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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (667759)	8/17/2012 1:41:45 PM
From: Tenchusatsu	Respond to of 1583520

Inode, It is really difficult for me to understand how a bank that solicits college students with $10,000 of unsecured, "signature" credit, should be given the right to hold them to that liability for their entire lives. It gutted the bankruptcy code as far as individuals are concerned. One of the things I think GWB signed into law that was absolutely wrong. My view is that there is an unholy alliance building between government, higher education, and the banks. It's billed on the notion that more kids should have more access to more colleges. But because of this access to cheap financing, colleges will just continue raising tuition rates much faster than inflation. Eventually the cost of higher education will be so great, everyone except the kids of the "richest 1%" will have to take out college loans. The two corrective measures against this trend, namely less people going to college and colleges trying to cut costs, are practically unmentionable in the American discourse today. Tenchusatsu