Page 2 - Teaser Rate News Today

Are adults that were talking about. they need to realize that when they take out that debt, they are liable to pay it back. >> someone might say, listen, you took out a long, you pay it back. its simple. dont be irresponsible. what do you say to that? >> i think i wouldve said that totally makes sense. eight years ago when i was 17. >> lets not forget, these are kids being told to sign on the dotted line. no parental consent necessary. >> my 17-year-old self was very unprepared for all those det...

They can inflate a loan. - what they do is, they give you the teaser rate to start. its artificially low. - thats right. college lenders are using the classic "first ones free" move, used on everything from streaming services to cocaine-- or so im told. but thats not the only trick up their sleeve. - its a lot of fine print. its overwhelming. - maybe you make an underpayment one month, and they pyramid your fees until you dont notice. - if you end up defaulting, your wages can be garnished. they...

And they need to realize that when they take out debt that they are liable to repay that debt. - someone might say, listen, you took out a loan. you pay it back. its simple. like, dont be irresponsible. what do you say to that? - i think i would have said that totally makes sense eight years ago when i was 17. - lets not forget. these are kids being told to sign on the dotted line. no parental consent necessary. - my 17-year-old self was very unprepared for all of those details. - but some in th...

And they need to realize that when they take out debt that they are liable to repay that debt. - someone might say, listen, you took out a loan. you pay it back. its simple. like, dont be irresponsible. what do you say to that? - i think i would have said that totally makes sense eight years ago when i was 17. - lets not forget. these are kids being told to sign on the dotted line. no parental consent necessary. - my 17-year-old self was very unprepared for all of those details. - but some in th...

Theres a whole series of gimmicks played in the industry that attempt to cloud what the actual picture looks like. - the lenders become very creative in how they can inflate a loan. - what they do is, they give you the teaser rate to start. its artificially low. - thats right. college lenders are using the classic "first ones free" move, used on everything from streaming services to cocaine-- or so im told. but thats not the only trick up their sleeve. - its a lot of fine print. its overwhelming...

In the industry that attempt to cloud what the actual picture looks like. - the lenders become very creative in how they can inflate a loan. - what they do is, they give you the teaser rate to start. its artificially low. - thats right. college lenders are using the classic "first ones free" move, used on everything from streaming services to cocaine-- or so im told. but thats not the only trick up their sleeve. - its a lot of fine print. its overwhelming. - maybe you make an underpayment one mo...

This far. and that they got it. because, frankly, the politics of it dont make a lot of sense as you said. >> no. and, neera, i guess, i mean, it is a washington inside thing to think that, oh, well we get legislation. soon enough, and by the way, maybe its not soon enough but maybe 2019 or the end of 2019 before middle class americans start to figure out that this was a teaser rate. lots of people got a little tax cut for little while while companies got the biggest tax cut that we have seen in...

Before middle class americans start to figure out that this was a teaser rate. lots of people got a little tax cut for little while while companies got the biggest tax cut that we have seen in modern history. and at what point and how do democrats capitalize on this? because the president has come out day after day championing this as a middle class tax cut. >> yeah. whats fascinating is donald trump has been, i mean, just to say it, lying about this legislation for months. and the american peop...

>> the president does not want to -- >> he doesnt want to do any cuts there, but you did do cuts in medicaid. >> we did, because hes trying to protect the program. its on an unsustainable path that will not last. >> joining me now is alley velshi and kareem jean-pierre. ali, you look at the percentage change in after-tax income and you go at that by income, its clear whether you look at it by percentages or recall numbers, this is a tax cut for the rich. >> we should forget the raw numbers, beca...

Is a washington inside thing to think that, oh, well we get legislation. soon enough, and by the way, maybe its not soon enough but maybe 2019 or the end of 2019 before middle class americans start to figure out that this was a teaser rate. lots of people got a little tax cut for little while while companies got the biggest tax cut that we have seen in modern history. and at what point and how do democrats capitalize on this? because the president has come out day after day championing this as a...