Are you saying that Obomba SAID THAT????? I need to know...I really do.
As Werner Wolf used to say: Let’s go to the videotape!
Yes, click the WABC link and halfway down the page is the vid- the quote comes early, you wont have to watch the asshat for more than a minute to hear it.
Go listen. Not only that, he said that we gave billions to the banks which could have been used for students to go to college—well, duh, isn’t that where these billions given to banks to provide student loans went? If not, then the laws were written wrong. If so, and govt will now be providing this money to students cheaper, why do we need to DOUBLE Pell Grants?
He said that millions of these billions went to line the pockets of fatcat bankers. How stupid! If anything, they lent those millions out to make even more money to line their pockets with. They wouldn’t just take it!
And anyways, because I don’t really know, did the USGovt actually give the money to the banks to lend, or did they just back (guarantee ) the loans?