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Chile: Activist Burns $500 Mil of Student Debt

 
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DiorShowGirl View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote DiorShowGirl Quote  Post ReplyReply Direct Link To This Post Topic: Chile: Activist Burns $500 Mil of Student Debt
    Posted: May 26 2014 at 12:20am
WOW wish this could happen with my credit history...but it can't ...I so do want to make a thread on a subject, but i can't cause the govmint is looking....bye...
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Post Options Post Options   Thanks (0) Thanks(0)   Quote DiorShowGirl Quote  Post ReplyReply Direct Link To This Post Posted: May 26 2014 at 12:19am
Originally posted by NARSAddict NARSAddict wrote:

If the university closes, does it mean that the degrees they issued are invalid?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote NARSAddict Quote  Post ReplyReply Direct Link To This Post Posted: May 25 2014 at 4:17pm
If the university closes, does it mean that the degrees they issued are invalid?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote solena Quote  Post ReplyReply Direct Link To This Post Posted: May 24 2014 at 4:00pm
They were closing the institution anyway. Good for them.


Edited by solena - May 24 2014 at 4:02pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Sang Froid Quote  Post ReplyReply Direct Link To This Post Posted: May 24 2014 at 3:24pm
RIP to that college.
This isn't something I support either.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote sexyandfamous Quote  Post ReplyReply Direct Link To This Post Posted: May 24 2014 at 3:24pm
I think that's fvcked up because how will the school support itself, pay the professors and do all the things it does without the tuition from students? I believe it is a private university, correct?

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Benni Quote  Post ReplyReply Direct Link To This Post Posted: May 24 2014 at 2:07pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Lonisha87 Quote  Post ReplyReply Direct Link To This Post Posted: May 24 2014 at 12:08pm
Damn. Cool
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Post Options Post Options   Thanks (0) Thanks(0)   Quote StylingArabella Quote  Post ReplyReply Direct Link To This Post Posted: May 24 2014 at 11:28am
For those who won't read the article, but ask this question LOL.

JUAN GONZÁLEZ: Let me ask you: Were there no digital backups of records, electronic records, of these loans?

FRANCISCO "PAPAS FRITAS" TAPIA: [translated] No, the way it works here in Chile is that the creditor of the university are the ones who have to take care to keep these debt papers, not the banks. There is always a digital backup. For example, if you get me a copy of a dollar bill, I cannot use it to go shopping; I have to have the original bill. Nobody knows what happened to these copies. There are two theories, that either the Chilean investigative police affected the backup servers where these debt papers were kept, or they contributed to hiding and removing them, thinking that the rectors of the university—that is, the creditors—or the owners of the university would be able to recover the original ones and get away with it, in case the digital backups were demanded by the prosecution. These are the two theories, and that’s why there is no digital backup today. Now, it is a concrete fact that the papers were burned. They are gone, burned completely, and there’s no debt. Since these papers don’t exist anymore, there’s no way to charge the students.


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Post Options Post Options   Thanks (0) Thanks(0)   Quote Alias_Avi Quote  Post ReplyReply Direct Link To This Post Posted: May 24 2014 at 8:35am
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