elizabeth warren has proposed her first senate bell at n_s_c_ white tea is
covered before the senate now includes uh... and it just seemed to be interest
rate for student loans so currently the federal student loans i have eight
relatively low interest rate of three point four percent but they're set to
double to six point eight percent in july now as a result uh... elizabeth
ward actually wants to lower the interest rate for the student loans two
point seventy five percent and the reason why she's doing that is because
actually believes that since the banks dot loans for such as insanely
low-interest-rate student should be looked out for by the government
a man
bustling for season may zing
season a suspect
she's a true progressive someone i look up to and someone actually cares about
that best interests of the united states as opposed to like corporate greed you
know she's working with move on dot org to have people signed a petition so
uh... you know we can actually lower the student interest rate uh... and so far
she's gotten over three hundred thousand signatures so people are interested in
it she's really fighting so hopefully there will be some change on this front
that great moment she had back in february where she called all the
regulators before
for committee
in and ask them all those incredibly
questions
which caused some on the wall street executive to issue a state park the next
day
uh... circle guilty elections are over if you want to play sexual preference
if we want to play ball in this town
should get in line like the elections over you can pick up on these regulators
she asked those regulators those questions of
if you're using settle everything ok chevon dean one of these uh... banks
or brokerage houses to court
and tell me why and they were just they were all like are well we had the
cost-benefit analysis
yes if you get all this great stuff with those regulators back in february
and now she's
totally followed up with us
yes definitely sell ab she has sent out out letter to you
uh... three different people so to attorney jenna at three general eric
holder
occurring securities and exchange commission chairwoman mary jo white and
federal reserve chairman ben bernanke for ninety so they received this letter
from her where she says the following have you conducted an internal research
for analysis on trade-offs
to the public between suddenly and enforcement action without admission of
guilt and going forward with litigation is necessary to obtain such
uh... admission and if so can you provide that and analysis to my office
so basically she say
what do you guys decided not to prosecute uh... wall street where these
big banks that have destroyed the economy and that's fine but how do you
guys actually done a cost-benefit analysis have you actually cut did you
come to that conclusion
based on the best interests of the last and at so far she hasn't really gotten
an answer she did get an answer from those cc and they admitted that no they
did not do a cost-benefit analysis just follow up with the bigwigs with breaky
and hold and mary jo white
because the regulators give her na
yes uh...
and now she sort of forcing the issue and i suspect if you get anything from
anybody that's favorable
their older what's coming
uh... prosecuted nothing's been there five years ago superstores burley both
lose his job
predict that working for the republicans would cost for a different
late three scandals that would be if we get a little care which one
does that help he said they haven't you know they have done a cost-benefit also
moderate sure that's true they're going to do about the the houses that
and ripped up here
figure with the results yet
will be deposited in our system pop trivia kathleen mathematically for us is
frustrated gross but funny
that a couple of other saga and totally insane read one point
didn't one of these guys and
here really
you prosecute our bank prescriptions are correct way way way way way way weekly
what
lake that was their that's your big reasoning
when someone asks you
why isn't anyone being battle responsible for this these guys i
believe were fully confident throughout this process
did nothing bad wanted so enable them to get away with saying some crazy stuff
because they knew
we got this
we're not we've not we're not gonna get burned
i think my biggest question if i can just get super selfish perhaps second
will this data technique retroactively demanded phil
really before you really want something really yeah right now i had it
can't take any that testing stepping up college that
uh... that i'm not
actually but in elizabeth warren
passes this uh... it could benefit you retroactively of the question right now
is you know what's gonna happen in july when interest rates w a lot of students
who are deter that took out their student loans are worried that their
interest rates are uh... immediately get a double
but that's not necessarily the case you know it's its hands of the terms and
conditions of the federal loan they can't just randomly sailing and lower
interest rate that has a sixty one
greatly is that this will come through it'll come through legislation and
everyone will support her republicans won't collapse say they will because
that's too
popular not doing that now we're all in favor of the regis
you know that i did
to uh... uh... increase in the
uh... medicare medicaid prophetic until security interests were on board exactly
what they always do that