University/College Questions Part III (incl. protest discussion)
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04-30-2012, 07:28 AM
Join Date: Aug 2010
Originally Posted by
Because then the banks would not lend you the money to begin with, which is worse.
It also shows that it's a major scam... But the domination of the banking industry over governments is another topic that could go on for a long time.
But at some point the government does have money. It does collect taxes. Hell, couldn't it be financed by the "Caisse de Dépôts et Placements" Couldn't it invest some of its money (it does have a huge amount of assets) in order to pay and collect all student loans? Then all interests would go back directly to the government and instead of having to pay for them to banks, it could be re-invested in education. Or whatever else, but at least it would not take public asset and give it straight to private interests for WHAT?
The reason this would likely never happen though and why the government will never talk about this is that banks would never want that to happen, and they would make the government pay in other ways if it took away one of their safest source of profit.
But when you realize that this whole thing is a direct transfer of our government money to banks with interest when they have 0 risk involved... I mean something should have to be done about it. It's a total scam. And I wished for the student movements, since these are NOT controlled by banks, to raise awareness on this.
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