Student Finance Congressional Panel

Ok, we're reading the transcripts from the Febrary 16, 2007 hearing before the Senate Health, Education, Labor and Pensions Committee. Ah, yes Suze Orman....she's such a cute bundle of contradictions:

“When there are choices, there is confusion,” Orman said, suggesting that student and families get so overwhelmed by information about competing loan options that they just “do nothing.” Consumers would be better off with fewer loan options, she said, a seemingly unusual stance for a consumer advocate. “We always lose when others are competing over our business,” she said.

What?

Just in case you glanced over the previous paragraph: “We always lose when others are competing over our business,” Orman said. Umm....we're sort of at a loss of anything witty or sarcastic to say here....we're quite sure this statement will take on a cult following.

There was more ridiculousness from the hearing.....but we still reeling from Suze Ormon's statements.