whatdidyousay!

Because there are Anti Semitic people like you around! Is not no business how rich a person is and I know a lot of Jewish people that not rich! Do you know USA is getting money from China and that we own China billions of dollars !

Deafness

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TXgolfer

And who's fault is that? They took out the loans. LOL. The could have done like me and many others and worked their way through school.

As for the bold. Duh! Welcome to the real world. If one over extends themselves they could be in real trouble. There is no job placement guarantee with a college degree.

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DeafCaroline

How old were those people taking out those private loans? Not old enough to know better. Most of them just left home and are completely clueless about the real world. Wall Street took advantage of that.

Like I said, the cost of university education in the US is growing fast.

You could say the same thing about adults borrowing for home loans "well, duh, they could have worked and saved up their money to pay for their house instead of getting a loan, it's their fault."

Did I mention the student loan bubble which is $830 billion is bigger than the entire credit card debt of America?

It's a problem.

Jiro

ssssshhhhh.........

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Secretblend

They don't have to go to school also. I didn't and I'm doing fairly well.

Jiro

the students cannot take loans out by themselves. in financial aids, they're not eligible for independent status until they're 24 years old. no banks would ever give out loans to college students without collateral or cosigner (typically parents)

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TXgolfer

I DO say the same thing about adults borrowing for home loans. I have many times here on AD.

School loans are usualy done thru financial aid and for those young uns their parents are normally a part of that process....especially freshman year. Perhaps they should blame their parents. Either way it's not the banks fault. Consider it Life 101.

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shel90

We need more doctors, engineers, mathematics, and scientists to compete globally. They need to go to school.

Not everyone who doesnt have a college degree is as lucky as you are. Most good paying jobs require degrees.

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Jazzberry

I can almost understand why someone who lives in the boondocks and has never personally met more than a 1,000 people in their entire life might believe in stereotypes.

However, Jiro, you've posted enough that I know you live and work in a large metropolitan area, travel frequently, and are a member of two minority groups yourself (Deaf and Korean-American). You really have no excuse to believe in stereotypes.

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DeafCaroline

Think how many students would equate a 830 billion debt in loans. Imagine if none of them went to college. The future of America would not look very bright if only a small percentage of adults went to college because they could afford to pay for it out of pocket.

Let's be realistic here.

DeafCaroline

So it's not the banks' fault that the market collapsed either then.

TXgolfer

You misunderstood what Jiro was saying.... He wasn't being Anti-Semitic.

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Jiro

stereotype? where? I've stated facts in all of my posts, not stereotype.

The purpose of this thread is to think because maybe it's just coincidental. maybe there's some mysterious force in work. it's a thought-provoking question but I'm just sad to see that people cannot intelligently put aside this whole Holocaust thing.

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TXgolfer

Nope.

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TWA

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

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

Jiro

but old America was doing just fine.

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Buffalo

Bill Gates and Warren Buffet aren't Jewish.

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TXgolfer

I came from an extremely poor family... I paid out of pocket. Worked my ass off.

My uncle had even less and worked his way through college while raising 2 kids.

Then again my high school BFF has never even been to a college football game much less a class and he is a VP in a large company and has a brilliant mind.

A lack of loans would do nothing to prevent someone with a strong desire. Loans however, enable the undecided and directionless

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Jiro

lol why are we thinking about non-Jewish rich people? Steve Jobs isn't Jewish either (but he was Buddhist). But I'm talking about people and corporations involved in Wall Street fiasco. Look at their background. They're mostly Jewish.

coincidental? I hope so.

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shel90

So you are saying that the protestor who is holding up that sign probably didnt do enough research on this issue?

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DeafCaroline

The top 10 firms held liable for the market collapse, only three of them run by Jews: former Fed Chairman Alan Greenspan, Current Fed Chairman Ben Bernanke and the Lehman Brothers CEO Richard Fuld.

All others, white guys. Washington Mutual, AIG, Fannie Mae, Freddie Mac, Bank of America... It was Washington Mutual who's held most responsible for the subprime mortgage crisis, and they were the ones who dragged down Fannie Mae and Freddie Mac.

DeafCaroline

I think you need to do more research.

DeafCaroline

Exactly! Old America that had regulated banking did fine. It was when it became unregulated and loans went from public to private and there was no longer transparency of deals, then the financial crises started happening.

DeafCaroline

You're right, it's the government's fault for deregulating Wall Street.

Jiro

you're looking at scapegoats and superficially. look at the Board Members, investors, influential and driving force. In fact, a lot of them are hidden from public view.

My brother and father are in business. it's a known fact among businessmen that Wall Street is controlled and dominated by Jewish people.

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Jazzberry

Reading this ignorance is truly painful. Though I find it difficult to believe that someone who is a member of minority group themselves that lives and works in a large metropolitian area is really that ignorant. If you actually believe this ... well there aren't enough hours in the day to educate you.

I don't have time. And I'm putting you on my ignore list along with Dr. Phil.

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Reba

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

Jiro

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.

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Jiro

You do not have to read this thread. I'm sorry that you have been overwhelmed with emotion. That's why this thread's in debate folder.

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DeafCaroline

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.

Jiro, ultimately, what's your point here?