With all the fuss over Wall Street bailouts and AIG bonuses, one banking breakthrough is going unnoticed. Obama’s proposed budget completely eliminates an unnecessary, obsolete bank subsidy: College student loans – where the subsidy goes to the bank, not the student. It’s a stick in the eye of the banking industry, and the banks aren’t taking it lightly.
Blog > The Obama Budget: A Stick In The Eye For Banks
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Recent Stories by Eric Lotke
About Eric Lotke
Eric Lotke has cooked in five-star restaurants and flushed every toilet in the Washington D.C. jail. He has filed headline lawsuits and published headline research on crime, prisons, and sex offenses. He was formerly research director at Campaign for America's Future. His latest novel is Making Manna.