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Middleboro Review 2

NEW CONTENT MOVED TO MIDDLEBORO REVIEW 2

Toyota

Since the Dilly, Dally, Delay & Stall Law Firms are adding their billable hours, the Toyota U.S.A. and Route 44 Toyota posts have been separated here:

Route 44 Toyota Sold Me A Lemon



Friday, July 5, 2013

What's Elizabeth Warren done?

Recently, a well-educated but uninformed person blabbered on about 'What's Elizabeth Warren done?' repeating all of the right-wing horse manure.



When I rattled off several issues about which the Senior Senator Elizabeth Warren has been outspoken, the sheepish response was 'I didn't know.' [information readily available with an internet search]

Then I rattled off several of former Senator Scott Brown's positions that are in lock-step with the Republican Right Wing platform and received a similar response 'I didn't know.'

And then my friend, Jim, as a Gabriel Gomez supporter,  was unaware of Rep. Ed Markey's votes, his opposition to re-licensing Pilgrim, Markey's opposition to the Dirty Tar Sands Pipeline, Markey's support of Cape Wind and historic advocacy for addressing global warming. My friend, Jim was also unaware of Gabriel Gomez's position on a number of issues, including those below.

That is not to single out Jim because he is representative of the blind support others have expressed.

And then there are multitudes of others who blindly accepted the '37 year' nonsense and voted for Gomez. Note of caution: That won't work in any other election.

Truth is where you find it.....

Just in case you missed it by the Tea Bagger in Disguise
 
 Gabriel Gomez: Repeating the Lies

Gabriel Gomez's Tax Deduction

Frankly, this got to me that the Spanish community refused to relate to Gomez's privileged upbringing --

State's largest Spanish language newspaper endorses Ed Markey over Gabriel Gomez

 
Massachusetts should be proud of Senator Warren who has repeatedly spoken out for Americans, for ALL of us.  
 
Frankly, it's baffling that so many continue to vote against their best interests and against the best interests of the nation.
 
Why would you do that unless you were uninformed?
 
And so, this is the recent action of Massachusetts' Senior Senator, Elizabeth Warren. You should be proud!
The Congress of the United States has determined by inaction to let various people grift over America's college students, and the senior senator from Massachusetts would like to know why in the fk this kind of thing is allowed to happen.
On Friday, Warren sent a letter to the CEO of the student lender, accusing Sallie Mae of "piling on" government supported benefits while reaping "big fees" from students. "While Sallie Mae is finding unique ways to profit from government programs, its borrowers are paying interest rates that are far in excess of the low cost of funds supported by the U.S. taxpayers," she wrote. The latest letter marks the newest round in a lengthy back and forth between the freshman senator and the student lender. What began as an inquiry into a low-interest line of credit Sallie Mae received from a government-created bank that primarily exists to support housing, has broadened into a critique of high student loan interest rates in general. "If we are serious about investing in our future, we should help our students pay for their education - not find ways to squeeze more profits from them. I believe it is time to align priorities in Washington with those of the American people," she added in her Friday letter.

This has been an ongoing thing. One quibble -- this is not something that has "broadened into a critique." This is a continuation of all the issues that SPW has been fighting over her entire public career -- namely, the connivance of big banks and government agencies to jam it to all the rest of us.
On Monday, Warren set off the debate, sending a letter to the Federal Housing Finance Agency, which oversees the nation's housing enterprises. In it, she asked why Sallie Mae, a private student loan provider, had received a low interest, $8.5 billion line of credit from the Federal Home Loan Bank of Des Moines. The nation's 12 Federal Home Loan Banks were created in the wake of the Great Depression, with the primary goal of ensuring access to low-cost funding for banks, which in turn could use them to offer affordable mortgages. The banks are owned by the nation's financial institutions, which buy into the banks in exchange for access to the low-cost funds, but are sponsored by the government.
Noting that Sallie Mae made $2.5 billion on student loan interest in 2012, Warren asked the regulator why it should get a 0.23 percent line of credit, while it was charging 25 to 40 times that amount on its own private student loans.

Good question. Do continue.
In a statement provided to The Hill, a Sallie Mae spokesperson said the line of credit was intended to service a leftover amount of federally guaranteed student loans it still had in its portfolio, although the lender stopped offering such loans in 2010 when Congress killed that program. The spokesperson added that the FHLB credit had "no bearing" on Sallie Mae's private lending activities. That claim resulted in Warren firing off a letter Tuesday to Sallie Mae itself, arguing that such a statement was contradicted by the lender's own corporate filings.

Dear Beltway Bureaucrats: do not attempt to bullshit Senator Professor Warren. This never ends well.


Read more: Elizabeth Warren Student Loans - Senator Warren Won't Be Taking Your BS - Esquire
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