Synpax
Well-known member
nordstrom said:
Hi Nordstrom,
I looked at the link. I admit not knowing the real story on many of these and some seem to be a matter of playing games with statistics, but on one of them, and it was example 3 (I stopped reading there).
--LIMBAUGH: "Banks take the risks in issuing student loans and they are entitled to the profits." (Radio show, quoted in FRQ, Summer/93)
REALITY: Banks take no risks in issuing student loans, which are federally insured.
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Actually, banks do take the risk, and I have such a non-federally backed, student bank loan that was issued to me by the Signature corporation. Some loans from Signature were federally backed, and they got consolidated with Sallie MAe. But I couldn't consolidate this non-Federally backed loan.
So your source is wrong in saying Limbaugh is wrong.
I do listen to Limbaugh about every day and let me tell you - I have heard him make mistakes, but he *always* corrects himself later in the program because the audience email spams him and brings it to his attention.