Financial Regulatory Forum

Obama lashes out at U.S. banks over student loans

By Reuters Staff
September 21, 2009

Obama lashes out at U.S. banks over student loansTROY, N.Y., Sept 21 (Reuters) – President Barack Obama on Monday criticized the largest U.S. banks for their efforts to thwart legislation that would overhaul federal student loan programs.
Speaking at a community college in Troy, N.Y., he singled out in particular banks that have received bailout money from the federal government, saying they want to maintain the status quo on student loans because they get an “unwarranted subsidy” from it.

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