Boehner Claims Student Loan Reform Will ‘Eliminate Every Bank In The Country’
But House Minority Leader John Boehner (R-OH) took this a step further last night, saying that student loan reform would actually “eliminate every bank in the country and all student loan lenders,” replacing them with the government:
Well, if you look at this student loan provision in there, they eliminate every bank in the country and all private student loan lenders so the government can do it instead.
This is just astoundingly wrong. On a very basic level, it could only be true if the sole thing banks did was make student loans, which is obviously not the case. The day after student loan reform passes, banks will still be there, cashing checks, taking deposits, making home loans, and on and on
But House Minority Leader John Boehner (R-OH) took this a step further last night, saying that student loan reform would actually “eliminate every bank in the country and all student loan lenders,” replacing them with the government:
Well, if you look at this student loan provision in there, they eliminate every bank in the country and all private student loan lenders so the government can do it instead.
This is just astoundingly wrong. On a very basic level, it could only be true if the sole thing banks did was make student loans, which is obviously not the case. The day after student loan reform passes, banks will still be there, cashing checks, taking deposits, making home loans, and on and on
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