HomeDemocratsHillary Clinton5/19 Hell Breaking Loose at WH, Fmr Clinton Campaign Commun. Director weighs in 2020 POTUS Candidacy, & Evening Open Thread

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humphrey

Students beware! A monopoly is not a good thing.

http://www.reuters.com/article/us-usa-education-loans-idUSKCN18F29N?il=0&utm_source=twitter&utm_medium=Social

President Donald Trump’s administration will soon offer an exclusive contract that will give one company the right to service billions of dollars of outstanding federal student loans now handled by four companies, officials said on Friday.

The U.S. Education Department, led by Trump pick Betsy DeVos, said the streamlining will save money and increase efficiency. But critics said student borrowers could suffer because a single company would be granted a monopoly, with no incentive to provide better customer service.

The Trump approach would represent one more radical change for the financial aid system that former President Barack Obama overhauled. Under Obama, a Democrat, much of the $1.3 trillion business of student lending was moved from banks and other companies to the federal government.

Four companies still handle servicing the loans. Navient Corp (NAVI.O), which was spun off Sallie Mae (SLM.O) in 2014, is the largest. Its stock rose 23 cents to close at $13.94, after popping to a session high of $14.14 shortly after the announcement. The others are Nelnet Inc. (NNI.N), Great Lakes Educational Loan Services, Inc, and FedLoan Servicing, also called PHEAA. Nelnet’s stock closed down 0.5 percent on Friday.

The Consumer Financial Protection Bureau, a consumer financial watchdog agency, is fighting Navient in court over allegations the company deceived borrowers about repayment options and their rights.

If DeVos is for it pity the students.

polarbear4

Yikes! My Dept of Education loan is serviced by MOHELA, and I don’t see that they are owned by any of the above. I just switched to a REPAYE loan. I hope they don’t take those away. It’s a contract, so they shouldn’t be able to?

Scary!

polarbear4

So Navient will likely get the contract, right, since it’s deceived borrowers.

Obama may have brought them in to the “government” from banks, but he also then farmed the servicing out to private corporations, instead of building up the dept. of ed. to handle them. So now, it’s much easier to continue to “privatize” it. This is a perfect example of making it more expensive by privatizing, not to mention less efficient and much more mean.

I’m going to stop worrying and start thinking good thoughts about this one–this could really blow up in a lot of our faces.

humphrey

I wonder on what grounds the arrest would be made?

polarbear4

One they are considering has to do with breaking bail. Don’t know what Trump is cooking up.

humphrey

Then there is this.

humphrey

Wow!

humphrey

Get your popcorn ready!

humphrey

A couple of bills were passed with the aid of the usual so called Democrats.

View story at Medium.com

This week was National Police Week, and the House GOP decided to celebrate by passing two bills that pander to the “law and order”/“tough on crime” crowd while doing nothing to make communities safer.
The first was the Thin Blue Line Act, which requires that that federal courts consider the murder, attempted murder, or targeting of police, firefighters, and first responders as an “aggravating circumstance” when determining whether or not capital punishment is warranted. The bill, at best is unnecessary and duplicative because there are already state and federal laws that guarantee harsh treatment in such cases. However, given that more and more people are starting to oppose the death penalty given the racial biases in its use, the immorality of state murder, and the possibility of false accusations, entrenching the death penalty is the exact opposite of what we should be doing. Moreover, the bill is an assault on federalism, given that some states currently ban the death penalty and the Thin Blue Line Act would override that.

The second bill was the Probation Office Protection Act of 2017, which would allow federal probation officers the ability to arrest, without warrant, anyone whom they believe to be obstructing their ability to do their job. The formal mission of probation officers is “to bring about long-term positive change in individuals under supervision.” This will not advance that mission and does not respond to an existing need.
The bill passed 227 to 179. 37 Democrats voted for it with the Republicans, and 33 Republicans joined Democrats in voting against it.

How they voted can be viewed at the above link.

polarbear4

Thanks, Benny. Glad I reloaded.

MEET THE PASTOR RUNNING AS A PROGRESSIVE REPUBLICAN TO GET BIG MONEY OUT OF POLITICS

First Republican that Brand New Congress adopted! YES!

magsview

Thanks for the open thread Benny!

We might need a new one for Saturday just to cover the CA Dem Convention, especially with stuff like this going down!

Whoa

But at this very moment hubby needs me to get up on roof to blow the thick layer of bright green tree pollen off, along with all of the tumbleweeds that form with those stringy things that come down from oak trees. What a robust spring we’ve had this year! The flowering trees are going crazy. Best flowers in many years. But also all that tree sex stuff, lol.

I hope to check in a bit later. I hope you all have a great Saturday til then!

polarbear4

Didn’t know that CT has tumbleweeds–learn something new…!

Roofs–ugh. Must get in better frame of mind and clean my own. :O)

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