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Old 2013-05-08, 15:17   Link #977
Kyuu
=^^=
 
 
Join Date: Aug 2007
Location: 42 10' N (Latitude) 87 33' W (Longitude)
Age: 39
Here's another issue that's not getting a limelight:

Spoiler:


http://www.latimes.com/business/mone...,3954620.story

Quote:
WASHINGTON -- Students taking out government loans to help pay for college should pay the same rock-bottom interest rate that the Federal Reserve charges big banks, Sen. Elizabeth Warren (D-Mass.) proposed Wednesday.

With the interest rate on federal student loans set to double to 6.8% this summer, Warren said it's unfair that big banks can borrow money at 0.75% from the central bank's discount window.
Of course, the root of the corruption is the interest rate from the Federal Reserve to the banks -- which is about virtually nothing. Banks get free money (and party time) -- while everyone else... gets... the bill.
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