patrick.net

In the letter, obtained by NPR, Frotman unloads on Mulvaney and the Trump administration of undermining his ability to defend the millions of millennial loan borrowers struggling to stay afloat. There was no mention of explaining to said millions of millennials why taking out debt in the first place is a bad idea if there are no prospects of ever repaying it.

Frotman concludes the resignation letter with a warning that the “system is rigged to favor the most powerful financial interests.” He also mentioned millions of borrowers are "trapped in a broken student loan system", by which he meant one in which borrowers are expect to repay their lenders:

"For seven years, the Consumer Financial Protection Bureau fought to ensure these families received a fair shake as they strived for the American Dream. Sadly, the damage you have done to the Bureau betrays these families and sacrifices the financial futures of millions of Americans in communities across the country.

https://www.zerohedge.com/news/2018-08-27/top-student-loan-official-quits-blames-trump-warns-system-rigged

A problem that has been around for years: Trump inherited this: What did Obama do? Nothing, now Trump is supposed to fix it in a day?

tovarichpeter says

A problem that has been around for years: Trump inherited this: What did Obama do? Nothing, now Trump is supposed to fix it in a day?

Why does anyone lay blame at the foot of the president on an issue like this? Obama or Trump could have unanimously made this better? Without Congress? Maybe, just maybe, someday people will understand how our government is run. Instead, Tina is better then Beverly and they both could give a flying fuck about any of us. Basic education has clearly failed us.