P
Priceless
Guest
Re: Obama 10: Rahm it through.....even in the shower.
Of Representatives.
The white one?
Of Representatives.
The white one?
Yes, I knew what you meant. Sure why they hell not. Done a great job the past 30-40 years.Of Representatives.
Yes, I knew what you meant. Sure why they hell not. Done a great job the past 30-40 years.
If only it was true.
It looks like instead of saving $68 billion, the government takeover of the student loan program may actually increase the deficit by $52 billion. This according to the CBO.
http://www.cnsnews.com/news/article/63560
Robert Gibbs said:Looking at jobs numbers...in first 3 months of '09 averaged 753,000 jobs lost - first 3 months of this year, average of 54,000 jobs created
That sucks.
It looks like instead of saving $68 billion, the government takeover of the student loan program may actually increase the deficit by $52 billion. This according to the CBO.
http://www.cnsnews.com/news/article/63560
It looks like instead of saving $68 billion, the government takeover of the student loan program may actually increase the deficit by $52 billion. This according to the CBO.
http://www.cnsnews.com/news/article/63560
Prosecutors say Yould -- also known as Rachel Hall, her birth name -- took advantage of low-cost student loans and private student loan lenders. They say that between 2003 and 2006 while she lived in Japan, she falsified documents to borrow $680,000 beyond what she was entitled to.
They are using "fair value" method.
I'm not sure if this is the correct method but something needs to be done. It's much smaller but it's following the fannie/freddie model of guaranteeing the loans (privatize profits/ socialize risk).
Maybe the prudent method would be having a reasonable maximum loan instead of any amount. or ridiculous amount that we already have like in our house loans of $450k and $720k.
And far as I can tell the lenders make money in every scenario. so they are lending to everyone without income verification ... liar loans, etc...
Maybe gov contractors will do a better job in eliminating fraud like this? .
http://www.adn.com/2010/03/30/1205618/yould-plans-guilty-plea-in-loan.html
They are using "fair value" method.
I'm not sure if this is the correct method but something needs to be done. It's much smaller but it's following the fannie/freddie model of guaranteeing the loans (privatize profits/ socialize risk).
Maybe the prudent method would be having a reasonable maximum loan instead of any amount. or ridiculous amount that we already have like in our house loans of $450k and $720k.
And far as I can tell the lenders make money in every scenario. so they are lending to everyone without income verification ... liar loans, etc...
Maybe gov contractors will do a better job in eliminating fraud like this? .
http://www.adn.com/2010/03/30/1205618/yould-plans-guilty-plea-in-loan.html
Obama seems to be mathematically challenged at times. Doesn't the look on his face at the end of this video remind you of Bush in some of his public gaffes?
http://www.youtube.com/watch?v=H_vu...eAU&feature=rec-LGOUT-exp_stronger_r2-2r-1-HM
What's frightening is the fact that the audience actually cheered him after those comments. Talk about the dumb masses.
remind you of Bush in some of his public gaffes?
.
guy who flew into an IRS building... complained about the evils of capitalism
guy who shot the pentagon up... democrat, IIRC
militia member arrested last week... democrat
democrats.... doing the hostile insane **** that republicans won't do.
in the previous setting the lender making the loan was also servicing the loan and had to meet thresholds for fraud and losses...they also spent the money to service the loan and fraud and losses mean more phone calls, more admin work etc. So they were incented to keep those occurences to a minimum. Now, a government organization will underwrite the loan, a third party will service and another will collect on delinquent loans...anybody with lending experience will tell you that is a recipe for rampant fraud and losses...take the over on both those numbers...they better order more red toner cartridges in DC
guy who flew into an IRS building... complained about the evils of capitalism
guy who shot the pentagon up... democrat, IIRC
militia member arrested last week... democrat
democrats.... doing the hostile insane **** that republicans won't do.