Sallie Mae Lost $1.6 Billion in 4Q

Sallie Mae Lost $1.6 Billion in 4Q

There are 1 comment on the North County Times story from Jan 23, 2008, titled Sallie Mae Lost $1.6 Billion in 4Q. In it, North County Times reports that:

“Our cost of funds and loan-loss expectations were impacted by weakening credit markets.”

WASHINGTON - Embattled Sallie Mae, the nation's largest student lender, on Wednesday reported a fourth-quarter loss of $1.6 billion as it slumped under heavy borrowing costs and set aside $575 million to cover ... via North County Times

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Firstsai

Fort Huachuca, AZ

#1 Apr 17, 2008
They're just looking for a government bailout, and threatening to hold college kid's education for ransom. I say, let them go under. Of course, that would many a loy of colleges would go under also, but perhaps we have too man y now, and the ones that we do have, lost their focus and their souls a long time ago.

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