[Graewoulf]

” - - - one of his early legislative initiatives was to have the federal government take over the student lending business in America. - - - “

Read more: http://www.foxnews.com/politics/2011/10/26/obama-taps-taxpayers-for-student-stimulus/#ixzz1bwQRONcK

By “taking over,” (which illegally reduced competition), Obama became a criminal for violating the 1890 Sherman Anti-Trust Law.

Impeachment of Obama at that time would have saved America from his destructive spending for then on.

The gutless RINO Congressmen and women are equally responsible for Obama’s criminal actions because Congress is the primary Check and Balance on the Presidency as designed by our Founders.

By failing to stop an arrogant, lunatic, debt-greedy, Chief Executive, the current Congressmen and women thus became, and remain so to this day, the enablers to Spendaholic Obama.

[April Lexington]

The government doesn't make these loans and stick them in a vault. It bundles them and sells them to Sally Mae who syndicates them and sells the bonds to stupid investors like your mutual funds, pension funds, etc. The value of the outstanding student loans could collapse to zero. What would you pay for a Greek bond? Buy it. It is worth more than this crap today.