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

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Tags: Bailout, Credit Crisis, loans

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