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A comment on Ireland jails three top bankers over 2008 banking meltdown. Parent comment

Re:Ireland jails three top bankers over 2008 banking meltdown by aceofspades19 on Saturday July 30, 2016 @04:09PM (#12194480)
Should the person taking out the loan have 0 responsibility as well? Surely either the janitor or the english lit major should have some personal responsibility when it comes to taking on debt that they could not possibly pay back. I think both parties in the transaction have some responsibility in making sure that the loan is beneficial.
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Re:Ireland jails three top bankers over 2008 banking meltdown by dave_sullivan on Saturday July 30, 2016 @05:32PM (#12194778)
> I think both parties in the transaction have some responsibility in making sure that the loan is beneficial.

I agree.

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Re:Ireland jails three top bankers over 2008 banking meltdown by infinite8s on Saturday July 30, 2016 @08:12PM (#12195183)
And interestingly enough, the government agrees as well. Student loan debt backed by the government is difficult to discharge through bankruptcy - http://www.usnews.com/education/blogs/student-loan-ranger/20...
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Re:Ireland jails three top bankers over 2008 banking meltdown by dave_sullivan on Saturday July 30, 2016 @10:36PM (#12195482)
Indeed, and I strongly disagree with that. It's a feeble attempt to prop up an unsustainable market, at the cost of people's futures. When the student lenders eventually go broke (and they will) I doubt they'll stick to their philosophy of "gotta pay what you owe".
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Re:Ireland jails three top bankers over 2008 banking meltdown by infinite8s on Sunday July 31, 2016 @06:28AM (#12196354)
Why will they go broke? A large proportion of student debt is guaranteed by the federal government.
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Re:Ireland jails three top bankers over 2008 banking meltdown by nemanja-mit on Saturday July 30, 2016 @11:03PM (#12195553)
actually that law predates the explosion of the student debt market. it was intended to close a loophole - lore goes that law school graduates would default on their student loans just after they passed the bar and got their first law firm job
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