What a fucking circle jerk. First, my student loans were held by Citigroup. Then, the Dept of Education "bought" my loans from Citi and I was making payments to the Dept of Education every month. Then, the Dept of Ed allows Nelnet to service the student loans. Ever since Nelnet has been my servicer, they sent me one statement in the mail and thats it. Its been 3 months now and Ive been making payments over the phone because I cant get a human being on the phone to talk to me. Its all automated bullshit. I haven’t received a single statement. I made some online account but cant remember the fucking password. Still, I havent received any email notification or anything from Nelnet. Then, I see the news that Nelnet is being sued by the feds for apparently defrauding the gov. I realized that something was fishy with this company but now it makes perfect sense. Good thing I only have a half day today as Ive been working 7 days per week 12+ hr days as I will stop at nothing until I get SOMEONE on the phone.
America is slowly turning into a Banana republic. First, my girlfriend shows up at the DMV for her driving test (Aussie national) at 1230pm and is told at 4pm to leave because they were 7 hrs behind schedule lol. There goes a day wasted. Then, I call the Dept of Health for LA County and request a copy of a permit for one of my restaurants and they fax me a permit from 2008 lol lol lol. So much for the government leading the way for job growth right?? Speaking about jobs, the last 2 months of data SUCKED and today’s first time jobless claims at 482,000 with last week revised up to 479,000 does not bode well for the overall job market. Many expect economic contraction by 4qtr 2010. Not that we ever got out of the first dip as we simply had a government bounce with a good $3 trillion of extra federal debt to show for it. Wooohoooo!!! Were getting closer to national insolvency by the month!!!
Back to my student loan boondoggle, can you imagine that 75k is flying around between so many parties just like that? I wonder how many times my student loans will be bought and sold to the point where the promissory note is lost and then I wont have to pay them jack shit perhaps?? Wouldn’t that be nice. Well, keep dreaming subprime. Things are slowly but surely becoming more dysfunctional. This is what happens when a society begins the process of decomplexity. As a dark reminder from the past, during the dark ages of Europe people actually ripped off stones from the Coliseum to built huts alongside it. They used portions of great monuments of their forefathers to construct their little shacks. Imagine how defeating that must be.
I don't know if the eventual fall of America will bring upon a new dark ages (although the accompanying fall of Europe and Japan will certaintly push us in that direction), one thing I can say with absolute certainty is this: we will all have to work alot harder for much less in return. We must accept this new reality and move forward. In time the issues of fraud will be dealt with as the excesses at the top of the pyramid can only continue for so much longer.