Publicly Humiliate Non-Paying Debtors!

[HereWeGo]

I agree with you as well, patient. Defaulters are defaulters, perhaps with the exception of those who are driven to BK by medical bills or the like.

Too many Americans are defaulting on student loans, credit cards, auto loans, and of course mortgages. Perhaps they think they’re sticking it to “the man.” I wonder if they’ll still think that once their standard of living crashes.

The thing that’s really unfortunate is that everyone is being dragged down into the profligates’ abyss.

[patientrenter]

[quote=HereWeGo]I agree with you as well, patient. Defaulters are defaulters, perhaps with the exception of those who are driven to BK by medical bills or the like.

Too many Americans are defaulting on student loans, credit cards, auto loans, and of course mortgages. Perhaps they think they’re sticking it to “the man.” I wonder if they’ll still think that once their standard of living crashes.

The thing that’s really unfortunate is that everyone is being dragged down into the profligates’ abyss.[/quote]

We’ll drink to that, HWG.

[patientrenter]

[quote=HereWeGo]I agree with you as well, patient. Defaulters are defaulters, perhaps with the exception of those who are driven to BK by medical bills or the like.

Too many Americans are defaulting on student loans, credit cards, auto loans, and of course mortgages. Perhaps they think they’re sticking it to “the man.” I wonder if they’ll still think that once their standard of living crashes.

The thing that’s really unfortunate is that everyone is being dragged down into the profligates’ abyss.[/quote]

We’ll drink to that, HWG.

[patientrenter]

[quote=HereWeGo]I agree with you as well, patient. Defaulters are defaulters, perhaps with the exception of those who are driven to BK by medical bills or the like.

Too many Americans are defaulting on student loans, credit cards, auto loans, and of course mortgages. Perhaps they think they’re sticking it to “the man.” I wonder if they’ll still think that once their standard of living crashes.

The thing that’s really unfortunate is that everyone is being dragged down into the profligates’ abyss.[/quote]

We’ll drink to that, HWG.

[patientrenter]

[quote=HereWeGo]I agree with you as well, patient. Defaulters are defaulters, perhaps with the exception of those who are driven to BK by medical bills or the like.

Too many Americans are defaulting on student loans, credit cards, auto loans, and of course mortgages. Perhaps they think they’re sticking it to “the man.” I wonder if they’ll still think that once their standard of living crashes.

The thing that’s really unfortunate is that everyone is being dragged down into the profligates’ abyss.[/quote]

We’ll drink to that, HWG.

[patientrenter]

[quote=HereWeGo]I agree with you as well, patient. Defaulters are defaulters, perhaps with the exception of those who are driven to BK by medical bills or the like.

Too many Americans are defaulting on student loans, credit cards, auto loans, and of course mortgages. Perhaps they think they’re sticking it to “the man.” I wonder if they’ll still think that once their standard of living crashes.

The thing that’s really unfortunate is that everyone is being dragged down into the profligates’ abyss.[/quote]

We’ll drink to that, HWG.

[michael]

arraya, thanks for the Gold Star – much appreciated. I give you a platinum star. I’m afraid that based on your comments, you feel the sense of superiority.

I believe people are capable of making their own decisions. You see people as being easily tricked – nice way of saying people are stupid and you’re the smart one.

I think all people are plenty capable and I don’t feel any superiority. I’ve made mistakes, sure. I paid the price, absolutely. Why wouldn’t I expect the same of others.

Enslavement is a powerful word. I’m fairly certain that some would object to the comparison of those who owe money to the hardship experienced by actual slaves.

[michael]

arraya, thanks for the Gold Star – much appreciated. I give you a platinum star. I’m afraid that based on your comments, you feel the sense of superiority.

I believe people are capable of making their own decisions. You see people as being easily tricked – nice way of saying people are stupid and you’re the smart one.

I think all people are plenty capable and I don’t feel any superiority. I’ve made mistakes, sure. I paid the price, absolutely. Why wouldn’t I expect the same of others.

Enslavement is a powerful word. I’m fairly certain that some would object to the comparison of those who owe money to the hardship experienced by actual slaves.

[michael]

arraya, thanks for the Gold Star – much appreciated. I give you a platinum star. I’m afraid that based on your comments, you feel the sense of superiority.

I believe people are capable of making their own decisions. You see people as being easily tricked – nice way of saying people are stupid and you’re the smart one.

I think all people are plenty capable and I don’t feel any superiority. I’ve made mistakes, sure. I paid the price, absolutely. Why wouldn’t I expect the same of others.

Enslavement is a powerful word. I’m fairly certain that some would object to the comparison of those who owe money to the hardship experienced by actual slaves.

[michael]

arraya, thanks for the Gold Star – much appreciated. I give you a platinum star. I’m afraid that based on your comments, you feel the sense of superiority.

I believe people are capable of making their own decisions. You see people as being easily tricked – nice way of saying people are stupid and you’re the smart one.

I think all people are plenty capable and I don’t feel any superiority. I’ve made mistakes, sure. I paid the price, absolutely. Why wouldn’t I expect the same of others.

Enslavement is a powerful word. I’m fairly certain that some would object to the comparison of those who owe money to the hardship experienced by actual slaves.

[michael]

arraya, thanks for the Gold Star – much appreciated. I give you a platinum star. I’m afraid that based on your comments, you feel the sense of superiority.

I believe people are capable of making their own decisions. You see people as being easily tricked – nice way of saying people are stupid and you’re the smart one.

I think all people are plenty capable and I don’t feel any superiority. I’ve made mistakes, sure. I paid the price, absolutely. Why wouldn’t I expect the same of others.

Enslavement is a powerful word. I’m fairly certain that some would object to the comparison of those who owe money to the hardship experienced by actual slaves.

[scaredyclassic]

student loans. I’ve almost paid mine off after 15 painful years. but today, people are graduating med school, law school with 200-250k plus in loans. it’s tough to make a go of it for some. it could turn out to be a bad bet. what if tuition kept going up as everything deflated? What if people got out of school routinely with a million in debt? at some point, wouldn’t it just be rational to say fine, I’ll get the degree, society tells me i need it to get ahead, i know i’ll never be able to pay off the loan,I’ll default, then you can garnish my salary. there’s only so much they can take, 25% or so. if your monthly payment is $5,000 a month and you take home $5,000 a month, it’s not possible you can pay your loan. yeah, you took the debt on willingly, but doesn’t society have some obligation to have tuition vaguely match up with the economic value of the degree? or at least be forbidden from putting out any propaganda that the degree is worth something and is not a liability? should there be a disclaimer or warning on your tuition statement, something like “WARNING: this debt you are incurring is toxic. it is unlikely you will ever be able to pay it back based on current salaries.” Maybe this is where it’s all gone to. the debts become crazy, speculative, bear no relation to reality…and that makes people say what the heck, why not…

[scaredyclassic]

student loans. I’ve almost paid mine off after 15 painful years. but today, people are graduating med school, law school with 200-250k plus in loans. it’s tough to make a go of it for some. it could turn out to be a bad bet. what if tuition kept going up as everything deflated? What if people got out of school routinely with a million in debt? at some point, wouldn’t it just be rational to say fine, I’ll get the degree, society tells me i need it to get ahead, i know i’ll never be able to pay off the loan,I’ll default, then you can garnish my salary. there’s only so much they can take, 25% or so. if your monthly payment is $5,000 a month and you take home $5,000 a month, it’s not possible you can pay your loan. yeah, you took the debt on willingly, but doesn’t society have some obligation to have tuition vaguely match up with the economic value of the degree? or at least be forbidden from putting out any propaganda that the degree is worth something and is not a liability? should there be a disclaimer or warning on your tuition statement, something like “WARNING: this debt you are incurring is toxic. it is unlikely you will ever be able to pay it back based on current salaries.” Maybe this is where it’s all gone to. the debts become crazy, speculative, bear no relation to reality…and that makes people say what the heck, why not…

[scaredyclassic]

student loans. I’ve almost paid mine off after 15 painful years. but today, people are graduating med school, law school with 200-250k plus in loans. it’s tough to make a go of it for some. it could turn out to be a bad bet. what if tuition kept going up as everything deflated? What if people got out of school routinely with a million in debt? at some point, wouldn’t it just be rational to say fine, I’ll get the degree, society tells me i need it to get ahead, i know i’ll never be able to pay off the loan,I’ll default, then you can garnish my salary. there’s only so much they can take, 25% or so. if your monthly payment is $5,000 a month and you take home $5,000 a month, it’s not possible you can pay your loan. yeah, you took the debt on willingly, but doesn’t society have some obligation to have tuition vaguely match up with the economic value of the degree? or at least be forbidden from putting out any propaganda that the degree is worth something and is not a liability? should there be a disclaimer or warning on your tuition statement, something like “WARNING: this debt you are incurring is toxic. it is unlikely you will ever be able to pay it back based on current salaries.” Maybe this is where it’s all gone to. the debts become crazy, speculative, bear no relation to reality…and that makes people say what the heck, why not…

[scaredyclassic]

student loans. I’ve almost paid mine off after 15 painful years. but today, people are graduating med school, law school with 200-250k plus in loans. it’s tough to make a go of it for some. it could turn out to be a bad bet. what if tuition kept going up as everything deflated? What if people got out of school routinely with a million in debt? at some point, wouldn’t it just be rational to say fine, I’ll get the degree, society tells me i need it to get ahead, i know i’ll never be able to pay off the loan,I’ll default, then you can garnish my salary. there’s only so much they can take, 25% or so. if your monthly payment is $5,000 a month and you take home $5,000 a month, it’s not possible you can pay your loan. yeah, you took the debt on willingly, but doesn’t society have some obligation to have tuition vaguely match up with the economic value of the degree? or at least be forbidden from putting out any propaganda that the degree is worth something and is not a liability? should there be a disclaimer or warning on your tuition statement, something like “WARNING: this debt you are incurring is toxic. it is unlikely you will ever be able to pay it back based on current salaries.” Maybe this is where it’s all gone to. the debts become crazy, speculative, bear no relation to reality…and that makes people say what the heck, why not…

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