Thinking she had reeled in a big one, Democratic chairwoman of the House Financial Services Committee Maxine Waters (D-Calif.) planned to line up the country's big bank presidents (you know, like the famous tobacco executives) and call them on the carpet over the student loan debt issue.  She was loaded for bear. According to the Washington Times: At a hearing featuring a panel of seven bank CEOs, Ms. Waters ticked off figures on student loan debt and defaults, then asked, "What are you guys doing to help us with this student loan debt?  Who would like to answer first?  Mr. Monahan, big bank." Much to the House chairwoman's surprise, she was calmly advised, by bank president after bank president after bank president, that they didn't do student loans anymore.  President Obama had nationalized the entire market. Bank of America chairman and CEO Brian Monahan replied, "We...(Read Full Post)