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The one that produce the "good" numbers is the government mandated one.
The more realistic one that takes "risk" and "administrative expenses" is the other one that will increase the deficit.
But that's ok..the fuzzy government numbers are what sold it to the American people.
40Billion is nothing to sneeze at. And THAT is the "more realistic one". This would make sense no matter how low that number got. I don't understand accounting practices or "fuzzy government numbers" but it's still a winner.
why the hell should the Government be paying money to banks to gauge students in the first place? If they are going to loan money to students let them do it themselves instead of paying a bunch of greedy freaking bankers who manage to destroy their credit in the first place if they fall behind!
It just amazes me how easily people fall for the "greedy bankers" and "evil corporations" devisivness that this adminstration deals out. They gobble it down hook, line & sinker.
WAKE UP!
Do you really think the government took over the loan industry out of benevolence our out of its own greed?
It just amazes me how easily people fall for the "greedy bankers" and "evil corporations" devisivness that this adminstration deals out. They gobble it down hook, line & sinker.
WAKE UP!
Do you really think the government took over the loan industry out of benevolence our out of its own greed?
Basically the government determines who gets a loan for school and who doesn't. And one of their first proclamations was that they were increasing Pell Grants.
It just amazes me how easily people fall for the "greedy bankers" and "evil corporations" devisivness that this adminstration deals out. They gobble it down hook, line & sinker.
WAKE UP!
It amazes ME how people can spew the same rhetoric regardless of the situation. Everyone, and I mean everyone who matters, knows anything, or cares, agrees this is a good thing.
Except a few internet posters...hmmm. LOL!! GO TO SLEEP!
400 billion doesn't even seem to be much money any more.
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