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Political Discussion
Reply to "Elizabeth Warren's speech right now"
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[quote=Anonymous][quote]To me, Warren really exposes herself as an unsophisticated talking head when she riffs on student loans. She generally likes to claim that student loan borrowers shouldn't be paying higher interest rates than the Fed Funds rate, which completely ignores (a) the different credit risks for the different class of borrowers and (b) that lower student loan interest rates would actually implode the federal student loan programs because the program clearly depends on interest revenue for future sources of lending. Either she is being completely disingenuous or she is making basic mistakes that no alleged superstar in the area of bankruptcy law should be making. [/quote] I've even heard the Dems talk about student loans vs mortgages and why are the rates so much higher. Totally ignoring the fact that a mortgage is secured with a house. [/quote]
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