reply to post by THE_PROFESSIONAL
If you have $300,000 debt in school "loans" you must have had some decent credit at some point. if you have
a co-signer, then don't show them your post about not caring about your credit.
Greece wipes out Citizens Debt!! Tells Bankers to suck it, page 3
privacy
reply posted on 31-1-2012 @ 03:01 PM by Asktheanimals
reply to post by PurpleDog UK
It wasn't the fault of the Greek people that created the debt - it was backroom deals between bankers and Greek politicians (namely Goldman Sachs)
They're on the horns of a dilemma here - if they write off the debt the first thing to happen will be a terrible devaluation of Greek currency. This will make imports insanely expensive and can only result in even more instability if they cannot acquire new loans.
It wasn't the fault of the Greek people that created the debt - it was backroom deals between bankers and Greek politicians (namely Goldman Sachs)
They're on the horns of a dilemma here - if they write off the debt the first thing to happen will be a terrible devaluation of Greek currency. This will make imports insanely expensive and can only result in even more instability if they cannot acquire new loans.
reply posted on 31-1-2012 @ 03:21 PM by nightbringr
Originally posted by Asktheanimals
reply to post by PurpleDog UK
It wasn't the fault of the Greek people that created the debt - it was backroom deals between bankers and Greek politicians (namely Goldman Sachs)
Agreed, but it was still the Greeks politicians who got them in this mess. I would love to see your information on how these so called backroom deals got them here. To me it appears to be simple government overspending. That is somthing the citizens of Greece must prevent the government from doing. Here in my country i belong to a lobby group that pressures the government to start posting balanced budgets.
Greece released their non-cooked information to the EU after it was discovered their cooked their books in order to get into the EU in the first place. This new information showed massive fiscal mismanagement. A whole 1 in 5 Greece employed by the government, welfare given freely and easily, undermining the motivation required to work. They insist on hanging onto money sinks such as the Greek national railway. This railway is bleeding money left, right and center, yet the government turn down offers to sell it.
Originally posted by Asktheanimals
They're on the horns of a dilemma here - if they write off the debt the first thing to happen will be a terrible devaluation of Greek currency. This will make imports insanely expensive and can only result in even more instability if they cannot acquire new loans.
Which is exactly why they MUST follow through with austerity. There is simply no other way out for a debt plagued, import based economy with a massive trade deficit.
edit on 31-1-2012 by nightbringr because: (no reason given)
reply posted on 31-1-2012 @ 05:54 PM by micmerci
reply to post by mcdgray129
I share your sentiments exactly. The problem is that people do not show anyone any mercy or empathize with them. The prevailing opinion is that if these people fell into financial trouble, it is entirely their own fault. That opinion assumes many things...among them that these people were afforded the same level of education, the same opportunities, etc. It also assumes that these people are just spending willy nilly with absolutely no regard for repayment. I am certain this is the case at times but I am equally certain that it is mostly people who are victims of predatory lending practices.
So often on this site I see comments about how they do not like religion because it is so full of hate and hypocrites. That true religion is about love. Then I see comments like the ones here full of anger and lack of sympathy. We should love all and empathize with all- not only those that are just as smart or responsible as we.
I share your sentiments exactly. The problem is that people do not show anyone any mercy or empathize with them. The prevailing opinion is that if these people fell into financial trouble, it is entirely their own fault. That opinion assumes many things...among them that these people were afforded the same level of education, the same opportunities, etc. It also assumes that these people are just spending willy nilly with absolutely no regard for repayment. I am certain this is the case at times but I am equally certain that it is mostly people who are victims of predatory lending practices.
So often on this site I see comments about how they do not like religion because it is so full of hate and hypocrites. That true religion is about love. Then I see comments like the ones here full of anger and lack of sympathy. We should love all and empathize with all- not only those that are just as smart or responsible as we.
reply posted on 31-1-2012 @ 05:57 PM by randomname
reply to post by Nite_wing
you don't owe them jack sh-t. what you owe is your mortgage, credit card, phone, cable etc.
what they do with your taxes and what they do in your name is their responsibility.
it's all an embezzlement scheme. politicians and their lobbyists get rich, and then tell you that you're in debt.
it's all fantasy and not based in the real world.
if only the people of america actually controlled the printing of money like the constitution claims you can.
unfortunately and conveniently they took the phrase "the power to coin money" literally. and america, the people, are stuck making quarters and nickels.
you don't owe them jack sh-t. what you owe is your mortgage, credit card, phone, cable etc.
what they do with your taxes and what they do in your name is their responsibility.
it's all an embezzlement scheme. politicians and their lobbyists get rich, and then tell you that you're in debt.
it's all fantasy and not based in the real world.
if only the people of america actually controlled the printing of money like the constitution claims you can.
unfortunately and conveniently they took the phrase "the power to coin money" literally. and america, the people, are stuck making quarters and nickels.
reply posted on 31-1-2012 @ 05:58 PM by Asktheanimals
reply to post by nightbringr
Here's an article that highlights Goldman Sachs meddling in Greece-
www.nytimes.com...
It's called cooking the books. We can't blame the people for the misdeeds of their politicians.
Here's an article that highlights Goldman Sachs meddling in Greece-
www.nytimes.com...
It's called cooking the books. We can't blame the people for the misdeeds of their politicians.
reply posted on 31-1-2012 @ 06:35 PM by Char-Lee
reply to post by THE_PROFESSIONAL
This is what should have been done instead we bailed out the big business and banks that could now have been replaced with hundreds of new smaller ones who appreciate having the business...like it used to be.
This is what should have been done instead we bailed out the big business and banks that could now have been replaced with hundreds of new smaller ones who appreciate having the business...like it used to be.
reply posted on 31-1-2012 @ 06:40 PM by xXxinfidelxXx
reply to post by HighMaintenance
Sad to say, but that's just the way the world is these days. Blind, dishonest sheep who cannot help themselves get all the rewards while the rest of us who try to get by in an honest manner suffer for our good nature. Everything's all ass backwards and topsy-turvy. The concept of equality in this world is a total farce, and it becomes more annoyingly obvious to me with each passing year. Then again, maybe I'm just jaded...who knows
Sad to say, but that's just the way the world is these days. Blind, dishonest sheep who cannot help themselves get all the rewards while the rest of us who try to get by in an honest manner suffer for our good nature. Everything's all ass backwards and topsy-turvy. The concept of equality in this world is a total farce, and it becomes more annoyingly obvious to me with each passing year. Then again, maybe I'm just jaded...who knows
reply posted on 31-1-2012 @ 06:51 PM by HighMaintenance
reply to post by micmerci
I have a lot of sympathy for those people that have lived within their means, that have taken out mortgages and improved their homes only to find that now their homes are worth a fraction of what they owe through no fault of their own, I also have a lot of sympathy for those people that haven't spent outrageously but have taken out loans and used credit cards etc that now find themselves unemployed, again through no fault of their own, with no means of repaying what they owe, my anger in these cases is directed towards the banksters and incompetent/corrupt politicians that enabled this to happen.
What I do not and cannot condone is PERSONAL debt forgiveness for those that have spent recklessly, holidays (sometimes more than one) every year, brand new cars on the driveway (fair enough those loans are usually secured on the car so they will lose that!!), 10 credit cards in their wallet all spent to the max on the latest gadgets etc etc all without having the means to repay what they have borrowed. Just because the banks (very much so in Greece) were throwing credit cards and loans at people does not mean they had to take them and spend to the max!!
IMO if they want debt
forgiveness/relief then they must first show that they have done everything in their power to repay those debts by selling all the tat they bought,
then and only then would I consider having any sympathy for them. And yes mcdgray129 it DOES impact on me, if they don't pay, who do you think will??
It certainly won't be the banks!!
I have a lot of sympathy for those people that have lived within their means, that have taken out mortgages and improved their homes only to find that now their homes are worth a fraction of what they owe through no fault of their own, I also have a lot of sympathy for those people that haven't spent outrageously but have taken out loans and used credit cards etc that now find themselves unemployed, again through no fault of their own, with no means of repaying what they owe, my anger in these cases is directed towards the banksters and incompetent/corrupt politicians that enabled this to happen.
What I do not and cannot condone is PERSONAL debt forgiveness for those that have spent recklessly, holidays (sometimes more than one) every year, brand new cars on the driveway (fair enough those loans are usually secured on the car so they will lose that!!), 10 credit cards in their wallet all spent to the max on the latest gadgets etc etc all without having the means to repay what they have borrowed. Just because the banks (very much so in Greece) were throwing credit cards and loans at people does not mean they had to take them and spend to the max!!
IMO if they want debt
forgiveness/relief then they must first show that they have done everything in their power to repay those debts by selling all the tat they bought,
then and only then would I consider having any sympathy for them. And yes mcdgray129 it DOES impact on me, if they don't pay, who do you think will??
It certainly won't be the banks!!
reply posted on 31-1-2012 @ 07:29 PM by mnmcandiez
reply to post by GeorgiaGirl
So did you cry this much when the bankers got bailed out? Or is it only when the people are on the same caliber as you?
So did you cry this much when the bankers got bailed out? Or is it only when the people are on the same caliber as you?
reply posted on 31-1-2012 @ 07:57 PM by HighMaintenance
reply to post by mnmcandiez
I can't speak for GeorgiaGirl, and I don't think she's crying about anything, just pointing out facts. For myself, I ranted, raved, wrote to my TD (member of parliament), protested, shouted and ranted and raved some more, not that it did any good
. And I still am ranting and raving about
it to anyone that'll listen, not that many around me seem to care much, what's on the propoganda box is far more important 
I can't speak for GeorgiaGirl, and I don't think she's crying about anything, just pointing out facts. For myself, I ranted, raved, wrote to my TD (member of parliament), protested, shouted and ranted and raved some more, not that it did any good
. And I still am ranting and raving about
it to anyone that'll listen, not that many around me seem to care much, what's on the propoganda box is far more important reply posted on 31-1-2012 @ 08:10 PM by GeorgiaGirl
Originally posted by mnmcandiez
reply to post by GeorgiaGirl
So did you cry this much when the bankers got bailed out? Or is it only when the people are on the same caliber as you?
As a matter of fact, yes. You should reap what you sow.
And I don't consider people who are in super-debt to be in the "same caliber" as me, as you put it. (Unless it is something out of their control like catastrophic medical expenses. I'm talking about lifestyle debt. NO ONE should be bailed out for that.)
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