New Jersey issues subpoenas in student loan scandal

[eppur_se_muova]

Source: Reuters/CNN

POSTED: 5:10 p.m. EDT, May 4, 2007

WASHINGTON (Reuters) -- The New Jersey attorney general said Friday he issued civil subpoenas to 61 colleges, 17 student loan firms and a state authority seeking information on potential misconduct in the student loan market, a target of widening investigations nationwide.

Attorney General Stuart Rabner said he is looking into "allegations that lenders have made improper payments to have colleges promote specific loan companies to students."

"Our investigation was launched to determine whether colleges have been improperly steering students to preferred lenders that don't have the best rates," he said.
***
Rabner joins New York Attorney General Andrew Cuomo, other attorneys general and two committees of Congress in examining allegations of misconduct across the student loan industry.

Read more: http://www.cnn.com/2007/EDUCATION/05/04/student.loans.education.reut/index.html

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I owe a bundle in student loans, so I'm pretty happy to see these bloodsuckers sizzle on the grill. Bu**sh** has been complicit in bending ALL the laws to favor the credit and finance corps.

[aquart]

1. Lovely.

[Bitwit1234]

2. Can anybody tell us what in the devil we will find next

What crooked actions are we going to uncover next. How damn deep does the level of corruption go with this administration. Every time you turn around you see where another crooked deal has been pulled. How...just tell me how.....can we as a nation survive two more years.