The Privatization of Sallie Mae and its Consequences
The Privatization of Sallie Mae and its Consequences - Thomas H ...
The Privatization of Sallie Mae and its Consequences - Thomas H ...
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>Sallie</strong> <strong>Mae</strong>’s s Continuing GrowthCosts <strong>of</strong> continued expansion:ED IG: <strong>Sallie</strong> <strong>Mae</strong>’s s common control <strong>of</strong> servicingoperations <strong>and</strong> guaranty agencies creates conflict <strong>of</strong>interest:“<strong>The</strong> potential for USA Education, Inc., tomanipulate default aversion <strong>and</strong> collection activitiesis greater than it would be if a separate entityperformed default aversion activities”GAO: common control means that defaulted loanscan be more pr<strong>of</strong>itable than performing loans12