Sallie Mae deal worth $31 billion, page 1

Sallie Mae deal worth $31 billion

www.upi.com

A financial consortium including the Bank of America, JP Morgan, Barclays Capital, Deutsche Bank, Credit Suisse, Royal Bank of Scotland and UBS AG of Switzerland have committed to the $31 billion financing deal that will last for one year.

(visit the link for the full news article)

ARRRRRGGGHHHHH!!! Is this supposed to be a good thing? All of these banks buying up other "in trouble" financial institutions. I cannot believe how blatant the plan of the elites is coming to life. RIGHT BEFORE OUR VERY EYES!!!! So not only does B of A own most of the default mortgages distributed by Countrywide, but now they are involved with owning a majority of student loans as well. Everyone needs to get their heads out of their arses and wake up to what is happening around here. Throw in JP Morgan, and Barclays and you have a regular three ring circus on your hands. Unfreakin' believable. I can't wait for what I am sure is going to be such a reassuring economic portion of the State of The Union tonight.


www.upi.com
(visit the link for the full news article)



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[edit on 1/28/2008 by palehorse23]

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