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 ...
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<strong>Sallie</strong> <strong>Mae</strong> as a GSELower capital <strong>and</strong> higher leverage thancompetitorsAbility to grow much faster than competitorsSpecialization in designated market withoutfinancial diversificationDependence on political process;development <strong>of</strong> political strengthPerception that, if <strong>Sallie</strong> <strong>Mae</strong> failed,government would bail out debtholders3