Sunday, May 18, 2008
Aunt Sallie Mae
What keeps a generation of indentured servants docile in white collar cockroach infested sweatshops? Sallie Mae.
Every heavily indebted law school graduate knows what a mistake it would be to fuck around with Sallie Mae. Don't be deceived by her sweet sounding name. Miss just one payment, and she will literally come after you and destroy your life. As Elizabeth Warren recently noted, "Aunt Sallie Mae has collection powers that would make even a mafioso blush."
How did Aunt Sallie Mae become so powerful? Click on the following Credit Slips link to find out. It includes a link to some recently leaked documents detailing Aunt Sallie's official Washington lobbying strategy: