We love our troops, but some of us love ripping them off even more.
Among those most determined to get their hands on the skimpy paychecks of the younger members of the military are certain segments of the student-loan industry.
“Many service members may not have access to the full range of benefits afforded to them due to servicing errors and complex eligibility,” said a government report released Thursday. Often, this is in violation of the law, Defense Secretary Leon Panetta said at a news conference.
Somehow, this confusion results in increased profits for the loan companies. And it has to be deliberate. After the liar loans, toxic mortgages and flawed foreclosures of the recession, it has to be deliberate profiteering. The financial institutions no longer get the benefit of the doubt.