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Home Front: Politix
Are the rats starting to flee Joe Biden's sinking ship now?
2024-04-28
[American Thinker] Are the rats fleeing Joe Biden's sinking ship now?

Joe Biden is losing a signature lieutenant, Richard Cordray, the guy who runs all his student loan shovel-outs and 'forgiveness' programs. He's quitting in June, in what's officially the end of his three-year term, not wanting another.

According to Politico:
Rich Cordray, the Biden administration’s top student loan official who has been a key ally of progressives pushing for debt relief, will leave the Education Department at the end of June, the agency confirmed on Friday.

Cordray’s departure comes as the administration has been scrambling to recover from its troubled rollout of a new student aid system that delayed college financial aid offers for millions of families this spring and drew bipartisan criticism in Congress.

It's an odd departure, given that it leaves his successor just six months to clean up his agency before a new administration takes over. Lucky DEI hire.

Politico noted that it was his agency that was behind the FAFSA student aid bunglings.
Posted by:Besoeker

#3  If the rats leave this administration, the West Wing will be empty and the East Wing will be single occupancy.
Posted by: Super Hose   2024-04-28 14:29  

#2  All these gummint apparatchiks belive quitting will let them off the hook.

Hang Fauxi and Vindman and you will have their attention.
Posted by: M. Murcek   2024-04-28 08:16  

#1  A lot of people would not want this job.

It oversees a $1.6 Trillion portfolio of loans of which a huge number were assumed on bad faith where the borrower expected to default. Even of those that were on good faith a huge number will end in default.

This goes back to the Obama theory of taking banks and other private financial institutions out of the program. The theory was that doing this would allow the Federal Govt to reap the benefits of the deferred interest on the loans.
Posted by: Lord Garth   2024-04-28 08:11  

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