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WSJ: "Student Loan Debt Hits Home for Bernanke"

The most interesting anecdote to come out of Federal Reserve...
fragrant karate
  02/29/12
lol wtf, Bernanke can't afford to pay for his son's schoolin...
comical twisted corn cake national
  02/29/12
There's no way he can't afford it. This is an example of th...
Laughsome lodge immigrant
  02/29/12
of course he can afford it. fuck SHITBOOMERS
comical twisted corn cake national
  02/29/12
titcr
nudist transparent heaven
  02/29/12
...
Rambunctious sweet tailpipe
  09/15/12
...
Alcoholic very tactful faggotry
  02/29/12
<shitboomer who hires illegals to do all home repairs>...
Beta infuriating famous landscape painting church building
  02/29/12
...
Laughsome lodge immigrant
  02/29/12
180 use of xml tags
scarlet skinny woman juggernaut
  09/15/12
180
disrespectful plum hissy fit goal in life
  09/16/12
...
Elite Codepig
  02/29/12
He's a cheap jew, what do u expect?
brindle love of her life international law enforcement agency
  03/02/12
lol at prejudiced artifact of double-assburger Sandwich post...
Beady-eyed French Chef Bbw
  09/15/12
Which school? I am guessing Columbia or Cornell just b/c of ...
Beta infuriating famous landscape painting church building
  02/29/12
Rochester, hes a second year.
Pontificating aqua doctorate
  02/29/12
Pretty weak for a breh with a famous dad.
Beta infuriating famous landscape painting church building
  02/29/12
totally made that shit up
Pontificating aqua doctorate
  02/29/12
nice
deranged point
  02/29/12
it's cornell
Ultramarine Flatulent Business Firm
  03/01/12
IRATE BOOMERS COMMENTING: Really, his father makes that...
Massive carnelian box office
  02/29/12
i would personally execute this commenter
Aphrodisiac apoplectic son of senegal whorehouse
  02/29/12
.... Shitboomer fails to realize that person wasn't like ...
stimulating rough-skinned elastic band nibblets
  02/29/12
describe your businesses bro. chobani did just fine in n...
flirting people who are hurt bawdyhouse
  09/15/12
cr
Massive carnelian box office
  02/29/12
I wouldn't Prosecute you at all, Bro. I'd let you off w/ ...
heady internet-worthy deer antler
  02/29/12
what a fucking out of touch dick
Bisexual magical degenerate jewess
  02/29/12
Boomers are IRATE as fuckkkk cuz. I just read an article in...
territorial ivory death wish generalized bond
  02/29/12
actually, he's right.
Bat-shit-crazy aromatic factory reset button
  02/29/12
lol nice flame
Beady-eyed French Chef Bbw
  09/15/12
med school is flame. just COP DAT ortho surgery certifi...
scarlet skinny woman juggernaut
  09/15/12
lol ty boomers: "just do 'get your foot in the door'...
cowardly range
  09/15/12
He's an asshole for making him take loans.
Lime Locus Multi-billionaire
  02/29/12
I doubt he has very much cash. Career academic / public sect...
Turquoise market
  02/29/12
Bernanke has money. He's SES. Probably pulls @200k/yr. Sure ...
stimulating rough-skinned elastic band nibblets
  02/29/12
He earns 180k a year. Not really enough to pay for son's med...
Turquoise market
  02/29/12
A lot of professors have tuition reciprocity deals. No on...
stimulating rough-skinned elastic band nibblets
  02/29/12
he has a widely used econ textbook as well. edit: several...
silver preventive strike
  02/29/12
...
scarlet skinny woman juggernaut
  02/29/12
"Really, student loans are a shame." Bernanke t...
stimulating rough-skinned elastic band nibblets
  02/29/12
I'm pretty sure both of his kids got swell lib arts degrees ...
trip den faggot firefighter
  02/29/12
Yeah, most of the "elites" in high government posi...
insanely creepy area
  02/29/12
lol @ the image of Bernanke walking up to a "mortgage s...
Purple trailer park
  02/29/12
...
Thriller parlour cuck
  02/29/12
...
Rambunctious sweet tailpipe
  02/29/12
that there is some pretty funny shit to think about... someh...
Beady-eyed French Chef Bbw
  09/15/12
i think most ppl here would give their left nut to graduate ...
pale irradiated stage
  02/29/12
http://i.qkme.me/55dc.jpg
trip den faggot firefighter
  02/29/12
goddamn 180
Rambunctious sweet tailpipe
  02/29/12
holy fucking shit. How does one get 400k in loans? Wha...
histrionic senate laser beams
  09/15/12
just do usc dental school bro http://dentistry.usc.edu/pr...
Glittery Pit Water Buffalo
  09/15/12
Yeah the COA of dental school has become absolutely fucking ...
Slimy Yapping Piazza Puppy
  09/15/12
why the fuck should bernanke pay his son's medical school?
Beady-eyed French Chef Bbw
  09/15/12
he's paying for everyone's shit securities, why not some tui...
Shaky address
  09/15/12
CR. he's paying for bankers to continue what is a essential...
disrespectful plum hissy fit goal in life
  09/16/12
He thinks he is buying time, but he's just digging a bigger ...
Naked cuckold trump supporter
  09/16/12


Poast new message in this thread



Reply Favorite

Date: February 29th, 2012 12:42 PM
Author: fragrant karate

The most interesting anecdote to come out of Federal Reserve Chairman Ben Bernanke‘s semiannual testimony to Congress: His son, who is in medical school in New York, is likely to rack up $400,000 of student loan debt in the process of getting his degree.

The rapid growth of U.S. student loan debt, Mr. Bernanke said, required “careful oversight” from regulators.

The student loan tidbit wasn’t the only piece of “regular guy” information Mr. Bernanke divulged in today’s hearing. He also said he does his own grocery shopping.

As the Wall Street Journal reported in December, Mr. Bernanke has a $672,000 mortgage on the three bedroom townhouse he owns near Capitol Hill. He has refinanced that mortgage two times, most recently last September. Fortunately for him, his income-generating capacity is high, considering the book and speaking fees he has the potential to command when his term at the Fed is up in 2014.

http://blogs.wsj.com/economics/2012/02/29/student-loan-debt-hits-home-for-bernanke/

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20083262)



Reply Favorite

Date: February 29th, 2012 1:34 PM
Author: comical twisted corn cake national

lol wtf, Bernanke can't afford to pay for his son's schooling? lol @ this shitboomer

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20083548)



Reply Favorite

Date: February 29th, 2012 1:38 PM
Author: Laughsome lodge immigrant

There's no way he can't afford it. This is an example of the shitboomer ethos of "I paid for my own education and so can you." Meanwhile, the shitboomer's education cost $2k for four years.

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20083566)



Reply Favorite

Date: February 29th, 2012 1:39 PM
Author: comical twisted corn cake national

of course he can afford it. fuck SHITBOOMERS

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20083570)



Reply Favorite

Date: February 29th, 2012 10:16 PM
Author: nudist transparent heaven

titcr

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20087299)



Reply Favorite

Date: September 15th, 2012 1:33 AM
Author: Rambunctious sweet tailpipe



(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#21583428)



Reply Favorite

Date: February 29th, 2012 1:40 PM
Author: Alcoholic very tactful faggotry



(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20083577)



Reply Favorite

Date: February 29th, 2012 1:54 PM
Author: Beta infuriating famous landscape painting church building

<shitboomer who hires illegals to do all home repairs>

Well, you can just work in the trades then. Those guys make good money!

</shitboomer who hires illegals to do all home repairs>



(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20083682)



Reply Favorite

Date: February 29th, 2012 2:03 PM
Author: Laughsome lodge immigrant



(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20083754)



Reply Favorite

Date: September 15th, 2012 7:48 AM
Author: scarlet skinny woman juggernaut

180 use of xml tags

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#21583950)



Reply Favorite

Date: September 16th, 2012 6:38 PM
Author: disrespectful plum hissy fit goal in life

180

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#21594836)



Reply Favorite

Date: February 29th, 2012 6:11 PM
Author: Elite Codepig



(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20085020)



Reply Favorite

Date: March 2nd, 2012 3:45 PM
Author: brindle love of her life international law enforcement agency

He's a cheap jew, what do u expect?

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20106739)



Reply Favorite

Date: September 15th, 2012 2:38 AM
Author: Beady-eyed French Chef Bbw

lol at prejudiced artifact of double-assburger Sandwich poster. You are distinguished as as superior assfister

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#21583718)



Reply Favorite

Date: February 29th, 2012 1:41 PM
Author: Beta infuriating famous landscape painting church building

Which school? I am guessing Columbia or Cornell just b/c of Dad's fame+connections.

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20083583)



Reply Favorite

Date: February 29th, 2012 2:02 PM
Author: Pontificating aqua doctorate

Rochester, hes a second year.

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20083749)



Reply Favorite

Date: February 29th, 2012 2:03 PM
Author: Beta infuriating famous landscape painting church building

Pretty weak for a breh with a famous dad.

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20083760)



Reply Favorite

Date: February 29th, 2012 2:05 PM
Author: Pontificating aqua doctorate

totally made that shit up

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20083773)



Reply Favorite

Date: February 29th, 2012 5:50 PM
Author: deranged point

nice

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20084906)



Reply Favorite

Date: March 1st, 2012 1:52 PM
Author: Ultramarine Flatulent Business Firm

it's cornell

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20098696)



Reply Favorite

Date: February 29th, 2012 5:58 PM
Author: Massive carnelian box office

IRATE BOOMERS COMMENTING:

Really, his father makes that much money and he didn’t teach his son how to manage his money. Bernanke shouldn’t be in his type of position if he can’t live debt free. People need to grow up and start learning how to live within their means. I had no loans when I graduated from college due to working and great parents that believed in budgeting. Get out and work.

I gotta think you are an idiot for spending more than 40k for an undergrad and I think that you have to be a bigger idiot to go and get a masters until you have actually been working in your field for at least 7 years.

Granted….there are some professions that are going to require very very specific training and others that even at an early level are going to want some type of advanced degree but for the vast majority of us it makes no sense to lever up on education the way these kids are.

My father, an orthopaedic surgeon, told me that all a college degree does is prove that you can finish something. He said that it is mainly an opportunity to spend four years improving yourself as a human being by broadening your understanding of the world. From his perspective, college was a priviledge and wonderful thing to have but not necessary for most careers.

ME….I make 200k a yr with a wife that makes 80k.

I NEVER GRADUATED FROM COLLEGE. Still have 3 classes to go and I fit them in when I can. My wife got her MBA from Boston University.

I went to a small state school in MA after 4 yrs in the army. With my GI bill and scholarships I took on a total of 6k in debt for the 3 years I attended full time. Since then, my employers have reimbursed me for each course I take. My wife’s MBA cost her parents well over 130k.

So, what did I do that allowed me to get to where I am WITHOUT a degree?

First, I had a top notch prep school education before I enlisted. Put another way, I can read, write well, have good reading comprehension and have some skill at mathmatics.

Second, I have worked regularly since I was 14 and started my own business cleaning private stables after school. I started my second business doing home repairs and landscaping as a 22 yr old sophmore in college where I built a big enough book of business selling door to door and on referals that I was running 6 crews within 5 months of starting the business. I sold that business to a more established firm for $100k at the end of my Junior yr when I was recruited out of school to work for a tech firm in Boston as a jr. programmer. I have not looked back since and now run $100 million dollar IT services contracts.

Third, I am always pushing my industry related skills higher and refreshing them. I have always scanned the want ads and look for the specific skills and certifications that employers are demanding or I see trending toward being a requirement then I go get them as fast as I can and I get my employers to pay for them. I hold a Black Belt in Lean Six Sigma, a PMP (working on PgMP), ITIL Intermediate (working toward Master), SCRUM Master and a series of others related to specific technologies.

Fourth (kinda goes to number 5) I never ever turn down a chance to do something new or take on a piece of work that others do not want to do. It has cost me years of doing 60 or 70 even 90 hr weeks. It has cost me spending as much as 200 nights a year on the road for multiple years in a row. It has meant doing drudge work and working with clients that others do not want to face. HOWEVER, the result is a resume’ full of ever increasing responsability and broad success accross an even broader set of industries. It means I have boat loads of practical experience that others who sat back do not.

Fifth, and likely the singel most important thing I have done, I deliver what my boss needs and my clients want. I do not whine. I do not complain. I just deliver and I do it consistently better than my peers. I put my boss and my clients in a position where they count on and need me to a point where they do not care or do not care to think about the fact that I do not have a degree. When they cannot fail and they know that I will deliver that is all that matters to them.

So now here I sit with no student debt and a very nice income for which I am most grateful.

When I listen to these stories about wha these kids are spending I just want to scream.

When I listen to these kids I want to tell them to stop, put down the books, get off your but, stop trying to buy a career with a new degreee AND JUST DO SOMETHING PRODUCTIVE THAT PEOPLE NEED. Go make money. WORK. Work really really hard and stop worrying about the useless and costly educational arms race.

I meet a cop the other day. She is a detective on a county police department. She has $140k in student debt. What the heck for? What could some academic teach you that you cannot learn on the street doing the job that could possibly be worth that kind of money?

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20084958)



Reply Favorite

Date: February 29th, 2012 6:06 PM
Author: Aphrodisiac apoplectic son of senegal whorehouse

i would personally execute this commenter

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20084996)



Reply Favorite

Date: February 29th, 2012 6:10 PM
Author: stimulating rough-skinned elastic band nibblets

....

Shitboomer fails to realize that person wasn't like "Oh I want to be a cop." Person got a degree in something, couldn't find a job in it/found out pay sucked, became cop.

Oh, and LOL starting a business in NY. I have 2. Neither have ever made a dime after taxes.

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20085019)



Reply Favorite

Date: September 15th, 2012 9:39 AM
Author: flirting people who are hurt bawdyhouse

describe your businesses bro.

chobani did just fine in ny.

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#21584077)



Reply Favorite

Date: February 29th, 2012 6:11 PM
Author: Massive carnelian box office

cr

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20085024)



Reply Favorite

Date: February 29th, 2012 7:37 PM
Author: heady internet-worthy deer antler

I wouldn't Prosecute you at all, Bro.

I'd let you off w/ a Reckless Conduct.

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20085488)



Reply Favorite

Date: February 29th, 2012 6:28 PM
Author: Bisexual magical degenerate jewess

what a fucking out of touch dick

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20085099)



Reply Favorite

Date: February 29th, 2012 7:37 PM
Author: territorial ivory death wish generalized bond

Boomers are IRATE as fuckkkk cuz. I just read an article in Smart Money talking about how Boomers are having to help their kids get jobs. The "Never trust anyone over 30" generation is fucking annoying. The only thing they ever did was lose the fucking Vietnam war. Sorry breh, shit like this gets me irritated.

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20085492)



Reply Favorite

Date: February 29th, 2012 10:29 PM
Author: Bat-shit-crazy aromatic factory reset button

actually, he's right.

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20087415)



Reply Favorite

Date: September 15th, 2012 2:35 AM
Author: Beady-eyed French Chef Bbw

lol nice flame

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#21583713)



Reply Favorite

Date: September 15th, 2012 7:52 AM
Author: scarlet skinny woman juggernaut

med school is flame.

just COP DAT ortho surgery certification from the project management institute

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#21583953)



Reply Favorite

Date: September 15th, 2012 10:38 AM
Author: cowardly range

lol ty

boomers: "just do 'get your foot in the door' lil breh"

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#21584177)



Reply Favorite

Date: February 29th, 2012 6:01 PM
Author: Lime Locus Multi-billionaire

He's an asshole for making him take loans.

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20084966)



Reply Favorite

Date: February 29th, 2012 6:06 PM
Author: Turquoise market

I doubt he has very much cash. Career academic / public sector official

edit: net worth of 1 to 2 million

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20084997)



Reply Favorite

Date: February 29th, 2012 6:10 PM
Author: stimulating rough-skinned elastic band nibblets

Bernanke has money. He's SES. Probably pulls @200k/yr. Sure as a professor he did OK too.

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20085017)



Reply Favorite

Date: February 29th, 2012 6:11 PM
Author: Turquoise market

He earns 180k a year. Not really enough to pay for son's medical school

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20085022)



Reply Favorite

Date: February 29th, 2012 6:13 PM
Author: stimulating rough-skinned elastic band nibblets

A lot of professors have tuition reciprocity deals.

No one I know who had a parent as a tenured college prof paid for college.

Jr probably went to a good UG free.

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20085031)



Reply Favorite

Date: February 29th, 2012 6:46 PM
Author: silver preventive strike

he has a widely used econ textbook as well.

edit: several.

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20085179)



Reply Favorite

Date: February 29th, 2012 7:33 PM
Author: scarlet skinny woman juggernaut



(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20085459)



Reply Favorite

Date: February 29th, 2012 6:08 PM
Author: stimulating rough-skinned elastic band nibblets

"Really, student loans are a shame."

Bernanke thumbs through "DIE BROKE!" for ideas on squandering his money before dying.



(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20085010)



Reply Favorite

Date: February 29th, 2012 7:37 PM
Author: trip den faggot firefighter

I'm pretty sure both of his kids got swell lib arts degrees on the cheap.

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20085484)



Reply Favorite

Date: February 29th, 2012 7:39 PM
Author: insanely creepy area

Yeah, most of the "elites" in high government positions that Alex Jones types go nuts over aren't actually that rich or privileged.

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20085508)



Reply Favorite

Date: February 29th, 2012 10:22 PM
Author: Purple trailer park

lol @ the image of Bernanke walking up to a "mortgage specialist" at e.g., Citibank to discuss refinancing options

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20087365)



Reply Favorite

Date: February 29th, 2012 10:26 PM
Author: Thriller parlour cuck



(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20087395)



Reply Favorite

Date: February 29th, 2012 11:22 PM
Author: Rambunctious sweet tailpipe



(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20088000)



Reply Favorite

Date: September 15th, 2012 2:44 AM
Author: Beady-eyed French Chef Bbw

that there is some pretty funny shit to think about... somehow i think dood got hooked up pretty good with his refinancing options. but then again even govt chiefs don't nec get special tx in all regards

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#21583733)



Reply Favorite

Date: February 29th, 2012 10:25 PM
Author: pale irradiated stage

i think most ppl here would give their left nut to graduate with the same reasonable level of debt and auspicious job opportunities as his son

JFC, so outta touch

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20087387)



Reply Favorite

Date: February 29th, 2012 10:28 PM
Author: trip den faggot firefighter

http://i.qkme.me/55dc.jpg

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20087408)



Reply Favorite

Date: February 29th, 2012 11:22 PM
Author: Rambunctious sweet tailpipe

goddamn 180

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#20087992)



Reply Favorite

Date: September 15th, 2012 2:40 AM
Author: histrionic senate laser beams

holy fucking shit.

How does one get 400k in loans?

What, full price Dartmouth UG, and then full price medical school? 150k UG, 250k med?

what' the monthly payment? 4k?

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#21583723)



Reply Favorite

Date: September 15th, 2012 2:47 AM
Author: Glittery Pit Water Buffalo

just do usc dental school bro

http://dentistry.usc.edu/programs/dds/cost-of-attendance/

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#21583741)



Reply Favorite

Date: September 15th, 2012 5:01 PM
Author: Slimy Yapping Piazza Puppy

Yeah the COA of dental school has become absolutely fucking ludicrous.

And to make matters worse, most dentists have to buy into/start up their own practices as well. There goes another $100-150k down the drain.

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#21586493)



Reply Favorite

Date: September 15th, 2012 2:41 AM
Author: Beady-eyed French Chef Bbw

why the fuck should bernanke pay his son's medical school?

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#21583726)



Reply Favorite

Date: September 15th, 2012 5:02 PM
Author: Shaky address

he's paying for everyone's shit securities, why not some tuition too

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#21586506)



Reply Favorite

Date: September 16th, 2012 6:41 PM
Author: disrespectful plum hissy fit goal in life

CR. he's paying for bankers to continue what is a essentially a giant, hyper-leveraged gambling ring with taxpayer money. why not pay for his kid's med school costs?

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#21594853)



Reply Favorite

Date: September 16th, 2012 10:07 PM
Author: Naked cuckold trump supporter

He thinks he is buying time, but he's just digging a bigger hole.

(http://www.autoadmit.com/thread.php?thread_id=1886653&forum_id=2#21596411)