Pol.PeanutButterNews.com

Full Story at cnn.com

Washington (CNN) — Financial reform? Not exactly. The bill before Congress does nothing to address the fundamental background causes of the crash of 2008.

Wall Street may have been the instrument of the crash. But the crash was made elsewhere: in Washington’s failed policies for middle-class families — and in China’s distorted rush for economic growth.

The story is not a simple one. But I hope you will pay attention to the details. If you don’t, you may find that the pocket that has been picked is your own.

Full Story At  CBS News

(AP) President Barack Obama on Friday renewed his call for the government to stop backing private loans to college students and replace them with direct financial aid to young people, a challenge to a decades-old program with strong congressional support.

Obama’s plan to eliminate the Federal Family Education Loan program could save $48 billion for taxpayers over the next decade, but critics warn it could turn the Education Department into a national bank. Lenders and some college officials oppose the proposal, which Obama backed as a U.S. senator and pushed during the presidential campaign.