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Thursday, April 17, 2008

The next bailout: Sallie Mae?

Good grief, it will never end. Did anyone in the Bush administration or GOP ever stop to ask questions? Just like on Wall Street or Iraq or post-Katrina, oversight has been completely lacking. And this is what McSame wants more of for the US. How many more surprise bailouts can we afford?

Sallie Mae , the largest U.S. student loan company, on Thursday affirmed its 2008 profit forecast, but warned of a "train wreck" in the $85 billion education financing market without urgent government intervention.

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