TPS Posted February 22, 2012 Share Posted February 22, 2012 So if there's a crisis, it's obviously her fault. Let's ignore the fact that banks continued lending her money even though that level of debt has an unrealistic chance of payback; but, hey, it's guaranteed by the government, so who cares about risk... Link to comment Share on other sites More sharing options...
Chef Jim Posted February 22, 2012 Author Share Posted February 22, 2012 So if there's a crisis, it's obviously her fault. Let's ignore the fact that banks continued lending her money even though that level of debt has an unrealistic chance of payback; but, hey, it's guaranteed by the government, so who cares about risk... Where the !@#$ did anyone say it was all her fault? But she is by far at the top of the list. The banks aren't expected to tell her: Hey! Get a !@#$ing job!!! Link to comment Share on other sites More sharing options...
Jim in Anchorage Posted February 22, 2012 Share Posted February 22, 2012 Research is probably a tighter job market than clinical work. If she's in research, and just got her degree, she's probably being offered a post-doc position, in which case she's probably lucky to get $40k (and in which case her MBA's not worth a whole lot, either.) And all that indicates a decision-making paradigm bad enough that she's probably not even worth $40k, either. I dismiss anyone who uses the word "paradigm" immediately as showing off their education. I prefer "scatter brained broad" Link to comment Share on other sites More sharing options...
DC Tom Posted February 22, 2012 Share Posted February 22, 2012 I dismiss anyone who uses the word "paradigm" immediately as showing off their education. I prefer "scatter brained broad" I dismiss anyone who dismisses "paradigm" as a backwoods hick. Read a !@#$ing book. Link to comment Share on other sites More sharing options...
Jim in Anchorage Posted February 22, 2012 Share Posted February 22, 2012 I dismiss anyone who dismisses "paradigm" as a backwoods hick. Read a !@#$ing book. Currently reading The storm of war by Andrew Roberts. Yes I know you could have done it better. Us hicks just don't know real much about fancy talk. Link to comment Share on other sites More sharing options...
jjamie12 Posted February 22, 2012 Share Posted February 22, 2012 (edited) So if there's a crisis, it's obviously her fault. Let's ignore the fact that banks continued lending her money even though that level of debt has an unrealistic chance of payback; but, hey, it's guaranteed by the government, so who cares about risk... How can 'banks' be at the top of your list when it's clearly and obviously 'government' and the woman that are the problem? There is no risk when it's guaranteed by the gov't -- the banks are simply doing *exactly* what the gov't is trying to get them to do! Yet you place the blame with the banks first and foremost! I just don't get it. I mean, let's play this out: Do you think this woman would have gotten +$400K if the loans WEREN'T guaranteed by the gov't? Is it really your position that the banks just don't 'understand' the risks here? Edited February 22, 2012 by jjamie12 Link to comment Share on other sites More sharing options...
KD in CA Posted February 22, 2012 Share Posted February 22, 2012 So if there's a crisis, it's obviously her fault. Let's ignore the fact that banks continued lending her money even though that level of debt has an unrealistic chance of payback; but, hey, it's guaranteed by the government, so who cares about risk... WTF kind of idiocy is that??? This post reminds me of when I was 7 and got a goldfish and someone told me "don't feed them too much because they will eat themselves to death because they are that stupid". The liberal utopia: Zero-responsibility expected from the citizenry. Link to comment Share on other sites More sharing options...
3rdnlng Posted February 22, 2012 Share Posted February 22, 2012 How can 'banks' be at the top of your list when it's clearly and obviously 'government' and the woman that are the problem? There is no risk when it's guaranteed by the gov't -- the banks are simply doing *exactly* what the gov't is trying to get them to do! Yet you place the blame with the banks first and foremost! I just don't get it. I mean, let's play this out: Do you think this woman would have gotten +$400K if the loans WEREN'T guaranteed by the gov't? Is it really your position that the banks just don't 'understand' the risks here? It's the CRA all over again. Link to comment Share on other sites More sharing options...
IDBillzFan Posted February 22, 2012 Share Posted February 22, 2012 WTF kind of idiocy is that??? This post reminds me of when I was 7 and got a goldfish and someone told me "don't feed them too much because they will eat themselves to death because they are that stupid". The liberal utopia: Zero-responsibility expected from the citizenry. What? You don't see how this woman is the victim in all of this? Link to comment Share on other sites More sharing options...
....lybob Posted February 22, 2012 Share Posted February 22, 2012 (edited) I don't know about about this women's particular case but I do know that college tuition has increased about 4x the rate of inflation for maybe the past 40-50 years. Just to show an example from my family, my sister who went to college about ten years earlier than me had a total tuition equal to about 2/3 her first year pay- my total tuition was about equal to my first year pay- my nephew going to school about 30 years after me will have a total tuition which will be between 5-7 times his expected first year pay, these are not disparate degrees I'm comparing but degrees in medicine and education from which you'd expect a solid middle-class income. Edited February 22, 2012 by ....lybob Link to comment Share on other sites More sharing options...
KD in CA Posted February 22, 2012 Share Posted February 22, 2012 I don't know about about this women's particular case but I do know that college tuition has increased about 4x the rate of inflation for maybe the past 40-50 years. Just to show an example from my family, my sister who went to college about ten years earlier than me had a total tuition equal to about 2/3 her first year pay- my total tuition was about equal to my first year pay- my nephew going to school about 30 years after me will have a total tuition which will be between 5-7 times his expected first year pay, these are not disparate degrees I'm comparing but degrees in medicine and education from which you'd expect a solid middle-class income. Yup; which is why people should be putting that $100 every month into a 529 plan instead of sending it to Verizon so they can have the unlimited text and data plan. Ditto for a dozen other luxeries that people somehow lived without 40 years ago when tuition was so cheap. Link to comment Share on other sites More sharing options...
John Adams Posted February 22, 2012 Share Posted February 22, 2012 (edited) I don't know about about this women's particular case but I do know that college tuition has increased about 4x the rate of inflation for maybe the past 40-50 years. Just to show an example from my family, my sister who went to college about ten years earlier than me had a total tuition equal to about 2/3 her first year pay- my total tuition was about equal to my first year pay- my nephew going to school about 30 years after me will have a total tuition which will be between 5-7 times his expected first year pay, these are not disparate degrees I'm comparing but degrees in medicine and education from which you'd expect a solid middle-class income. This is certainly part of the problem. I have an easy solution to this: more online classes for which you charge a lot less. Basically, recirculate lectures and pay the professors to grade and answer student emails. The undergrad classes I've taught could have been given for 300 or 30000 students and I only updated my lectures when needed. The only problem with the larger class is grading if the classes are written papers or problem solving (engineering). Edited February 22, 2012 by John Adams Link to comment Share on other sites More sharing options...
DC Tom Posted February 22, 2012 Share Posted February 22, 2012 Currently reading The storm of war by Andrew Roberts. Yes I know you could have done it better. Us hicks just don't know real much about fancy talk. ****-ass "What if/How the Germans Could Have One" book masquerading as history. It's not that I could do better so much as I wouldn't even bother. Read Tooze, The Wages Of Destruction, if you want a new and real analysis of the war. Link to comment Share on other sites More sharing options...
John Adams Posted February 22, 2012 Share Posted February 22, 2012 (edited) Yup; which is why people should be putting that $100 every month into a 529 plan instead of sending it to Verizon so they can have the unlimited text and data plan. Ditto for a dozen other luxeries that people somehow lived without 40 years ago when tuition was so cheap. Not that this is your point, but 100/month won't get you far. In PA, Penn State costs 15,000/year and that's just tuition. Drop in 8K for room and board and you're talking about 80K for a state school undergraduate degree, which won't get you far unless you're an engineer. Edited February 22, 2012 by John Adams Link to comment Share on other sites More sharing options...
Jim in Anchorage Posted February 22, 2012 Share Posted February 22, 2012 ****-ass "What if/How the Germans Could Have One" book masquerading as history. It's not that I could do better so much as I wouldn't even bother. Read Tooze, The Wages Of Destruction, if you want a new and real analysis of the war. Won you mean? Come on 40 pages of foot notes and the book is fluff? Link to comment Share on other sites More sharing options...
DC Tom Posted February 22, 2012 Share Posted February 22, 2012 Won you mean? Come on 40 pages of foot notes and the book is fluff? You mean end notes? Link to comment Share on other sites More sharing options...
Jim in Anchorage Posted February 22, 2012 Share Posted February 22, 2012 You mean end notes? There just called "notes". I can call them "foot notes" if I please Link to comment Share on other sites More sharing options...
/dev/null Posted February 22, 2012 Share Posted February 22, 2012 How can 'banks' be at the top of your list when it's clearly and obviously 'government' and the woman that are the problem? There is no risk when it's guaranteed by the gov't -- the banks are simply doing *exactly* what the gov't is trying to get them to do! Yet you place the blame with the banks first and foremost! I just don't get it. Just like it's McDonalds fault that people are getting fat Link to comment Share on other sites More sharing options...
KD in CA Posted February 22, 2012 Share Posted February 22, 2012 (edited) Not that this is your point, but 100/month won't get you far. In PA, Penn State costs 15,000/year and that's just tuition. Drop in 8K for room and board and you're talking about 80K for a state school undergraduate degree, which won't get you far unless you're an engineer. Actually, if you start saving for your kids' education at birth, $100/month for 18 years at 5% return will get you about $35K. Yes, college is expensive, but my point is the average person in our current society is grossly irresponsible about their own (and their childrens') financial future. People cry poverty yet eat out in restaurants all the time or fork over $4 for a cup of coffee because "I like Starbucks". Just incredible. Just like it's McDonalds fault that people are getting fat But what are the fat people supposed to do? McDonalds keeps selling them hamburgers!!! [/TPS] . Edited February 22, 2012 by KD in CT Link to comment Share on other sites More sharing options...
Doc Posted February 22, 2012 Share Posted February 22, 2012 There just called "notes". I can call them "foot notes" if I please "There?" Link to comment Share on other sites More sharing options...
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