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(Politico)   "By believing passionately in something that still does not exist, we create it"   (politico.com) divider line
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5906 clicks; posted to Main » and Politics » on 21 Oct 2020 at 1:05 AM (13 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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hubiestubert [TotalFark] [OhFark]
2020-10-20 8:44:25 PM  
This isn't White Wolf's Mage: The Ascension.

This is, however, the stupefyingly misappropriation of subjective reality that a lot of NeoCons glommed on to. They really liked the idea of feeding a view of reality that was divorced from facts. It is a weaponization of limited perception, as opposed to an understanding of how mind and emotions color our experience.

And boy howdy do they REALLY want to limit folks' perceptions.
 
gameshowhost [recently expired TotalFark]
2020-10-20 8:51:15 PM  
Shut up, Politico.  DeVos is simply *lying*.  She doesn't believe a goddamned thing she's pushing - she has a financial interest in pushing what she's pushing, and that's all she cares about.

/the judge is ~being diplomatic~
 
IgG4 [TotalFark]
2020-10-20 9:30:25 PM  
I'd say that probably 50% of the time a Trump Admin motion is rejected by a court it is because they did their paperwork incorrectly. The rest of the time is is just illegal or unconstitutional.
 
JohnnyApocalypse
2020-10-20 10:10:16 PM  
94% rejection rate. I'll hazard a guess. The judge was trying to expedite a backlog of claims, and in order to return to compliance, DeVos's people were sending denial letters. There were 4400 claims accepted, so they had to have at least looked at the paperwork. How many claims were they looking at? What was there benchmark? What kind of orders were given to the Education Dept that they could come up with a 94% rejection rate? DeVos is only one woman. How were there that many employees under her willing to screw people trying to get justice for being caught up in lending fraud? Yes, Trump has filled his cabinets with the dregs of corporate society, but that doesn't fill out entire departments with cronies. These are still career employees for the most part.
 
IgG4 [TotalFark]
2020-10-20 10:12:52 PM  
 

IgG4: I'd say that probably 50% of the time a Trump Admin motion is rejected by a court it is because they did their paperwork incorrectly. The rest of the time is is just illegal or unconstitutional.


My GED in law is a little out of date but I would guess that judges HATE having their time wasted with BS, incomplete, or incorrect filings etc. Why they even give them an in person hearing I don't understand. You would think they would just give it a grade of I and rule for the other side.
 
zepillin [TotalFark] [OhFark]
2020-10-20 11:45:48 PM  
Franz Kafka - Rock Opera
Youtube 8uaaF83eVig
 
fragMasterFlash [TotalFark] [OhFark]
2020-10-21 1:14:47 AM  
LA BOUM - Reality - Richard Sanderson (HD)
Youtube 8ejtIwBpqK4
 
recombobulator
2020-10-21 1:17:58 AM  
i.chzbgr.comView Full Size
 
mrparks
2020-10-21 1:19:20 AM  
I can't be the only person who wishes using that word was an impeachable offense.
 
Han Dolo
2020-10-21 1:25:45 AM  
Sounds suspiciously like prosperity gospel bullshiate
 
Han Dolo
2020-10-21 1:26:04 AM  
DRGFA
 
Han Dolo
2020-10-21 1:26:34 AM  
A bit sauced
 
bsmz
2020-10-21 1:46:16 AM  

gameshowhost: Shut up, Politico.  DeVos is simply *lying*.  She doesn't believe a goddamned thing she's pushing - she has a financial interest in pushing what she's pushing, and that's all she cares about.


What is DeVos' financial interest in denying all those claims?
 
TorpedoOrca [TotalFark]
2020-10-21 1:47:31 AM  
I honestly do not understand how this student loan pyramid scheme is supposed to play out.

Oh, you defaulted on your loan? Well there goes your credit score that was already in the toilet. I'll just sell this off to another debt collection company

Oh, you defaulted on your loan? Well there goes your credit score that was already in the toilet. I'll just sell this off to another debt collection company

Oh, you defaulted on your loan? Well there goes your credit score that was already in the toilet. I'll just sell this off to another debt collection company
 
Phony_Soldier
2020-10-21 1:53:09 AM  
I don't understand why the loans should be forgiven. People knew what they were getting into.
 
Bandito King [TotalFark] [OhFark]
2020-10-21 1:55:23 AM  

Phony_Soldier: I don't understand why the loans should be forgiven. People knew what they were getting into.


Predatory lending practices exist, smart guy.

As for DeVos, lock her up.
 
Phony_Soldier
2020-10-21 1:58:15 AM  

Bandito King: Phony_Soldier: I don't understand why the loans should be forgiven. People knew what they were getting into.

Predatory lending practices exist, smart guy.

As for DeVos, lock her up.


Meh, banks do the same shiat with credit cards and mortgages, not to mention "investment" accounts.

/But thanks even smarter guy.
 
sinko swimo
2020-10-21 2:00:03 AM  

bsmz: gameshowhost: Shut up, Politico.  DeVos is simply *lying*.  She doesn't believe a goddamned thing she's pushing - she has a financial interest in pushing what she's pushing, and that's all she cares about.

What is DeVos' financial interest in denying all those claims?


She gets to keep all the stamps they don't use. Sweet untouched sheets of Forever stamps just lay there waiting for her grasp.
 
kab [TotalFark]
2020-10-21 2:01:28 AM  
Well.. duh.  See: religion.
 
Phony_Soldier
2020-10-21 2:02:09 AM  

Bandito King: Phony_Soldier: I don't understand why the loans should be forgiven. People knew what they were getting into.

Predatory lending practices exist, smart guy.

As for DeVos, lock her up.


I did find this funny:

"Students came together to speak up for themselves and show the court the massive scope of the trauma they have endured at the hands of the Department of Education, and the courts are listening," said Eileen Connor, legal director at Harvard Law School's Project on Predatory Student Lending...

/Trauma???
//Seriously???
 
fusillade762
2020-10-21 2:07:50 AM  
a denial rate of 94 percent

Is that for loan forgiveness or reality?
 
Gordon Bennett [TotalFark] [OhFark]
2020-10-21 2:12:49 AM  

gameshowhost: Shut up, Politico.  DeVos is simply *lying*.  She doesn't believe a goddamned thing she's pushing - she has a financial interest in pushing what she's pushing, and that's all she cares about.

/the judge is ~being diplomatic~


Even today, despite the mountains of evidence and years of flagrant misbehaviour our institutions continue to treat the Trump administration and the GOP as if they were acting in good faith. It boggles the mind.
 
PerryWinnwet [TotalFark]
2020-10-21 2:24:08 AM  

Phony_Soldier: I don't understand why the loans should be forgiven. People knew what they were getting into.


Except this article isn't about ALL student loans, it's specifically about the student loans from institutions (allegedly) engaging in fraud. Where, by definition, the students were misled and therfore did NOT know exactly what they were getting themselves into.
 
Phony_Soldier
2020-10-21 2:47:01 AM  

PerryWinnwet: Phony_Soldier: I don't understand why the loans should be forgiven. People knew what they were getting into.

Except this article isn't about ALL student loans, it's specifically about the student loans from institutions (allegedly) engaging in fraud. Where, by definition, the students were misled and therfore did NOT know exactly what they were getting themselves into.


If only they were educated beforehand.
 
haknudsen
2020-10-21 2:47:18 AM  

bsmz: gameshowhost: Shut up, Politico.  DeVos is simply *lying*.  She doesn't believe a goddamned thing she's pushing - she has a financial interest in pushing what she's pushing, and that's all she cares about.

What is DeVos' financial interest in denying all those claims?


She is heavily invested in for-profit education.  If loans are forgiven eventually there will be fewer loans.
 
Phony_Soldier
2020-10-21 2:52:08 AM  

PerryWinnwet: Phony_Soldier: I don't understand why the loans should be forgiven. People knew what they were getting into.

Except this article isn't about ALL student loans, it's specifically about the student loans from institutions (allegedly) engaging in fraud. Where, by definition, the students were misled and therfore did NOT know exactly what they were getting themselves into.


That's fairy. I see you're point:

She has sought to curtail loan forgiveness for defrauded students - an effort that has enraged her Democratic critics.
 
Underwater Bystander
2020-10-21 2:59:05 AM  

Phony_Soldier: Bandito King: Phony_Soldier: I don't understand why the loans should be forgiven. People knew what they were getting into.

Predatory lending practices exist, smart guy.

As for DeVos, lock her up.

Meh, banks do the same shiat with credit cards and mortgages, not to mention "investment" accounts.


Oh, banks do it? Those moral paragons? Then by all means, let it continue. After all, if we make any attempt to protect anyone from being financially taken advantage of then we're not properly punishing them for being financially vulnerable in the first place. Or something.
 
recombobulator
2020-10-21 3:18:41 AM  

TorpedoOrca: I honestly do not understand how this student loan pyramid scheme is supposed to play out.

Oh, you defaulted on your loan? Well there goes your credit score that was already in the toilet. I'll just sell this off to another debt collection company

Oh, you defaulted on your loan? Well there goes your credit score that was already in the toilet. I'll just sell this off to another debt collection company

Oh, you defaulted on your loan? Well there goes your credit score that was already in the toilet. I'll just sell this off to another debt collection company


Now that your credit score is -720 because of bullshiat you'll only be able to borrow from these lenders, and at predatory rates.  Mission Accomplished.  MAGA.  This is the future they had in mind.

2.bp.blogspot.comView Full Size
 
zepillin [TotalFark] [OhFark]
2020-10-21 3:22:21 AM  

Phony_Soldier: That's fairy. I see you're point:


NSFW

Jhené Aiko - P*$$Y FAIRY (OTW)
Youtube wy2ujCUtCHU
 
Do you know the way to Mordor [TotalFark]
2020-10-21 4:00:53 AM  

Phony_Soldier: Bandito King: Phony_Soldier: I don't understand why the loans should be forgiven. People knew what they were getting into.

Predatory lending practices exist, smart guy.

As for DeVos, lock her up.

I did find this funny:

"Students came together to speak up for themselves and show the court the massive scope of the trauma they have endured at the hands of the Department of Education, and the courts are listening," said Eileen Connor, legal director at Harvard Law School's Project on Predatory Student Lending...

/Trauma???
//Seriously???


Being forcibly evicted from your rented accommodation when you know your lack of money is due to an orchestrated scam IS pretty traumatic.
 
Bandito King [TotalFark] [OhFark]
2020-10-21 4:32:13 AM  

Phony_Soldier: Bandito King: Phony_Soldier: I don't understand why the loans should be forgiven. People knew what they were getting into.

Predatory lending practices exist, smart guy.

As for DeVos, lock her up.

I did find this funny:

"Students came together to speak up for themselves and show the court the massive scope of the trauma they have endured at the hands of the Department of Education, and the courts are listening," said Eileen Connor, legal director at Harvard Law School's Project on Predatory Student Lending...

/Trauma???
//Seriously???


Well the DoE under DeVos has been rolling back protections for rape victims...
 
Bandito King [TotalFark] [OhFark]
2020-10-21 4:40:02 AM  

zepillin: Phony_Soldier: That's fairy. I see you're point:

NSFW

[iFrame https://www.youtube.com/embed/wy2ujCUt​CHU?autoplay=1&widget_referrer=https%3​A%2F%2Fwww.fark.com&start=0&enablejsap​i=1&origin=https%3A%2F%2Fwww.fark.com&​widgetid=1]


What was NSFW about that? You are never allowed to plan a bachelor party.
 
IndyJohn [TotalFark]
2020-10-21 5:08:23 AM  

Phony_Soldier: I don't understand why the loans should be forgiven. People knew what they were getting into.


This program is designed to help people who literally didn't know what they were getting into. The program helps people by forgiving loans when they were defrauded. The schools and programs lied to them to get them to sign up and take loans.

Might help if you actually read the farking article
 
IndyJohn [TotalFark]
2020-10-21 5:13:12 AM  

bsmz: gameshowhost: Shut up, Politico.  DeVos is simply *lying*.  She doesn't believe a goddamned thing she's pushing - she has a financial interest in pushing what she's pushing, and that's all she cares about.

What is DeVos' financial interest in denying all those claims?


At one point, while holding her office, she was invested win at least one debt collection company involved in collecting delinquent student loans. She was supposed to divest herself of that interest. I don't know if that ever happened.

Even if she did do it and is no longer directly invested in the debt collection industry, you can bet she still has friends there.
 
IndyJohn [TotalFark]
2020-10-21 5:18:15 AM  

TorpedoOrca: I honestly do not understand how this student loan pyramid scheme is supposed to play out.

Oh, you defaulted on your loan? Well there goes your credit score that was already in the toilet. I'll just sell this off to another debt collection company

Oh, you defaulted on your loan? Well there goes your credit score that was already in the toilet. I'll just sell this off to another debt collection company

Oh, you defaulted on your loan? Well there goes your credit score that was already in the toilet. I'll just sell this off to another debt collection company


Student loans generally can't be discharged in bankruptcy. This means they can follow you forever into the grave unlike most other debts.

It also means that you can be subjected to ongoing collection activity through the courts. Wage garnishment, and also harassing requirements to appear in court and potential arrest for failure to appear.  The debt collectors don't just sit back passively and sell the debt to the next chump.  They try to collect and can make peoples lives hell while doing so.
 
chitownmike
2020-10-21 5:40:04 AM  

Do you know the way to Mordor: Phony_Soldier: Bandito King: Phony_Soldier: I don't understand why the loans should be forgiven. People knew what they were getting into.

Predatory lending practices exist, smart guy.

As for DeVos, lock her up.

I did find this funny:

"Students came together to speak up for themselves and show the court the massive scope of the trauma they have endured at the hands of the Department of Education, and the courts are listening," said Eileen Connor, legal director at Harvard Law School's Project on Predatory Student Lending...

/Trauma???
//Seriously???

Being forcibly evicted from your rented accommodation when you know your lack of money is due to an orchestrated scam IS pretty traumatic.


Nope, rent is first priority.
 
Phony_Soldier
2020-10-21 5:41:10 AM  

IndyJohn: TorpedoOrca: I honestly do not understand how this student loan pyramid scheme is supposed to play out.

Oh, you defaulted on your loan? Well there goes your credit score that was already in the toilet. I'll just sell this off to another debt collection company

Oh, you defaulted on your loan? Well there goes your credit score that was already in the toilet. I'll just sell this off to another debt collection company

Oh, you defaulted on your loan? Well there goes your credit score that was already in the toilet. I'll just sell this off to another debt collection company

Student loans generally can't be discharged in bankruptcy. This means they can follow you forever into the grave unlike most other debts.

It also means that you can be subjected to ongoing collection activity through the courts. Wage garnishment, and also harassing requirements to appear in court and potential arrest for failure to appear.  The debt collectors don't just sit back passively and sell the debt to the next chump.  They try to collect and can make peoples lives hell while doing so.


I'm actually okay with people being forced to pay for the loans they take out, as opposed to taxpayers bailing them out. If someone was actually conned into taking a loan then that is a different story.
 
The_Homeless_Guy
2020-10-21 5:49:45 AM  

IndyJohn: TorpedoOrca: I honestly do not understand how this student loan pyramid scheme is supposed to play out.

Oh, you defaulted on your loan? Well there goes your credit score that was already in the toilet. I'll just sell this off to another debt collection company

Oh, you defaulted on your loan? Well there goes your credit score that was already in the toilet. I'll just sell this off to another debt collection company

Oh, you defaulted on your loan? Well there goes your credit score that was already in the toilet. I'll just sell this off to another debt collection company

Student loans generally can't be discharged in bankruptcy. This means they can follow you forever into the grave unlike most other debts.

It also means that you can be subjected to ongoing collection activity through the courts. Wage garnishment, and also harassing requirements to appear in court and potential arrest for failure to appear.  The debt collectors don't just sit back passively and sell the debt to the next chump.  They try to collect and can make peoples lives hell while doing so.


Are most of the loans in question federal loans and if so aren't they eligible for PAYE or other repayment plans? I wouldn't think the department of education would have much authority over the completely private. With a repayment plan 10 percent of your income (minus a basic cost of living adjustment so the first few 10's of thousands of income don't count) isn't that bad. Many people pay nothing or a couple hundred bucks a month. The only problem is that, when they forgive your loans after 20 years, the amount forgiven is taxable as income. Owing money to the IRS at the end could be a significant problem. Change that part of the law and you have essentially solved the student loan crisis.
 
IndyJohn [TotalFark]
2020-10-21 5:53:24 AM  

Phony_Soldier: IndyJohn: TorpedoOrca: I honestly do not understand how this student loan pyramid scheme is supposed to play out.

Oh, you defaulted on your loan? Well there goes your credit score that was already in the toilet. I'll just sell this off to another debt collection company

Oh, you defaulted on your loan? Well there goes your credit score that was already in the toilet. I'll just sell this off to another debt collection company

Oh, you defaulted on your loan? Well there goes your credit score that was already in the toilet. I'll just sell this off to another debt collection company

Student loans generally can't be discharged in bankruptcy. This means they can follow you forever into the grave unlike most other debts.

It also means that you can be subjected to ongoing collection activity through the courts. Wage garnishment, and also harassing requirements to appear in court and potential arrest for failure to appear.  The debt collectors don't just sit back passively and sell the debt to the next chump.  They try to collect and can make peoples lives hell while doing so.

I'm actually okay with people being forced to pay for the loans they take out, as opposed to taxpayers bailing them out. If someone was actually conned into taking a loan then that is a different story.


Glad to hear it.  As stated in the article people actually were conned.  And as also discussed in the article, the department of education is turning down relief applications en masse instead of applying the program rules to help the victims.
 
The Reverend Sam Hill [TotalFark] [OhFark]
2020-10-21 5:59:23 AM  

fusillade762: a denial rate of 94 percent

Is that for loan forgiveness or reality?


Yes.
 
IndyJohn [TotalFark]
2020-10-21 6:00:58 AM  

The_Homeless_Guy: IndyJohn: TorpedoOrca: I honestly do not understand how this student loan pyramid scheme is supposed to play out.

Oh, you defaulted on your loan? Well there goes your credit score that was already in the toilet. I'll just sell this off to another debt collection company

Oh, you defaulted on your loan? Well there goes your credit score that was already in the toilet. I'll just sell this off to another debt collection company

Oh, you defaulted on your loan? Well there goes your credit score that was already in the toilet. I'll just sell this off to another debt collection company

Student loans generally can't be discharged in bankruptcy. This means they can follow you forever into the grave unlike most other debts.

It also means that you can be subjected to ongoing collection activity through the courts. Wage garnishment, and also harassing requirements to appear in court and potential arrest for failure to appear.  The debt collectors don't just sit back passively and sell the debt to the next chump.  They try to collect and can make peoples lives hell while doing so.

Are most of the loans in question federal loans and if so aren't they eligible for PAYE or other repayment plans? I wouldn't think the department of education would have much authority over the completely private. With a repayment plan 10 percent of your income (minus a basic cost of living adjustment so the first few 10's of thousands of income don't count) isn't that bad. Many people pay nothing or a couple hundred bucks a month. The only problem is that, when they forgive your loans after 20 years, the amount forgiven is taxable as income. Owing money to the IRS at the end could be a significant problem. Change that part of the law and you have essentially solved the student loan crisis.


There are a number of income-based repayment plans for student loans. However, my understanding is that every single one of them requires you to be current in order to qualify. If you are I behind at all, you can end up falling down a rabbit hole never to get out.

In addition and related, some of the major student loan servicers have been sued because they did not provide proper and adequate information to borrowers about income-based repayment.
 
The_Homeless_Guy
2020-10-21 6:07:01 AM  

IndyJohn: The_Homeless_Guy: IndyJohn: TorpedoOrca: I honestly do not understand how this student loan pyramid scheme is supposed to play out.

Oh, you defaulted on your loan? Well there goes your credit score that was already in the toilet. I'll just sell this off to another debt collection company

Oh, you defaulted on your loan? Well there goes your credit score that was already in the toilet. I'll just sell this off to another debt collection company

Oh, you defaulted on your loan? Well there goes your credit score that was already in the toilet. I'll just sell this off to another debt collection company

Student loans generally can't be discharged in bankruptcy. This means they can follow you forever into the grave unlike most other debts.

It also means that you can be subjected to ongoing collection activity through the courts. Wage garnishment, and also harassing requirements to appear in court and potential arrest for failure to appear.  The debt collectors don't just sit back passively and sell the debt to the next chump.  They try to collect and can make peoples lives hell while doing so.

Are most of the loans in question federal loans and if so aren't they eligible for PAYE or other repayment plans? I wouldn't think the department of education would have much authority over the completely private. With a repayment plan 10 percent of your income (minus a basic cost of living adjustment so the first few 10's of thousands of income don't count) isn't that bad. Many people pay nothing or a couple hundred bucks a month. The only problem is that, when they forgive your loans after 20 years, the amount forgiven is taxable as income. Owing money to the IRS at the end could be a significant problem. Change that part of the law and you have essentially solved the student loan crisis.

There are a number of income-based repayment plans for student loans. However, my understanding is that every single one of them requires you to be current in order to qualify. If you are I behind at all, you can end up falling down a rabbit hole never to get out.

In addition and related, some of the major student loan servicers have been sued because they did not provide proper and adequate information to borrowers about income-based repayment.


You don't have to be current to enroll I was a bit behind as I forgot the paperwork at one point. They literally let anyone. The process is simple too. In most cases they just need either last year's tax return or a months worth of paystubs to calculate your income. I owe close to 400k in loans. I pay 400 bucks a month. I'd like to have that extra money but such is life. I do have a mutual fund account I am placing enough in to cover the eventual tax bill as I am not even covering the interest at this point and will never pay off any of the principle. However I realize that everyone might not be able to save in that manner so again what needs to happen is to just not tax that money at the end.
 
RogueWallEnthusiast [TotalFark] [OhFark]
2020-10-21 6:21:52 AM  

bsmz: gameshowhost: Shut up, Politico.  DeVos is simply *lying*.  She doesn't believe a goddamned thing she's pushing - she has a financial interest in pushing what she's pushing, and that's all she cares about.

What is DeVos' financial interest in denying all those claims?


Forcing them to sell AmWay on the side?  Purchasing their homes for pennies on the dollar when they're insolvent?  Have them forced to work for her brother's mercenary company?
 
IndyJohn [TotalFark]
2020-10-21 6:37:34 AM  

The_Homeless_Guy: IndyJohn: The_Homeless_Guy: IndyJohn: TorpedoOrca: I honestly do not understand how this student loan pyramid scheme is supposed to play out.

Oh, you defaulted on your loan? Well there goes your credit score that was already in the toilet. I'll just sell this off to another debt collection company

Oh, you defaulted on your loan? Well there goes your credit score that was already in the toilet. I'll just sell this off to another debt collection company

Oh, you defaulted on your loan? Well there goes your credit score that was already in the toilet. I'll just sell this off to another debt collection company

Student loans generally can't be discharged in bankruptcy. This means they can follow you forever into the grave unlike most other debts.

It also means that you can be subjected to ongoing collection activity through the courts. Wage garnishment, and also harassing requirements to appear in court and potential arrest for failure to appear.  The debt collectors don't just sit back passively and sell the debt to the next chump.  They try to collect and can make peoples lives hell while doing so.

Are most of the loans in question federal loans and if so aren't they eligible for PAYE or other repayment plans? I wouldn't think the department of education would have much authority over the completely private. With a repayment plan 10 percent of your income (minus a basic cost of living adjustment so the first few 10's of thousands of income don't count) isn't that bad. Many people pay nothing or a couple hundred bucks a month. The only problem is that, when they forgive your loans after 20 years, the amount forgiven is taxable as income. Owing money to the IRS at the end could be a significant problem. Change that part of the law and you have essentially solved the student loan crisis.

There are a number of income-based repayment plans for student loans. However, my understanding is that every single one of them requires you to be current in order to qualify. If you are I behind at all, you can end up falling down a rabbit hole never to get out.

In addition and related, some of the major student loan servicers have been sued because they did not provide proper and adequate information to borrowers about income-based repayment.

You don't have to be current to enroll I was a bit behind as I forgot the paperwork at one point. They literally let anyone. The process is simple too. In most cases they just need either last year's tax return or a months worth of paystubs to calculate your income. I owe close to 400k in loans. I pay 400 bucks a month. I'd like to have that extra money but such is life. I do have a mutual fund account I am placing enough in to cover the eventual tax bill as I am not even covering the interest at this point and will never pay off any of the principle. However I realize that everyone might not be able to save in that manner so again what needs to happen is to just not tax that money at the end.


According to the federal government, you aren't eligible for income-based repayment if you're in default. Not sure why you slipped through, but I'm glad you did.

https://studentaid.gov/manage-loans/r​e​payment/plans/income-driven/questions
 
Tyrone Slothrop
2020-10-21 6:45:05 AM  

RogueWallEnthusiast: bsmz: gameshowhost: Shut up, Politico.  DeVos is simply *lying*.  She doesn't believe a goddamned thing she's pushing - she has a financial interest in pushing what she's pushing, and that's all she cares about.

What is DeVos' financial interest in denying all those claims?

Forcing them to sell AmWay on the side?  Purchasing their homes for pennies on the dollar when they're insolvent?  Have them forced to work for her brother's mercenary company?


Getting kickbacks from the loan companies.
 
Langdon_777 [TotalFark]
2020-10-21 7:01:26 AM  
LOL oh I luv it - "disturbingly Kafkaesques"- you just know that DeVos had no farking idea what that meant.  I hate DeVos, I would like to see her in jail next year, but all the evil she has done is probably legal.
 
orbister
2020-10-21 7:06:52 AM  

Phony_Soldier: /Trauma???
//Seriously???


Millennial-speak for upset. Cf "anxiety" which is millennial-speak for "worry".
 
IndyJohn [TotalFark]
2020-10-21 7:09:32 AM  

orbister: Phony_Soldier: /Trauma???
//Seriously???

Millennial-speak for upset. Cf "anxiety" which is millennial-speak for "worry".


Your post:

Asshole speak for "I lack empathy and am a human shi ... Er ... I'm a Republican"
 
Northern
2020-10-21 7:13:45 AM  

Langdon_777: LOL oh I luv it - "disturbingly Kafkaesques"- you just know that DeVos had no farking idea what that meant.  I hate DeVos, I would like to see her in jail next year, but all the evil she has done is probably legal.


It's corruption since she has invested in a student loan company.
Or maybe we should embrace crony capitalism and naked corruption.
Why not defund the police and have them funded only by the funds from fines, fees, and civil asset forfeiture?  Or politicians only get paid by developers and other businesses directly?
Or how about for profit prisons, health care, and public schools. Wait, already did that...
 
durbnpoisn [TotalFark]
2020-10-21 7:19:53 AM  

Bandito King: Phony_Soldier: I don't understand why the loans should be forgiven. People knew what they were getting into.

Predatory lending practices exist, smart guy.



That is what I was going to say.

Furthermore...  The schools charge outrageous amounts of money for things knowing that loans will pay for it all.  And if you want to continue in school, you had damned well come up with a way to pay.

If the Fed were serious about helping kids with education, these loans, at the very least, would be interest free.  There is no reason that the Fed needs to be making a profit off of a shiatload of kids not being able to afford college.
 
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