Mar
8
Why are student loans and car debt part of the "no banker left behind" bailout?
Filed Under Banker Bailout
This is totally unbelievable. Car loans and Student Loans are part of the bailout. What kind of crap is this?
http://www.washtimes.com/news/2008/sep/23/student-car-debt-quietly-added/
Wow no comments. Sad state of affairs.
Wow no comments. Sad state of affairs.
Obviously, you really don’t understand what is going on??? The only reason there is a need to "bail out" anyone is because good standing business’s are unable to borrow money (to pay salaries to their employees who already have put in the time), students are unable to borrow money (for GSL) or may not get their money they were guaranteed in a timely manner, people may lose their 401K’s or at least not be bale to access them anytime soon if this deal doesn’t happen soon.
Chris I
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Obviously, you really don’t understand what is going on??? The only reason there is a need to "bail out" anyone is because good standing business’s are unable to borrow money (to pay salaries to their employees who already have put in the time), students are unable to borrow money (for GSL) or may not get their money they were guaranteed in a timely manner, people may lose their 401K’s or at least not be bale to access them anytime soon if this deal doesn’t happen soon.
Chris I
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