Forgive me for questioning the network known for "fake but true" and the most transparent administration ever, but without evidence this isn't "Operation shiny object", I'll treat this story as the bull it most likely is.

Gov't reaps windfall profits on student loans
When President Obama pushed his student loan legislation he said it would stop greedy banks from getting handouts, but in reality it led to the government takeover of student loans. Since Obama has taken office, student loan debt has risen 250% and the administration projects windfall profits of $51 billion dollars, or nearly the same amount the major banks earn combined.

Unsure. There are plenty of outlets covering the story, but all that I find lead back to the CBS report.

Well, I'm not seeing anything about it anywhere else, maybe BD's source got it wrong?  What say you BD?

Hard to say. What's the provenance of the various emails?

Did or did not the Reps modify the actual language?

Ask Dan Rather about the integrity of documents See-B.S. uses. 

I'd love to get some team effort on the issue presented my posse commitatus question in post #116 , , ,

This may help get things started:  http://www.dtic.mil/whs/directives/corres/pdf/302521p.pdf