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.
From Wiki:

"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)

Comments

Alberto Ceras 4 years 4 weeks ago
#1

Globalization/Privatization are capitalism's the evil twins. They'll huff and puff and they'll blow your house down.

Add comment

Login or register to post comments

Latest Headlines

Who rejected United States-North Korea peace talks?

There were conflicting reports on Sunday regarding a recent proposal for United States-North Korea peace talks which was allegedly made before North Korea"s recent nuclear test

U.K. Pound Falls As Markets Get Brexit Jitters

Bloomberg said on Monday the pound had sustained its biggest fall against the dollar in 11 months

Clinton: I'll defend Israel but push for 'two-state solution

Hillary Clinton believes both Republican candidates Donald Trump and Ted Cruz "missed the mark" with their approach to the Israel-Palestinian Arab conflict

Community Archive

How Can the GOP Run American Government If They Hate It?

The coal country state of West Virginia is in the middle of a special legislative session to deal with a $270 million budget shortfall, and it's setting the stage for Republicans to completely gut the state's government.

It's the same playbook we've seen the right-wing carry out in Wisconsin, in Kansas, in Michigan, and in Ohio.