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To: Reaganwuzthebest
Okay. So are you saying this statement is not accurate from The Washington Times? "The education section of the bill is the student loan provision, whereby private lenders will no longer have the authority to handle student loans. Instead, all student loans would be dealt with solely through the federal government. However, within the CBO cost estimate for the education portion of the health care bill (at the top table of page 2 or section 2213 of the actual language), there appears to be a questionable guaranteed lending circumstance that goes exclusively to the Bank of North Dakota. The Democrats' health care bill allows "State-Owned Banks" to be exempt from the government's student loan takeover.(H.R. 4872): "Section 2213. Agreements with State‐Owned Banks. This section amends Part D of Title IV to direct the Secretary to enter into an agreement with an eligible lender for the purpose of providing Federal loan insurance on student loans made by state‐owned banks." It should be noted that the Bank Of North Dakota is the "Only State-Owned Bank In The Nation."
12 posted on 03/19/2010 9:43:23 AM PDT by NoNAIS (Yet another Government program not needed.)
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To: NoNAIS

It was Coburn who stated that any deals made by democrats with the White House for their vote will be thwarted in the Senate. Even if this story is accurate it will be interesting to see if and how they plan to follow through.


13 posted on 03/19/2010 9:49:29 AM PDT by Reaganwuzthebest
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