House Proceeding on Jul 24th, 2009 :: 1:24:45 to 1:25:55
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1:24:42 to 1:25:03( Edit History Discussion )

Michael M. Honda: subcommittee on labor, health and human services and education, mr. honda. the speaker pro tempore: the gentleman from california is recognized for one minute. mr. honda: thank speaker. just a little bit concerned about information that's being shared with the public and to the media about the student loans and the criticism about

1:24:45 to 1:25:55( Edit History Discussion )
Speech By: Michael M. Honda

1:25:04 to 1:25:24( Edit History Discussion )

Michael M. Honda: eliminating the fact that banks and other financial institutions were being eliminated from this ability to provide direct student loans to our students and charging them interest rates. as a teacher and as a person who used to receive student loans, that is really misleading the public when we say they are being put out of business, when

1:25:25 to 1:25:46( Edit History Discussion )

Michael M. Honda: the federal government subsidizes these banks and financial institutions to provide the student loans and adding on top of that, the subsidy, they're going to charge an interest to the students where these banks and financial institutions will be making money on federal dollars than a on the backs of students. that is so wrong and i think

1:25:47 to 1:25:55( Edit History Discussion )

Michael M. Honda: that has to be clarified. so i just wanted to make that clarification not only as a person who used to receive