How low does one have to be to support stuffing the pockets of the lenders over students? That the Democrats even have to consider the possibility of a filibuster is revolting, but that's the current GOP for you. Always there to support Big Finance and screw everyone else.
President Obama called the idea a “no-brainer” last fall, predicting it would take billions of dollars from the profits of private lenders and give it directly to students, and many colleges were already moving to get loans directly from the federal government in anticipation of the next move by Congress.
But an aggressive lobbying campaign by the nation’s biggest student lenders has now put one of the White House’s signature plans in peril, with lenders using sit-downs with lawmakers, town-hall-style meetings and petition drives to plead their case and stay in business.
