificed four years of my life when I could have lived as a promiscuous bachelor fornicating around and enjoying life. But no I didn't....

Advantage? Judgmental? The only advantage I had over these poor bastards is my prudence and careful decision when signing papers with the Devil. Why should we be responsible for their mistakes?

But hey..... I'm a forgiving and understanding person. That's why I support Obama's bill to protect unemployed students. I agree with TXGolfer that it is in creditor's interest to refinance it with lower interest rate but hey.... it's their money and contract's a contract.

I'm asking questions based on what you have said.

There it is again. You know Jiro, I guess its just a damned shame that not everyone has the intelligence and over abundance of prudence and fortune telling ability that you do. You are truly the most special person I have ever encountered. You really stand out as accomplished and wise in a sea of morons.

 

[Jiro]

Intimidated by your background? You are delusional.

Oh ok good. I thought I was seeing something because I thought you felt intimidated since you were hell-bent on trying to expose something on me

Wow! A whole 18 grand in debt.

that's just with one lender. I have other lenders too

And yep, you took the free stuff and ran. So stop trying to act so superior.

free stuff and ran?

Superior? I took a loan and I'm paying it back. I manned up to my responsibility.

 

[Jiro]

I'm asking questions based on what you have said.

There it is again. You know Jiro, I guess its just a damned shame that not everyone has the intelligence and over abundance of prudence and fortune telling ability that you do. You are truly the most special person I have ever encountered. You really stand out as accomplished and wise in a sea of morons.

why thank you.

Cognac, ma'am?

I've assisted my friends to deal with their debts. Refinance Refinance Refinance! Heck - I got my parents' property tax to be lowered.

 

[TXgolfer]

Soooo what you are telling me is that those two guys had primary jobs to make money, probably giving at least 30 hours a week. They sound so starved for their passion that they were willing to take away more time away from their families or free time to do a second job doing what they love.

(I'm a little dramatic eh? )

You see it in a positive way, I don't. 2 hours a week doing what you love doesn't make up for possibly doing what you love for 40 hours a week. Oh well!!

Hence, the choice. These two decided money was more important. Some choose passion. Life is tough that way. Your intern is lucky she has a choice and should make it wisely.

 

[DeafCaroline]

It's probably in the banks best interest to change the interest rate too. No doubt about it actually. But, that doesn't change the fact that Students did agree to the original deal.

They agreed...naively and without education.

Ok, here's a story - I am interested in purchasing a beautiful property in Alabama - about 40 acres of timberland filled with deer and wild turkeys. Out of curiosity, I went to RBC USA bank to ask them questions about their mortgages should I consider taking out a loan (I'm not, currently awaiting the sale of my father's estate, I hate debts). Went to the bank, met with the mortgage officer and she explained to me various mortgage options. The one thing she didn't go into detail about was interest, and what percentage of my monthly payments would go to interest. And when I asked, she was vague then I said, please give me your calculator so I can figure this out.

As it turns out, about 90% of my monthly mortgage payments would go to interest. I calculated how much I would have paid in interest versus the entire loan payment. the interest alone would have been twice the amount of the loan itself.

I had to do this on my own in the mortgage officer's office.

Then I looked at her and said - "do I really want to pay $150,000 to pay off a 50,000 loan? No thanks, have a good day."

I got up and walked out. She was speechless. She clearly didn't expect me to be that smart and informed. That's how banks operate, they expect their customers not to be that informed. And they're very reluctant to give exact details on the realities of loan repayments. My boyfriend came with me to that appointment, he was very impressed and said he learned something that day.

 

[TWA]

As for the other, I agree with Jiro. Although many of the loans totally suck. No one is forced into taking them.

They really don't have any choice. Tuition and living costs have risen rapidly in the last two decades. Part-time, and even full-time jobs, will not be enough to cover tuition and living expenses. So I guess we should just tell these kids tough luck? Hey, thanks for being a citizen. We gave you 12 years of substandard public education, now go be a cog working on the assembly line? I mean, there's nothing wrong with being a cog, but really, America can do better than that.

 

[Jiro]

They agreed...naively and without education.

Ok, here's a story - I am interested in purchasing a beautiful property in Alabama - about 40 acres of timberland filled with deer and wild turkeys. Out of curiosity, I went to RBC USA bank to ask them questions about their mortgages should I consider taking out a loan (I'm not, currently awaiting the sale of my father's estate, I hate debts). Went to the bank, met with the mortgage officer and she explained to me various mortgage options. The one thing she didn't go into detail about was interest, and what percentage of my monthly payments would go to interest. And when I asked, she was vague then I said, please give me your calculator so I can figure this out.

As it turns out, about 90% of my monthly mortgage payments would go to interest. I calculated how much I would have paid in interest versus the entire loan payment. the interest alone would have been twice the amount of the loan itself.

I had to do this on my own in the mortgage officer's office.

Then I looked at her and said - "do I really want to pay $150,000 to pay off a 50,000 loan? No thanks, have a good day."

I got up and walked out. She was speechless. She clearly didn't expect me to be that smart and informed. That's how banks operate, they expect their customers not to be that informed. And they're very reluctant to give exact details on the realities of loan repayments. My boyfriend came with me to that appointment, he was very impressed and said he learned something that day.

did bank lie to you?

 

[jillio]

did bank lie to you?

Dishonesty by ommission. Stil a lie.

 

[Jiro]

They really don't have any choice. Tuition and living costs have risen rapidly in the last two decades. Part-time, and even full-time jobs, will not be enough to cover tuition and living expenses. So I guess we should just tell these kids tough luck? Hey, thanks for being a citizen. We gave you 12 years of substandard public education, now go be a cog working on the assembly line? I mean, there's nothing wrong with being a cog, but really, America can do better than that.

2 things - community college and stay home. very cheap.

 

[TWA]

Dishonesty by ommission. Stil a lie.

It's almost worse than outright lying, to tell you the truth. At least when someone tells you a blatant lie, you have a chance of catching it. When they lie by omission, you are completely blindsided.