Globalization/Privatization are capitalism's the evil twins. They'll huff and puff and they'll blow your house down.
"Renaissance Thinking About the Issues of Our Day"
I know I'm a day behind, but I always listen the next day to the previous days podcast.
Just thought I'd drop you a line to tell you that SallieMae is no longer part of the federal government.
"The Student Loan Marketing Association was originally created in 1972 as a government-sponsored enterprise (GSE) and began privatizing its operations in 1997, a process it completed at the end of 2004 when Congress terminated its federal charter, ending its ties to the government. The company remains the country's largest originator of federally insured student loans. Through its specialized subsidiaries and divisions, Sallie Mae also provides debt management services as well as business and technical products to a range of business clients, including colleges, universities and loan guarantors."
In 2005, Sallie Mae was among 53 entities that contributed the maximum of $250,000 to the second inauguration of President George W. Bush.
I found this out when they bought all of Citi's student loan debts (including mine)