But her point was that when the banks were bailed out enormous chunks of money went to the tax avoiders and the taxpayers had to take the hit. On the other hand, when you bail out the student they will become tax payers (thus they take their own hit but moved into the future - the loans are basically transferred to themselves instead of having the banks hold them and getting paid for doing so).
she is comparing apples to oranges
the discount window banking loans were made by the FDIC to banks & brokers to prevent a liquidity crisis, and the loans were enormous because the FDIC is the lender of last resort
The loans were either repaid or the companies were liquidated
700 billion TARP loans were another program
TARP bought preferred stock in eight banks: Bank of New York Mellon, Goldman Sachs, J.P. Morgan, Morgan Stanley, Bank of America/Merrill Lynch, Citigroup, Wells Fargo, and State Street. The banks were required to give the government a 5% dividend that would increase to 9% in 2013. To encourage banks to buy back the stock within five years.
In addition to the eight banks, TARP funds were used to either buy preferred stock in, or make loans to: AIG ($40 billion), small banks & credit unions ($92 billion), General Motors, GMAC & Chrysler ($24.8 billion). Citigroup and Bank of America ($45 billion). An additional $20 billion of TARP was loaned to the TALF program, managed by the Federal Reserve.
As of 2016, the banks had paid the government back with interest. In total, $250.46 billion in TARP funds were committed to assisting 700 banks. Of that, $165.33 went to the big banks (assets of $10 billion or greater.) Another $14.57 billion went toward the smaller banks. The remaining went to prop up Citigroup and Bank of America.
The big banks paid back $179.51 billion in principal and interest. The small banks only returned $13.94 billion, since more of them went bankrupt despite assistance. Citigroup and Bank of America returned $81.59 billion. All told, the banks repaid $275.04 billion, creating a $25 billion profit.
Now the loans going to the politically connected is another discussion
Why write off student debt of students silly enough to go $200k in debt at some Ivy league school, so they could get a degree in woman's studies ?
Isn't that subsidizing those rich enough to go to an Ivy league school?