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Originally Posted by Sinestra
Also, just because the student graduates you dont know if they will be able to find work after college its just not smart right now. Investing in a stable married couple with proven income is smarter. But Banks are about one thing as you said profit profit profit so they hooking these kids while their young.
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I agree, simply cos I think its f*cked up how banks treat people like a bunch of statistics.
Quote:
Originally Posted by noodle
I think investing in students is the smartest thing a bank can do right now... You gotta remember, this crisis isn't gonna hold up forever... By the time most of these students finish their studies, the crisis will most likely be over. As for investing in a couple, that's risky because so many people are getting fired. Heck, some people that have been in companies for decades have been fired so someone that's been in a company for a couple of years sure as hell isn't stable. It's dangerous to invest in people that can declare themselves bankrupt after a couple of months!
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If you take into account that banks are needing a lot of taxpayers money to keep afloat, then its hard to call them smart at all. In fact they are doing what they want because they KNOW they will be bailed out at the end of the day and there won't even be a 'democratic' decision on it. I call that indifference more than anything else.
Yes banks work a certain way and they continue to work a certain way. This is at the expense of the people they are meant to be catering to and that is wrong.
It would be fine if the unemployment rate wasn't hitting above a million people in the UK alone but such an irresponsible attitude is unacceptable.
Quote:
Originally Posted by noodle
Plus, students are the leaders of tomorrow. If banks make it too difficult for students to study, then the next economic crisis to hit will be even harder cos most people would be too uneducated. lol
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The banks make the rules to start with. So in essence they've made it difficult initially and are providing a sort of "self engineered" ease for the students out there, by getting them hooked via debt.
I don't see a lot of students doing much else than work their asses off when they finally get their degrees. (Of course unless you've come out of university and are lucky enough to be a dentist or in a similar medical profession, to be making a minimum of £27,000 a year.)
Whether to pay off a mortgage or past debts, you're just more fodder for the economy.