Monday, April 16, 2007

Sallie Mae up for Sale!

They don't want to be a public company no more.

"Sallie Mae agreed late last night to be sold to JP Morgan Chase, Bank of America and two private equity firms for $25 billion, said people involved in the negotiations.The deal would move the nation’s largest education lender, officially known as the SLM Corporation, into private control amid increasing turmoil for the company. The deal is expected to be announced today, these people said."

One of its private buyers is known for snapping up companies with serious problems.

1 comment:

Jake said...

This Video is really interesting and it is a MUST SEE movie! Here is the link to it:

http://video.google.com/videoplay?docid=-9050474362583451279

This is the description of it:

Paul Grignon's 47-minute animated presentation of "Money as Debt" tells in very simple and effective graphic terms what money is and how it ... all » is being created. It is an entertaining way to get the message out. The Cowichan Citizens Coalition and its "Duncan Initiative" received high praise from those who previewed it. I recommend it as a painless but hard-hitting educational tool and encourage the widest distribution and use by all groups concerned with the present unsustainable monetary system in Canada and the United States.

Please watch and let me know how you feel about this!

Thanks

-Jake