This is all about repo. They’re overnight loans that are repaid the next morning. Banks are required to have a set amount of reserves. The fed is giving banks time to make sure they have excess reserves. They’re not saving the banks, they’re saving those that need funding. This is not an injection. The money gets paid back the next morning from cash inflows throughout the day.
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They are still saving businesses that aren’t performing well. The banks should have enough in their accounts to cover whatever they’re lending. If the American people are lending this money then we better be getting it back at payday loan interest.
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In the United States as well as the rest of the western world politicians are the servants of plutocrats rather than the people.
The interest is actually taken out of our hides (savings, investments) through inflation.
The solution is pretty simple, a growing economy and wages that allow them to pay their own debts just like the rest of us had to.
Pay for your own damn college. You took the loan. I paid for my wife’s, daughter’s and now mine. As to injecting money into the market … HOW… we’re broke. We need to knock that crap off too.
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We could stop allowing them so the colleges would have to get back to a model that people can afford.
Oh - like back when college tuition could be paid for with a part-time job or by working full-time over the summer?
Golly gee, those were the days!
I worked my way through college and it then took me 12 years to pay off my loans.
Did it cost you between 25k and 45k a year? That’s the average cost in the United States in 2019.
Ever wonder why that is? Could it be due to the fact that giving cheap loans has increased demand and the price of college? Naw, couldn’t be supply and demand…
Yes. Supply and demand. That must be it. Boomers did nothing but vilify blue collar work and essentially mandated that their kids all go to college (not every boomer - the majority). Those same boomers really love their stock portfolios and especially investing in the financial sector that issues all of these loans. They really love investing in for profit colleges that are publicly traded. Colleges cost as much as they do because boomers can make a buck off it. Fuck the next generation, right?
Also - since you clearly have the answer to this…explain endowments. UVA (a state school) has a larger endowment than Virginia’s GDP.
Sounds a lot like crying. I don’t have a degree and I’m doing fine. This idea that you need a degree and it doesn’t matter what it’s in is just nonsense.
Sounds like you’re unwilling to engage in a meaningful debate on the subject.
The fact is you claim supply and demand is the reason for the absurdly high tuition rates that go higher year after year.
I argued that is not the case and gave reasons why. If you think supply and demand is the cause for high tuition rates maybe you can back it up a little bit?
Making me pay for your damn college isn’t a debate.
Oh, so I’m just supposed to let the previous generation, who currently controls everything, price gouge me to death? Fuck that.
FYI, I’m doing drive by responses right now because I’m between meetings but I’ll get into more detail later … you’re still not going to like it.
Don’t go to college.
That would be a great option if all these boomer controlled companies didn’t require a college degree and at least two unpaid internships to perform work at low wages that actually doesn’t require a degree.