Entries in Sallie Mae (2)

With billions at stake in Sallie Mae Buyout, SEIU, Students to Push J.C. Flowers, Big Banks to Support Student Loan Rate Cut

Coming just as Congress passed a new bill to cut nearly $19 billion from lender subsidies to pay for increased aid to college students, a new campaign will kick off Monday to bring the voices and stories of middle class and low-income families hard hit by soaring education costs and high interest rates to Congress and the private equity suitors of Sallie Mae (NYSE: SLM), J.C. Flowers, Bank of America, and J.P. Morgan Chase.

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Concerns Growing over Private Equity Buyouts’ Impact on Students, Workers, the Environment

With debate growing in Washington and around the country about the impact of the private equity buyout industry on America, a new series of activities this summer led by one of the nation’s largest unions and community organizations will highlight the emerging concerns about buyouts on working Americans, communities, and the environment. For more info visit www.BehindtheBuyouts.org.

The slate of activities were announced in New York today by SEIU and the Working Families Party as buyout industry and Wall Street leaders gathered at the Wall Street Journal’s Deals & Dealmakers Conference at the New York Stock Exchange.

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Posted on Wednesday, June 27, 2007 at 11:59AM by Registered CommenterAndrew McDonald in , , , | Comments Off | EmailEmail | PrintPrint