Last week, she voted against a House bill that ends subsidies to banks and student loan companies that have a long history of ripping off students and their parents -- and racking up incredible profits in the process. Pres. Obama said: "This bill will end the billions upon billions of dollars in unwarranted subsidies that we hand out to banks and financial institutions, and will use that money to guarantee access to low-cost loans."
I've always been tickled by student loan companies denying loans to strapped 19-year-olds because their middle-class parents make too much money working three part-time jobs. The House bill's projected $87 billion in savings would be used to expand aid to students and colleges, according to The Chronicle of Higher Education.
Read full richy-rich list at http://www.rollcall.com/features/Guide-to-Congress_2009/guide/38181-1.html
From Roll Call:
Lummis’ prosperity is tied to three Cheyenne, Wyo.-based cattle ranches -- Lummis Livestock Co., Arp & Hammond Hardware Co. and Old Horse Pasture Inc. — each valued at $5 million to $25 million.
The first-term lawmaker also lists the Laramie River Ranch in Wheatland, Wyo., valued at $500,000 to $1 million. Her husband, Al Wiederspahn, lists the Equipoise Corp. in Cheyenne with a value of $1 million to $5 million.
Lummis lists two mortgages for her Wyoming properties with a combined minimum value of at least $1.1 million.
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