Sallie Mae’s Incompetence

Albert Lord, Chairman of Sallie Mae unloaded a third of his stock in Sallie Mae just before a news came of cuts from the federal government.  He sold 18.3 million dollars worth of stock, roughly 23% of the company.  A company spokesman said the sale had been planned for weeks but One can’t help and be suspicious.  With all of these subsidy cuts its no wonder Sallie Mae wants to hold on to my several thousand dollar loan s along as it can. Well watch out Sallie, coming your way soon open letters to your CEO, Board chair, My state Attorney General, and a listing of every mis-deed you are behind.

Sallie Mae Chair sells 18 million in stock before congressional ruling