Wednesday, June 4, 2008

U.S. Banks to Create Draftee Pool

Remember when Bush touted the CCs as the great solution to America's ills?

So here's a question: Where do you think all these young people are going to end up?

I know. The writing is on the wall, and has been, for some time.


You are IN the ARMY NOW, boys AND girls!!!!

"Student Loans Start to Bypass 2-Year Colleges" by Jonathan D. Glater

Some of the nation’s biggest banks have closed their doors to students at community colleges, for-profit universities and other less competitive institutions, even as they continue to extend federally backed loans to students at the nation’s top universities.

So what was the $200-300 BILLION dollar bailout for? They told us it was so banks could continue to make loans; instead, the banks have pocketed the dough to cover their losses as they have fucked everyone else!!!

Talk about serving the rich and powerful! Get your heads out of your asses, America.

By the way, as a CC attendee, they pretty much suck. I did well there because the level of ederkashen was so dumbed down it was ridiculous. We are seeing the by-products today.

Citibank has been among the most aggressive in paring the list of colleges it serves. JPMorgan Chase, PNC and SunTrust say they have not dropped whole categories, but are cutting colleges as well. Some less-selective four-year colleges, like Eastern Oregon University and William Jessup University in Rocklin, Calif., say they have been summarily dropped by some lenders.

The practice suggests that if the credit crisis and the ensuing turmoil in the student loan business persist, some of the nation’s neediest students will be hurt the most. The difficulty borrowing may deter them from attending school or prompt them to take a semester off. When they get student loans, they will wind up with less attractive terms and may run a greater risk of default if they have to switch lenders in the middle of their college years....

Or end up you know where?

Some loan companies have exited the student loan business entirely, viewing it as unprofitable in the current environment. By splitting out community colleges and less-selective four-year institutions, some remaining lenders seem to be breaking the marketplace into tiers. Students attending elite, expensive, public and private four-year universities can expect loans to remain plentiful. The banks generally say these loans are bigger, more profitable and less risky, in part perhaps because the banks expect the universities’ graduates to earn more....

So AmeriKan "ederkashen" isn't about all the bullshit platitudes the politicians say it is, is it, readers?

I mean, this is about MAKING PROFIT!!!!

Yup, AmeriKa's "ederkashen" is about MAKING PROFIT, not helping kids!

Ready for that military service, UNDESERVED ONES? How does SLAVING while the RICH and POWERFUL continue to BENEFIT feel, Americans?

Hey, don't slink into the corner with that bowl of shit!!