tag:blogger.com,1999:blog-1141932539860553199.post739296642572280523..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: Student LoansMark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-1141932539860553199.post-91400564666371753572014-10-23T18:33:48.513+01:002014-10-23T18:33:48.513+01:00RT, that process (cheap area = artists and creativ...RT, that process (cheap area = artists and creatives = fashionable = expensive) has been observed all over the world many a time.<br /><br />I was about to write a post on it when I discovered that Wiki already has it taped.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-66053915926080721832014-10-23T06:57:33.225+01:002014-10-23T06:57:33.225+01:00To be fair on the film chap, film directors and mu...To be fair on the film chap, film directors and musicians do often say that you have to move to London to make it.<br /><br />They used to live in squats or really cheap rented accommodation in downmarket areas, which is how they came to be socialising with ethnic minorities, resulting in new genres like Ska music. Even those downmarket areas are too expensive now.<br /><br />Same thing happened in New York. Creative types used to live in old factories and warehouse lofts. Now its the trendy bankers and hipsters who do that.Rich Teehttps://www.blogger.com/profile/14037296506942507747noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-75775392918316061892014-10-22T23:50:51.939+01:002014-10-22T23:50:51.939+01:00TS Eliot worked in a bank for about 10 years...(lo...TS Eliot worked in a bank for about 10 years...(loads of stuff in the Waste Land). Artists can do jobs.<br /><br />Wallace Stevens and Charles Ives held high positions in insurance companies. William Carlos Williams was a practising physician. Work can be done while you are a high-performing artist.Graemehttps://www.blogger.com/profile/11007306140530173428noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-63337108796486745212014-10-22T21:26:19.150+01:002014-10-22T21:26:19.150+01:00B. I'll look into it vis a vis the regyewlays...B. I'll look into it vis a vis the regyewlayshuns and get back to you.Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-49827299476784354512014-10-22T19:56:51.242+01:002014-10-22T19:56:51.242+01:00Lola, would it be legal to contact a bunch of ex-s...Lola, would it be legal to contact a bunch of ex-students who are currently deemed poor credit risks by the banks and check to see if any of them look as if they might be in a position to repay some of their debt at some point, in which case you could buy their debt at a discount and sell it to them at a slightly smaller discount?Bayardhttps://www.blogger.com/profile/15211150959757982948noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-25757864977029724612014-10-22T19:31:08.029+01:002014-10-22T19:31:08.029+01:00What Dinero says, the danish mortgage bond market ...What Dinero says, the danish mortgage bond market is brilliant. But I'm not sure you could easily do the same with other types of loans, buying your own loan specifically discounted by the risk of all individual loans. The danish mortgage bonds are risk grouped AFAIK, and are priced by market risk, i.e. cycles. Kjhttps://www.blogger.com/profile/13530243002915410700noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-27134310634328152132014-10-22T18:57:50.025+01:002014-10-22T18:57:50.025+01:00They could fund the process by selling the debt ba...They could fund the process by selling the debt back to the debtors at 1/40.<br /><br /><br />Incidentally on secondary markets the Danish mortgage market system does ensure that mortgagers have access to the secondary market.Dinerohttps://www.blogger.com/profile/14632385731642361211noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-70237176692916914762014-10-22T18:38:12.490+01:002014-10-22T18:38:12.490+01:00Mark,
But for many of those cases why would they ...Mark,<br /><br />But for many of those cases why would they want to? Many of them aren't paying anything now, perhaps never will be paying anything.Tim Almondhttps://www.blogger.com/profile/13369256383976094670noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-20656754142874140342014-10-22T18:37:35.339+01:002014-10-22T18:37:35.339+01:00Actually, and seriously, seeing as I am in FS this...Actually, and seriously, seeing as I am in FS this is a both a business opportunity and Good Thing. Hmmmm?Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-90443057739325123332014-10-22T18:36:51.630+01:002014-10-22T18:36:51.630+01:00Didn't Greece do the same thing?
(MW - quite)...Didn't Greece do the same thing?<br /><br />(MW - quite)Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-79043579843985637182014-10-22T18:19:29.393+01:002014-10-22T18:19:29.393+01:00I thought this was a great idea.
The issue highl...I thought this was a great idea. <br /><br />The issue highlighted is that poor credit risks can't buy back their own debts for cents in the dollar, they have to do it this round about way.<br /><br />See also banks buying back their own bonds at a discount but moaning when Argentina tried the same trick.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.com