Here's another issue that's not getting a limelight:
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.
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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.