This may be the biggest accounting fraud in history

[*bfine32*]

Seems Maxine Waters might need to brush up on when the Government Nationalized the Student loan program:

https://freebeacon.com/politics/waters-unaware-the-federal-government-nationalized-student-loans-in-2010/

Quote:Waters, the ranking member of the House Financial Services Committee, posed her questions to a panel of seven CEOs of America's largest banks in a hearing reviewing their activities since the 2008 financial crisis.

"What are you guys doing to help us with this student loan debt?" Waters asked. "Who would like to answer first? Mr. Monahan, big bank."

"We stopped making student loans in 2007 or so,"said Bank of America CEO Brian Monahan.

"Oh, so you don't do it anymore," Waters said, before turning to Citigroup CEO Michael Corbat.

"We exited student lending in 2009," he said.

She posed the same question to JPMorgan Chase CEO Jamie Dimon, who explained, "When the government took over student lending in 2010 or so, we stopped doing all student lending."