Here is a little from a NY Times editorial about the student loan program. Interesting example of how the rules of a particular industry get written. This industry may hit a little closer to home than railroads or shipping.
Private companies that reap undeserved profits from the federal student-loan program are gearing up to kill a White House plan that would get them off the dole and redirect the savings to federal scholarships for the needy. Instead of knuckling under to the powerful lending lobby, as it has so often done in the past, Congress needs to finally put the taxpayers’ interests first.