I think this graphic shows the power of K street lobbying that the Congress has been so keen to honor. In this case the banks have tweeked the student loan laws over the last couple decades to their advantage much as a python swallows a large quadraped without anyone really noticing until the process of digestion has begun.
I have had no use for most pledges given to congressional candidates but I’d make an exception for one. I’d like Congressional candidates to pledge not to become lobbyists if they are elected to Congress.
More here on the student loan morass.
