• Pat Flood (@rebarcock) passed away 9/21/25. Pat played a huge role in encouraging the devolopmemt of this site and donated the very first dollar to get it started. Check the thread at the top of the board for the obituary and please feel free to pay your respects there. I am going to get all the content from that thread over to his family so they can see how many people really cared for Pat outside of what they ever knew. Pat loved to tell stories and always wanted everyone else to tell stories. I think a great way we can honor Pat is to tell a story in his thread (also pinned at the top of the board).

Master Thread Dance Your Cares Away/Fraggle/Law Abiding Citizens

Master Threads
America_1st said:
Actually the chief executive (would never call the IE that) has complete authority over the economy even when not in a national emergency but if I were him and were going to attempt this via EO then I'd simply forgive (pardon) anyone with a loan and make it against US public policy for these financial institutions to report or otherwise target those people being pardoned or holding loans.

It would be a lot easier for Congress to tell the banks they're left holding the bag and to write it off (they already don't pay taxes) but the IE has no political capital to make this happen and Senators Manchin, Sinema, and Kelly would be crucified regardless of how they voted on any bill on the topic hence why the IE is going to try to jam it thru via EO.

You'd think with all that power they supposedly have that they'd use it on locking up the young vote with such a bill but this topic perfectly exposes their inability to govern (like i predicted). Even if it happens they're exposing themselves, their hands, and their cover (Wuhan Charlie bad so must stimulate the economy propaganda).
Click to expand...

Financial institutions don't hold these student loans any more. At least a majority of them. U.S. Department of Education does (US Treasury). There are still some old FFELP loans out there that are financed by banks and have a guarantee from the government.
 
dskurz said:
Financial institutions don't hold these student loans any more. At least a majority of them. U.S. Department of Education does (US Treasury). There are still some old FFELP loans out there that are financed by banks and have a guarantee from the government.
Click to expand...
Dep of education passes these off to servicers in many cases. Mine and the wife's are held by Great Lakes for example.

If the gov holds and just pays for servicing then it will be all the easier to forgive the debt.

www.forbes.com

Huge Changes Are Coming To Student Loan Servicing

If you have student loans serviced by Nelnet, Great Lakes, Navient, or FedLoan Servicing, you may want to read this.
www.forbes.com www.forbes.com
 
WerPatriots said:
I played golf with 3 frontline guys yesterday, they are laughing at this silly shit. Why in the hell does a person sick enough go to ER sympathetic with possible covid and they send you home with Nyquil, bullshit, how bout HCQ & Regeneron. Never has been done in modern medicine. NoelNole you are still a dumbass. !!!
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My 46 year old friend tested positive for Covid on a Saturday. She went to the ER on Monday with chest constriction, 103 fever, and couldn't catch her breath. They sent her home and told her to keep taking Tylenol and nyquil. She died at home Wednesday night.
 
RaiderAbe said:
I prefer physical, but that appears difficult to get right now. You could go ETF route such as SIL or SILJ, miners such as PAAS, AG, CDE, HL and so on. Also, Sprott has allocated trusts that are fully backed by the physical. You can buy this on most trade platforms under PSLV.

https://sprott.com/investment-strategies/physical-bullion-trusts/
Click to expand...
Agreed. I’d be a bit cautious on a metals ETF if it’s not holding the physical metal. If this really did take off, at the end of the day you are simply stuck holding a piece of paper. Many do not have actual physical metal and are just trying to match the price with no contracts in place with vaults, etc. I get that is an extreme example but I would want to know where they are housing their metal and what those contracts look like before jumping in on things.
 
America_1st said:
Dep of education passes these off to servicers in many cases. Mine and the wife's are held by Great Lakes for example.

If the gov holds and just pays for servicing then it will be all the easier to forgive the debt.

www.forbes.com

Huge Changes Are Coming To Student Loan Servicing

If you have student loans serviced by Nelnet, Great Lakes, Navient, or FedLoan Servicing, you may want to read this.
www.forbes.com www.forbes.com
Click to expand...
Department of education sources out the actual servicing of it, but the money from the borrower payments ultimately ends up at the US Treasury. Servicers just get paid a certain rate per borrower for various status (in repayment, in school, in forbearance, etc.)
 
dskurz said:
Department of education sources out the actual servicing of it, but the money from the borrower payments ultimately ends up at the US Treasury. Servicers just get paid a certain rate per borrower for various status (in repayment, in school, in forbearance, etc.)
Click to expand...
Correct. Good information to bring together.

I believe the hold up has always been that these contracts (like the fleet vehicles for the go green bullshit EO) might hold up the process. They might be out big money and thus file.

I'd do it and force them to write off the loss or file but we all know big banks are the ones really in control of the IE so we'll see how it plays out.
 
America_1st said:
Prayers sent!
Click to expand...
Thank you. I posted about it a few weeks ago when it happened. We lost 5 friends (all but 2 over the age of 70) in 5 days. It was a rough week.

Today, I went to a visitation for a 20 year old Marine. It was achingly beautiful. His brothers in arms showing the ultimate respect and love was breathtaking. He was my daughter's best friend's brother. He died in a motorcycle accident at Camp Pendleton.

I've known this amazing kid since he was 6 years old (I don't care that he was a grown man and a Marine. He's still that sweet kid to me). My younger 3 kids and their 4 kids are stair stepped in age and the boys loved taking Max under their wings.

Holding that girl as she sobbed today almost broke me. And then his parents and twin brother. I'm still crying.

Say a prayer for the family tonight. I know Josh is already talking God's ears off.
 
tgsio said:
Thank you. I posted about it a few weeks ago when it happened. We lost 5 friends (all but 2 over the age of 70) in 5 days. It was a rough week.

Today, I went to a visitation for a 20 year old Marine. It was achingly beautiful. His brothers in arms showing the ultimate respect and love was breathtaking. He was my daughter's best friend's brother. He died in a motorcycle accident at Camp Pendleton.

I've known this amazing kid since he was 6 years old (I don't care that he was a grown man and a Marine. He's still that sweet kid to me).

Holding that girl as she sobbed today almost broke me. And then his parents and twin brother. I'm still crying.

Say a prayer for the family tonight. I know Josh is already talking God's ears off.
Click to expand...
I remember you saying something but didn't put two and two together until you just said something again. Apologies.

Condolences!

Do you have an obit you can DM me?
 
tgsio said:
Thank you. I posted about it a few weeks ago when it happened. We lost 5 friends (all but 2 over the age of 70) in 5 days. It was a rough week.

Today, I went to a visitation for a 20 year old Marine. It was achingly beautiful. His brothers in arms showing the ultimate respect and love was breathtaking. He was my daughter's best friend's brother. He died in a motorcycle accident at Camp Pendleton.

I've known this amazing kid since he was 6 years old (I don't care that he was a grown man and a Marine. He's still that sweet kid to me). My younger 3 kids and their 4 kids are stair stepped in age and the boys loved taking Max under their wings.

Holding that girl as she sobbed today almost broke me. And then his parents and twin brother. I'm still crying.

Say a prayer for the family tonight. I know Josh is already talking God's ears off.
Click to expand...
That’s terrible. Did they ever find the car? I assume it was this... https://timesofsandiego.com/crime/2...n-northbound-i-5-near-las-pulgas-canyon-road/
 
Carlscat said:
Agreed. I’d be a bit cautious on a metals ETF if it’s not holding the physical metal. If this really did take off, at the end of the day you are simply stuck holding a piece of paper. Many do not have actual physical metal and are just trying to match the price with no contracts in place with vaults, etc. I get that is an extreme example but I would want to know where they are housing their metal and what those contracts look like before jumping in on things.
Click to expand...
Correct. The two ETFs I listed are actually made up of the mining companies. A little better than SLV, but yes physical first if you can. Then something like the Sprott Trust or the actual mining stocks.
 
Carlscat said:
That’s terrible. Did they ever find the car? I assume it was this... https://timesofsandiego.com/crime/2...n-northbound-i-5-near-las-pulgas-canyon-road/
Click to expand...
Not to my knowledge.

I purposely haven't asked. I'm sure I'll hear much more in the next few days. My house is an open house for my kids' friends. They know to just walk in, whenever. My daughter couldn't go today (covid quarantine even though she tested negative 3 times...UD rules), so I'm betting that I'll have both girls here most of the week. She'll be more comfortable talking and crying here without feeling like she has to be strong for her parents and brothers.
 

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