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Berkshire Hathaway Inc. Message Board

  • hjclasvegas6969 hjclasvegas6969 May 11, 2013 9:55 AM Flag

    Elizabeth Warren: Student Loans Should Have Same Rate Big Banks Get , liz for PRES,

    someone with common sense, finally !! There is hope.

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    • baltbear May 11, 2013 7:36 PM Flag

      This is a small part of why the street was so mobilised against her.
      Now add that virtually all the profit of the big banks came from interest subsidies based on "tooo big to fail" and you can get an idea of how much profit those college kids can generate. But it won;t be for Willard and RYan, congress says f*em.
      Now make those loans direct from the Treasury, at let's say 5 points over the overnite rate OR the chained inflation rate (which ever is lower) and it's stable funding for a century or two.

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