Just what we need – another ‘fairness’ act

“Senator Elizabeth Warren (D-MA) has just introduced a new bill, the Bank on Students Loan Fairness Act, to offer student loans at the same rates that the Federal Reserve charges big banks through its discount window lending program. At the moment, that rate is about 0.75%. The rates on federally guaranteed student loans, meanwhile, is set to double to 6.8% this summer.”

http://www.thedailybeast.com/articles/2013/05/09/elizabeth-warren-wants-the-fed-to-get-into-the-student-loan-business.html

(I thought Progressive Democrats put a wooden stake through that Bush-engineered doubling student loan interest. It was in all the news last year. OK. Search says Congress delayed doubling down until 1 July this year. Pass it on, pass it on. No decision to see here.)