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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: kathtoo who wrote (81538)	5/7/2007 1:04:14 PM
From: Tommaso	Respond to of 110194

>>>I agree with you in regards to universities charging more and more tuition. It's out of hand (and if its not tuition, then they're getting it on housing).<< At state universities it is "fees." The state universiities are supposed to provide education at low tuition rates to state citizens, but all sorts of things can be added on to maintain athletic faciltites, pay for student unions, add computer centers, and so on--and there are cadres of nonacademic managers of the "business" of the nonprofits who beenfit from continual expansion of these "facilities" and collection of fees.

To: kathtoo who wrote (81538)	5/7/2007 2:56:48 PM
From: Oblomov	Read Replies (1) \| Respond to of 110194

>>People that are bad credit risks shouldn't be granted credit. My point is, they will get credit whether a legitimate channel exists or not. The consequences are quite negative if a legitimate channel is closed by the careless bureaucrats who want to "protect" them- out of desperation, they will subject themselves and their families to the risk of bodily harm to get a loan at truly unfavorable terms. The provision of credit should be a matter of free choice on the part of the lender, not a matter for the government to decide. Not everyone with poor credit remains a bad credit risk. Those lenders willing to give a high risk borrower a chance should be compensated for their risk. A 34% APR is better than that offered by a bookie, loan shark, pawn shop, or similarly seedy enterprise. Sad to say, but the curricula for our schools should include financial education. Apparently, we can no longer count on parents to pass on basic knowledge in how to get on...