You Nazi!

[shel90]

no. I'm just raising the point that I've always wondered why people commonly use "YOU NAZI!!!" attitude at just about everything from corporate corporation to Patriot Acts to etc. It doesn't fit in this picture.

probably in reference to an entity having so much power and control over our lives like Wall Street is pretty powerful in America's financial world.

 

[DeafCaroline]

no. I'm just raising the point that I've always wondered why people commonly use "YOU NAZI!!!" attitude at just about everything from corporate corporation to Patriot Acts to etc. It doesn't fit in this picture.

Because "Nazi" is associated with evil activities.

 

[Jiro]

Scapegoats? They are firms who were just as involved and as responsible for the collapse. I am laughing at the idea of Washington Mutual being a scapegoat when they were the ones who introduced subprime lending to the mortgage market thus helping create the housing bubble.

You're telling me that out of 10... only 3 are jewish and rest are not simply because their CEOs are not Jewish. That's too simplistic. Wall Street doesn't run like a simpleton.

Jiro, ultimately, what's your point here?

see Post #1, 3, and 5.

 

[Jiro]

probably in reference to an entity having so much power and control over our lives like Wall Street is pretty powerful in America's financial world.

Because "Nazi" is associated with evil activities.

right.... and those entities are mostly Jewish... hence "NAZI" poster is oxymoronic.

 

[shel90]

right.... and those entities are mostly Jewish... hence "NAZI" poster is oxymoronic.

Or maybe that protestor or protestor(s) knew that and are showing the Jewish people that they are being hypocrates.

Pls dont call me anti-semantic because I am just playing devil's advocate here.

 

[DeafCaroline]

I'm curious. In what year did students start financing their college educations with loans?

Not sure. Probably when the cost of university tuition and boarding started going up.

the problem here is banks being too lenient with loans and credit, especially private unregulated ones.

In Old America, as Jiro calls it, there were much stricter requirements to get approval for a loan.

 

[Reba]

Uh, no. You are "wrong-o."

The very term "antisemitic" is based on racial/ethnic hate, as opposed to religious hate.

When someone says or does something "anti-semitic," who is the target? Jews.

According to Britannica online:

"Semite, Person speaking one of a group of related languages, presumably derived from a common language, Semitic (see Semitic languages). The term came to include Arabs, Akkadians, Canaanites, some Ethiopians, and Aramaean tribes including Hebrews. Semitic tribes migrated from the Arabian Peninsula, beginning c. 2500 bc, to the Mediterranean coast, Mesopotamia, and the Nile River delta. In Phoenicia, they became seafarers. In Mesopotamia, they blended with the civilization of Sumer. The Hebrews settled at last with other Semites in Palestine."

So, to whom are anti-semitic remarks and actions made? Mostly Jews. Maybe a few Arabs but not because they are Arabs but because they are Muslims. In either case, it's because of their religious connections, not their ethnicity. You know that, and I know that.

Let's be honest. There are some individuals, organizations, and even nations who are anti-Jew. It's about their religion. Whether or not they practice it is irrelevant to those who hate them.

Pharaoh, Haman, Hitler and others tried to wipe them out because they were Jews, not because they were Semites.

 

[Jiro]

Or maybe that protestor or protestor(s) knew that and are showing the Jewish people that they are being hypocrates.

Pls dont call me anti-semantic because I am just playing devil's advocate here.

oh pft - ain't nobody labeling anybody in here. It's just a talk

I think I've raised a good question. In every single case like this... we all see at least one Nazi poster and I'm sure we all have had "You Nazi!" thought. I find this Nazi phenomenon interesting because whenever we get angry and fed up with anything relating to rich people or civil rights infringement, we think "You Nazi!"

 

[shel90]

oh pft - ain't nobody labeling anybody in here. It's just a talk

I think I've raised a good question. In every single case like this... we all see at least one Nazi poster and I'm sure we all have had "You Nazi!" thought. I find this Nazi phenomenon interesting because whenever we get angry and fed up with anything relating to rich people or civil rights infringement, we think "You Nazi!"

Well, it has happened here on AD regarding to the CI threads. LMAO!

 

[Reba]

Not sure. Probably when the cost of university tuition and boarding started going up.

the problem here is banks being too lenient with loans and credit, especially private unregulated ones.

In Old America, as Jiro calls it, there were much stricter requirements to get approval for a loan.

I looked it up. (I'm such a nerd. )

"The idea of financial aid started in 1935
While all this was going on, the actual idea of financial aid for students had been introduced in Indiana in 1935. The Indiana General Assembly legislated mandatory fee remission awards to students on the basis of competitive testing. Subsequently, the Indiana State Financial Aid Association (ISFAA), the first state financial aid association, was formed. In the early 1940s, the Financial Aid Office was created by Indiana University, functioning independently from Student Services, who had taken care of such matters up to that time. The ISFAA was run well, which encouraged other colleges, both private and public, to join the Association.

Through the years, the ISFAA underwent changes in their makeup, moving from a constitution-based organization to one of by-laws. From 1957-1960, when they finally settled on a solid foundation, they assisted the government in creating programs and training opportunities. You see, financial aid was a rather involved business, so the Association needed the training programs to teach each other ways of offering financial assistance. They developed and hosted a program that became very successful over the years.

The U.S. government looked for ways to educate their young
From the outset of the baby boomer age, the U.S. federal government was trying to increase the number of Americans entering college. They were constantly looking for programs that would allow more and more students to go to college. The result of these efforts was a number of programs made available to students from low- to middle-income families.

One of the first acts the government passed after WW II, was the National Defense Education Act, which was designed to revitalize public and private education. This was the act that was specifically introduced as the result of the launching of Sputnik, driven by the government’s desire to be #1. This program is still in effect today, but the name’s been changed to the Federal Perkins Loan program. The program offers low-interest (5%) student loans with up to 10 years to repay, with preference being given to low-income students.

A number of programs were introduced over the next few years, all with the purpose of making it easier for the “common joe” to get a student loan and a higher education. A few of those programs are:

The Health Education Assistance Act, 1963, which offered loans to medical and health program students.

The College Work-Study Program, 1964 (now called the Federal Work-Study Program). In this program, the federal government pays for most of students’ earnings so, in effect it covers their educational expenses.

The Educational Opportunity Grant Program, 1965, which was created specifically for low-income students who couldn’t afford college. No repayment was required.

The Guaranteed Student Loan (GSL) Program, 1965, which is also still in effect today. It’s name was changed in 1988 to the Federal Stafford Loan Program. This program provided more money for student loans through banks or lending agencies, to offset rising education costs.

The Middle Assistance Act, 1978, provided student loans to middle-class families. This act, in effect, removed the income limit on federal aid programs.

The Parent Loans for Undergraduate Students Program, 1981, allowed upper-income families to get student loans, but at much higher interest rates.

You can see that the pattern of these programs followed a definite path – they went from emphasis on campus-administered aid programs in 1965, to a basic grant approach in 1972, to an inclusion of lower income as well as middle income families in 1978. The evolution of student loans was very diverse and constantly changing."

The History of Student Loans

 

[DeafCaroline]

Glad you looked this up - you should see what happened after 1978...

"The next widening of the gap between loan and grant spending occurred in 1993 (deafcaroline's note: same year Wall Street was deregulated) with programs that increased borrowing limits and brought about unsubsidized loans for middle-income students. Essentially, more students were made eligible for aid and, as more students entered into postsecondary education of all kinds, tuition naturally increased, Unfortunately, this happened at a rate higher than the rate of inflation, outpacing the average family income throughout the 1990s (Glaudieux and Hauptman). But in 1997, tax credits for college expenses became law, and this was the first instance of non-need-based federal financial aid. President Clinton had aggressively pursued a complete overhaul of the federal financial aid system early in his first term, but the process was overwhelming and new phases of the program intended to pursue long-range reform were lost to downsizing when the Republican party took control of Congress during the midterm election of 1994....

Today the focus on affordability continues to center on the middle class, subordinating the discussion on access (Archibald 2002). One result of the affordability crisis is that students from low-income families and, in particular, minority students commonly attend less-expensive and lower-tier colleges. And while debts accrued by students in this situation are not necessarily higher, the subsequent ability to pay the debt off is usually much more difficult for students graduating from trade schools or lower-tier colleges since the average starting income is typically much smaller than students graduating from upper-tier colleges (Price 2004)."

A History of College Student Loans in America

 

[Beach girl]

no. I'm just raising the point that I've always wondered why people commonly use "YOU NAZI!!!" attitude at just about everything from corporate corporation to Patriot Acts to etc. It doesn't fit in this picture.

Because they are idiots, have a very poor grasp of history, would not know that "Nazi" is an abbreviation for "National Socialism," and so on and so forth. All they know is that being a Nazi (or a "fascist," another insult thrown around very loosely) is a bad, bad thing, so anytime they want to call someone a bad thing, the word "Nazi" springs to mind.

Those folks could use a "Political Science for Dummies" class, but unfortunately they have no understanding of their own ignorance, either.

 

[TXgolfer]

Glad you looked this up - you should see what happened after 1978...

"The next widening of the gap between loan and grant spending occurred in 1993 (deafcaroline's note: same year Wall Street was deregulated) with programs that increased borrowing limits and brought about unsubsidized loans for middle-income students. Essentially, more students were made eligible for aid and, as more students entered into postsecondary education of all kinds, tuition naturally increased, Unfortunately, this happened at a rate higher than the rate of inflation, outpacing the average family income throughout the 1990s (Glaudieux and Hauptman). But in 1997, tax credits for college expenses became law, and this was the first instance of non-need-based federal financial aid. President Clinton had aggressively pursued a complete overhaul of the federal financial aid system early in his first term, but the process was overwhelming and new phases of the program intended to pursue long-range reform were lost to downsizing when the Republican party took control of Congress during the midterm election of 1994....

Today the focus on affordability continues to center on the middle class, subordinating the discussion on access (Archibald 2002). One result of the affordability crisis is that students from low-income families and, in particular, minority students commonly attend less-expensive and lower-tier colleges. And while debts accrued by students in this situation are not necessarily higher, the subsequent ability to pay the debt off is usually much more difficult for students graduating from trade schools or lower-tier colleges since the average starting income is typically much smaller than students graduating from upper-tier colleges (Price 2004)."

A History of College Student Loans in America

Could you tell us which 1993 act you are referring to please?

 

[DeafCaroline]

Could you tell us which 1993 act you are referring to please?

Glass-Steagall Act

 

[TXgolfer]

Glass-Steagall Act

In 93?

 

[DeafCaroline]

Glass-Steagall Act

My bad - I'm messing up the dates. I meant to refer to the latest act which was 1999, which was a further repeal of the Glass Steagall Act of 1933.

The deregulation of Wall Street first happened in 1980, Depository Institutions Deregulation and Monetary Control Act, which was the first repeal of the Glass-Steagall Act of 1933.

Then in 1999, there was the Gramm–Leach–Bliley Act.

If you're interested in this, you really should watch "Inside Job" - it explained how banking practices started changing after deregulation.

 

[VacationGuy234]

As far as I know, student loans are not repackaged the same way mortgage-backed securities are packaged so there is no comparison of student loans to the current crisis, student loans are backed by the government.

The repackaging of home loans to mortgage-backed securities is what has caused the crisis because when you package anything as a bond you can't write it down(its a promise from the lender). Because of this, when housing prices collapse it's the bank who is at fault (they can't pay the bond note) not the home purchaser or the securities purchaser, hence the bank bailout. It is dumb moves like this by the bank (creating bad products)that has caused the crisis so they are rightly being targeted. However, it is the government's job to make sure this doesn't happen(Bush Administration).

I will also argue that the people who bought overpriced houses and sub prime mortgages are also at fault because, "anything that is too good to be true is not true".

Again, it has nothing to do with Jews because it is an American problem.

 

[Jiro]

Again, it has nothing to do with Jews because it is an American problem.

of course it is an American problem on the surface but when you dissect it and dig deeper.... shit gets ugly. it's just convenient and easier to blame Bush, Obama, or whoever.

 

[Reba]

Glad you looked this up - you should see what happened after 1978...

Interesting. Thanks for the follow up.

Yes, I did read additionally about the subsequent years. My curiosity was mostly about when student loans came about. Even during my high school years (1965-69), when I was thinking about college, a student loan wasn't even considered an option. Borrowing money to attend college just wasn't in the plan. Now, it seems every student uses loans. That's why I wanted to know, when did this change happen.

"The next widening of the gap between loan and grant spending occurred in 1993 (deafcaroline's note: same year Wall Street was deregulated) with programs that increased borrowing limits and brought about unsubsidized loans for middle-income students.

Most members here are too young to remember when credit of any kind was hard to come by.

I couldn't get my first credit card until I was at least 21 years old, a third class petty officer in the Navy (meaning I had a regular paycheck), went thru an extensive credit check thru a credit union, and had a co-signer. Even then, the card had a $1,000 limit. If I had no problems during the first year with that limit, then they would increase it to $2,000. Then, the places you could use credit cards was limited, and many stores had minimum purchase limitations.

Today's young people probably can't even imagine that.

My dad was the first member in our extended family to have credit cards. His work required a lot of travel, so that was the initial reason why he got them. He had to have several because not all places accepted all cards.

Things have changed!

 

[DeafCaroline]

of course it is an American problem on the surface but when you dissect it and dig deeper.... shit gets ugly. it's just convenient and easier to blame Bush, Obama, or whoever.

We should be blaming Reagan, Clinton, Bush and now Obama for this problem.