April 17, 2008
Sallie Mae Begging At The Liqudity Trough
Sallie Mae CEO Al Lord today tried to hold the Congress at gun point by predicting a "train wreck" in mid 2008.
http://www.reuters.com/article/businessNews/idUSN1744519020080417
To which Senator Chistopher Dodd, formerly a Democratic Candidate for President, responded with the following:
Dodd, a Connecticut Democrat, said today that he wants the Treasury Department's Federal Financing Bank to "prime the pump of liquidity in order to help avert a funding crisis in the student loan market."
http://www.bloomberg.com/apps/news?pid=20601087