Cry Wolf Quotes
[Government intervention would mean dealing with] a pestilential lot of spies, meddlers, and informers. The Federal Government was not created for the purpose of cutting your toe nails or corns. I believe there are millions of old women, white and black, who know more about good victuals and good eating than my friend Doctor Wiley and all his apothecary shop.
This act would affect building conditions in my State. While in many districts the population is quite dense, the districts are widely scattered. The irrigation districts are densely populated, but then there will be wide areas where there is practically no population at all. When you limit the radius to 50 miles you are putting out of business a good many of our building and loan associations because they cannot operate in an area supported by the business they will have in the small areas covered in this bill.
I do not believe in legislation so radical that it means an attack on the valuation of real estate or driving out of our state manufacturing concerns or other large business enterprises.
Currently, students have the option to choose between private and public lenders, and I am a firm believer that such choice and competition among lenders is the best proven method for reducing costs and improving services. By omitting private lenders, we would create a monopoly within the federal government regarding student loans.