Cancel It?: Student Loans, Revenge Porn, Trading Fees

Skimm This

theSkimm

News

4.5 • 3.6K Ratings

🗓️ 24 October 2019

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A top Education Department official is calling it quits, and on his way out the door he’s urging the federal government to cancel most of the country’s student loan debt. We’ll explain why that’s become a popular rallying cry, and what plans are being put forward. Meanwhile, a freshman congresswoman is under a House ethics investigation. We’ll connect the dots on the allegations against her, and why supporters claim she’s a victim of revenge porn. Also on today’s show: how commission-free investing can affect your wallet. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	It's Thursday, October 24th.
0:03.1	Welcome to Schimbis.
0:04.5	We're breaking down the most complex stories of the day and giving you the context on why
0:08.2	they matter.
0:09.8	On his way out the door, one of the country's top education officials says it's time to
0:14.0	cancel student loan debt.
0:15.5	Turns out he's not the only one who thinks so.
0:18.0	Then, some drama on Capitol Hill that has nothing to do with impeachment.
0:22.5	One member of Congress who's currently under investigation for an alleged inappropriate
0:26.3	relationship is coming out with claims of her own.
0:29.5	And finally, why some of the biggest names in finance are making zero look good.
0:34.2	We're here to make your evening smarter.
0:36.1	Let's Schimbis.
0:39.1	Today's episode is brought to you by Uber.
0:44.5	The most complicated story today is about student loans.
0:48.0	This morning, a top education department official told the Wall Street Journal he's leaving.
0:52.6	He used to oversee the federal student loan program.
0:55.2	Now he says the system is, quote, fundamentally broken and that he thinks we should just
0:59.6	cancel most federal loan debt.
1:01.8	So today we're going to get into who this guy is, what's going on in the federal student
1:05.8	loan system, and what some of the plans are to get out of this mess.
1:10.0	Let's get into it, starting with A. Wayne Johnson.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from theSkimm, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of theSkimm and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.