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Saving Sallie Mae?

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  1. Carol Cross says:

    Sally Mae joins her cousins in betting on an unknown future and we sincerely hope that the future is bright for Sally Mae! Hopefully, there will be employment for all of the college educated! Just what we need! More attorneys! and all of these student loans will be paid back with interest.

    Are the securitizations of the cash flows of the future good fiscal policy? Are investors protected when “forward looking statements” are not contractual promises under the law? Should Insurance Companies be insuring these bets into the future?

    Will there be a conversation between the economists and the investment bankers and our Congress as to whether or not these somewhat new financial products, these securitizations, have contributed to the great problems we are facing in the World Economies today?