The Official "Making America Great Again" Thread

[Winterborn]

Z, what's the likelihood of another bubble forming (if it isn't already) and when?

Housing bubble?

Because I think the next shoe to drop is GSL's.

GSL's?

[AZGrizFan]

Housing bubble?

Because I think the next shoe to drop is GSL's.

GSL's?

Guaranteed Student Loans. That's become a huge donk rallying cry about how government should "forgive" those loans. #'s as high as $500 billion in bailout...

[Winterborn]

GSL's?

Guaranteed Student Loans. That's become a huge donk rallying cry about how government should "forgive" those loans. #'s as high as $500 billion in bailout...

Got it. So I would get to pay for somebodies bad decision making. How about just not taking out a loan that you have no ability to repay.

[CID1990]

Dems cleaning up deficit damage?

But I do agree with Fiver that both sides are guilty and congress obviously plays a huge roll.

*role

[houndawg]

Remember when conservatives complained about the deficit and debt?

Pepperidge Farm remembers.

Yeah it was about the same time leftists didn't





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That was back when they left a few crumbs on the table for us

[houndawg]

Guaranteed Student Loans. That's become a huge donk rallying cry about how government should "forgive" those loans. #'s as high as $500 billion in bailout...

Got it. So I would get to pay for somebodies bad decision making. How about just not taking out a loan that you have no ability to repay.

You did it ten years ago without whining.

[Winterborn]

Got it. So I would get to pay for somebodies bad decision making. How about just not taking out a loan that you have no ability to repay.

You did it ten years ago without whining.

You are going to have to jog my memory, what was ten years ago?

[Bisonfanatical]

Guaranteed Student Loans. That's become a huge donk rallying cry about how government should "forgive" those loans. #'s as high as $500 billion in bailout...

Got it. So I would get to pay for somebodies bad decision making. How about just not taking out a loan that you have no ability to repay.

Fiscal responsibility is such a lost art.



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[Grizalltheway]

You did it ten years ago without whining.

You are going to have to jog my memory, what was ten years ago?

[houndawg]

You did it ten years ago without whining.

You are going to have to jog my memory, what was ten years ago?

2008...Wall Street...

[houndawg]

GSL's?

Guaranteed Student Loans. That's become a huge donk rallying cry about how government should "forgive" those loans. #'s as high as $500 billion in bailout...

The students are too big to fail.

[houndawg]

You are going to have to jog my memory, what was ten years ago?

[CAA Flagship]

Amazon raises minimum wage for all employees to $15/hr.
Thanks Trump.

[Ibanez]

Housing bubble?

Because I think the next shoe to drop is GSL's.

GSL's?

If this bubble bursts, I’d love to see what the government will do to bail out itself and the #1 lender (Nelnet and Great Lakes merged and now handle close to 50% of all student loans). That’s something like $440B (including private student loans). I’m with you, the next recession will be on our backs. Doing what our parents and schools, who were supposed to know best, told us to do.


It makes you wonder how our economy would be if money was still based on something like gold instead of “full faith and credit.”





I’m shocked a “Mr.Robot” hasn’t tried to take down the student loan industry.


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[AZGrizFan]

GSL's?

If this bubble bursts, I’d love to see what the government will do to bail out itself and the #1 lender (Nelnet and Great Lakes merged and now handle close to 50% of all student loans). That’s something like $440B (including private student loans). I’m with you, the next recession will be on our backs. Doing what our parents and schools, who were supposed to know best, told us to do.


It makes you wonder how our economy would be if money was still based on something like gold instead of “full faith and credit.”

I’m shocked a “Mr.Robot” hasn’t tried to take down the student loan industry.


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It’s not “if” this bubble bursts....it’s “when”. And it was completely avoidable.

[89Hen]

I’m with you, the next recession will be on our backs. Doing what our parents and schools, who were supposed to know best, told us to do.

I'm so tired of seeing 20 somethings who have hundreds of thousands of dollars in student loan debts. It's awful to see so many people feel it's their right to go to any school they want regardless of cost. Reminds me of people who don't understand credit cards. More folks are finally catching on to CC's, hopefully they do the same with student loans. I had one person come for a mortgage with almost $400k in student loans and they were working for a non-profit earning >$50k.

[Chizzang]

I’m with you, the next recession will be on our backs. Doing what our parents and schools, who were supposed to know best, told us to do.

I'm so tired of seeing 20 somethings who have hundreds of thousands of dollars in student loan debts. It's awful to see so many people feel it's their right to go to any school they want regardless of cost. Reminds me of people who don't understand credit cards. More folks are finally catching on to CC's, hopefully they do the same with student loans. I had one person come for a mortgage with almost $400k in student loans and they were working for a non-profit earning >$50k.

in 2007 you could have gotten them approved and made a couple points off them...



Now they can't get a loan at all - and nobody can fuck the system over

[89Hen]

I'm so tired of seeing 20 somethings who have hundreds of thousands of dollars in student loan debts. It's awful to see so many people feel it's their right to go to any school they want regardless of cost. Reminds me of people who don't understand credit cards. More folks are finally catching on to CC's, hopefully they do the same with student loans. I had one person come for a mortgage with almost $400k in student loans and they were working for a non-profit earning >$50k.

in 2007 you could have gotten them approved and made a couple points off them...



Now they can't get a loan at all - and nobody can fuck the system over

Yup. There were many lenders who abused the system. Many of them associated with builders. Last time I checked my default rate was still zero.

[Skjellyfetti]

they were working for a non-profit earning >$50k.

To be fair, that could be a substantial amount of money.

[AZGrizFan]

they were working for a non-profit earning >$50k.

To be fair, that could be a substantial amount of money.

<, >, it’s all a matter of perspective.

[89Hen]

To be fair, that could be a substantial amount of money.

<, >, it’s all a matter of perspective.

$400k education, job you could do with a HS diploma... something doesn't match up.

[AZGrizFan]

<, >, it’s all a matter of perspective.

$400k education, job you could do with a HS diploma... something doesn't match up.

What doesn’t match up is your <, > choice.

[89Hen]

$400k education, job you could do with a HS diploma... something doesn't match up.

What doesn’t match up is your <, > choice.

Yup. I'm sure you've seen it too Z. I have a couple buying right now that have two car payments both over $750 a month on small pension income. Why people think they deserve to drive a car that's the same price as one year income is beyond me.

[Skjellyfetti]

Wooooosh.

[AZGrizFan]

Wooooosh.