Aww, the poor widdle banks ;_;

[homasse]

Banks on verge of losing student lending businessBanks and other private lenders are about to lose a $70 billion-a-year student loan business, part of a massive overhaul of college assistance programs that has received an unexpected boost from President Barack Obama's health care success

Comments

[bluetooth16]

I still don't understand the GOP arguments against this. The banks will still have tons of business from other types of loans.

[papilio_luna]

Even education loans! People can still take out private loans to fund their education, just not the government-subsidised kind.

[bluetooth16]

My thoughts exactly!

[chemchick]

I believe their argument is WHARRGHHHRRLBBBLLLLLSOCIALISM.

[bluetooth16]

I love using the term socialism to refer to policies that call for more government involvement, but this doesn't fit the bill at all. It's more a reallocation than anything else.

[chemchick]

Oh I know. That's just the crux of many of the arguments that I've read.

[thelilyqueen]

Eh, IME, they seem to be against anything that'll improve the average American's life.