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To: SeekAndFind
Loan crisis??....Just another excuse for all loans becoming government loans.

Health insurance....same thing.

Energy....same thing.

7 posted on 09/30/2012 10:43:04 AM PDT by Sacajaweau
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To: Sacajaweau

“Loan crisis??....Just another excuse for all loans becoming government loans.”

Exactly. Obama already took over the writing and administration of student loans, eliminating the banks. By defining student loans as a crisis, Obama’s administration will be able to determine who gets loans and who doesn’t. And who doesn’t have to pay back their student loans, and thereby get a free college education courtesy of the taxpayers. And who gets admitted to any college in the first place. What liberal courses must be taught to every student at college so they receive their full indoctrination and a little red book. etc.

Meanwhile the mostly liberal professors get to receive increasingly high salaries for teaching just one or no classes each year, using nothing but TA’s attending college with a free ride from a free student loan. Did I mention free Obama phones?


12 posted on 09/30/2012 11:01:25 AM PDT by Avid Coug
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To: Sacajaweau; Avid Coug
Before you call bs on the crisis you should examine the the type of articles the author is referring to. It may not turn into a crisis bad but the tax payers are on the hook for this.

http://www.zerohedge.com/news/2012-09-28/next-subprime-crisis-here-over-120-billion-federal-student-loans-default

16 posted on 09/30/2012 11:22:23 AM PDT by Roland
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