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Mark to Market Accounting Rule suspension expected to be voted on today by the Financial Accounting Standards Board. So much for regulation.

  • **

[Excerpt from Reuters article:]

Given the challenging economic environment, Herz underscored the FASB`s
commitment to continue working actively with regulators and constituents to provide guidance on reporting issues emanating from the financial crisis and continue its project with the International Accounting Standards Board (IASB) to improve, simplify and converge the accounting standards for financial instruments .

The full text of Chairman Herz`s testimony is located at www.fasb.org.

About the Financial Accounting Standards Board

Since 1973, the Financial Accounting Standards Board has been the designated organization in the private sector for establishing standards of financial accounting and reporting. Those standards govern the preparation of financial reports and are officially recognized as authoritative by the Securities and Exchange Commission and the American Institute of Certified Public Accountants.
Such standards are essential to the efficient functioning of the economy because investors, creditors, auditors, and others rely on credible, transparent, and comparable financial information. For more information about the FASB, visit our website at www.fasb.org.

Financial Accounting Standards Board
Neal McGarity, 203-956-5347

Copyright Business Wire 2009
© Thomson Reuters 2009 All rights reserved

http://www.reuters.com/article/pressRelease/idUS170540+12-Mar-2009+BW20090312

  • *
  • **

Robert H. Herz, Chairman of the Financial Accounting Standards Board (FASB),
testified about mark to market accounting today before the  U.S. House of Representatives Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises.

Herz appeared at a hearing convened by Congressman and Committee Chairman Paul E. Kanjorski (D-PA) on “Mark-to-Market Accounting: Practices and Implications.”

http://www.reuters.com/article/pressRelease/idUS170540+12-Mar-2009+BW20090312

  • **

Paul E. Kanjorski has been a Democratic member of the U.S. House of Representatives, representing Pennsylvania’s 11th Congressional district, since 1985. The district includes Scranton, Wilkes-Barre, and most of the Poconos. (map)

Congressional career

Kanjorski ran four times for Congress in the early 1980s. On the fourth try, in 1984, he was finally elected to the U.S. House of Representatives.

Kanjorkski has had a mixed voting record – liberal on economics and moderate on social issues. Kanjorski usually plays behind-the-scenes roles in the advocacy or defeat of legislation and steers appropriations money toward improving the infrastructure and economic needs of Northeastern Pennsylvania.

2006 elections

In 2006, Republicans nominated Joseph F. Leonardi to face Kanjorski in his November 2006 bid for reelection. (See U.S. congressional elections in 2006) [1] Kanjorski retained his seat.

Money in politics

This section contains links to – and feeds from – money in politics databases. For specific controversies, see this article’s record and controversies section.

Top Contributors to Paul E. Kanjorski (D) during the 2006 Election Cycle


Rank    Donor    Amount (US Dollars)


1    SLM Corp    $ 18,950

2    New Century Financial Corp    $ 17,000
3    National Assn of Realtors    $ 11,000
4    Natl Assn/Insurance & Financial Advisors    $ 10,000
4    Massachusetts Mutual Life Insurance    $ 10,000
4    United Food & Commercial Workers Union    $ 10,000
4    National Assn of Home Builders    $ 10,000
4    American Assn for Justice    $ 10,000
4    American Institute of CPAs    $ 10,000
4    Liberty Mutual Insurance    $ 10,000
4    Machinists/Aerospace Workers Union    $ 10,000
4    Credit Union National Assn    $ 10,000
4    UBS AG    $ 10,000
4    Mortgage Bankers Assn    $ 10,000
4    National Air Traffic Controllers Assn    $ 10,000
4    National Assn of Federal Credit Unions    $ 10,000
4    New York Stock Exchange    $ 10,000
Source: The Center for Responsive Politics’ http://www.OpenSecrets.org site.

Note: Contributions are not from the organizations themselves, but are rather from
the organization’s PAC, employees or owners. Totals include subsidiaries and affiliates.

Links to more campaign contribution information for Paul Kanjorski
from the Center for Responsive Politics’ OpenSecrets.org site.
Fundraising profile:     2006 election cycle     Career totals
Top contributors by organization/corporation:     2006 election cycle     Career totals
Top contributors by industry:     2006 election cycle     Career totals

  • Revolving door profile for Paul Kanjorski from the Center for Responsive Politics’ OpenSecrets.org website.
  • 2006 privately funded travel profile for Paul Kanjorski from the Center for Responsive Politics’ OpenSecrets.org website.
  • Personal finance profile for Paul Kanjorski from the Center for Responsive Politics’ OpenSecrets.org website.

Committees and Affiliations

Committees

  • House Committee on Financial Services

o Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises -Chair
o Subcommittee on Domestic and International Monetary Policy, Trade, and Technology
o Subcommittee on Financial Institutions and Consumer Credit

  • House Committee on Oversight and Government Reform

o Subcommittee on Government Management, Organization, and Procurement
o Subcommittee on Information Policy, Census, and National Archives

  • House Committee on Science and Technology

o Subcommittee on Environment and Energy

Committee assignments in the 109th Congress (2005-2006)

  • House Committee on Financial Services

o Subcommittee on Financial Institutions and Consumer Credit
o Subcommittee on Capital Markets Insurance and Government Sponsored Enterprises – Ranking Minority Member
o Subcommittee on Domestic and International Monetary Policy Trade and Technology

  • House Committee on Government Reform

o Subcommittee on Federalism and the Census
o Subcommittee on Government Management Finance and Accountability

More Background Data

  • Background information on Paul Kanjorski from Project Vote Smart
  • Interest group scorecard ratings for Paul Kanjorski from Project Vote Smart
  • Voting record for Paul Kanjorski from the Washington Post database
  • Information on Paul Kanjorski from Congress Merge

Wikipedia also has an article on Paul Kanjorski. This article may use content from the Wikipedia article under the terms of the GFDL.

Contact

DC Office:
2188 Rayburn House Office Building
Washington, DC 20515-3811
Phone: 202-225-6511
TollFree: 1-800-222-2346
Fax: 202-225-0764
Web Email
Website

District Office- Mount Pocono:
102 Pocono Boulevard
Mount Pocono, PA 18344-1412
Phone: 570-895-4176
Fax:

District Office- Scranton:
546 Spruce Street
Scranton, PA 18503
Phone: 570-496-1011
Fax: 570-496-6439

District Office- Wilkes-Barre:
The Stegmaier Building
7 North Wilkes-Barre Boulevard, Suite 400 M
Wilkes-Barre, PA 18702-5283
Phone: 570-825-2200
TollFree: 1-800-222-2346
Fax: 570-825-8685

Campaign Contact Information

Official Kanjorski for Congress Web site

Pennsylvanians For Kanjorski
126 South Franklin Street
Wilkes-Barre, PA 18701

Telephone: (570) 825-6070

vote@kanjorski.org

Articles and Resources

  • Official website
  • Campaign website
  • Open Secrets – 2006 congressional races database
  • “Kanjorski has surgery” Roll Call

Local blogs and discussion sites

  • Gort 42
  • The All-Spin Zone

Corresponding article on Wikipedia and Cause Caller. (If Cause Caller link does not work, pick from its list of senators and representatives.)
Current Office: U.S. House of Representatives
111th Congress
Leadership Position:
Committees Chaired:
Committees,
Ranking Member On:
Caucuses:
Committees:
110th Congress
Leadership Position:
None     Committees Chaired:
Committees,
Ranking Member On:
Caucuses:
Committees: House Committee on Financial Services, House Committee on Financial Services/Subcommittee on Financial Institutions and Consumer Credit, House Committee on Financial Services/Subcommittee on Capital Markets Insurance and Government Sponsored Enterprises, House Committee on Financial Services/Subcommittee on Domestic and International Monetary Policy Trade and Technology, House Committee on Oversight and Government Reform, House Committee on Oversight and Government Reform/Subcommittee on Information Policy Census and National Archives, House Committee on Oversight and Government Reform/Subcommittee on Government Management Organization and Procurement, House Committee on Science and Technology, House Committee on Science and Technology/Subcommittee on Energy and Environment
Congressional Career
First Elected to Current Office:
November 6, 1984     First Took Current Office:
January 3, 1985     Next Election:
November 2, 2010     Term Ends:
Freshman Member?
No     Previous Political Work?
None or not available     Other Party Membership:
District Offices:

1. 102 Pocono Boulevard, Mount Pocono, PA 18344-1412
Phone: 570-895-4176 / Fax:
2. 546 Spruce Street, Scranton, PA 18503
Phone: 570-496-1011 / Fax: 570-496-6439
3. The Stegmaier Building, 7 North Wilkes-Barre Boulevard, Suite 400 M, Wilkes-Barre, PA 18702-5283
Phone: 570-825-2200 / Fax: 570-825-8685

Campaign Contact:

Website: Official Kanjorski for Congress Web site
Webform Email: vote@kanjorski.org / Email: vote@kanjorski.org

Campaign Offices:

1. Pennsylvanians For Kanjorski, 126 South Franklin Street, Wilkes-Barre, PA 18701
Phone: 570-825-6070 / Fax:

Zip Code Affiliations:
Misc:

Date of Birth: April 2, 1937

Retrieved from “http://www.sourcewatch.org/index.php?title=Paul_Kanjorski”

Categories: Pennsylvania and the U.S. Congress | Members of the U.S. Congress from Pennsylvania | Members of the U.S. House of Representatives – temp | Congresspedia | Members of U.S. House of Representatives | Democratic Party (USA) | Congresspedia pages missing a “District Office 1 Fax” field

http://www.sourcewatch.org/index.php?title=Paul_Kanjorski

  • **

http://www.votesmart.org/issue_rating_category.php?can_id=27047&type=category&category=11&go.x=6&go.y=15

Paul E. Kanjorski – Voting Record (ratings)

Business and Consumers

2007-2008  Based on a point system, with points assigned for actions in support of or in opposition to American Forest and Paper Association’s position, Representative Kanjorski received a rating of 50 percent.

2007-2008  Representative Kanjorski supported the interests of the Associated General Contractors of America 75 percent in 2007-2008.

2007-2008  In 2007-2008 National Federation of Independent Business gave Representative Kanjorski a rating of 60 in its 110th (2007-2008) Pre-Election Congressional Report.

2007-2008  Based on a point system, with points assigned for actions in support of or in opposition to National Restaurant Association’s position, Representative Kanjorski received a rating of 60.

2007-2008  Based on a point system, with points assigned for actions in support of or in opposition to National Retail Federation’s position, Representative Kanjorski received a rating of 40 percent.

2007  Representative Kanjorski supported the interests of the Business-Industry Political Action Committee 7 percent in 2007.

2007  Representative Kanjorski supported the interests of the U.S. Chamber of Commerce 45 percent in 2007.

2006  Representative Kanjorski supported the interests of the Business-Industry Political Action Committee 35 percent in 2006.

2006  Representative Kanjorski supported the interests of the National Stone, Sand & Gravel Association 41 percent in 2006.

2006  Representative Kanjorski supported the interests of the U.S. Chamber of Commerce 43 percent in 2006.

2005-2006  Representative Kanjorski supported the interests of the American Forest and Paper Association 36 percent in 2005-2006.

2005-2006  Representative Kanjorski supported the interests of the Associated General Contractors of America 40 percent in 2005-2006.

(And more)

  • **

http://www.opensecrets.org/politicians/summary.php?cid=N00001509

REPRESENTATIVE (D – PA)
Paul E. Kanjorski

Choose your cycle:
First Elected: 1984
Next Election: 2008
Committee Assignments:

  • Financial Services
  • Oversight and Government Reform
  • Science

Leadership PAC: Citizens for Action
Cycle Fundraising, 2007 – 2008
Raised:     $2,517,285
Spent:     $3,153,006

Cash on Hand:     $340,023
Debts:     $0
Last Report:     Wednesday, December 31, 2008


Top 5 Contributors, 2007-2008

AXA    $33,000
SLM Corp    $26,150
PMA Group    $20,250
FMR Corp    $16,500
Federated Investors Inc    $16,000
Top 5 Industries, 2007-2008


Insurance    $345,548
Securities & Investment    $312,049
Lawyers/Law Firms    $201,697
Real Estate    $178,550
Finance/Credit Companies    $92,516


Total Raised vs. Average Raised, 2007-2008
2007-2008 Fundraising
Cycle Source of Funds, 2007-2008
Individual Contributions    $881,518    (35%)
PAC Contributions             $1,531,728    (61%)
Candidate self-financing    $0    (0%)
Other    $104,039    (4%)

NOTE: All the numbers on this page are for the 2007-2008 election cycle and based on Federal Election Commission data available electronically on April 01, 2009. (“Help! The numbers don’t add up…”)

Feel free to distribute or cite this material, but please credit the Center for Responsive Politics. For permission to reprint for commercial uses, such as textbooks, contact the Center.

http://www.opensecrets.org/politicians/summary.php?cid=N00001509

  • **


Paul E. Kanjorski

Paul E. Kanjorski personal relations:
Nancy Kanjorski – sister-in-law, spouse
Peter Kanjorski – brother

Other current Paul E. Kanjorski relationships:
Citizens for Action – PAC
House Committee on Oversight and Government Reform – member
House Science and Technology Committee – member
K&K Real Estate – co-owner
U.S. House of Representatives – member

Paul E. Kanjorski past relationships:
Financial markets bailout bill (House -9/29/08) – voted for
Financial markets bailout bill (House -10/3/08) – voted for
Paul E. Kanjorski connections, once removed:
Paul E. Kanjorski is connected to …
Peter Kanjorski >> through K&K Real Estate   >> Map it!
Note: This may be a partial list. Click on the map above to explore more connections.

Congressional & campaign info:
Paul E. Kanjorski is a Democrat from PA
representing congressional district 11

Contact info and committee assignments
Campaign contributors (from the Center for Responsive Politics)
Power ranking (by Knowlegis)

http://www.muckety.com/Paul-E-Kanjorski/1236.muckety

  • **

House Committee on Financial Services/Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises
From OpenCongress Wiki
< House Committee on Financial Services

This is a subcommittee of the House Committee on Financial Services.
Membership
Member  ?    Party  ?    State  ?
Paul Kanjorski    D    PA
Gary Ackerman    D    NY
Brad Sherman    D    CA
Michael Capuano    D    MA
Ruben Hinojosa    D    TX
Carolyn McCarthy    D    NY
Joe Baca    D    CA
Stephen Lynch    D    MA
Brad Miller    D    NC
David Scott    D    GA
Nydia Velazquez    D    NY
Carolyn Maloney    D    NY
Melissa Bean    D    IL
Gwen Moore    D    WI
Paul Hodes    D    NH
Ron Klein    D    FL
Ed Perlmutter    D    CO
Joe Donnelly    D    IN
Andre Carson    D    IN
Jackie Speier    D    CA
Travis Childers    D    MS
Charles Wilson    D    OH
Bill Foster    D    IL
Walt Minnick    D    ID
John Adler    D    NJ
Mary Jo Kilroy    D    OH
Suzanne Kosmas    D    FL
Alan Grayson    D    FL
Jim Himes    D    CT
Gary Peters    D    MI
Scott Garrett    R    NJ
Tom Price    R    GA
Mike Castle    R    DE
Peter King    R    NY
Frank Lucas    R    OK
Donald Manzullo    R    IL
Ed Royce    R    CA
Judy Biggert    R    IL
Shelley Moore Capito    R    WV
Jeb Hensarling    R    TX
Adam Putnam    R    FL
Gresham Barrett    R    SC
Jim Gerlach    R    PA
John Campbell    R    CA
Michele M. Bachmann    R    MN
Thaddeus McCotter    R    MI
Randy Neugebauer    R    TX
Kevin McCarthy    R    CA
Bill Posey    R    FL
Lynn Jenkins    R    KS

Previous memberships
110th Congress
Members of the
Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises,
110th Congress
Democrats:     Republicans:

  • Paul Kanjorski (Pa.), Chairman
  • Gary Ackerman (N.Y.)
  • Brad Sherman (Calif.)
  • Greg Meeks (N.Y.)
  • Dennis Moore (Kan.)
  • Michael Capuano (Mass.)
  • Ruben Hinojosa (Texas)
  • Carolyn McCarthy (N.Y.)
  • Joe Baca (Calif.)
  • Stephen Lynch (Mass.)
  • Brad Miller (N.C.)
  • David Scott (Ga.)
  • Nydia Velazquez (N.Y.)
  • Melissa Bean (Ill.)
  • Gwen Moore (Wis.)
  • Lincoln Davis (Tenn.)
  • Albio Sires (N.J.)
  • Paul Hodes (N.H.)
  • Ron Klein (Fla.)
  • Tim Mahoney (Fla.)
  • Ed Perlmutter (Colo.)
  • Chris Murphy (Conn.)
  • Joe Donnelly (Ind.)
  • Robert Wexler (Fla.)
  • Jim Marshall (Ga.)
  • Dan Boren (Okla.)
  • Deborah Pryce (Ohio), Ranking Member
  • Rick Renzi (Ariz.)
  • Richard Baker (La.)
  • Chris Shays (Conn.)
  • Paul Gillmor (Ohio)
  • Mike Castle (Del.)
  • Peter King (N.Y.)
  • Frank Lucas (Okla.)
  • Donald Manzullo (Ill.)
  • Ed Royce (Calif.)
  • Shelley Moore Capito (W.Va.)
  • Adam Putnam (Fla.)
  • Gresham Barrett (S.C.)
  • Marsha Blackburn (Tenn.)
  • Ginny Brown Waite (Fla.)
  • Tom Feeney (Fla.)
  • Scott Garrett (N.J.)
  • Jim Gerlach (Pa.)
  • Jeb Hensarling (Texas)
  • Geoff Davis (Ky.)
  • John Campbell (Calif.)
  • Michele M. Bachmann (Minn.)
  • Peter Roskam (Ill.)

http://www.opencongress.org/wiki/House_Committee_on_Financial_Services/Subcommittee_on_Capital_Markets,_Insurance,_and_Government_Sponsored_Enterprises

***
PACs
Congressman Paul E. Kanjorski 2007 – 2008

Campaign Finance Cycle:

Total PAC Money for 2008:                        $1,521,095
Number of Contributions: 829

Sectors

Agribusiness                                             $2,000
Communications/Electronics                 $18,600
Construction                                                     $29,000
Defense                                                    $32,500
Energy & Natural Resources                          $19,000
Finance, Insurance & Real Estate             $937,495
Health                                                               $13,500
Lawyers & Lobbyists                                       $61,750
Transportation                                         $4,000
Misc Business                                       $36,000
Labor                                                            $251,000
Ideological/Single-Issue                              $113,250
Other                                                                 $2,000
Unknown                                                    $1,000

Based on Federal Election Commission data available electronically on Monday, March 02, 2009.

2007 – 2008 Cycle PAC Contribution Breakdown
Business                            $1,153,845.0         (76%)
Labor                                     $251,000    (17%)
Ideological/Single Issue    $113,250    (7%)

Based on Federal Election Commission data available electronically on Monday, March 02, 2009.

NOTE: All the numbers on this page are for the 2007-2008 election cycle. (“Help! The numbers don’t add up…”)

Feel free to distribute or cite this material, but please credit the Center for Responsive Politics. For permission to reprint for commercial uses, such as textbooks, contact the Center.

http://www.opensecrets.org/politicians/pacs.php?cycle=2008&cid=N00001509

  • **
  • ***

[ SLM gave over $18,000 to Congressman Paul E. Kanjorski who just demanded FASB to hearing in front of his committee and pressured the change away from mark-to-market accounting. 04-09]

***

SLM – Corporate board

Anthony P. Terracciano is Chairman of the Board of Directors. Mr. Terracciano joined the board in January 2008 following the failed sale of Sallie Mae to J.C. Flowers.

Mr. Terracciano was formerly President of First Union Corporation (now Wachovia), Chairman and Chief Executive Officer of First Fidelity Bank Corporation, President and Chief Operating Officer of Mellon Bank, Vice Chairman of Chase Manhattan Bank, and non-executive Chairman of both The Dime Bank and Riggs National Corporation.

Al Lord currently holds the positions of Vice Chairman and CEO. Mr. Lord joined Sallie Mae in 1981, took over as CEO in 1995, and led the company’s privatization.

http://en.wikipedia.org/wiki/Sallie_Mae

  • **

Anthony P. Terracciano
Chairman of the Board/Director
SLM Corporation

Reston ,  VA
Sector: FINANCIAL  /  Credit Services

68 Years Old
Anthony P. Terracciano, Chairman, SLM Corporation-January 2008 to present; Chairman, Riggs National Corporation-2004 to 2005; Vice Chairman, American Water Works Company Inc.-1998 to 2003; Chairman, Dime Bancorp-2000 to 2002; President, First Union Corporation (now Wachovia); Chairman and CEO, First Fidelity Bancorp; President Mellon Bank Corp.; Vice Chairman and Chief Financial officer, Chase Manhattan Bank. Directorships of Other Public Companies: IKON Office Solutions. Other Activities: Director, Avaya, Inc. Trustee, Monmouth Medical Center, University of Medicine & Dentistry of New Jersey, New Jersey State Investment Council.

Director Compensation (Knoll, Incorporated) for 2007
Fees earned or paid in cash     $43,750.00
Stock awards     $0.00
Option awards (in $)     $15,463.00
Non-equity incentive plan compensation     $0.00
Change in pension value and nondisqualified compensation earnings     $0.00
All other compensation     $0.00
Total Compensation     $59,213.00
Director Compensation (Knoll, Incorporated) for 2006
Fees earned or paid in cash     $32,500.00
Stock awards     $0.00
Option awards (in $)     $25,290.00
Non-equity incentive plan compensation     $0.00
Change in pension value and nondisqualified compensation earnings     $0.00
All other compensation     $0.00
Total Compensation     $57,790.00

http://people.forbes.com/profile/anthony-p-terracciano/42867

Top Executives at SLM Corporation

Albert L. Lord     Director/CEO/Vice Chairman
John J. Hewes     Chief Credit Officer/Executive VP
Robert S. Autor     Executive VP/Chief Information Officer
John (Jack) F. Remondi     CFO/Vice Chairman/Chief Accounting Officer
Anthony P. Terracciano     Chairman of the Board/Director
Robert S. Lavet     Senior VP/General Counsel
Michael E. Sheehan     General Counsel/Senior VP
Earl A. Goode     Director
Ann Torre Bates     Director
J. Lance Franke     Executive VP, Divisional
See All Executives and Directors at SLM Corporation

http://people.forbes.com/profile/anthony-p-terracciano/42867

  • **

Anthony P. Terracciano

Anthony P. Terracciano current relationships:
SLM Corporation – chairman

Anthony P. Terracciano past relationships:
American Water Works Company Inc. – vice chairman
Avaya Inc. – director
Dime Bancorp. – chairman
IKON Office Solutions Inc. – director
Knoll Inc. – director
Riggs National Corporation – chairman

Anthony P. Terracciano connections, once removed:
Anthony P. Terracciano is connected to …

http://www.muckety.com/Anthony-P-Terracciano/18502.muckety

  • **

Riggs National Corporation

PNC Financial Services Group acquired Riggs National in 2005.

Riggs National Corporation past relationships:
Joe L. Allbritton – CEO
Robert L. Allbritton – chairman & CEO
Lawrence I. Hebert – CEO
PNC Financial Services Group, Inc. – acquirer
Anthony P. Terracciano – chairman


http://www.muckety.com/Riggs-National-Corporation/5025860.muckety

  • **

SLM Corporation

SLM Corporation is based in Reston, VA

Business sector:
personal credit institutions

SLM Corporation financial information:
Securities and Exchange Commission filings
Stock quote and chart

People related to SLM Corporation:
Ann Torre Bates – director
William M. Diefenderfer III – director
Diane Suitt Gilleland – director
Earl A. Goode – director
Ronald F. Hunt – director
Albert L. Lord – CEO & vice chairman
Michael E. Martin – director
Barry A. Munitz – director
Howard H. Newman – director
A. Alexander Porter Jr. – director
Frank C. Puleo – director
John F. Remondi – vice chairman & CFO
Wolfgang Schoellkopf – director
Steven L. Shapiro – director
Anthony P. Terracciano – chairman
Barry L. Williams – director
Barry Lawson Williams – director
Other current SLM Corporation relationships:
Clark & Weinstock, Inc. – lobby firm
Downey McGrath Group – lobby firm
Sallie Mae – parent corporation
Van Scoyoc Associates – lobby firm

SLM Corporation past relationships:
Charles L. Daley – director
Thomas J. Fitzpatrick – CEO & vice chairman
Benjamin J. Lambert III – director

http://www.muckety.com/SLM-Corporation/5007580.muckety

***
Sallie Mae

People related to Sallie Mae:
Charles Elliott Andrews – president
Robert S. Autor – EVP & CIO
Charles Elliott Fitzpatrick – EVP & CFO
June M. McCormack – EVP

Other current Sallie Mae relationships:
Global USA – lobby firm
ML Strategies LLC – lobby firm
Patton Boggs LLP – lobby firm
Sallie Mae PAC – PAC
SLM Corporation – parent corporation
Student Loan Marketing Association – division

Sallie Mae past relationships:
John B. Breaux – lobbyist
Thomas J. Fitzpatrick – CEO

http://www.muckety.com/Sallie-Mae/5008837.muckety

  • **

ML Strategies LLC

People related to ML Strategies LLC:
David J. Leiter – VP

Other current ML Strategies LLC relationships:
American Science and Engineering, Inc. – lobby firm
Astellas Pharma US – lobby firm
Business Software Alliance – lobby firm
Cablevision Systems Corporation – lobby firm
Contractors International Group on Nuclear Liability – lobby firm
Direct Carbon Technologies – lobby firm
Distributed Energy Systems, Inc. – lobby firm
eBay Inc. – lobby firm
Exxon Mobil Corp. – lobby firm
Goldman Sachs Group Inc. – lobby firm

Harvard Pilgrim Health Care – lobby firm
Inland Northwest Research Alliance – lobby firm
Israel Policy Forum – lobby firm
Madison Square Garden – lobby firm
Minuteclinic, Inc. – lobby firm
National Automobile Dealers Association – lobby firm
National Cable & Telecommunications Association – lobby firm
New Energy Capital – lobby firm
NPower NY – lobby firm
Sallie Mae – lobby firm
Station Casinos Inc. – lobby firm
Tenneco, Inc. – lobby firm
Trigen Cos. – lobby firm

http://www.muckety.com/ML-Strategies-LLC/5007881.muckety

  • **

SLM Corporation

SLM Corporation is based in Reston, VA
Business sector:
personal credit institutions

SLM Corporation financial information:
Securities and Exchange Commission filings
Stock quote and chart

People related to SLM Corporation:
Ann Torre Bates – director
William M. Diefenderfer III – director
Diane Suitt Gilleland – director
Earl A. Goode – director
Ronald F. Hunt – director
Albert L. Lord – CEO & vice chairman
Michael E. Martin – director
Barry A. Munitz – director
Howard H. Newman – director
A. Alexander Porter Jr. – director
Frank C. Puleo – director
John F. Remondi – vice chairman & CFO
Wolfgang Schoellkopf – director
Steven L. Shapiro – director
Anthony P. Terracciano – chairman
Barry L. Williams – director
Barry Lawson Williams – director

Other current SLM Corporation relationships:
Clark & Weinstock, Inc. – lobby firm
Downey McGrath Group – lobby firm
Sallie Mae – parent corporation
Van Scoyoc Associates – lobby firm

SLM Corporation past relationships:
Charles L. Daley – director
Thomas J. Fitzpatrick – CEO & vice chairman
Benjamin J. Lambert III – director

http://www.muckety.com/SLM-Corporation/5007580.muckety

  • *

William M. Diefenderfer III
William M. Diefenderfer III current relationships:
Diefenderfer, Hoover & Wood – partner
SLM Corporation – director
U-Store-It Trust – chairman

William M. Diefenderfer III past relationships:
U.S. Office of Management and Budget – deputy director

[Ford and Bush administrations – various appointments]

http://www.muckety.com/William-M-Diefenderfer-III/82025.muckety

  • **

U-Store-It Trust (YSI:NYSE)
LAST $2.15 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
YSI On Other Exchanges
As of April 1, 2009 All times are local (Market data by Reuters is delayed by at least 15 minutes).
SnapshotNewsChartsFinancialsEarningsPeopleOwnershipTransactionsOptions
OverviewBoard of DirectorsCommittees

EXECUTIVE PROFILE*
William M. Diefenderfer III    Return to SLM Corp.
Chairman, U-Store-It Trust

This person is connected to 25 board members in 2 different organizations across 2 different industries.

See Board Relationships

Age:  62    —
BACKGROUND*

William M. Diefenderfer, III
has been a Partner in the law firm of Diefenderfer, Hoover, Boyle & Wood, Pittsburgh, PA since 1991. Mr. Diefenderfer Co-founded Enumerate Solutions Inc., in 1998 and served as its Chief Executive Officer and President from 2000 to 2002. Mr. Diefenderfer’s accomplished career spans three fields – law, business, and public service.

Mr. Diefenderfer Founded USA Education, Inc. (Sallie Mae) and Chart House Enterprises, Inc.

He served as Deputy … Director of the Office of Management and Budget from 1989 to 1991. From 1992 to 1996, he served as Treasurer and Chief Financial Officer of Icarus Aircraft, Inc.

He has held senior leadership positions on the staffs of members of Congress, and in the White House for President Gerald Ford and George H. Bush. In October 2006, he served with the Commission on the Future of American Veterans, the purpose of which is to formulate a clear plan to guide the U.S. Department of Veteran’s Affairs for the next twenty years.

He has been the Chairman of U-Store-It Trust since February 14, 2007. Mr. Diefenderfer has been Vice-Chairman of the Board of Enumerate Solutions Inc. since 2000.

He has been an Independent Director of SLM Corp., since May 20, 1997. He serves as a Director of The Student Loan Marketing Association Inc., a wholly owned subsidiary of SLM Corporation. He serves as Director of USA Education, Inc. (Sallie Mae) and Chart House Enterprises, Inc.

He has been an Independent Trustee of U-Store-It Trust since October 2004.

He served as a Member of Standing Advisory Group of the Public Company Accounting Oversight Boards from 2004 to 2005. He served as Chief of Staff of two U.S. Senate Committees: the Committee on Finance and the Committee on Commerce, Science, and Transportation.

Mr. Diefenderfer holds degrees from Dickinson College (B.A.), Duquesne University School of Law (J.D.), and Kings College, University of London (L.L.M.). .

CORPORATE HEADQUARTERS*
460 East Swedesford Road
Wayne, Pennsylvania 19087

United States

Phone: 610-293-5700
Fax: —
BOARD OF DIRECTORS MEMBERSHIPS*
2007-Present
Chairman
U-Store-It Trust
1997-Present
Independent Director, Chairman of Audit Committee, Member of Nominations & Governance Committee and Member of Executive Committee
SLM Corp.
EDUCATION*
BA
Dickinson College
JD
Duquesne University School of Law
OTHER AFFILIATIONS*
AM-CH, Inc.
SLM Corp.
enumerate Solutions Incorporated
Dickinson College
Duquesne University School of Law

ANNUAL COMPENSATION*
There is no Annual Compensation data available.
STOCK OPTIONS*
There is no Stock Options data available.
TOTAL COMPENSATION*
Total Annual Cash Compensation    $54,914
Total Calculated Compensation        $103,000

http://investing.businessweek.com/businessweek/research/stocks/people/person.asp?personId=558341&capId=4485863&previousCapId=301714&previousTitle=SLM%20Corp.

  • **

William M. Diefenderfer
Trustee/Chairman of the Board
U-Store-It Trust
Cleveland ,  OH
Sector: FINANCIAL  /  REIT – Industrial

Director ,  SLM Corporation
Reston ,  VA
Sector: FINANCIAL  /  Credit Services

62 Years Old
William M. Diefenderfer III, 62, has served as our Chairman of the Board since February 2007 and as a trustee since our initial public offering in October 2004. Mr. Diefenderfer has been a partner in the law firm of Diefenderfer, Hoover, Boyle & Wood since 1991. He served as Chief Executive Officer and President of Enumerate Solutions Inc., a privately-owned technology company that he co-founded, from 2000 to 2002. From 1992 to 1996, Mr. Diefenderfer served as Treasurer and Chief Financial Officer of Icarus Aircraft, Inc., a privately-owned aviation technology company. Mr. Diefenderfer served a two-year term on the Public Company Accounting Oversight Board’s Standing Advisory Group from 2004 through 2005. In October 2006, he accepted appointment to the Commission on the Future of American Veterans, the purpose of which is to formulate a clear plan to guide the U.S. Department of Veteran’s Affairs for the next twenty years. Mr. Diefenderfer serves as Vice-Chairman of the Board of Directors of Enumerate Solutions Inc., as well as chairman of its Audit Committee. He currently serves on the board of SLM Corporation, a publicly-traded company more commonly known as Sallie Mae, a leading provider of student loans and administrator of college savings plans.

Director Compensation (U-Store-It Trust) for 2007
Fees earned or paid in cash     $54,914.00
Stock awards     $41,158.00
Option awards (in $)     $0.00
Non-equity incentive plan compensation     $0.00
Change in pension value and nondisqualified compensation earnings     $0.00
All other compensation     $6,928.00
Total Compensation     $103,000.00
Director Compensation (SLM Corporation) for 2007
Fees earned or paid in cash     $92,000.00
Stock awards     $0.00
Option awards (in $)     $114,889.00
Non-equity incentive plan compensation     $0.00
Change in pension value and nondisqualified compensation earnings     $0.00
All other compensation     $100,057.00
Total Compensation     $306,946.00
Director Compensation (SLM Corporation) for 2006
Fees earned or paid in cash     $0.00
Stock awards     $0.00
Option awards (in $)     $292,946.00
Non-equity incentive plan compensation     $0.00
Change in pension value and nondisqualified compensation earnings     $0.00
All other compensation     $70,081.00
Total Compensation     $363,027.00
Director Compensation (U-Store-It Trust) for 2006
Fees earned or paid in cash     $58,000.00
Stock awards     $0.00
Option awards (in $)     $0.00
Non-equity incentive plan compensation     $0.00
Change in pension value and nondisqualified compensation earnings     $0.00
All other compensation     $3,073.00
Total Compensation     $61,073.00

http://people.forbes.com/profile/william-m-diefenderfer/72461

  • **

SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.

[SEE CHART on this page]

http://www.salliemae.com/about/corp_leadership/corp_str/corp_str.htm

  • **

United Student Aid Funds or USA Funds is a nonprofit corporation that works to enhance postsecondary-education preparedness, access and success by providing and supporting financial and other valued services. USA Funds links colleges, universities, proprietary schools, private lenders, students and parents to promote financial access to higher learning.

Established in Indianapolis in 1960 to help families finance rising college costs, USA Funds has grown to become the nation’s largest guarantor of loans made under the Federal Family Education Loan Program (FFELP), the largest federal source of financial aid for higher education. During the past 44 years, the USA Funds guarantee has supported a total of nearly $115.5 billion in financial aid for higher education. USA Funds has served more than 13.6 million students and parents. SMS Hawaii, the nonprofit student-loan secondary market for Hawaii, is an affiliate of USA Funds. Another USA Funds affiliate, Northwest Education Loan Association, is a nonprofit guarantor that serves the Pacific Northwest. NELA is the designated guarantor for the states of Idaho and Washington. USA Funds guarantees education loans for students and parents throughout the nation. In addition, USA Funds serves as the designated guarantor of federal education loans in eight states: Arizona, Hawaii and the Pacific Islands, Indiana, Kansas, Maryland, Mississippi, Nevada and Wyoming.

Affiliation with Sallie Mae

USA Funds contracts with affiliates of Sallie Mae, the leading guarantor-servicing organization, to deliver some of the services necessary to support USA Funds’ guarantee.

Before July 31, 2000, USA Funds was an affiliate of USA Group. USA Funds contracted with other USA Group affiliates to these lenders contract with Sallie Mae for servicing and loan acquisition; others have no contractual relationships with Sallie Mae. Postsecondary institutions, their students, and parents are free to choose the lenders with which they wish to work while using the USA Funds guarantee.

External links

  • USA Funds website

Retrieved from “http://en.wikipedia.org/wiki/United_Student_Aid_Funds&#8221;
Categories: Financial aid | Education finance

http://en.wikipedia.org/wiki/USA_Funds

  • **

SLM Corp

Sallie Mae – Private Student Loans, Federal Student Loans, Private …
SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America. Resources for tuition in tough times …
Show stock quote for SLM
www.salliemae.com/

SLM Corp. debt offerings

Commercial paper: SLM Corp. generally issues its commercial paper on a daily basis through various commercial paper dealers. Maturities for our commercial …
www.salliemae.com/about/investors/debtasset/slmcorp/

News results for SLM Corp
Fitch Affirms 230 Classes from 51 SLM FFELP Student Loan Transactions – Mar 31, 2009
The loans are originated by SLM Corp. SLM is rated ‘BBB/F3’ on Rating Watch Negative by Fitch. The loans are serviced by Sallie Mae, Inc. which is rated …
FOXBusiness

  • **


SLM Corporation Debt Offerings

Debt Offerings

Medium Term Notes Program: Prospectus and Prospectus Supplements, Pricing Supplements

EdNotes® Medium Term Notes Program: Prospectus and Prospectus Supplements, Pricing Supplements

Senior Notes: Prospectus and Prospectus Supplements

Commercial paper: SLM Corp. generally issues its commercial paper on a daily basis through various commercial paper dealers. Maturities for our commercial paper range from 1 day to 270 days. There is no additional information related to SLM Corp.’s commercial paper on this website.

Information on SLM Corporation Debt

Search for information on a particular SLM Corp. debt offering by CUSIP number.

Rate/payment/general information for all SLM Corp. debt offerings.

http://www.salliemae.com/about/investors/debtasset/slmcorp/

  • **

Corporate overview

SLM Corporation, commonly known as Sallie Mae, is the parent company of a number of college savings, education lending, debt collection, and other subsidiaries.

The corporate structure chart shows how Sallie Mae’s business is organized.

http://www.salliemae.com/about/corp_leadership/

  • **

.
Sallie Mae

  • Home |
  • About us |
  • Contact us |
  • Scholarships

Find
Corporate structure
About us

  • Careers at Sallie Mae
  • News and information
  • Investors
  • Corporate overview

o Corporate structure
+ Sallie Mae, Inc.
+ Academic Management Services
+ Arrow Financial Services
+ General Revenue Corporation
+ GRP Financial Services
+ Nellie Mae Corporation
+ Pioneer Credit Recovery, Inc.
+ Sallie Mae Bank
+ Sallie Mae Education Trust
+ SLM Financial Corporation
+ Southwest Student Services Corporation
+ Student Assistance Corporation
+ Student Loan Finance Association
+ Student Loan Funding Resources LLC
o Senior management

  • Philanthropy at Sallie Mae
  • The Sallie Mae Fund

Corporate structure

Sallie Mae business organization
SLM Corporation®

Corporate structure

© 1995–2009 Sallie Mae, Inc. All rights reserved. Our trademarks | Terms of use | Protecting your privacy | Avoid online fraud

SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.

[SEE CHART on this page]

http://www.salliemae.com/about/corp_leadership/corp_str/corp_str.htm

  • **

Market Winners & Losers: SLM Corp., AIG – FOXBusiness.com


Mar 26, 2009 … The market fought off the bad economic numbers again to close the session up 2.8% on average. While all three of the indices finishing in …
www.foxbusiness.com/story/markets/market-winners–losers-slm-corp-aig/

  • **

SLM Corporation
From Wikipedia, the free encyclopedia
(Redirected from Sallie Mae)

SLM Corporation
Type     Public (NYSE: SLM)
Founded     1972
Headquarters     Reston, VA, USA
Key people     Anthony P. Terracciano, Chairman
Al Lord, Vice Chairman and CEO
Industry     Education finance
Products     Government guaranteed student loans
Private student loans
K-12 loans
College savings plans
Employees     12,000 (2007)
Website     SallieMae.com

CollegeAnswer.com

Be Debt Savvy
Upromise.com

SLM Corporation NYSE: SLM, commonly known as Sallie Mae, is the United States’ largest college student loan company, managing more than $126.9 billion in debt for more than 10 million borrowers, and employing 12,000 individuals at offices nationwide.

The company primarily provides federally guaranteed student loans originated under the Federal Family Education Loan Program (FFELP) and offers resources to assist students, parents, and guidance professionals with the financial aid process.
Contents

  • 1 History
  • 2 Corporate information
  • 3 Corporate board
  • 4 Social Responsibility
  • 5 Controversies
  • 6 Subsidiaries
  • 7 References
  • 8 See also
  • 9 External links

History

The Student Loan Marketing Association was originally created in 1972 as a government-sponsored enterprise (GSE) and began privatizing its operations in 1997, a process it completed at the end of 2004 when Congress terminated its federal charter, ending its ties to the government. The company remains the country’s largest originator of federally insured student loans. Through its specialized subsidiaries and divisions, Sallie Mae also provides debt management services as well as business and technical products to a range of business clients, including colleges, universities and loan guarantors.

In 2005, Sallie Mae was among 53 entities that contributed the maximum of $250,000 to the second inauguration of President George W. Bush.[1] [2] [3]

In August 2006, Sallie Mae acquired Upromise, a company which provides rebates to buyers of certain brands, which can be applied to college savings accounts. Sallie Mae and Upromise plan to market comprehensive financial packages to parents and students, including investment plans, financial aid information, and student loans.

On April 16, 2007, Sallie Mae announced that an investor group led by J.C. Flowers & Co. signed an agreement to purchase Sallie Mae for approximately $25 billion (USD). Had the transaction completed, J.C. Flowers along with private-equity firm Friedman Fleischer & Lowe would have owned 50.2 percent of Sallie Mae, and Bank of America and JPMorgan Chase would each have owned 24.9 percent. Sallie Mae would have ceased to be a publicly traded company.[4] The deal fell through in September 2007, with the buyers blaming adverse changes to the business’s outlook as a result of the College Cost Reduction and Access Act of 2007 and the tightening of global credit markets following the 2007 subprime mortgage financial crisis[5]. Sallie Mae subsequently began legal action, only to drop it in January 2008 upon completion of a $31 billion funding round, including funding from Bank of America[6].

Corporate information

Sallie Mae operates servicing centers in Gilbert, Arizona; Panama City, Florida; Indianapolis, Indiana; Mount Laurel, New Jersey; Wilkes-Barre, Pennsylvania; Killeen, Texas, and Whitewater, Wisconsin, as well as 71 other offices in the United States.

Sallie Mae is listed on both the Fortune 500 and the Forbes Global 2000. The company has been recognized as one of the 100 Best Corporate Citizens according to Business Ethics magazine and one of the top 30 companies for executive women by the National Association of Female Executives.

Corporate board


Anthony P. Terracciano is Chairman of the Board of Directors. Mr. Terracciano joined the board in January 2008 following the failed sale of Sallie Mae to J.C. Flowers.

Mr. Terracciano was formerly President of First Union Corporation (now Wachovia), Chairman and Chief Executive Officer of First Fidelity Bank Corporation, President and Chief Operating Officer of Mellon Bank, Vice Chairman of Chase Manhattan Bank,

and non-executive Chairman of both The Dime Bank and Riggs National Corporation.

Al Lord currently holds the positions of Vice Chairman and CEO. Mr. Lord joined Sallie Mae in 1981, took over as CEO in 1995, and led the company’s privatization.

Social Responsibility

Corporate Responsibility Officer has named Sallie Mae one of America’s “100 Best Corporate Citizens” five times. Corporations (over 1,100 are evaluated) are selected according to community, governance, diversity, and environmental best business practices.

Sallie Mae sponsors The Sallie Mae Fund, a charitable organization with a mission to increase access to higher education for America’s students by supporting and starting programs and initiatives that help open doors to higher education. The Sallie Mae Fund prepares families and students for college and provides scholarship funding that focuses on minority, low-income, and “first in the family” students. Since 2001, The Sallie Mae Fund has awarded $10 million in scholarships to help 4,000 students enroll in college. That is $1 donated for every $12,690 under their management.

Through The Fund’s work, Sallie Mae was named among BusinessWeek’s Top 15 Corporate Philanthropists in 2004. The Washington Business Journal identified the company as the top local corporate philanthropist in 2005.[1]

Sallie Mae won the Ron Brown Award for Corporate Leadership in 2006. It was honored for three college-access programs developed by The Sallie Mae Fund: Latino College Access Campaign, Project Access: DC, and The Sallie Mae Fund Scholarship Programs.

The Sallie Mae Fund earned the 2007 Insight Award for Customer Advocacy in Financial Services (from Insight Forums, LLC). The award recognizes financial communications initiatives that proactively enable customers to make fully-informed choices.

Controversies

On November 9, 2005, former Sallie Mae employee Michael Zahara filed a federal lawsuit against the company, alleging that it had a pattern and practice of granting forbearance in a purposeful effort to increase total student loan debt. That lawsuit is still ongoing.[7] On October 29, 2008, permission was granted to his legal counsel to withdraw from the case, citing “From counsel’s perspective, a breakdown in trust has resulted from the discovery that Relator has been arrested for extortion, the circumstances surrounding that arrest, and Relator’s failure to disclose the arrest to counsel.”[8][9]

A 60 Minutes segment (originally aired May 7, 2006) examined Sallie Mae, including its business practices.[2] A professor of law at Harvard Law School, Elizabeth Warren, who is also an expert on bankruptcy and an outspoken critic of consumer lenders, questions Sallie Mae’s dual role as both lender and collector.[3]

In February, 2007, New York Attorney General Andrew Cuomo launched an investigation into alleged deceptive lending practices by student loan providers, including The College Board, EduCap, Nelnet, Citibank, and Sallie Mae.[4]
On April 11, 2007, Cuomo ended his investigation of Sallie Mae and announced that Sallie Mae had voluntarily agreed to change its lending standards to satisfy a new code of conduct for student loan practices established by Cuomo, and to donate $2 million (USD) to a fund devoted to educating college-bound students about their loan options. [5]

On October 10, 2007, documents surfaced showing that Sallie Mae was attempting to use the Freedom of Information Act to force colleges to turn over students’ personal information.[10] The university involved, the State University of New York system, is expected to decline the request and be forced to defend its position in court.

On December 19, 2007, Chairman Al Lord acted out in frustration during an earnings call with analysts, he ended the call with “There are no more questions. Let’s get the fuck out of here.” Sallie Mae’s stock price fell 21% that day.[11]

Subsidiaries

  • Academic Management Services Corp. (Acquired 2003)
  • Arrow Financial Services (Acquired Majority Interest September 2004)
  • First Trust Financial
  • General Revenue Corporation (Acquired January 2002)
  • GRP Financial Services (Acquired August 2005)
  • Nellie Mae (Acquired July 1999)
  • Pioneer Credit Recovery Inc.
  • Sallie Mae Bank
  • Sallie Mae Home Loans
  • Sallie Mae Inc.
  • SLM Financial Corporation
  • Southwest Student Services Corporation (Acquired October 2004)
  • Student Assistance Corporation
  • Student Loan Finance Association (Acquired November 2004)
  • Student Loan Funding (Acquired July 7, 2000)
  • Upromise (Acquired August 23, 2006)

References

1. ^ Drinkard, Jim (2005-01-17). “Donors get good seats, great access this week”. USA Today. http://www.usatoday.com/news/washington/2005-01-16-inauguration-donors_x.htm. Retrieved on 2008-05-25.
2. ^ “Financing the inauguration”. USA Today. http://www.usatoday.com/news/washington/2005-01-16-inaugural-donors_x.htm. Retrieved on 2008-05-25.
3. ^ “Some question inaugural’s multi-million price tag”. USA Today. 2005-01-14. http://www.usatoday.com/news/washington/2005-01-14-price_x.htm. Retrieved on 2008-05-25.
4. ^ Investor group to buy Sallie Mae for $25 billion. http://www.salliemae.com/about/news_info/newsreleases/04162007.htm.
5. ^ JC Flowers team drops Sallie Mae bid
6. ^ Sallie Mae drops takeover lawsuit
7. ^ “Sallie Mae Reports $159-Million Loss and More Delinquencies by Borrowers”. Chronicle of Higher Education. 2008-10-23. http://chronicle.com/news/article/5382/sallie-mae-reports-159-million-loss-and-more-delinquencies-by-borrowers. Retrieved on 2008-11-17.
8. ^ http://studentloanstories.files.wordpress.com/2008/11/motiontowithdraw.pdf
9. ^ http://www.lvrj.com/news/25845924.html?imw=Y
10. ^ Stephen Burd (2007-10-09). “Sallie Mae Demands SUNY Colleges Turn Over Students’ Personal Data”. New America Foundation. http://www.newamerica.net/blogs/education_policy/2007/10/news_scoop_sallie_mae_demands_suny_schools_turn_over_personal_data_their_students. Retrieved on 2008-11-17.
11. ^ Ron Lieber (2007-12-20). “The Potty Mouth of a Student Lender’s CEO”. FiLife (The Wall Street Journal). http://blog.filife.com/the-potty-mouth-of-a-student-lenders-ceo/. Retrieved on 2008-01-07.

See also

  • Fannie Mae
  • Farmer Mac
  • Freddie Mac
  • Ginnie Mae
  • USA Funds

External links

  • SallieMae.com
  • The Sallie Mae Fund

Retrieved from “http://en.wikipedia.org/wiki/SLM_Corporation&#8221;
Categories: Companies listed on the New York Stock Exchange | Companies based in Reston, Virginia | Companies established in 1972 | Education finance | Financial aid | Financial services companies of the United States

http://en.wikipedia.org/wiki/Sallie_Mae

  • **
  • **

Note – WHAT HAPPENED to the $35 Billion dollar loan made through the Dept. Of Energy last fall for the re-tooling of the General Motors and other auto companies’ manufacturing plants to create fuel efficient and alternative fuel cars’ production?  Where did that money go?

  • ***

Today, the financial accounting standards board is voting to suspend mark-to-market accounting rules. And, why?

I had noticed that the financial accounting standards board (FASB) chairman (and others) had been called to a Congressional committee to a hearing about mark-to-market. At that point, he was pressured to change this accounting standard and to suspend it.

Going back to a fantasy based accounting system has been demanded by Republicans heavier and heavier every day, but it seemed odd that this Financial Committee Chairman who called the hearing was Democrat, Paul E. Kanjorski. So I looked it up and it turns out that $937,495 dollars in campaign contributions had come to him in 2008 from finance, industry and real estate PACs, along with those who will benefit directly.

He also received over $26,000 in 2008, $18,000 in 2007, and who knows what before that, from SLM – so who is that and what do they do? (See chart below)

Oh, my God – can we say “twisted” and “illegal conflicts of interest”?

cricketdiane, 04-02-09

(Posted on Facebook – 5:25 a.m., 04-02-09)

  • ***
SLM - products and companies - Sallie Mae et al.

SLM - products and companies - Sallie Mae et al.

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