Ending up-front fees should make it far easier for all students to go to university as they will no longer have to pay up to /1,125 out of their loans at the start of each year. Student loans will also rise to meet average living costs.
President Reagan always gave the credit to the American people and American ideals. He treated his job as a valuable temporary loan from the American people, a loan that should be respected and returned with dutiful appreciation.
If all bank loans were paid, there would not be a dollar of coin or currency in circulation. Someone has to borrow every dollar we have in circulation. We are absolutely without a permanent money system.
I saw a man walk into my camera viewfinder from the left. He took a pistol out of his holster and raised it. I had no idea he would shoot. It was common to hold a pistol to the head of prisoners during questioning. So I prepared to make that picture - the threat, the interrogation. But it didn't happen. The man just pulled a pistol out of his holster, raised it to the VC's head and shot him in the temple. I made a picture at the same time. (On his 1968 photograph of the summary street corner execution of prisoner Nguyen Van Lem by South Vietnam's police chief, Lt. Col. Nguyen Ngoc Loan.)
What about the golf courses?What about the huge foreign bank loans?What about the condos and the apartments that they sell, the promoting and the trademarks?[ Jason] Chaffetz should be investigating the president-elect's impeding violation of the constitution, not this poor government official who is just trying to do his job. And Mr. Chaffetz has endorsed that unconstitutional plan.
Merely taking the profits from the hotels and putting those aside is not enough. They need to look at bank loans. They need to look at foreign banks leasing space in the Trump Tower.
There's one other element I just want to be sure to mention here: that is that there are 43 million young people who are locked into predatory student loan debt for whom there is no way out in the foreseeable future given the economy that we have: this predatory Wall Street driven financialized low-wage service industry economy.
Sometimes there are customers who get in difficulty because of situations that are out of their control. These are customers with genuine needs, and the role of the bank is to accommodate these customers, and there is a real need to reschedule the loans of these customers.
We can talk about republican or democratic approaches to the economy, but until you fix the student loan bubble - and that's where the real bubble is - and the tuition bubble, we don't have a chance. All this other stuff is shuffling deck-chairs on the Titanic.
I grew up with a single mom who was a waitress. We were on food stamps. My mom then got Pell Grants, put herself through college to get a degree to get a better job. Because we were broke, I then had to go to a state school. I went to Temple University, and had to get loans. So I grew up in a world where I saw the government helping individuals pull themselves up, and saw it work very successfully.
You can use the [Barack] Obama administration as a recent example. For seven years they've been unopposed. The Republican Party's not trying to stop 'em on a single thing. Much of Obama's agenda has been a success. He has been able to attack various traditions, institutions, and taken over the health care system in this country. They've taken over the student loan, they've taken over the education system, and everybody in it is miserable and unhappy.
Government's running the student loan program; what in the world could be wrong with it? If the government's running it, if Obama's taken it over, and he's got a lot of compassion, a big heart, loves people, what could possibly be wrong with it? And then the subject of tuition came up, and how come tuition never gets cut? Why does tuition always go up? Guarantee, folks, when you subsidize something, if you run a university and the government's gonna subsidize parts of your operation, why in the world should you cut anything?
We have to do more to make it easier for parents to balance work and family. If you left college with a ton of loans, it`s not enough just to make college more affordable. You need help right now with the debt you already have.
I have already released my financials, which are massive, and, by the way, which showed a tremendous company. It's over $10 billion in net worth that I have built with a very, very small starter loan years ago.
When I get asked the question, "Do I want to loan you money?" I want to know, how much do you earn? How much do you owe? What is your net worth? When people talk about countries for some reason they only ask how much did you earn and what's your debt?
The best way to look at any business is from the standpoint of the clients. So there are these certain basic things that aren't going to change. Companies are going to have needs for equity, debt, advice, FX, and derivatives. Individuals are going to have needs for auto loans, mortgages, something that looks like a deposit account, and the ability to send money to people. Those things aren't going to change.
Love's pure free joy when it works, but when it goes bad you pay for the good hours at loan-shark prices.
[T]he first bad bank loan was no doubt made around the time of the opening of the first bank.
Growth at an exceptional rate is a red flag in banking. It is hard enough to manage an ordinary bank; to control a sprouting weed is well-nigh impossible. If loans are expanding too quickly, the lending officers have probably been saying 'yes' too frequently.
The only time I've ever taken out a loan is for the building work I had done at our house and I did that by extending the mortgage.
If you were shopping for a father, you'd have to take out a serious loan to afford mine. He's the best.
That is to say, under the old way any time we wish to add to the national wealth we are compelled to add to the national debt. Now, that is what Henry Ford wants to prevent. He thinks it is stupid, and so do I, that for the loan of $30,000,000 of their own money the people of the United States should be compelled to pay $66,000,000 - that is what it amounts to, with interest.
Student loan debt is crushing young people. And so they're not doing the things we would expect them to do. They're not moving out of their parents' homes in as big a numbers, they're not saving up money for down payments, they're not buying homes or cars or starting small businesses or doing any of the things that help move this economy forward.
A banker who is allowed to borrow money at X and loan it out at X plus Y will just go crazy and do too much of it if the civilization doesn't have rules that prevent it.
I don't think people really do listen. We plug into music, and we have short attention spans. We tend to download individual tracks from iTunes rather than a whole album. We buy music DVDs and watch them once, and then they disappear into a drawer, or we loan them to a friend, and we never watch it again.
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