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The 'Democratization of Credit' Is Over -- Now It's Payback Time
WSJ ^
| 10/10/09
| S. MITRA KALITA
Posted on 10/10/2009 3:21:06 AM PDT by TigerLikesRooster
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To: TigerLikesRooster
Her biggest chunk of debt, $26,000, stems from student loans to pay for her two-year associate's degree from a community college -- loans now in the hands of collectors. $26,000 to pay for an AA from a community college??
41
posted on
10/10/2009 7:58:16 AM PDT
by
truthkeeper
("Why oh why didn't I take the blue pill?")
To: FreedomPoster
Kind of like ACORN is to democracy as people with no money is to bankster credit.
To: truthkeeper
People are idiots. And you generally can’t discharge student loan debt in a bankruptcy. It’s the new indentured servitude.
43
posted on
10/10/2009 11:01:23 AM PDT
by
FreedomPoster
(No Representation without Taxation!)
To: TigerLikesRooster
My emphasis:
"The rise I see now is in food stamps, even from teenagers," Mr. Mustafa said. What's wrong with this picture?
44
posted on
10/10/2009 11:01:50 AM PDT
by
Oatka
("A society of sheep must in time beget a government of wolves." –Bertrand de Jouvenel)
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