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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (9290)	5/3/2008 11:48:18 AM
From: Lazarus_Long	Read Replies (1) \| Respond to of 33421

Is he Fed going to pay my car repair bill too? I need the car to get to work. Is there anything anyone does that does not have some amount of public interest involved? If a drunk feels happier after a few shots of whiskey and doesn't put a few shots of cold hard steel into someone else as a result, isn't the public interest involved? Or should his own health interests and avoiding a liver transplant at public expense take precedence? Where DOES the line get drawn here? Where Ted Kennedy or Christopher Dodd say it should?

To: John Pitera who wrote (9290)	5/3/2008 12:06:25 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 33421

Lawmakers and the student loan industry have been pressing for such action by the central bank for weeks, as distress in the credit markets has caused more than 60 lenders to stop making federally guaranteed student loans, either temporarily or permanently. Hmm.. While I'm not in favor of accepting credit card debt by the Fed, I rethought my opinion on student loans (having received them myself in college). Student Loans are an investment in the labor force of our citizenry and they should be available. It's a smart long-term program that reaps greater returns decades later and it relatively "self-funding" (since college educated people make more money and pay more taxes). But it's clear that banks are redeploying their capital assets to areas where they have some relative safety of collateral. Hawk