Comments by "Matthew Ingerson" (@matthewingerson) on "Status Coup News" channel.

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  31. ​ @Krill_all_health_insuranceCEOs  Maybe it depends on the kind of loan. But, for some loans, they can garnish Social Security or Pension payments. My dad is retired and in his late 60s, and they are currently garnishing 20-ish percent of his monthly Social Security and/or pension to pay for it. My dad took out one student loan, on my behalf, 20 years ago. It was a Parent PLUS loan. When the bills started coming in the mail, my dad discarded the bills because he thought they were junk mail. Additionally, my dad didn't comprehend what was happening when he took out the loan. My mom talked him into doing it. I didn't even know he (and my mom) took the loan out on my behalf, because I applied for, and received all of my student loans ($100K worth) in my own name with no co-signers. (Which, in and of itself, is absurd, considering I was making between 7-8 dollars per hour at a part-time job when I applied for them.) I often wonder if my mom (who is hundreds of thousands of dollars in debt herself) committed some sort of fraud to get the money from the PLUS loan for herself. But without proof, it doesn't really matter. Anyway, yes, they can and will garnish the fixed incomes of senior citizens, or they will put liens on property. Capitalism is like a cancer that keeps on growing. That cancer's name is inequality. Capitalism causes addiction-driven mental illnesses in the wealthy-class knaves who perpetrate it, and in the working-class fools who help the wealthy-class to perpetuate it. /End rant.
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