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Occupy movement- remember them??

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Comments

  • Registered Users, Registered Users 2 Posts: 20,397 ✭✭✭✭FreudianSlippers


    20Cent wrote: »
    Not a misrepresentation at all the institution was selected for that very reason to highlight the for profit education sector.
    A lot of the student debt is guaranteed by the government so won't make it to the secondary market. Student debt is being discussed all over the US it is the subject of upcoming bills

    Federal student loans are but AFAIK you correctly need to be enrolled in a valid state school


  • Closed Accounts Posts: 39,019 ✭✭✭✭Permabear


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  • Registered Users, Registered Users 2 Posts: 8,940 ✭✭✭20Cent


    Permabear wrote: »
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    Totally agree
    Permabear wrote: »
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    I think that knowing the debt collector calling you has paid a few cents on the dollar for the debt they want paid back in full gives the person a little leverage to negotiate. Like the 1% do with their debt.
    Permabear wrote: »
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    Agree it is a treated as a commodity arguing that it should not be. An educated population benefits everyone and higher education should not just be the preserve of the rich.
    Permabear wrote: »
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    How do you think these reforms will come about? Corporations are going to do it on their own or will it come from public pressure.
    Permabear wrote: »
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    Because of billions spent lobbying etc to halt reform. If the public put enough pressure on governments to ignore the lobbying then something can happen. Left to their own devices the polluting industries will destroy the planet for all of us.


  • Registered Users, Registered Users 2 Posts: 8,940 ✭✭✭20Cent


    Permabear wrote: »
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    Exactly. you ok with that?


  • Closed Accounts Posts: 39,019 ✭✭✭✭Permabear


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  • Closed Accounts Posts: 2,499 ✭✭✭porsche959


    Permabear wrote: »
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    To be fair, I wouldn't necessarily put the Occupy movement in the same box as the climate change protestors. The occupy movement included plenty of genuine working class people. The climate change protestors are middle class trust fund types calling for taxes which would impact working class people disproportionately.


  • Registered Users, Registered Users 2 Posts: 8,940 ✭✭✭20Cent


    Permabear wrote: »
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    Thats not the only option how about low interest loans payable when the person makes a certain amount per year. People starting their careers in massive debt which increases dramatically benefits no one except the financial industry selling these products.
    Permabear wrote: »
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    No a mixture of both works well I think.
    Permabear wrote: »
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    Don't trust politicians to regulate everything in the public interest. Leaving everything in the hands of private corporations whose only aim is to maximise profit isn't an option either. Its up to the public to put pressure on politicians to do the right thing. I would be interested in hearing the libertarian solution to climate change but won't be holding my breath. Everyone is well aware of the issues you are pointing out.
    Permabear wrote: »
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    China is a good example of what happens when profit is the only motive cities covered in smog and horrendous pollution. Don't think anyone wants that in the west


  • Closed Accounts Posts: 39,019 ✭✭✭✭Permabear


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  • Registered Users, Registered Users 2 Posts: 8,940 ✭✭✭20Cent


    Permabear wrote: »
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    So no description of the alternatives or libertarian solutions to student debt or climate change just more of pointing out the obvious flaws in the system that is in place.


  • Closed Accounts Posts: 39,019 ✭✭✭✭Permabear


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  • Registered Users, Registered Users 2 Posts: 8,940 ✭✭✭20Cent


    Permabear wrote: »
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    When criticising something one usually offers alternatives which would be better solutions. That requires better solutions though. Hurlers on the ditch etc


  • Closed Accounts Posts: 39,019 ✭✭✭✭Permabear


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  • Registered Users, Registered Users 2 Posts: 8,940 ✭✭✭20Cent


    Permabear wrote: »
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    Thought that was done pages ago and had moved on my mistake.


  • Registered Users, Registered Users 2 Posts: 17,797 ✭✭✭✭hatrickpatrick


    Permabear wrote: »
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    So you accept that corruption on Wall St is an established fact, and that the only debate is on the extent of that.
    If you accept that, then do you also accept that the complete lack of action on this by the authorities and government is an absolute disgrace and evidence of either incompetence, negligence, or collusion?
    Public pressure for action has been going on for years. And yet governments have dragged their feet on reforms. Why do you think that is?

    As I said above, it seems to me that there are three options to choose from: Incompetence, negligence, or collusion.

    I would very much like to believe that collusion is unlikely, although my instinct tells me that the close ties between money and politics make it likely enough. This graphic is particularly interesting:

    tumblr_lvdu6kBidn1r4d28vo1_1280.jpg
    FannieMaeVenn.001-geke.jpg

    Given that this chart deals with only two Wall St firms, I shudder to think what a wider investigation would reveal.
    I would like to apply Hanlon's Razor to the global economic crisis - "Never attribute to malice that which can be easily explained by stupidity" - but it is rather difficult to do so.


  • Closed Accounts Posts: 39,019 ✭✭✭✭Permabear


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  • Registered Users, Registered Users 2 Posts: 17,797 ✭✭✭✭hatrickpatrick


    Permabear wrote: »
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    Agreed 100%.
    Does this alleged "complete lack of action" explain why financial institutions are paying billions in fines?

    And yet there have been no prosecutions whatsoever of specific individuals, and no moves to criminalize corrupt behavior which has been found to exist within legal loopholes.
    Of course. I've been saying this for years -- the idea that we have evil financiers on Wall Street regulated by the noble do-gooders in government is a laughable myth.

    ...Are there really people who believe that in the first place? I've always argued that in terms of the government-banking axis, those on both sides are as bad as the other.


  • Closed Accounts Posts: 39,019 ✭✭✭✭Permabear


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