NAICU - Flunking banks out of college

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Flunking banks out of college

CNNMoney.com

March 11, 2010

The House bill cutting banks out of federally-backed student loans hasn't moved in the Senate, where bills need 60 votes to avoid a filibuster. So, Democratic lawmakers have been planning to stick student loans and health care together in a procedural move called "reconciliation," which avoids filibusters with a simple 51-vote majority. Sallie Mae has some powerful friends in the Senate, but many Congressional watchers expect President Obama to win this round.

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