:D Sallie Mae (SLM Corp) was responsible for issuing and collecting student loans. By being perceived as a government backed organisation, loans were granted to students majoring in unprofitable adventures to the point of nonsense. Furthermore due to ease of loans and ability of consumers to pay, universities and colleges inflated the cost of education and malinvested the money. Follow me so far? Great. Did you know that Sallie Mae got a bailout of about 100 billion ...
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