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Sallie Mae affirms outlook, warns of "train wreck"

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posted on Apr, 17 2008 @ 04:15 PM
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Sallie Mae affirms outlook, warns of "train wreck"


news.yahoo.com

But Chief Executive Al Lord told analysts on a conference call: "We've been predicting something of a train wreck" in mid-2008 without prompt changes in a market hit by fallout from the subprime mortgage crisis and cuts last year in federal subsidies to student lenders.
(visit the link for the full news article)




posted on Apr, 17 2008 @ 04:15 PM
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This is only getting uglier and spreading into other sectors. Where is the end to all of this?




news.yahoo.com
(visit the link for the full news article)



posted on Apr, 17 2008 @ 04:50 PM
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And I owe my soul to Sally Mae... wonder what this means?

They are the only agency outside of the IRS that can garnish things like VA disability benefits and/or Social Security benefits (disability or otherwise) and I have both. If they tank what does it mean for people like me?



 
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