How VP Candidate Tim Kaine helped a student-loan giant fight Obama reforms
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.
Kaine’s little-known intervention on behalf of Sallie Mae, as detailed in about a half dozen emails in 2009, reveal a pragmatist who, in this case, was willing to forward a special interest’s concerns to the right people — albeit without his full-throated endorsement.
While the Clinton campaign has cast her vice presidential pick as a fighter on progressive issues, his involvement with Sallie Mae suggests a more conventional politician willing to carry water for a constituent dangling hundreds of local jobs — even if progressives might criticize it as working against the interests of taxpayers and needy students who would get additional financial aid under Obama’s proposal.
Kaine’s involvement with Sallie Mae is not the only time he has supported the agenda of banks: This summer, just before Clinton tapped him as her VP nominee, he came out in favor of loosening some regulations for regional banks — a move that drew fury from progressive groups.
