Obama & student loans / investment bank regs

OBAMA TO ANNOUNCE STUDENT LOAN REFORMS
Obama to announce “Student Aid Bill of Rights.” HuffPost:

“President Barack Obama on Tuesday will announce sweeping borrower-friendly recommendations to fix the $1.1 trillion federal student loan system that, taken together, amount to an indictment of the U.S. Department of Education’s inability to protect borrowers from ever-increasing burdens … Obama’s directives are intended to counter complaints about a system rife with abuse that gives borrowers few protections from companies that process their monthly payments or schools that mislead them into taking out federal student loans.”

http://m.huffpost.com/us/entry/6835922


Tougher regulation squeezing investment banks. FT:

“This upheaval begs the question of whether anyone really makes much money from investment banking … There are many reasons why these powerhouses, which regularly generated pre-crisis returns above 20 per cent, now struggle to earn more than their cost of capital. But the biggest one is clear: tougher regulation.”

http://m.ft.com/login?dest=%2Fintl%2Fcms%2Fs%2F0%2Feda4c3f6-c66f-11e4-add0-00144feab7de.html