My freshmen year of college i went from 128-146. I would get discouraged and binge eat outta frustration towards my weight (not a very smart plan now looking back). I have been back 3 days now and i do an hour of cardio everyday and eat three HEALTHY meals, and do not overeat anymore. I have already lost 7 pounds tho...is that okay, b/c i am doing everything the correct way...but everyone makes a big deal about quick weightloss?!?!

Medically speaking, I don't think anyone will disagree with you, that, indeed, a progressive long term program of weight loss is likely to be more successful and healthful for you. Quick weight loss is not necessarily "horrible" but it almost always leads to rapid regain of lost adipose, so I think you're doing the right thing. Medically speaking, cardio is of utmost importance in any number of ways.
In terms of diet, you really might simply consider a sensible low-glycemic diet, eat more hearty breads, green veggies, whole grain products, etc. rather than processed "simple carbs."
Best of luck!

IMO fast weightloss will only show back up on your waist. And it is not healthy to lose weight fast. Just watch what you eat and exercise to your own limits