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Baker Street Bear's avatar

I wrote a 28-page paper on the history of bankruptcy law for my capstone (or whatever); the fact student loans are nondischargeable in bankruptcy, which goes against the entire purpose and history of bankruptcy law, reveals that the scam is also some gross weapon to cripple the 18 year olds who sign away their future.

One of the worst parts is listening to "Christians" and "conservatives" responding with "Kids these days, don't understand responsibility and paying back their loans!"

Ok. So, let me get this straight: the government tells the banks, "We got you, we'll back these loans---give a loan to every child that wants one...Noooo, not for a house! For education!" And the banks do it. And the universities see the free money and tuition launches to absurd heights ($80,000 a year? x 4? For a fucking bachelor's degree?), then the laws change, making this life-altering decision nondischargeable, and parents and the schools groomed these kids since they were six years old about some bullshit about "having an education to fall back on..."

And you want to withhold any sort of amnesty for these now-adults? No year of jubilee, eh? No one else should be held accountable for duping kids into signing away their future for basically nothing? When the loans are all insured anyway?

Drooling morons. Disenfranchise an entire generation, remove any hope to ever own a house, which lowers the prospects of having a family, and then blame them on top of it because of a decision they made when they were 18....

Let's see how well that works out.

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pdwalker's avatar

hoe_math on youtube breaks it down very nicely on how most men become completely invisible to the products of Factory 304.

if I were a conspiracy theorist, I'd say it was engineered to make a divide between men and women so that the women were all bitter, clapped out old spinsters and the men angry at the lack of marriageable women just to destroy the western family.

but that's crazy talk.

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