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<blockquote data-quote="rickyb" data-source="post: 5234801" data-attributes="member: 56035"><p>i am watching videos on student loans, and what i realize from watching one is we allow profiteering here to get the education.</p><p></p><p>banks are making money off these loans. other countries dont allow this.</p><p></p><p>banks are a parasitic class. theyre not actually creating anything but bigger debts.</p><p></p><p>the fed lends money to the big banks at near 0% which of course amounts to corporate welfare, which the banks then lend back to the govt at interest and they make the profit. watching this video the girls loans from the private banks and govt are both around 5 or 6%.</p></blockquote><p></p>
[QUOTE="rickyb, post: 5234801, member: 56035"] i am watching videos on student loans, and what i realize from watching one is we allow profiteering here to get the education. banks are making money off these loans. other countries dont allow this. banks are a parasitic class. theyre not actually creating anything but bigger debts. the fed lends money to the big banks at near 0% which of course amounts to corporate welfare, which the banks then lend back to the govt at interest and they make the profit. watching this video the girls loans from the private banks and govt are both around 5 or 6%. [/QUOTE]
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