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Thursday, February 26, 2009

Next Up: Nationalize Student Loan Industry

Obama is moving fast and furious before anyone has a chance to debate a single bill he is proposing. His newest proposal released today is to eliminate the private student loan market and have the government take care of it all. He claims it will save money, but is there anyone still alive on the planet that believes the government will be more efficient than the private sector? Further, does anyone think their underwriting standards will be any better?