Is this Obama trying to gain some leverage for the coming regulatory changes to the Financial Industry; threaten to cut off flow of taxpayer dollars? What's your opinion on this?
"Putting the government in charge of all federal loans would save taxpayers an estimated $87 billion, according to the Congressional Budget Office. The CBO says the figure could be much lower, $47 billion, when administrative costs and market conditions are considered."
"Democratic Rep. David Wu of Oregon said lenders still could make all the loans they want. "What will not happen anymore is making those student loans with taxpayer subsidies," he said.
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