Posted 2 years ago on May 11, 2013, 1:58 a.m. EST by quantumystic
from Memphis, TN
This content is user submitted and not an official statement
http://www.youtube.com/watch?v=dS_EXZRPEAw Published on May 10, 2013 "Senator Elizabeth Warren (D-MA) has just introduced a new bill, the Bank on Students Loan Fairness Act, to offer student loans at the same rates that the Federal Reserve charges big banks through its discount window lending program. At the moment, that rate is about 0.75%. The rates on federally guaranteed student loans, meanwhile, is set to double to 6.8% this summer."*
Elizabeth Warren introduced her first bill as senator-- and it would effectively make the student loan interest rate the very same rate bankers enjoy. Could this draw more attention to the big banks?