While wringing their hands over America’s student-loan crisis — a $1-trillion debt bubble resembling the 2008 mortgage meltdown — federal officials ought to look in the mirror. Washington started the mess and enables it to worsen.
Sallie Mae, a government-sponsored enterprise turned “private,” exhibits a “pattern of breaking the rules and ignoring its contractual obligations,” said U.S. Sen. Elizabeth Warren, D-Mass.
All the while, Sallie has raked in record profits with Washington’s help.
A pension probe implicating Lt. Gov. Kim Guadagno is so secret the New Jersey attorney general’s office won’t share its findings with the state board that requested the criminal investigation.
As a result, trustees of the Police and Firemen’s Retirement System remain in the dark about the results of an investigation they referred in 2011 to the attorney general’s Division of Criminal Justice. Yet a few details came to light at a board meeting this week.
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A college loan? You came to the right place, sonny!