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How Kaine Helped a Student-Loan Giant Fight Obama Reforms

Early in Obama’s first term, as he announced plans to crack down on federal subsidies to companies like Sallie Mae, email records reviewed by POLITICO show that Tim Kaine used his White House connections to quietly help the lender keep billions in taxpayer money flowing. Kaine took the position that he was helping a home-state employer, with headquarters at the time in Reston. But what Sallie Mae wanted to preserve was widely criticized as a taxpayer boondoggle — and the company has drawn the ire of progressives like Massachusetts Sen. Elizabeth Warren.