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To: Libloather
Under the legislation, private lenders would be blocked from the market for originating loans, but private banks and lenders still would be able to bid for a limited number of contracts to service loans after they are made by the government.

What's the purpose of this?

4 posted on 09/17/2009 3:38:49 PM PDT by the invisib1e hand (hang the Czars.)
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To: the invisib1e hand

The purpose is to not provide student loans to folks who are not those of affirmative action status.

How hard is this for anyone to understand?


10 posted on 09/17/2009 3:46:23 PM PDT by tiger63
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To: the invisib1e hand

It’s another tentacle of the growing power grab.


21 posted on 09/17/2009 4:31:28 PM PDT by ViLaLuz (2 Chronicles 7:14)
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