Betsy DeVos Picks Student Loan CEO To Run Student Loan System

EDUCATION SECRETARY BETSY DEVOS IS UP TO HER OLD TRICKS.
LET'S BE FAIR, LET'S FIND OUT, WE WILL GO TO AN ARTICLE IN THE
HILL, SHE HAS APPOINTED SOMEONE NEW INTO THE DEPARTMENT, LET'S
FIND OUT WHO IT IS --
>>HOLD, HOLD, HOLD -- LET'S FILL IN THE REST OF THE SENTENCE.
THIS IS TO HELP STUDENTS WITH THEIR LOANS, BECAUSE THEY ARE ON
THE SIDE OF THE EDUCATION DEPARTMENT.
THEY ARE SUPPOSED TO
BE LOOKING OUT FOR YOU.
YOU AND YOUR KIDS AND YOUR LOANS.
SO
NOW, WHAT MIGHT BE A REASONABLE AND TO THAT SENTENCE?
FOUND
SOMEONE WHO IS AN EXPERT IN HELPING STUDENTS WITH THEIR
LOANS, AND WHO HAS FOUGHT FOR STUDENTS FOR LOWER LOANS, FOR
EXAMPLE.
WOULDN'T THAT MAKE SENSE?
IF YOU ARE ON THE SIDE OF
THE STUDENTS THAT WOULD MAKE SENSE.
LET'S FIND OUT WHAT THE
REST OF THE SENTENCE IS --
>>OH WELL.
SO, FOX, MEET HENHOUSE.
THE GUY WHOSE JOB IT
WAS TO MAXIMIZE PROFIT ON STUDENTS AND THEIR LOANS IS NOW
BEING PUT IN CHARGE OF STUDENT LOANS FROM THE GOVERNMENT SIDE.
GEE, I WONDER WHAT HE'S GOING TO DO.
I CAN'T QUITE TELL.
THIS IS
WHAT WE WERE TALKING ABOUT WHEN WE SAY TRUMP DIDN'T DRAIN THE
SWAMP, HE REBUILT THE SWAMP.
HE IS THE SWAMP MONSTER.
HE CLAIMED
HE WAS AGAINST CORRUPTION, THEN HE BRINGS IN HIS CRONIES AND
SAYS GO AHEAD, ROB THE PLACE BLIND.
WHEN ASKED WHAT
EXPERIENCE HE HAS IN HELPING STUDENTS AS OPPOSED TO HELPING
HIMSELF GET RICH OFF OF STUDENTS, THEY BRAGGED THAT HE
HAD --
>>THAT MAKES SENSE, SINCE HE WAS THE CEO OF A PRIVATE STUDENT
LOAN COMPANY.
THEY FURTHER EXPLAIN IN THE HILL --
>>IT DOESN'T MEAN THAT BY DEFINITION HE'S A BAD GUY, MAYBE
THE REFINANCE LOANS, IN LOVELY WAYS, YOU WOULD HAVE TO
INVESTIGATE.
I WOULD BE SURPRISED, BUT YOU NEVER KNOW.
SO I'M NOT JUDGING HIS COMPANY, I'M JUST SAYING IF YOU PICKED AN
ADVOCATE FOR STUDENTS THAT WOULD MAKE MORE SENSE WHEN YOU TALK
ABOUT RUNNING THE FEDERAL STUDENT AID.
MAY BE SOMEONE WHO
WORKED AT THE AID DEPARTMENT IN THE UNIVERSITY.
BUT THEY DON'T
BELIEVE IN THAT, THEY BELIEVE IN MAXIMIZING PROFITS OFF OF US, SO
THEY FIND A CEO AND PUT HIM IN CHARGE WHO HAS MAXIMIZED PROFITS
OFF OF US.
THE HILL POINTS OUT SOMETHING ELSE THAT IS FUNNY,
AND TELLING --
>>-- THE CREDENTIAL ABOUT HOW HE WAS CEO OF THAT COMPANY --
>>THE ONLY VAGUE REFERENCE WAS THE ONE I QUOTED YOU, WHERE IN
THE MIDDLE OF A LONG SENTENCE THEY SAID HE HAS CEO-LEVEL
SKILL.
WITHOUT EXPANDING WHO HE IS.
THE REASON HE HAS THAT SKILL
IS BECAUSE HE WAS THE CEO OF THE GUYS ON THE OTHER SIDE, IT'S A
REVOLVING DOOR, SO WILL YOUR STUDENT LOANS GET ANY BETTER?
GIVEN WHO WAS APPOINTED TO THAT POSITION, IT SEEMS UNLIKELY.
AGAIN, ONE LAST TIME, IT'S NOT TO SAY HE'S A BAD GUY, BUT THE
MORE YOU HAVE TO PAY BACK FOR YOUR LOANS, THE RICHER HIS
COMPANY GOT.
SO NOW WHEN THEY PUT HIM IN CHARGE, DO YOU THINK
HE WILL WANT TO LOWER YOUR LOANS, OR INCREASE YOUR LOANS?
JUST DO THE MATH
ON IT, SEE WHERE YOU COME OUT.

Betsy DeVos Picks Student Loan CEO To Run Student Loan System

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